Excerpt from The State in Business: Or the Collectivist State in the Making
The only claim that I care to make for this book is that it is not academic. To some readers that will be a great drawback; to others, an advantage.
Although taking no particular side in politics, I, like the Persian poet -
"... when young did eagerly frequent
Doctor and Saint, and heard great argument."
I soon observed that the supporter-of-things-as-they-are, when pressed, would invariably reply to the contention that the community itself should administer a service or carry on an industry, that while it would be very nice if it could be done, it was not practicable; whereupon the advocate-of-things-as-they-ought-to-be would proceed volubly to explain how, in theory, the whole thing was as simple as losing money on the Stock Exchange. Unlearned in all these theories, but with some practical acquaintance of foreign business affairs, I would marvel how it was that neither party to the argument was aware that in some country or the other the precise thing regarding the possibility of which they were arguing was actually in existence. Theorists - even great theorists - are apt to ignore facts.
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