Archive | June, 2013

Why We Had the Financial Meltdown

13 Jun

The Problem with Majorities Being in Control

8 Jun

…if we wish to find a high degree of uniformity and similarity of outlook, we have to descend to the regions of lower moral and intellectual standards, where the more primitive and common instincts and tastes prevail.  This does not mean that the majority of people have low moral standards.  It merely means that the largest group of people who’s values are very similar, are the people with low standards.  It is, as it were, the lowest common denominator which unites the largest number of people.

If a numerous group is needed, strong enough to impose their views on the values of life on all the rest, it will never be those with highly differentiated and developed tastes.  It will be those who form the mass, in the derogatory sense of the term.  The least original and independent who will be able to put the weight of their numbers behind their ideals.

Friedrich A. Hayek — The Road to Serfdom,  (one of the main ideas behind Atlas Shrugged)