Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 172
Context: Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.
“There is a century-old saying, "The dollar votes more times than the man."”
Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 13, p. 222
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Michael Parenti 57
American academic 1933Related quotes
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Context: Such obscenities as the forthcoming trial of the Tennessee evolutionist, if they serve no other purpose, at least call attention dramatically to the fact that enlightenment, among mankind, is very narrowly dispersed. It is common to assume that human progress affects everyone-that even the dullest man, in these bright days, knows more than any man of, say, the Eighteenth Century, and is, far more civilized. This assumption is quite erroneous. The man of the educated minority, no doubt, know more than their predecessors, and of some of them, perhaps, it may be said that they are more civilized- though I should not like to be put to giving names0 but the great masses of men, even in this inspired republic, are ignorant, they are dishonest, they are cowardly, they are ignoble. They know little if anything that is worth knowing, and there is not the slightest sign of a natural desire among them to increase their knowledge.
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Book III, Ch. 13
Attributed
Source: The Complete Essays
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