“Korell is that frequent phenomenon in history: the republic whose ruler has every attribute of the absolute monarch but the name. It therefore enjoyed the usual despotism unrestrained even by those two moderating influences in the legitimate monarchies: regal “honor” and court etiquette.”

—  Isaac Asimov

Part V, The Merchant Princes, section 4
The Foundation series (1951–1993), Foundation (1951)

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Isaac Asimov 303
American writer and professor of biochemistry at Boston Uni… 1920–1992

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“Plutocracy is abhorrent to a republic; it is more despotic than monarchy, more heartless than aristocracy, more selfish than bureaucracy. It preys upon the nation in time of peace and conspires against it in the hour of its calamity.”

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Context: And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.
Plutocracy is abhorrent to a republic; it is more despotic than monarchy, more heartless than aristocracy, more selfish than bureaucracy. It preys upon the nation in time of peace and conspires against it in the hour of its calamity. Conscienceless, compassionless and devoid of wisdom, it enervates its votaries while it impoverishes its victims. It is already sapping the strength of the nation, vulgarizing social life and making a mockery of morals. The time is ripe for the overthrow of this giant wrong. In the name of the counting-rooms which it has denied; in the name of business honor which it has polluted; in the name of the home which it has despoiled; in the name of religion which it has disgraced; in the name of the people whom it has opprest, let us make our appeal to the awakened conscience of the nation.

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