The mode of reconciling the promise of ever-increasing reward for the cadres and the demands of the working classes for a quid pro quo for their loyalty to the state was to offer the latter a small piece of the pie.

It was the French Revolution that served as the catalyst of this renovation. Its impact was to make the concept of popular sovereignty the new moral justification for the political system of historical capitalism.

The employment rates are in very bad shape. We vastly underestimate the unemployment

Uncertainty is wondrous, and.. certainty, were it to be real, would be moral death.

An individual or a group of individuals might of course decide at any time that they would like to invest capital with the objective of acquiring still more capital. But, before a certain moment in historical time, it had never been easy for such individuals to do this successfully.

It seems to me the only pertinent question is: cui bono? It is clear that the size of the privileged strata as a percentage of the whole has grown significantly under historical capitalism. And for these people, the world they know is better on the whole than any their earlier counterparts knew.

The primary ideology that operated to create, socialize, and reproduce them was not the ideology of racism. It was that of universalism.