'The masters became servants: wealthy servants, but servants nonetheless .. the "Age of Liberalism" lasted from 1815 to 1914: a golden century in which mankind first got an inkling of what it was really capable of.'<blockquote>'In the old order, most would-be one-percenters, in order to get ahead in life, would have had to apply their smarts and ambition to become conquerors, rulers, and government administrators, and in those roles to
exploit the masses. In the new order, under what Mises called the "consumer sovereignty" of the market, their capabilities were turned toward
providing for the masses of sovereign consumers.
The masters became servants: wealthy servants, but servants nonetheless.
The liberal
ideological revolution had engendered an
Industrial Revolution. And what Mises called the "Age of Liberalism" lasted from 1815 to 1914: a golden century in which mankind first got an inkling of what it was really capable of.
Tragically, the Age of Liberalism was ended by an ideological counterrevolution: a wave of statist thinking that is responsible for all the woes of the 20th century, as well as our present economic and geopolitical crises.
Now, the 99%, under the thrall of unsound ideas, are once again oppressing themselves. Thanks to the calamitous state of public opinion, the ranks of the 1% are once again increasingly being filled, not by capitalist-entrepreneurs serving the 99%, but by the state and its cronies exploiting and impoverishing the 99%. And the redistributionist remedies that the self-styled 99% clamor for would only accelerate this trend.
If our civilization is to be rescued — if the tide of public opinion is ever to turn again — it will be thanks to the sound ideas formulated by theorists like Mises and the scholars who work in his tradition. But that can only happen if those ideas are effectively disseminated by a new generation of communicators.
..
May sound ideas win the day, and may human society flower again.'
- Daniel James Sanchez,
The 99 and the 1, May 11, 2012</blockquote>
Context<blockquote>
'..tell your boss you think the company has a love deficit.' - Hamel</blockquote>