Dinsdag quote

The vast material and intellectual progress under the short era of liberalism threatens to be its own undoing, through placing power – physical, intellectual, organisational, and moral or psychological – in the hands of man and especially the common man, more rapidly than he has educated himself to distribute it equitably and use it wisely.

Frank H. Knight (1921). Risk, Uncertainty and Profit, Preface to the 1948 Edition, p lii

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