"Despotism alone can provide that atmosphere of secrecy which favors crooked dealings and enables the freebooters of finance to make illicit fortunes. Under other forms of government such propensities exist, undoubtedly; under a despotism they are given free rein." The Ancien Regime and the French Revolution, Alexis de Toqueville; (page xiii)
The 'freebooters of finance' make fortunes that are not illegal so much as they are illicit.
07 April 2009
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