Wednesday, October 12, 2011

"Founding Fathers" quote of the day - and what it means for us in the present tense

We are free today substantially,  but the day will come when our Republic will be an impossibility.
It will be an impossibility because wealth will be concentrated in the hands of a few. A republic cannot stand upon bayonets, and when that day comes, when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nation to the changed conditions.
The "Father of the Constitution", President James Madison,  cited in "The Great Quotations" by George Seldes - via Washington Monthly.

Rick Ungar adds this perspective on our current problems to Madison's quote:

Robert Reich - The 7 Biggest Economic Lies (in 2.5 minutes)