Left to its own devices the market is capable of the most miraculous of inventions and the silliest of self-delusions. It is an extreme romantic. It … - John R. Saul

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Left to its own devices the market is capable of the most miraculous of inventions and the silliest of self-delusions. It is an extreme romantic. It also has a real purpose — the same one it has always had. That is to organize the supply and exchange of goods or to finance the production of goods — thus facilitating and financing the economy. But the market cannot achieve in a regular and lasting manner its own purpose because it is only an unconscious and abstract mechanism. The factor which must be added in order to create the restraint, balance, and consciousness necessary for long-term prosperity is human leadership. That leadership takes the form of effective regulation.

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About John R. Saul

John Ralston Saul (born 19 June 1947) is a Canadian writer, political philosopher, and public intellectual. Saul is most widely known for his writings on the nature of individualism, citizenship and the public good; the failures of manager-led societies; the confusion between leadership and managerialism; military strategy, in particular irregular warfare; the role of freedom of speech and culture; and critiques of the prevailing economic paradigm. He is a champion of freedom of expression and was the International President of PEN International, an association of writers.

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Alternative Names: John Ralston Saul John Saul Sir John Ralston Saul
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The pinning on of stars reaches its full cynical significance when sanctified valour and bereaved families are used to lend dignity to wars stupidly fought. The courageous and their families are drawn into a circular trap. The sacrificed soldier was valorous under the orders of a commander who has rewarded his effort. The battle was therefore worth fighting. Courage made it worthwhile. The basic rule of war — that it is fought to be won — has been forgotten.

A referendum is little more than a "rumour of choice." The idea behind the mechanism, ever since its first modern manifestations two centuries ago under Napoleon, has been to replace democracy with the sensation of democracy. That is: to replace the slow, complex, eternally unclear continuity of democracy, and all the awkwardness of citizen participation, with something clear and fast which allows those in power to impose their agenda. Through an apparently simple question with a one-syllable answer, those who ask can get a blank cheque from the citizenry; that is, if they choose their moment well and come up with a winning question.

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Ever since the democratic systems permitted their various courts to give corporations the status of persons, the individual as citizen has been on the defensive. How could it be otherwise? If you are a person before the law and Exxon or Ford is also a person, it is clear that the concept of democratic legitimacy lying with the individual has been mortally wounded.

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