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" "If we could let go of our faith in money, who knows what we might put in its place?
Lewis Henry Lapham (January 8, 1935 – July 23, 2024) was an American writer. He was the editor of the American monthly Harper's Magazine from 1976 until 1981, and from 1983 until 2006. He also was the founder of the eponymous publication about history and literature entitled Lapham's Quarterly.
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Good intentions, like mother’s milk, are a perishable commodity. As wealth accumulates, men decay, and sooner or later an aristocracy that once might have aspired to an ideal of wisdom and virtue goes rancid in the sun, becomes an oligarchy distinguished by a character that Aristotle likened to that of “the prosperous fool”—its members so besotted by their faith in money that “they therefore imagine there is nothing that it cannot buy.”
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Let the rabbit of free enterprise out of its velveteen bag and too many people would have to be fired, too much idiocy exposed to the light of judgment or ridicule, too much vanity sacrificed to the fires of efficiency. Such a catastrophe obviously would threaten the American way of life, to say nothing of the belief in free markets.