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" "Within the state we have made defense of the individual the obligation of the whole community, and by that fact have established such preponderance of power on the side of the law that it could never be good business to challenge it. And that fact has, in large measure, swept highwaymen from the roads and pirates from the seas.
Sir Norman Angell, born Ralph Norman Angell Lane, (26 December 1872 – 7 October 1967) was a British economist, lecturer, writer, Member of Parliament for the Labour Party, and winner of the Nobel Peace Prize in 1933.
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The elaborate financial interdependence of the modern world has grown up in spite of ourselves. Men are fundamentally just as disposed as they were at any time to take wealth that does not belong to them. But their relative interest in the matter has changed. In very primitive conditions robbery is a moderately profitable enterprise. Where the rewards of labor are small and uncertain, and where all wealth is portable, the size of a man’s wealth depends a good deal on the size of his club and the agility with which he wields it. But to the man whose wealth so largely depends upon his credit, dishonesty has become as precarious and profitless as honest toil was in more primitive times. The instincts of the City man may at bottom be just as predatory as those of the robber baron, but taking property by force has been rendered impossible by the force of commercial events.