Lincoln's purpose in promoting Whig capitalism was not self-interest per se, but capitalism's necessary connection to equality, self-transformation, … - Allen C. Guelzo

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Lincoln's purpose in promoting Whig capitalism was not self-interest per se, but capitalism's necessary connection to equality, self-transformation, and social mobility, which were Lincoln's real goals. The essence of a free society, Lincoln said in 1859 (and here he was pirating J.S. Mill's Principles of Political Economy), was the openness it afforded to each of its citizens to make of themselves whatever they could, without the handicap of artificial inequalities based on status, nationality, or race. One could not do this in an economic environment governed by status, racial stratification, or centralized planning. Lincoln loved the Declaration's affirmation of all men's natural equality; but that equality would be meaningless without the unfettered opportunity to use it for something. If a national bank, tariffs, and "international improvements" promoted these opportunities, then they really were serving the interests of the natural rights to life, liberty, and the pursuit of happiness.

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About Allen C. Guelzo

Allen Carl Guelzo (born 1953) is an American historian.

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Alternative Names: Allen Carl Guelzo
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Additional quotes by Allen C. Guelzo

Lincoln is, both culturally and in terms of his economic thinking, firmly and immovably located in the center of what we can call liberal democratic thought in the 19th century. He is very much market oriented, with tremendous confidence in the power of a capitalist society to transform for the better, and he believes in opening the possibilities of that society to as many as possible. To him, that’s what’s coterminous with liberty.

[A]s Americans, our identity does not rest on race, religion, blood, or soil, but on a historical proposition, that all men are created equal. Take that away, render it vain, illusory, or nugatory, and we lose all identity as Americans. And then what remains for us? The great Russian dissident Aleksandr Solzhenitsyn said that the first step a tyrant takes toward enslaving a people is to steal their history, for in that case, no one has anything from the past with which to compare the present, and any horror can be normalized.

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