Nothing Lasts Forever

by markdyal

“In March 1789 a subject of Louis XVI would have been highly skeptical if someone had spoken to him of revolution, assuming that he even understood what was at issue. He would have agreed that the situation was worrying, the the State coffers were empty, that debt interest was smoking up half of the money coming in, that 2 percent of the population owned the vast majority of the wealth, and that those privileged ones paid virtually nothing in taxes. He would have sighed at such inequality and oppression. But the throne – once sat upon by Clovis, Saint Louis, Henry IV, and Louis XIV – probably seemed to him more everlasting than the market economy does to people today.” Eric Hazan, First Measures of the Coming Insurrection, pg. 28