makes economics simple – the rich get their money from the poor. (How the rich manage that since the poor, by definition, don’t have any money is beyond me. But never mind.) Real economics is too complicated for intellectuals to understand. Living in an ivory tower teaches few economic lessons – and even fewer now that intellectuals have banned the ivory trade. Marxism puts inarticulate notions of a sharing-caring nicer world into vivid propaganda slogans. Young people are not only penniless and powerless, they’re also ignorant as hell. They think of wealth as something that’s limited... Slogans such as: “From each according to his ability, to each according to his need.” Which may be the most ridiculous political- economic idea that anybody has ever had. My need is for beluga caviar, a case of Château Haut-Brion 1961, a duplex on Fifth Avenue overlooking Central Park, a bespoke suit from Gieves & Hawkes in Savile Row, a matched pair of Purdey 12-bore sidelock shotguns, and a 1962 Ferrari 250 GTO that recently sold at Sotheby’s Monterey auction for $48.4 million. My ability is... um... I have an excellent memory for limericks... There once was a man from Nantucket...
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American Consequences 9
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