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Wednesday, September 8, 2010

Plato: …they gain by their ruin

Posted by The Interest on January 31, 2009

Here’s a quote from Plato’s work called The Republic:

The rulers, being aware that their power rests upon their wealth, refuse to curtail by law the extravagance of the spendthrift youth because they gain by their ruin; they take interest from them and buy up their estates and thus increase their own wealth and importance.

The above is quoted from a translation by Robin Waterfield.  You can read the entire work at Google books.

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