Of all those expensive and uncertain projects, however, which bring bankruptcy upon the greater part of the people who engage in in them, there is none perhaps more perfectly ruinous than the search after new silver and gold mines. It is perhaps the most disadvantageous lottery in the world, or the one in which the gain of those who draw the prizes bears the least proportion to the loss of those who draw the blanks: for though the prizes are few and the blanks are many, the common price of a ticket is the whole fortune of a very rich man.
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Chapter VII, Part First, p. 610Adam Smith
A great change is going on all over the civilized world similar to that infeudation which, in Europe, during the rise of the feudal system, converted free proprietors into vassals, and brought all society into subordination to a hierarchy of wealth and privilege. Whether the new aristocracy is hereditary or not makes little difference. Chance alone may determine who will get the few prizes of a lottery. But it is not the less certain that the vast majority of all who take part in it must draw blanks. The forces of the new era have not yet had time to make status hereditary, but we may clearly see that when the industrial organization compels a thousand workmen to take service under one master, the proportion of masters to men will be but as one to a thousand, though the one may come from the ranks of the thousand. "Master"! We don't like the word. It is not American! But what is the use of objecting to the word when we have the thing? The man who gives me employment, which I must have or suffer, that man is my master, let me call him what I will.
Henry George
Most men think dramatically, not quantitatively, a fact that the rich would be wise to remember more than they do. We are apt to contrast the palace with the hovel, the dinner at Sherry's with the workingman's pail, and never ask how much or realize how little is withdrawn to make the prizes of success. (Subordinate prizes — since the only prize much cared for by the powerful is power. The prize of the general is not a bigger tent, but command.)
Oliver Wendell Holmes
The first-known public lottery was sponsored by Augustus Caesar to raise funds for repairing the city of Rome; the first public lottery awarding money prizes, the Lotto de Firenze, was established in Florence in 1530.
Richard Arnold Epstein
Pulitzer Prizes are the preeminent mark of achievement in American journalism. As the prizes for reporting on Vietnam in defiance of official wishes show, they also point to the press's view of its role in society. That view has changed substantially over the more than eighty years of the Pulitzer Prizes' existence. Exposing official corruption on a local level had always been part of what journalists see as their function. But today, more than ever before, they are ready to write critically about the policies of the federal government, even in the once sacrosanct areas of foreign and national security affairs.
Anthony Lewis
As it is not to be imagined that the fornicator and the blasphemer can partake of the sacred Table, so it is impossible that he who has an enemy, and bears malice, can enjoy the holy Communion.… I forewarn, and testify, and proclaim this with a voice that all may hear! ‘Let no one who hath an enemy draw near the sacred Table, or receive the Lord’s Body! Let no one who draws near have an enemy! Do you have an enemy? Draw not near! Do you wish to draw near? Be reconciled, and then draw near, and touch the Holy Thing!’
John Chrysostom
Smith, Adam
Smith, Alexander
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