Every form of government tends to perish by an excess of its basic principles.
Isn’t this what’s happening in our current economic situation? The principles of capitalism, taken to an extreme (Wall Street AND Main Street greed) are becoming the means by which true capitalism is perishing. Excess has been the cause of our current economic meltdown.
This has provided the impetus for actions based on socialistic principles (the bailout) and opens the door for continued socialistic behavior (redistribution of wealth, socialized medicine, etc.). Can true socialism be far behind?
Personally, I don’t believe the problem lies with the principles of capitalism, only the excesses of them. It just proves that no man-ordered system of government is any better than the morality and character of its people. Which reminds me of another Durant quote:
“A great civilization is not conquered from without until it has destroyed itself from within.”