Samuel Robert Piccoli – When news of the Battle of Saratoga reached Britain, a young Scottish barrister told economist Adam Smith: “If we go on at this rate, the nation must be ruined.” Adam Smith responded, “Be assured young friend, that there is a great deal of ruin in a nation.” By that, he meant that nations can absorb a lot more blows than the pessimists tend to think.
A few days ago, American Greatness had a very concerned article by Victor Davis Hanson on the future of America. After quoting Adam Smith’s answer at the beginning of the article, and after reviewing the ills that beset America, Hanson concluded his reflection with the following statement: “We have seen lots of cultural revolutions in this country, but never one that was so singularly focused on razing the foundations of America — until now. Yes, there is a lot of ruin in great nations. But even America is by now running low on it.” Continue reading