Higher Profit on Expanded Capital


will think outrageously, and in terms of syllogisms which presumably will make others suffer a great deal of mental anguish; such anguish, alas, has to be put up with. The empirical correlate of this anguish will be that in one or two federating states you will have to put up with a Marxist chief minister, elsewhere you will have to accept the pranks of a revivalist who shall sing the gospel of nineteenth century economic liberalism. Be reasonable, a two-party system after all, is not of any great distance from a one-party arrangement. Those enraptured by Dicey and Bryce should think again, for if, by a legislative fiat, you insist on reducing a dozen to two, the next obvious step would be to divide two by two; two into two could be shown to go. Superficially at least, that would be an easy enough operation. It would be easy, but catastrophic in its consequence. Those, whom the gods want to destroy, are persuaded to read tracts on the blessings of the two-party system. Or perhaps there are no wrong tracts in the wrong season in the wrong country; the trouble lies in assuming that you can act upon them, here and now. Read the classics, but, please, do not try to emulate their teachings; you will come a cropper. To be forewarned is to be forearmed; a cliche a day keeps avoidable turmoil away.