I have three objections to my honourable Friend's wider proposal that exchange control powers be used to require the fixing of exchange by merchants on entering into both export and import contracts. The first is that I think it excessively paternalistic to require a merchant to protect himself against a risk he is prepared to take. Secondly, I think it wrong to impose a condition which is likely to cause one group of merchants a loss, for the purpose of providing the other group with protection at no cost to them. Thirdly, I do not think it is in fact practicable to enforce such a system. I am sorry to be so negative, but I am sure that the solution to my honourable Friend's problem should not depend on compulsion but on the provision of voluntary protection on insurance principles.
John James CowperthwaiteRelated topics
cause condition control cost enforce export import impose likely loss merchant problem purpose risk should sorry sure take three wrongRelated quotes
Forgoing privacy in a quest for absolute safety is as harmful to a healthy psyche and life of an individual as it is to a healthy political culture. For the individual, safety first means a life of paralysis and fear, never entering a car or airplane, never engaging in an activity that entails risk, never weighing quality of life over quantity, and paying any price to avoid danger. [...] A population, a country that venerates physical safety above all other values will ultimately give up its liberty and sanction any power seized by authority in exchange for the promise, no matter how illusory, of total security. However, absolute safety is itself chimeric, pursued but never obtained. The pursuit degrades those who engage in it as well as any nation that comes to be defined by it.
Glenn Greenwald
A presumption of equality may be contrary to present fact, and yet not contrary to a desideratum. We are not as a fact all equally fit to live, equally responsible, or equally deserving of the protection of the law: but it will hardly be doubted that it would be desirable if we were.
But further, the presumption of a desired condition is, in any group of plastic minds, a force tending to bring about the thing presumed, i. e., to create it. It aids a boy to reach maturity to treat him as if he were a little older than he is. A little older: for the presumption loses its effect if it is too wide of the actual fact. The fundamental presumptions of the law are justified on this basis and to this extent: if they are too wide of the truth to be creative, they are not justified.
William Ernest Hocking
The problem is this: Nature has assembled all these species on this planet. The human species is no more important than any other species on this planet. For some reason, man accorded himself a superior place in this scheme of things. He thinks that he is created for some grander purpose than, if I could give a crude example, the mosquito that is sucking his blood. What is responsible for this is the value system that we have created. And the value system has come out of the religious thinking of man. Man has created religion because it gives him a cover. This demand to fulfill himself, to seek something out there was made imperative because of this self-consciousness in you which occurred somewhere along the line of the evolutionary process. Man separated himself from the totality of nature.
Thomas Ligotti
Whoever visits some estates there, and witnesses the good-humored indulgence of some masters and mistresses, and the affectionate loyalty of some slaves, might be tempted to dream the oft-fabled poetic legend of a patriarchal institution, and all that; but over and above the scene there broods a portentous shadow - the shadow of law. So long as the law considers all these human beings, with beating hearts and living affections, only as so many things belonging to a master - so long as the failure, or misfortune, or imprudence, or death of the kindest owner, may cause them any day to exchange a life of kind protection and indulgence for one of hopeless misery and toil - so long it is impossible to make anything beautiful or desirable in the best regulated administration of slavery.
Harriet Beecher Stowe
I really have no claim to rank myself among fatalistic, materialistic, or atheistic philosophers. Not among fatalists, for I take the conception of necessity to have a logical, and not a physical foundation; not among materialists, for I am utterly incapable of conceiving the existence of matter if there is no mind in which to picture that existence; not among atheists, for the problem of the ultimate cause of existence is one which seems to me to be hopelessly out of reach of my poor powers. Of all the senseless babble I have ever had occasion to read, the demonstrations of these philosophers who undertake to tell us all about the nature of God would be the worst, if they were not surpassed by the still greater absurdities of the philosophers who try to prove that there is no God.
Thomas Henry Huxley