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Locke’s State Of Corruption

If Locke’s political ideas are sometimes caricatured for picturing the state as a joint-stock company, this caricature seems nowhere more appropriate than in the birth of the Bank.  The scheme of Locke’s friend Halifax had made 1,272 individuals actual owners of the state.  Interestingly enough, Locke was among them. ~Isaac Kramnick, Bolingbroke & His Circle

If Locke’s political ideas are sometimes caricatured for picturing the state as a joint-stock company, this caricature seems nowhere more appropriate than in the birth of the Bank.  The scheme of Locke’s friend Halifax had made 1,272 individuals actual owners of the state.  Interestingly enough, Locke was among them. ~Isaac Kramnick, Bolingbroke & His Circle

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