Quote by Carroll Quigley

This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.

This persistence as private firms continued because it ensur

Summary

The quote suggests that private firms persist because they offer a level of anonymity and secrecy. People with significant public power are inclined to keep their actions hidden from the public, viewing public knowledge as a potential negative consequence akin to inflation. Thus, these individuals favor the privacy provided by private firms, enabling them to conduct their affairs discreetly and maintain their influential positions without attracting widespread attention or scrutiny.

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By Carroll Quigley

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