None are so old as those who have outlived enthusiasm.
Trade and commerce, if they were not made of Indian rubber, would never manage to bounce over the obstacles which legislators are continually putting in their way.
Interpretation
What this quote means
Thoreau suggests that trade and commerce are resilient and adaptable, able to overcome challenges posed by regulations and legislation.
In this quote, Thoreau uses the metaphor of Indian rubber to illustrate the flexibility and resilience of trade and commerce. He implies that despite the numerous obstacles that legislators create, such as regulations and laws, the dynamic nature of commerce allows it to recover and thrive, much like rubber bounces back after being stretched or compressed. It highlights the notion that while legislators may impose restrictions, the spirit of business is inherently robust and capable of overcoming hurdles.
Themes
In practice
Example use cases
In a business conference discussing the impact of regulations on startups.
More from Henry David Thoreau
All quotes βThrough want of enterprise and faith men are where they are, buying and selling and spending their lives like servants.
An early-morning walk is a blessing for the whole day.
Have no mean hours, but be grateful for every hour, and accept what it brings. The reality will make any sincere record respectable.
As every season seems best to us in its turn, so the coming in of spring is like the creation of Cosmos out of Chaos and the realization of the Golden Age.
That grand old poem called Winter
Similar quotes
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Developing economies may not have much control over the headwinds that they face today, but that does not mean that they are powerless. Much can be done not just to sustain moderate growth but also to secure a more prosperous and resilient future.
Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.