Part V, Section X, Government, The Recurring Decimal, Decline of the Adamses, Royalty and All That Summary and Analysis

"Government" begins by arguing that government is based on ignoble elements; it is physical strength working through armies and involves deception. Ruling ideologies are often dressed-up superstitions. Pound then comments that democratic government cannot survive without letting bad people on the air. The best government is that which makes the best of a nation's intelligence; FDR was acceptable at this. Pound admires the Fascist intellectuals of Italy but the tax system is primitive and monetary knowledge basic. He then meanders into a discussion of various diffuse matters and aphorisms.

Pound believes that economics is "NOT" a cold subject. It bears more impact on human life than any other. He also deplores...