"In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many"
About this Quote
The real argument is in the mechanics: “the exaltation of a few must depress the many.” “Must” is the key word. Ferguson isn’t lamenting a moral failing that could be patched with better manners; he’s describing a logic of accumulation. If a small class is being “exalted” - elevated in wealth, influence, leisure, and political access - that elevation draws oxygen from somewhere. The many are “depressed” not only economically but socially: diminished bargaining power, narrowed horizons, reduced agency. It’s an early articulation of how formal rights can coexist with substantive domination.
Context matters. Writing in the Scottish Enlightenment, Ferguson watched Britain’s expanding empire and commercial boom reshape older civic ideals. His worry echoes a classical republican fear: that commerce breeds dependence and corrodes the citizen who can’t afford independence. The quote works because it refuses comforting contradictions. Rights on paper don’t negate power in practice; they can camouflage it.
Quote Details
| Topic | Equality |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Ferguson, Adam. (2026, January 16). In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many. FixQuotes. https://fixquotes.com/quotes/in-every-commercial-state-notwithstanding-any-129954/
Chicago Style
Ferguson, Adam. "In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/in-every-commercial-state-notwithstanding-any-129954/.
MLA Style (9th ed.)
"In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/in-every-commercial-state-notwithstanding-any-129954/. Accessed 22 Feb. 2026.







