"Prices have stayed up because people in control of supply decided they could keep them up"
About this Quote
Prices don’t “stay up” by accident; they’re kept there by someone with leverage. Wilson’s line slices through the comforting idea that markets are natural weather systems, forever drifting toward fairness. He’s pointing a finger at the human hand on the valve: the people who own storage, shipping, inventories, land, credit, and the legal machinery that decides what counts as “scarcity” in the first place. It’s a plain sentence with a prosecutorial rhythm - not economics as math, but economics as motive.
The intent is less to describe inflation than to demystify it. “People in control of supply” is a deliberately vague roster: landlords limiting building, merchants hoarding grain, manufacturers coordinating output, colonial interests throttling trade. Wilson doesn’t need to name names because the subtext is structural. When supply is concentrated, high prices can be treated not as a problem to solve but as a policy to enforce, a choice dressed up as inevitability.
Context matters. In Wilson’s Britain, “high prices” weren’t an abstract complaint; they were political tinder. The early 19th century was shaped by war shocks, bad harvests, food riots, and fierce battles over protectionism and grain policy. Wilson’s sentence belongs to that public argument: if hunger and hardship are being justified as “the market,” then the market becomes a moral alibi. His real target is that alibi. The line works because it replaces mystique with agency - and agency with accountability.
The intent is less to describe inflation than to demystify it. “People in control of supply” is a deliberately vague roster: landlords limiting building, merchants hoarding grain, manufacturers coordinating output, colonial interests throttling trade. Wilson doesn’t need to name names because the subtext is structural. When supply is concentrated, high prices can be treated not as a problem to solve but as a policy to enforce, a choice dressed up as inevitability.
Context matters. In Wilson’s Britain, “high prices” weren’t an abstract complaint; they were political tinder. The early 19th century was shaped by war shocks, bad harvests, food riots, and fierce battles over protectionism and grain policy. Wilson’s sentence belongs to that public argument: if hunger and hardship are being justified as “the market,” then the market becomes a moral alibi. His real target is that alibi. The line works because it replaces mystique with agency - and agency with accountability.
Quote Details
| Topic | Money |
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