Agw Quote by G.M.W. Wemyss
““Note, please, that I condemn only junk science (as does Mr Delingpole): this is in fact a measure of my, and his, regard for good science. Junk bonds do not, by their existence, condemn the existence of markets; crony capitalism – which is indissolubly tied to the ‘Green’ movement and its loudest advocates, who are bought and paid for by cronyism – does not condemn capitalism; junk science does not invalidate science as a discipline. Indeed, the greatest and most implacable enemies of junk bonds are and by rights ought to be traders; of crony capitalism, capitalists; and of junk science, those who hold true science in its just regard.””
About This Quote
Source Speech: Public commentary on finance and science, 2020
Distinguishes criticism of flawed practices (junk science, crony capitalism) from rejecting the underlying systems they corrupt.
In simple terms: Criticizing bad parts doesn’t reject whole fields.
Key Takeaway
Target the corrupt, not the whole system.
Themes
integrity
critique
systems
economics
science
Mood
critical
analytical
concerned
Type
philosophical
political
When to use this quote
- policy analysis
- investment decisions
- regulatory reform
- academic standards
Key Concepts
market failure
ethical finance
scientific rigor
Questions to Reflect On
- How to separate critique of practices from support of institutions?
- What safeguards prevent overgeneralization?
A Different Perspective
Critiques can be misread as blanket condemnation.
![“Sixty-five years ago [written 2009], in a brief lull between storms in a remarkably stormy June, even by the standards of Channel weather, the heirs of Harold and the kinsmen of the Conqueror came to Normandy. They were supported by the remnants of their first, North American, empire, the two…” quote by G.M.W. Wemyss](https://sms4smile.com/quotes/img-quotes/b2b/g-m-w-wemyss-29518_d-day_sixty-five-years-ago-written-2009-in-a-b_648164.jpg)
