What the author has quoted is a sentence fragment. The original sentence is neither simple nor elegant and it has all of that preliminary stuff about 'a well regulated militia being necessary for the common defense' preliminary to the simple and elegant fragment the author chose.

This quote appeared in this same forum a few months ago, attributed to JP Morgan. At least that time it was admitted that there was no written document which could actually link it to Morgan. Has anyone actually SEEN this "Civil Servants' Year Book" ? While it is easy for me to attribute this sentiment to many capitalists, it is at the same time hard for me to belive that any of them would be dumb enough to actually publish this under their own name. I suspect it is propaganda, Depression Era style.