Quotation by Ralph Waldo Emerson

The best political economy is the care and culture of men; for, in these crises, all are ruined except such as are proper individuals, capable of thought, and of new choice and the application of their talent to new labor.
Ralph Waldo Emerson (1803–1882), U.S. essayist, poet, philosopher. "Wealth," English Traits (1856).

The crises Emerson refers to here are the cyclical depressions and recessions inherent in the capitalist system. He is specifically referring to the advent of new technologies and raw materials that supersede and then destroy existing industries and products, robbing workers of their jobs and, as Emerson puts it, sacrificing whole towns "like ant hills."
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