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Author: Frederick Sheehan

The Old Regime and the French Revolution

On this 225th anniversary of liberté, égalit́́e, and fraternité, Alexis de Tocqueville’s The Old Regime and the French Revolution (L’Ancien régime et la revolution), published in 1856, is, if not as invigorating as La Marseillaise, a worthy reflection upon Bastille Day. Following are some excerpts from Chapter eight, which carries the subtitle: “How, given the facts set forth in the preceding chapters, the Revolution was a foregone conclusion”:

Confusion

In “All the Junk Food You Love is Pricier This Year,” Max Nisen writes on Quartz: “Chipotle’s [Grill – CMG: NYSE] food prices were up 34.5% last quarter in total, with big increases in [beef, cheese, avocado, and pork].” Chipotle’s CFO John Hurtung laments: “While we want to remain accessible to our customers, we’re at a point where we need to pass along these rapidly rising costs.” Chipotle’s stock price was $505 at the close on May 14, 2014, up from $49 at the great liftoff on March 9, 2009.

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