This quote is a commentary on the nature of politics and the role of seasoned politicians. "Old politicians chew on wisdom past" refers to how experienced politicians often rely on their past knowledge and wisdom to make decisions. They "chew" on this wisdom, meaning they contemplate and reflect on it, using it as a guide in their political decisions and actions.

The second part of the quote, "And totter on in business to the last," suggests that these politicians continue to engage in their political duties, even as they age and despite the challenges they may face. "Totter on" indicates a sense of struggle or difficulty, but also perseverance. The phrase "to the last" suggests a sense of dedication and commitment until the end, regardless of the circumstances.

Applied to today’s world, this quote can be seen in many seasoned politicians who continue to serve in office despite their advancing age. They use their accumulated wisdom and experiences to navigate the complex world of politics, often sticking to traditional methods and ideologies. This can be both a strength, providing stability and continuity, and a weakness, potentially hindering progress and adaptation to new realities.

In terms of personal development, this quote could serve as a reminder of the value of past experiences and wisdom in decision-making. It also emphasizes the importance of perseverance and dedication to one’s duties or goals, even in the face of difficulties. However, it also serves as a cautionary note against becoming too rigid or stuck in past ways, highlighting the need for adaptability and openness to new ideas.