I myself have no doubt in the past tended to appear to many to be more concerned with the creation of wealth than with its distribution. I must confess that there is a degree of truth in this, but to the extent that it is true, it has been because of my conviction that the rapid growth of the economy, and the pressure that comes with it on demand for labour, both produces a rapid and substantial redistribution of income directly of itself and also makes it possible to assist more generously those who are not, from misfortune temporary or permanent, sharing in the general advance. The history of our last fifteen years or so demonstrates this conclusively.
John James CowperthwaiteRelated topics
advance appear comes degree distribution doubt general history last misfortune past possible rapid substantial truth wealth years labour redistributionRelated quotes
Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' - as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.
James K. Galbraith
But, whenever a portion of this facility we may suppose even the greatest Poet to possess, there cannot be a doubt that the language which it will suggest of him, must, in liveliness and truth, fall far short of that with is uttered by men in real life, under the actual pressure of these passions, certain shadows of which the poet thus produced, or feels to be produced, in himself. However exalted a notion we would wish to cherish of the character of a Poet, it is obvious, that, while he describes and imitates passions, his situation is altogether slavish and mechanical, compared with the freedom and power of real and substantial action and suffering.
William Wordsworth
The first attempt of a democracy which includes the previously disfranchised poor is to redistribute wealth and income, and this is exactly what the black South attempted. The theory is that the wealth and the current income of the wealthy ruling class does not belong to them entirely, but is the product of the work and striving of the great millions; and that, therefore, these millions ought to have a voice in its more equitable distribution; and if this is true in modern countries, like France and England and Germany, how much more true was it in the South after the war where the poorest class represented the most extreme case of theft of labor that the world can conceive; namely, chattel slavery?
W. E. B. Du Bois
Many hon. Members, I know, have studied the relevant documents which have been issued about German activities immediately after the last war. They show-I do not think anybody can doubt it-a devastating indictment of the complete absence of German sincerity from the very beginning in fulfilling any of the disarmament stipulations of the Treaty of Versailles. I believe it to be a fact that over the whole range of the disarmament stipulations of that Treaty the German military authorities practised ingenious, universal, and, let us admit it, to a certain extent successful evasion and obstruction at all possible points.
Anthony Eden
The contention that control over the instruments of production is everywhere undergoing a shift, away from the capitalists proper and toward the managers, will seem to many fantastic and naive, especially if we are thinking in the first instance of the United States. Consider, it will be argued, the growth of monopoly in our times, Think of the Sixty Families, with their billions upon billions of wealth, their millions of shares of stock in the greatest corporations, and their lives which exceed in luxury and display anything even dreamed of by the rulers of past ages. The managers, even the chief of them, are only the servants, the bailiffs of the Sixty Families. How absurd to call the servant, master!
James Burnham