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Economic Inequality Quotes

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Economic Inequality Quotes

“Many white Americans of good will have never connected bigotry with economic exploitation. They have deplored prejudice, but tolerated or ignored economic injustice. But the Negro knows that these two evils have a malignant kinship. He knows this because he has worked in shops that employ him exclusively because the pay is below a living standard. He knows it is not an accident of geography that wage rates in the South are significantly lower than those in the North. He knows that the spotlight recently focused on the growth in the number of women who work is not a phenomenon in Negro life. The average Negro woman has always had to work to help keep her family in food and clothes.”

PovertyAfrican AmericansBlacksIncome InequalityEconomic Inequality
Book:Why We Can't Wait
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“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many simply have to work harder, in conditions that grow ever more insecure, to enrich the few. Democratic politics, which purports to enrich the many, is actually in the pocket of those bankers, media barons and other moguls who run and own everything.”

PoliticsWealthFreedomDemocracyMediaCapitalismEconomicsLabourUnited KingdomSocial ClassEconomic InequalityBanks2011Rupert Murdoch
Author:Charles Moore
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“For thousands of years, civilization did not lend itself to peaceful equalization. Across a wide range of societies and different levels of development, stability favored economic inequality. This was as true of Pharaonic Egypt as it was of Victorian England, as true of the Roman Empire as of the United States. Violent shocks were of paramount importance in disrupting the established order, in compressing the distribution of income and wealth, in narrowing the gap between rich and poor. Throughout recorded history, the most powerful leveling invariably resulted from the most powerful shocks. Four different kinds of violent ruptures have flattened inequality: mass mobilization warfare, transformative revolution, state failure, and lethal pandemics. I call these the Four Horsemen of Leveling. Just like their biblical counterparts, they went forth to “take peace from the earth” and “kill with sword, and with hunger, and with death, and with the beasts of the earth.” Sometimes acting individually and sometimes in concert with one another, they produced outcomes that to contemporaries often seemed nothing short of apocalyptic. Hundreds of millions perished in their wake. And by the time the dust had settled, the gap between the haves and the have-nots had shrunk, sometimes dramatically.”

WarWealthRevolutionPandemicEconomic InequalityEconomic Redistribution
Book:The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century
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“At the same time that the Mayor and City Council acted courageously and progressively in ridding the city of those monuments to a loathsome past, the new regime that removal celebrates, as some skeptics note, rests on commitments to policies that intensify economic inequality on a scale that makes New Orleans one of the most unequal cities in the United States. ... Local government contributes to this deepening inequality through such means as cuts to the public sector, privatization of public goods and services, and support of upward redistribution through shifting public resources from service provision to subsidy for private, rent-intensifying redevelopment (commonly but too ambiguously called "gentrification"). These processes, often summarized as neoliberalization, do not target blacks as blacks, and, as in other cities, coincided with the emergence of black public officialdom in and after the elder Landrieu's mayoralty and continued unabated through thirty-two years of black-led local government between two Landrieus and into the black-led administration that succeeded Mitch. Both the processes of neoliberalization and racial integration of the city's governing elite accelerated in the aftermath of Hurricane Katrina. It may seem ironic because of how the visual imagery of dispossession and displacement after Katrina came universally to signify the persistence of racial injustice, but a generally unrecognized feature of the post-Katrina political landscape is that the city's governing class is now more seamlessly interracial than ever. That is, or should be, an unsurprising outcome four decades after racial transition in local government and the emergence and consolidation of a strong black political and business class, increasingly well incorporated into the structures of governing. It has been encouraged as well by the city's commitment to cultural and heritage tourism, which, as comes through in Mayor Landrieu's remarks on the monuments, is anchored to a discourse of multiculturalism and diversity. And generational succession has brought to prominence cohorts among black and white elites who increasingly have attended the same schools; lived in the same neighborhoods; participated in the same voluntary associations; and share cultural and consumer tastes, worldviews, and political and economic priorities.”

DiversityRacismInequalityIntegrationMulticulturalismNew OrleansNeoliberalismEconomic InequalityHurricane KatrinaGentrification
Book:The South: Jim Crow and Its Afterlives
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“A CEO shouldn't get several hundred times the salary that the janitor is paid. An athlete shouldn't get several hundred times the salary that the waterboy is paid. A filmstar shouldn't get several hundred times the salary that the crew at the bottom are paid. I understand if you are not yet civilized enough to flatten the field completely – for you are an infantile species after all. But at the very least, do your best to reduce the gap - that is, if you intend to be human someday.”

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Book:Corazon Calamidad: Obedient to None, Oppressive to None
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“The most widely accepted measure for calculating income inequality is a century-old formula called the Gini coefficient. It's a gold standard for economists around the globe, along with the World bank, the CIA, and the Paris-based Organization for Economic Cooperation and Development. What it reveals is startling. Today the United States has the most unequal society of all developed nations. America’s level of inequality is comparable to that of Russia, China, Argentina, and the war-torn Democratic Republic of the Congo.”

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Book:Nomadland: Surviving America in the Twenty-First Century
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“Only a psychopath would ever think of doing these things, only a psychopath would dream of abusing other people in such a way, only a psychopath would treat people as less than human just for money. The shocking truth is, even though they now have most if not all of the money, they want still more, they want all of the money that you have left in your pockets, they want it all because they have no empathy with other people, with other creatures, they have no feeling for the world which they exploit, they have no love or sense of being or belonging for their souls are dead, dead to all things but greed and a desire to rule over others.”

Political PhilosophyDystopian FictionEconomic InequalityEconomics PhilosophyPolitical SatirePolitical TheoryPolitical ThrillerEconomic CollapseDystopian FutureDystopian ThrillerEconomics Society
Book:Corpalism
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“… our nation's truly critical problems are built into the very structure of the economic and political system; they are not something passing in the night that will go away even when we elect forward-looking leaders and actively pressure them to move in a different direction.”

AmericaEconomic Inequality2013Systemic FailureThe SystemLate Stage Capitalism
Book:What Then Must We Do?: Straight Talk about the Next American Revolution
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“When those who had been evicted went back to where they came from, they found their villages had disappeared under great dams and dusty quarries. Their homes were occupied by hunger-and policemen. The forests were filling up with armed guerrillas. They found that the wars from the edge of India, in Kashmir, Nagaland, Manipur, had migrated to its heart. People returned to live on city streets and pavements, in hovels on dusty construction sites, wondering which corner of this huge country was meant for them.”

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Book:Capitalism: A Ghost Story
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“The corporate system is interconnected and now share a common invested interest, the ability to control through business, the people. It is an inevitable path the parameters set will take the beast down following the easiest way to collective profits, to control the ones that provide them. It is also logical to protect your own, from ones that are shedding light through Art on the grey water they may have stepped into to reach their fullest profit potentials. It is the logical solution to what would be, just business. So the Matrix story albeit written to lift for all the ceiling of what is possible, has inevitably shined a light on the entire path that was chosen and the pre-chosen road ahead that collective corporations were on creating a separate state of politically connected elite and those seeking award through serving them. A natural progression of what was set in place from the beginning. The flaw was in the design of the collective corporate system, globally intertwined now, and immersed in politics, protecting its own, making the question real this time, how to balance the equation.”

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Book:The Frowny Face Cow
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“American society places tremendous importance upon egocentric behavior. Americans are encouraged to set ourselves apart from the group. Whereas in some societies it is an aberration to go against the whole, Americans celebrate the individual over the group. Public schools teach American grade school children that they are the captains of their destiny. American schools and society inculcate schoolchildren to measure their level of success in terms of individual accomplishments. A winner versus loser mentality prevails in American culture. Winners are the recipients of life’s economic awards. We are taught that possessing financial wherewithal will assist us attain exalted social status. Social status in turn allows select people to wield the power of influence. The silent audience consists of the economically deprived, the societal castaways whom we are taught to shun for lacking the temperament to succeed. A strong sense of self not only helps a person survive, but American society keeps score of a person’s economic victories and defeats. Americans measure the intrinsic value of our lives and recognize other people’s status principally in terms of each person’s relative economic resources.”

SuccessSuccessfulMoney QuotesEgocentricEconomic InequalitySocial StatusEgocentrism
Book:Dead Toad Scrolls
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“What is a just society? For the purposes of this book, I propose the following imperfect definition. A just society is one that allows all of its members access to the widest possible range of fundamental goods. Fundamental goods include education, health, the right to vote, and more generally to participate as fully as possible in the various forms of social, cultural, economic, civic, and political life. A just society organizes socioeconomic relations, property rights, and the distribution of income and wealth in such a way as to allow its least advantaged members to enjoy the highest possible life conditions. A just society in no way requires absolute uniformity or equality. To the extent that income and wealth inequalities are the result of different aspirations and distinct life choices or permit improvement of the standard of living and expansion of the opportunities available to the disadvantaged, they may be considered just. But this must be demonstrated, not assumed, and this argument cannot be invoked to justify any degree of inequality whatsoever, as it too often is.”

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Book:Capital and Ideology
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“Today, corporate campaigns continue to locate the fight in the economic arena by threatening to disrupt profit making, but not through workers withholding their labor. Instead, a new army of college-educated professional union staff bypass the strike and devise other tactics to attack the employer’s bottom line. New Labor’s over-reliance on corporate campaigns has resulted in a war waged between labor professionals and business elites. Works are no longer essential to their own liberation.”

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Book:No Shortcuts
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“The combination of economic inequality and economic segregation is deadly. It reinforces the advantages of those at the top while exacerbating and perpetuating the disadvantages of those at the bottom. Taken together, they shape not just inequality of economic resources, but also a more permanent and dysfunctional inequality of opportunity.”

Economic InequalityEconomic Segregation
Book:The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class—and What We Can Do About It
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“It may seem paradoxical that innovation should increase both the share of income of the richest 1 percent (top income inequality) and social mobility. Yet the comparison among different American states suggests that this is indeed the case. For example, if we compare California, currently among the most innovative states in the United States, with Alabama, which is among the least innovative, we find that the share of the state’s total income that goes to the top 1 percent is significantly higher in California than in Alabama. At the same time, social mobility is substantially higher in California than in Alabama.”

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Book:The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
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“The United States incarnates a more cutthroat form of capitalism, while the Scandinavian countries, and to a lesser extent Germany, are the representatives of a more cuddly capitalism. According to this view, insofar as innovation at the technological frontier relies on strong monetary incentives, the countries that aim for frontier innovation should forgo the goals of insurance and equality: in other words, they should renounce “cuddly capitalism” in favor of a “cutthroat” form of capitalism. As for the countries who choose cuddly capitalism, they would have no alternative but growth by imitation of technologies invented by the frontier countries. The “cuddly” countries provide their citizens with greater equality and insurance, but their growth depends ultimately on the growth of the “cutthroat” countries, which, one might say, work for the benefit of the rest of the world.”

CapitalismInnovationWelfare StateEconomic Inequality
Book:The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
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“Inequality is much cited for its baleful impacts. In this book, we see inequality as a consequence as much as a cause; if the rich are allowed to enrich themselves through unfair processes that hold down wages, and raise prices, then inequality will certainly rise. But not everyone gets rich that way. Some people invent new tools, drugs, or gadgets, or new ways of doing things, and benefit many, not just themselves. They profit from improving and extending other people’s lives. It is good for great innovators to get rich. Making is not the same as taking. It is not inequality itself that is unfair but rather the process that generates it.”

InnovationSocial JusticeEconomic InequalityPolitical EconomyRent Seeking
Book:Deaths of Despair and the Future of Capitalism
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“David saw the AI Revolution and online stock trading as potential solutions to the economic challenges faced by Black women and Black men. He genuinely believed that the reparations sought by Black people for the injustices of slavery and other crimes against their humanity are waiting patiently to be claimed in one place: Wall Street.”

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Author:David L. Wadley
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“Solving the population problem is not going to solve the problems of racism, of sexism, of religious intolerance, of war, of gross economic inequality. But if you don't solve the population problem, you're not going to solve any of those problems. Whatever problem you're interested in, you're not going to solve it unless you also solve the population problem. Whatever your cause, it's a lost cause without population control.”

IfsWarProblemLostCausesReligiousEconomicRacismPopulationSolveInequalitySexismIntoleranceGrossReligious IntoleranceEconomic InequalityOverpopulationPopulation ControlLost CausePopulation Problem
Author:Paul R. Ehrlich
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“The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little.”

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Author:Franklin D. Roosevelt
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“As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.”

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Book:An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan
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