If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.
About this quote
- What does it mean?
- The text argues that wealth concentration results from exclusive privileges and financial systems, suggesting that dividing growth opportunities would reduce extreme poverty and wealth.
- In plain terms
- If everyone had a fair chance to get rich, rich and poor extremes would disappear.
- What can you take from it?
- Equal economic opportunity reduces extreme wealth gaps.
Where it applies
Putting it to work
Questions to consider
- Does equal opportunity guarantee equal outcomes?
- How do financial systems concentrate wealth?
Another view
This assumes wealth creation is a fixed pie that simply needs sharing.
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