'A successful economy depends on the proliferation of the rich, on creating a large class of risk-taking men who are willing to shun the easy channels of a comfortable life in order to create new enterprise, win huge profits, and invest them again.'
About this quote
- What does it mean?
- A successful economy needs many wealthy people who take risks to create enterprise and reinvest profits.
- In plain terms
- Economic success comes from rich people willing to risk money and start new businesses.
- What can you take from it?
- Encouraging wealth creation and risk-taking drives economic growth.
Where it applies
Putting it to work
Questions to consider
- Does concentrating wealth necessarily help an economy?
- How much risk should entrepreneurs take?
Another view
This view assumes wealth proliferation is the primary driver of economic health.
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