3 Howard Zinn Quotes on Economy

Howard Zinn quotes on economy

18. While some multimillionaires started in poverty, most did not. A study of the origins of 303 textile, railroad and steel executives of the 1870s showed that 90 percent came from middle- or upper-class families. The Horatio Alger stories of 'rags to riches' were true for a few men, but mostly a myth, and a useful myth for control.

19. One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country.

20. Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes.