'There is no rule so sure as that one that the same mill that grinds out fortunes above a certain size at the top, grinds out paupers at the bottom.' -- speech in U.S. Senate April 4, 1932
About this quote
- What does it mean?
- Extreme wealth at the top is often created by poverty at the bottom.
- In plain terms
- Big fortunes mean poor people below.
- What can you take from it?
- Consider how wealth inequality shapes society.
Where it applies
Putting it to work
Questions to consider
- How is wealth distributed in your community?
- What creates wealth inequality?
Another view
It simplifies complex economic dynamics into a zero-sum view.
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