I don't believe that economic equality is possible; indeed…
“I don't believe that economic equality is possible; indeed some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economic inequality fuels competition and ambition, which can drive growth; some disparity is seen as a motivating force.
In simple terms: Inequality can motivate economic activity.
Balance incentives with fairness.
Themes
Mood
Type
When to use this quote
- policy debates
- business strategy
- personal finance
- public discourse
Key Concepts
Questions to Reflect On
- How much inequality is acceptable for growth?
- What alternative motivators exist?
Too much inequality can harm social cohesion and fairness.