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As mass production has to be accompanied by mass…

“As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of…” quote by Marriner Stoddard Eccles
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“As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.”

Marriner Stoddard Eccles

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Mass production requires mass consumption; wealth distribution becomes concentrated, forcing others into debt and collapse.

In simple terms: Mass production needs mass consumption, leading to wealth gaps.

Key Takeaway

Promote equitable distribution.

Themes

economics inequality debt

Mood

critical analytical

Type

Achieve:0 Borrowing:0 Buying:0 Buying power:0 Consumption:0 Credit:0 Distribution:0 Distribution of wealth:0 Fellows:0 Games:0 Giants:0 Hands:0 Kind:0 Mass:0 Mass consumption:0 Mass production:0 Men:0 Portions:0 Productions:0 Pumps:0 Ran:0 Turns:0 Wealth:0 Distribution Wealth:0 Produced Wealth:0 Consumption Mass:0

When to use this quote

  • business strategy
  • policy making
  • personal finance

Key Concepts

macro‑economics history

Questions to Reflect On

  • How can wealth be more evenly shared?
  • What alternatives to debt exist?
A Different Perspective

May overlook benefits of growth.

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