Economic Quote by Louis O. Kelso
“Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today to buy, pay for, and employ in their lives the non-human factor of production, capital.”
About This Quote
Source Book: Capitalism and Freedom? Louis O. Kelso, 1970
Private property can grant equal chance only when capital access is universal, otherwise inequality persists.
In simple terms: Capital access equals true opportunity.
Key Takeaway
Expand capital access.
Themes
economics
equality
property
Mood
thoughtful
optimistic
Type
policy
philosophical
When to use this quote
- housing markets
- small business financing
- education loans
- public infrastructure
- labor markets
Key Concepts
capital distribution
social justice
wealth creation
Questions to Reflect On
- How can capital be democratized?
- What policies ensure fair access?
A Different Perspective
Capital alone doesn't solve systemic barriers.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
