Bank Quote by Owen Jones
“Our social model means economic growth all too often involves concentrating wealth produced by the many into the bank accounts of the few, without improving the lives of the majority.”
About This Quote
Source Speech: Public Lecture on Economic Inequality, 2018
Economic growth often concentrates wealth among a few while most see little benefit.
In simple terms: Growth can widen wealth gaps.
Key Takeaway
Address inequality, not just growth.
Themes
inequality
wealth distribution
economic policy
social justice
Mood
critical
concerned
Type
analytical
political
When to use this quote
- policy reform
- taxation
- community investment
- social welfare programs
Key Concepts
capital accumulation
public good
redistributive economics
Questions to Reflect On
- How can growth be made inclusive?
- What policies reduce wealth gaps?
A Different Perspective
Wealth concentration can also fund innovation and jobs if managed well.
![“In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth…” quote by Will Durant](https://sms4smile.com/quotes/img-quotes/6b1/will-durant-948_ability_in-progressive-societies-the-concentrati_2532010.jpg)
