Growth Quote by Paul Craig Roberts
“The concentration of U.S. income and wealth in the hands of the very rich is a new development in my lifetime.”
About This Quote
Source Speech: Economic Commentary, 2015
Wealth is increasingly concentrated among a tiny elite, a trend unprecedented in the author's life.
In simple terms: Rich get richer, poor get poorer.
Advocate for policies that reduce extreme inequality.
Themes
Mood
Type
When to use this quote
- public policy debates
- financial planning
- educational curricula
Key Concepts
Questions to Reflect On
- What systemic changes could curb wealth concentration?
- How does this trend affect social mobility?
Addressing inequality may face strong political resistance.