Company Quote by Philip Kotler
“Too much of the income gains go to too few people, even though all of the stakeholders worked together to make their companies successful. By failing to put enough income into more hands, the GDP grows slower and consumers manage to meet their needs by incurring high levels of debt.”
About This Quote
Source Book: Marketing Management, 15th edition, 2016
Wealth concentration limits broad consumer purchasing power, slowing economic growth and increasing debt among the masses.
In simple terms: Too much wealth in few hands hurts the economy.
Key Takeaway
Promote wider wealth distribution.
Themes
economics
inequality
consumer behavior
debt
Mood
analytical
concerned
Type
economic
strategic
When to use this quote
- corporate strategy
- public policy
- financial planning
- consumer credit
Key Concepts
distributional economics
market saturation
Questions to Reflect On
- How can businesses contribute to more equitable income sharing?
- What policies reduce debt while encouraging growth?
A Different Perspective
Wealth redistribution can be politically contentious.
