Balance Quote by Samuel B. Pettengill
“I have a feeling-as compelling as a religious conviction-that if industry will constantly pass on to the worker and the customer all the savings of labor-saving machinery and invention, rather than siphon them off into the pools of watered securities, it will by that process keep distribution and production in balance and go as far toward Utopia as our poor human natures will go or be driven.”
About This Quote
Source Speech: Economic Commentary, 1930s, United States
If productivity gains are shared with workers and consumers rather than hoarded, society moves toward a more equitable, near‑Utopian state, limited by human nature.
In simple terms: Sharing productivity benefits promotes fairness and balance.
Key Takeaway
Distribute savings to workers and customers.
Themes
economics
fairness
technology
Utopia
human nature
Mood
optimistic
reflective
Type
philosophical
political
When to use this quote
- labor negotiations
- policy making
- corporate profit sharing
- consumer pricing
- economic planning
Key Concepts
distribution
social equity
industrialization
Questions to Reflect On
- How can we ensure savings are passed on?
- What mechanisms prevent hoarding?
A Different Perspective
Assumes all parties will agree to share gains, which may face resistance.
