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Author: William Graham Sumner
Publisher:
ISBN: 9781980371595
Category :
Languages : en
Pages : 27
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Book Description
KARL MARX says, "An accumulation of wealth at one pole of society indicates an accumulation of misery and overwork at the other."[1] In this assertion, Marx avoids the very common and mischievous fallacy of confusing causes, consequences, and symptoms. He suggests that what is found at one pole indicates, or is a symptom of what may be found at the other. In the development of his criticisms on political economy and the existing organization of society, however, Marx proceeds as if there were a relation of cause and effect in the proposition just quoted, and his followers and popularizers have assumed as an indisputable postulate that the wealth of some is a cause of the poverty of others. The question of priority or originality as between Marx, Rodbertus, and others is at best one of vanity between them and their disciples,[2]but it is of great interest and importance to notice that the doctrine that wealth at one pole makes misery at the other is the correct logical form of the notion that progress and poverty are correlative. This doctrine rests upon another and still more fundamental one, which is not often formulated, but which can be detected in most of the current socialistic discussions, viz., that all the capital which is here now would be here under any laws or institutions about property, as if it were due to some independent cause; and that some have got ahead of others and seized upon the most of it, so that those who came later have not been able to get any. If this notion about the source of capital is not true, then wealth at one pole cannot cause poverty at the other. If it is true, then we can make any regulations we like about the distribution of wealth, without fear lest the measures which we adopt may prevent any wealth from being produced.In Rome, under the empire, wealth at one pole was a symptom of misery at the other, because Rome was not an industrial state. Its income came from plunder. The wealth had a source independent of the production of the society of Rome. That part of the booty which some got, others could not have. No such thing is true of an industrial society. The wealth of the commercial cities of Italy and southern Germany, in the Middle Ages, was largely in the hands of merchant-princes. If one were told that some of these merchants were very rich, he would have no ground of inference that others in those cities must have been poor. The rich were those who developed the opportunities of commerce which were, in the first instance, open to all. What they gained came out of nothing which anybody else ever had or would have had.
Author: William Graham Sumner
Publisher:
ISBN: 9781980371595
Category :
Languages : en
Pages : 27
Get Book Here
Book Description
KARL MARX says, "An accumulation of wealth at one pole of society indicates an accumulation of misery and overwork at the other."[1] In this assertion, Marx avoids the very common and mischievous fallacy of confusing causes, consequences, and symptoms. He suggests that what is found at one pole indicates, or is a symptom of what may be found at the other. In the development of his criticisms on political economy and the existing organization of society, however, Marx proceeds as if there were a relation of cause and effect in the proposition just quoted, and his followers and popularizers have assumed as an indisputable postulate that the wealth of some is a cause of the poverty of others. The question of priority or originality as between Marx, Rodbertus, and others is at best one of vanity between them and their disciples,[2]but it is of great interest and importance to notice that the doctrine that wealth at one pole makes misery at the other is the correct logical form of the notion that progress and poverty are correlative. This doctrine rests upon another and still more fundamental one, which is not often formulated, but which can be detected in most of the current socialistic discussions, viz., that all the capital which is here now would be here under any laws or institutions about property, as if it were due to some independent cause; and that some have got ahead of others and seized upon the most of it, so that those who came later have not been able to get any. If this notion about the source of capital is not true, then wealth at one pole cannot cause poverty at the other. If it is true, then we can make any regulations we like about the distribution of wealth, without fear lest the measures which we adopt may prevent any wealth from being produced.In Rome, under the empire, wealth at one pole was a symptom of misery at the other, because Rome was not an industrial state. Its income came from plunder. The wealth had a source independent of the production of the society of Rome. That part of the booty which some got, others could not have. No such thing is true of an industrial society. The wealth of the commercial cities of Italy and southern Germany, in the Middle Ages, was largely in the hands of merchant-princes. If one were told that some of these merchants were very rich, he would have no ground of inference that others in those cities must have been poor. The rich were those who developed the opportunities of commerce which were, in the first instance, open to all. What they gained came out of nothing which anybody else ever had or would have had.
Author: William Graham Sumner
Publisher: Editions Le Mono
ISBN: 2366594208
Category : Social Science
Languages : en
Pages :
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Book Description
What Makes the Rich Richer and the Poor Poorer? Through this question, this book deals with the effect of capitalist competition on the social classes.
Author: Collection
Publisher: LM Publishers
ISBN: 9782366593754
Category :
Languages : en
Pages : 144
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Book Description
What Makes the Rich Richer and the Poor Poorer? Through this question, this book deals with the effect of capitalist competition on the social classes.
Author: Robert T. Kiyosaki
Publisher:
ISBN: 9781612680972
Category : Business & Economics
Languages : en
Pages :
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Book Description
It's Robert Kiyosaki's position that "It is our educational system that causes the gap between the rich and everyone else." He laid the foundation for many of his messages in the international best-seller Rich Dad Poor Dad -- the #1 Personal Finance book of all time -- and in Why the Rich Are Getting Richer, he makes his case... In this book, the reader will learn why the gap between the rich and everyone else grows wider. In this book, the reader will get an explanation of why savers are losers. In this book, the reader will find out why debt and taxes make the rich richer. In this book, the reader will learn why traditional education actually causes many highly educated people, such as Robert's poor dad, to live poorly. In this book, the reader will find out why going to school, working hard, saving money, buying a house, getting out of debt, and investing for the long term in the stock market is the worst financial advice for most people. In this book, the reader will learn the answers Robert found on his life-long search, after repeatedly asking the question, "When will we learn about money?" In this book, the reader will find out why real financial education may never be taught in schools. In this book, the reader will find out "What financially education is... really."
Author: Erik S Reinert
Publisher: PublicAffairs
ISBN: 1541762886
Category : History
Languages : en
Pages : 426
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Book Description
A maverick economist explains how protectionism makes nations rich, free trade keeps them poor---and how rich countries make sure to keep it that way. Throughout history, some combination of government intervention, protectionism, and strategic investment has driven successful development everywhere from Renaissance Italy to the modern Far East. Yet despite the demonstrable success of this approach, development economists largely ignore it and insist instead on the importance of free trade. Somehow, the thing that made rich nations rich supposedly won't work on poor countries anymore. Leading heterodox economist Erik Reinert's invigorating history of economic development shows how Western economies were founded on protectionism and state activism and only later promoted free trade, when it worked to their advantage. In the tug-of-war between the gospel of government intervention and free-market purists, the issue is not that one is more correct, but that the winning nation tends to favor whatever benefits them most. As Western countries begin to sense that the rules of the game they set were rigged, Reinert's classic book gains new urgency. His unique and edifying approach to the history of economic development is critical reading for anyone who wants to understand how we got here and what to do next, especially now that we aren't so sure we'll be the winners anymore.
Author: Stewart Lansley
Publisher: Policy Press
ISBN: 1447363205
Category : History
Languages : en
Pages : 318
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Book Description
This landmark book charts the rollercoaster history of both rich and poor, and the mechanisms that link them. Stewart Lansley examines the ideological rifts that have driven society back to the divisions of the past and asks why rich and poor citizens are still judged by very different standards.
Author: Benmore Abraham
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 134
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Book Description
THIS POWERFUL ENTREPRENEURIAL 'BLOW YOUR MIND' BOOK IS AN INCREDIBLE, GROUND BREAKING WORK OF DISCOVERY ON FINANCIAL EMPOWERMENT. IT GIVES YOU THE KEYS TO PULLING MANY OUT OF POVERTY AND ALSO GIVES VALUABLE INSIGHTS INTO THE WAYS YOU CAN CREATE YOUR FINANCIAL INDEPENDENCE BY LOOKING THROUGH THE ILLUMINATING LENS OF THE SEVEN BIBLE PARABLES OF WEALTH. YOU WOULD LEARN THE STEPS YOU MUST TAKE AND WHAT YOU MUST DO TO COME OUT OF A SYSTEM AND CULTURE THAT HOLD THE POOR DOWN AND BECOME FINANCIALLY SUCCESSFUL IN LIFE THROUGH THE PROCESSES OF MONEY MAKING AND MANAGEMENT, PROBLEM SOLVING AND VALUE CHAIN AND WEALTH CREATION. THIS BOOK IS BOUND TO CHALLENGE YOUR SITUATION, UNLEASH YOUR CREATIVE HUNGER AND ENERGY, AND ENDOW YOU WITH THE QUICKENING FAITH THAT LAYS HOLD ONTO THE GOOD, BEAUTIFUL AND EXCELLENT LIFE CHRIST MADE FREELY AVAILABLE TO ALL BELIEVERS
Author: Brian Keeley
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264246003
Category :
Languages : en
Pages : 120
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Book Description
Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.
Author: Jeffrey Reiman
Publisher: Routledge
ISBN: 131734295X
Category : Social Science
Languages : en
Pages : 296
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Book Description
Illustrates the issue of economic inequality within the American justice system. The best-selling text, The Rich Get Richer and the Poor Get Prison contends that the criminal justice system is biased against the poor from start to finish. The authors argue that even before the process of arrest, trial, and sentencing, the system is biased against the poor in what it chooses to treat as crime. The authors show that numerous acts of the well-off--such as their refusal to make workplaces safe, refusal to curtail deadly pollution, promotion of unnecessary surgery, and prescriptions for unnecessary drugs--cause as much harm as the acts of the poor that are treated as crimes. However, the dangerous acts of the well-off are almost never treated as crimes, and when they are, they are almost never treated as severely as the crimes of the poor. Not only does the criminal justice system fail to protect against the harmful acts of well-off people, it also fails to remedy the causes of crime, such as poverty. This results in a large population of poor criminals in our prisons and in our media. The authors contend that the idea of crime as a work of the poor serves the interests of the rich and powerful while conveying a misleading notion that the real threat to Americans comes from the bottom of society rather than the top. Learning Goals Upon completing this book, readers will be able to: Examine the criminal justice system through the lens of the poor. Understand that much of what goes on in the criminal justice system violates one’s own sense of fairness. Morally evaluate the criminal justice system’s failures. Identify the type of legislature that is biased against the poor.
Author: John C. Mutter
Publisher: Macmillan
ISBN: 1137278986
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
In the tradition of Naomi Klein's Shock Doctrine, a leading geoscientist argues that natural disasters too often push the modern world towards more extremes of inequality