A Quote by Marriner Stoddard Eccles

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

Marriner Stoddard Eccles

Quote Topics

Achieving Borrowing Buying Buying Power Consumption Could Credit Currently Distribution Distribution Of Wealth Drawn Fellows Few Game Giant Had Hands Implies Increasing Instead Kind Mass Mass Consumption Mass Production Men Only Other Out Portion Power Produced Production Provide Pump Ran Stay Stopped Turn Wealth

Quote Author

Marriner Stoddard Eccles
American - Banker
September 9, 1890 - December 18, 1977

The Second Wave Society is industrial and based on mass production, mass distribution, mass consumption, mass education, mass media, mass recreation, mass entertainment, and weapons of mass destruction. You combine those things with standardization, centralization, concentration, and synchronization, and you wind up with a style of organization we call bureaucracy.

Alvin Toffler

This is an age of mass production. In the mass production of materials a broad technique has been developed and applied to their distribution. In this age, too, there must be a technique for the mass distribution of ideas.

Edward Bernays

I knew that it is out of the question to have honest, economical government while a few are inordinately rich and the great mass of men are poor. In fact, it is to be doubted if anything really worthwhile can be done until there is a fairer distribution of wealth.

Clarence Darrow

The only way to make something cheaply today is to have it mass-produced. For example, you wear the same shoes as everyone else. If you had a fabber, you could custom-make shoes that perfectly fit your feet. Three-dimensional printing will help us move away from the mass consumption that is so deeply ingrained in our culture.

Hod Lipson

Mass consumption, advertising, and mass art are a corporate Frankenstein; while they reinforce the system, they also undermine it.

Ellen Willis

The next level of mass consumption - and India is known for its consumption story - is really going to come from consumption in the rural areas. So that's going to throw up a lot of unique opportunities.

Ronnie Screwvala

Mass consumption, advertising, and mass art are a corporate Frankenstein; while they reinforce the system, they also undermine it. By continually pushing the message that we have the right to gratification now , consumerism at its most expansive encouraged a demand for fulfillment that could not so easily be contained by products.

Ellen Willis

The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution ?families that in 2013 had a net worth between $81,000 and $1.9 million ?held 43% of wealth in 1989 and only 36% in 2013.

Janet Yellen

Under the old social philosophy which had governed the Middle Ages, temporal, and therefore all economic, activities were referred to an eternal standard. The production of wealth, it distribution and exchange were regulated with a view to securing the Christian life of Christian men. In two points especially was this felt: First in securing the independence of the family, which can only be done by the wide distribution of property, in others words the prevention of the growth of a proletariat; secondly, in the close connection between wealth and public function.

Hilaire Belloc

Whether or not the standard of living made possible by mass production and in turn by mass circulation, is supported by and filled with the work of us hucksters, I guess is something that only history can decide.

Leo Burnett

I am totally in line with the fact that I think wealth distribution for carmakers needs to be redimensioned to allow labor to take a piece of that wealth distribution.

Sergio Marchionne

When the mass of men are dispossessed - own nothing - they become wholly dependent upon the owners; and when those owners are in active competition to lower the cost of production the mass of men whom they exploit not only lack the power to order their own lives, but suffer from want and insecurity as well.

Hilaire Belloc

The need for de-development presents our economists with a major challenge. They must design a stable, low-consumption economy in which there is a much more equitable distribution of wealth than in the present one. Redistribution of wealth both within and among nations is absolutely essential if a decent life is to be provided for every human being.

John Holdren

Mass production is nothing new. Weren't cathedrals built through mass production? The pyramids?... Paintings can be painted with the left hand, the right hand, someone else's hand, or many people's hands. The scale of production is irrelevant to its content.