A Quote by Nick Hanauer

Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand.

Nick Hanauer

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Both Customers Demand Diminishing Exclude Growth High High Level Inequality Innovation Innovators Levels People Rising Toxic

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Nick Hanauer
American - Businessman
Born: 1959

Most people believe that inequality is rising - and indeed it has been rising for a while in a number of rich countries. And there is lots of talk and realization of this. It's harder to understand that at the same time, you can actually have global inequality going down. Technically speaking, national inequality can increase in every single country and yet global inequality can go down. And why it is going down is because very large, populous, and relatively poor countries like India and China are growing quite fast.

Branko Milanovic

We have a reversal of a longstanding trend, from rising inequality across nations and constant or declining inequality within nations, to declining inequality across nations and rising inequality within them.

Zygmunt Bauman

True education makes for inequality; the inequality of individuality, the inequality of success, the glorious inequality of talent, of genius.

Felix Schelling

When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead to high perpetuation of inequality over time and low mobility.

Thomas Piketty

What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.

Branko Milanovic

Rising inequality is a cultural and economic cancer on a lot of different levels.

Kevin Drum

Inequality hardens society into a class system. Inequality divides us from one another... Inequality undermines democracy.

George Packer

Inequality of women concerns both India and France, though it might have different manifestations in both the countries.

Najat Vallaud-Belkacem

It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.

Thomas Piketty

You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.

Thomas Piketty

I think markets are mechanisms that determine prices that are necessary for mass heterogenous populations, and markets do generate levels of technological innovation and productivity that is crucial. But when unregulated, they often generate levels of vast inequality and ugly isolation that makes it difficult for people to relate and connect with one another.

Cornel West

In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.

Branko Milanovic

We in America were worried about many problems dealing with economic inequality and political inequality. The Communist Party seemed to be the only political force, both concerned and willing, to take action to stop the threat of fascism abroad and to work for economic and political reform in this country.

Sidney Buchman

I think, unfortunately, we've always lived in a world of massive inequality: inequality between the haves and the have-nots, inequality between men and women that not only exists temporally but geographically as well.

O. T. Fagbenle

When I was poor and I complained about inequality they said I was bitter. Now I'm rich and I complain about inequality they say I'm a hypocrite. I'm starting to think they just don't want to talk about inequality.

Russell Brand

Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.

Noam Chomsky

A Quote by Nick Hanauer

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