A Quote by Richard Ebeling

Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.

Richard Ebeling

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Being Better Capitalism Century Class Classes Creating Decades Did Doom Economic Educated Emergence Grew History Human Human History Income Instead Kept Life Lower Lower Class Middle Middle Class More More And More New Paying Perpetual Phenomenon Poverty Produced Rising Self Supporting Wealth Well Well-Being Worker

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Richard Ebeling
American - Author
Born: January 30, 1950

The initial 18th-, 19th-century intention was to give the less-educated lower classes a way to move up into this new, rising middle class, to enable them to fit in. So our view of language as being class-based is an unintended consequence of the drive to help educate rising businessmen.

Kory Stamper

Upward mobility across classes peaked in the U.S. in the late 19th century. Most of the gains of the 20th century were achieved en masse; it wasn't so much a phenomenon of great numbers of people rising from one class to the next as it was standards of living rising sharply for all classes. You didn't have to be exceptional to rise.

Ben Fountain

In a process that had begun in the 1980s and suddenly accelerated in the early 2000s ... [t]he peaks of great wealth grew higher, rising up beyond the clouds, while the valleys of poverty sank lower into perpetual shadow. The once broad plateau of the middle class eroded away into a narrow ledge, with the white-knuckled occupants holding on for dear life.

Barbara Ehrenreich

I'm excited about the emergence of tokens, and while I'm skeptical of many of the early projects being launched, I do believe we are seeing the emergence of an entirely new asset class that will foster the growth of a new investment community, a new set of social networks, and most importantly, a new class of technologies.

Meltem Demirors

I agree that income disparity is the great issue of our time. It is even broader and more difficult than the civil rights issues of the 1960s. The '99 percent' is not just a slogan. The disparity in income has left the middle class with lowered, not rising, income, and the poor unable to reach the middle class.

Eleanor Holmes Norton

..there is need for a person to be generally educated. Otherwise you shrivel up much too soon. Whether this means reading the bible (I read the New Testament every few years) or reading the great 19th century novelists (the greatest and shrewdest judge of people and of society who ever lived), or classical philosophy (which I cannot read-it puts me to sleep immediately), or history (which is secondary). What matters is that the knowledge worker, by the time he or she reaches middle age, has developed and nourished a human being rather than a tax accountant or a hydraulic engineer.

Peter Drucker

This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.

Bernie Sanders

I think the thing about capitalism is it's an evil necessity, capitalism. Communism has been tried and failed, and socialism, that doesn't work very well. Capitalism works, but the problem about capitalism is it does mean that a few individuals become very wealthy. Therefore, I think those individuals have enormous responsibility to redistribute that wealth either by creating new businesses or creating new jobs and making sure that money just doesn't lie in a bank account for future generations.

Richard Branson

The emergence of a new term to describe a certain phenomenon, of a new adjective to designate a certain quality, is always of interest, both linguistically and from the point of view of the history of human thought.

Logan Pearsall Smith

It looks like the age of the mass is behind us and the age of the individual is upon us. The chasm that now exists between new people and old organizations is destroying economic value and inhibiting the emergence of a new chapter of capitalism aligned with the needs of this new society. The new purpose of commerce is to provide the tools, platforms, and relationships, digital or human, that enable individuals to live the lives they choose.

Shoshana Zuboff

Adolescence was invented in the 19th century to enable middle-class families to keep their children out of sweatshops. But it has degenerated into a process of enforced boredom and age segregation that has produced one of the most destructive social arrangements in human history: consigning 13-year-old males to learning from 15-year-old males.

Newt Gingrich

The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.

Thomas Piketty

Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods.... Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas artisans had previously produced their goods and wares mostly for the aristocracy. Under capitalism every business wants to cater to the masses, for that is where the money is.

Thomas DiLorenzo

If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

Warren Buffett

If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

Warren Buffett

It's hard to improve our schools. It's hard to redistribute wealth created by the concentration of technological and financial power or to increase middle-class wages. But it might be easier to lower middle-class costs by building more housing.

Glenn Kelman

A Quote by Richard Ebeling

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