Tuesday, March 26, 2013

Quotation of the day for March 26, 2013

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Quotation of the Day for March 26, 2013



"The two per cent of the people (one person in each fifty) who own sixty per cent of the wealth of the United States are no different from the other people of the country,--they are no more selfish, greedy or ferocious....

"The plutocrats, or wealth lords, are not savages, ogres or devils. They are men and women whose economic and social position makes them feel the "cohesion of wealth." Engaged in a common enterprise--the maintenance of a social system that enables them to live upon the labor of the masses--they will do anything and everything that will safeguard and protect that system."

- Scott Nearing, on the concentration of wealth in the U.S. at the start of the 20th century. [The submitter notes: what would Occupy Wall Street say about the two per cent?]

Submitted by: Mike Krawchuk
Mar. 18, 2013

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