Endurance is nobler than strength, and patience than beauty.
John RuskinRead
Large fortunes are all founded either on the occupation of land, or lending or the taxation of labor.
Interpretation
Wealth is primarily derived from land, lending, or taxing work.
This quote by John Ruskin highlights the three main sources of substantial wealth in society: the ownership and exploitation of land, the practice of lending money that generates interest, and the taxation imposed on labor. It suggests that large fortunes are not just a result of individual talent or effort but are deeply rooted in systemic structures related to land use and economic practices.
In practice
In an economic discussion, this quote can help illustrate the foundations of wealth accumulation.
Endurance is nobler than strength, and patience than beauty.
In health of mind and body, men should see with their own eyes, hear and speak without trumpets, walk on their feet, not on wheels, and work and war with their arms, not with engine-beams, nor rifles warranted to kill twenty men at a shot before you can see them.
You talk of the scythe of Time, and the tooth of Time: I tell you, Time is scytheless and toothless; it is we who gnaw like the worm - we who smite like the scythe. It is ourselves who abolish - ourselves who consume: we are the mildew, and the flame.
To be able to ask a question clearly is two-thirds of the way to getting it answered.
See that your children be taught, not only the labors of the earth, but the loveliness of it.
A little thought and a little kindness are often worth more than a great deal of money.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
Our financial system is driven by a giant marketing machine in which the interests of sellers directly conflict with the interests of buyers.
Long experience, in the United States and in other advanced economies, has demonstrated that monetary policy is most successful when decisions are rendered independent of influence by elected officials.
Really, the proper study of economics is fulfilment, not consumption... It doesn't even matter if it's a green product or a green house... It's still consumption. What matters in this world is the fulfilment of people's needs and the fulfilment of their aspirations.
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. Β By comparison, the average real income of the other 95% of households grew less than 10%.
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