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.
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.
People stop buying things, and that is how you turn a slowdown into a recession.
There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications; there is investment in education; there is investment in families, particularly putting measures in place that free women from having to make the choice between raising a family and work.
What someone is paid has little or no relationship to what their work is worth to society.
In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be performed without such a resort.
Economic systems are not value-free columns of numbers based on rules of reason, but ways of expressing what varying societies believe is important.
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