Our greatest leaders are neither dreamers nor dictators: They are, like Jefferson, those who articulate national aspirations yet master the mechanics of influence and know when to depart from dogma.
Jon MeachamRead
The perennial conviction that those who work hard and play by the rules will be rewarded with a more comfortable present and a stronger future for their children faces assault from just about every direction. That great enemy of democratic capitalism, economic inequality, is real and growing.
Interpretation
The belief that hard work and following rules leads to prosperity is challenged by increasing economic inequality.
Jon Meacham points out that the widely held belief in meritocracy, where hard work and adherence to societal rules guarantee success, is under threat due to the rising issue of economic inequality. This inequality undermines the notion that effort alone can secure a better life, especially for future generations, prompting a reevaluation of what constitutes fair reward in a democratic capitalist society.
In practice
During a community meeting discussing economic policies, this quote can be used to highlight the need for addressing inequality.
Our greatest leaders are neither dreamers nor dictators: They are, like Jefferson, those who articulate national aspirations yet master the mechanics of influence and know when to depart from dogma.
It would be wonderful if the public sector were always great, or always terrible; or if the private sector were always great, or always terrible. Alas, reality is more complicated than comforting caricatures. Governments fail, and corporations fail.
As crucial as religion has been and is to the life of the nation, America's unifying force has never been a specific faith, but a commitment to freedom - not least freedom of conscience.
A wise nation should cultivate a political spirit that allows opponents to cooperate without fearing an automatic execution from their core supporters. Who knew that the real rogues in American politics would be the ones who dare to get along?
One of the earliest resurrection scenes in the Bible is that of Thomas demanding evidence - he wanted to see, to touch, to prove. Those who question and probe and debate are heirs of the apostles just as much as the most fervent of believers.
Among the many problems with taking the Bible literally is it reduces the most mysterious and complex of realities to simple - even simplistic - terms. Yes, scripture speaks of fire and damnation and eternal bliss, but the Bible is the product of human hands and hearts, and much of the imagery is allegorical, not meteorological.
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.
Not only do unemployment benefits help families who are hurting; they also put money into their pockets that they'll then spend - and their spending will keep other Americans in jobs.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
China adopted a capitalist system in the 1980s, and they went from a 60% poverty rate to 10%.
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?
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