When men, engaged in unjustifiable pursuits, are aware that obstructions may come from a quarter which bare apprehension of opposition from doing what they would with eagerness rush into if no such external impediments were to be feared.
As riches increase and accumulate in few hands, as luxury prevails in society, virtue will be in a greater degree considered as only a graceful appendage of wealth, and the tendency of things will be to depart from the republican standard. This is the real disposition of human nature; it is what neither the honorable member nor myself can correct. It is a common misfortunate that awaits our State constitution, as well as all others.
Interpretation
What this quote means
The quote reflects on how the concentration of wealth leads to the erosion of virtuous values in society and the principles of republicanism.
In this quote, Alexander Hamilton discusses the consequences of rising wealth inequality in society. He suggests that as riches become concentrated in the hands of a few, and as luxury becomes more prevalent, societal values may shift to view virtue as secondary to wealth. This shift indicates a departure from the ideals of republicanism, which emphasize equality and civic virtue, revealing a pessimistic view of human nature that he believes is beyond correction.
Themes
In practice
Example use cases
This quote could be used in a lecture on economics to illustrate the social consequences of wealth inequality.
More from Alexander Hamilton
All quotes →The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
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The people are turbulent and changing; they seldom judge right or make good decision.
The true principle of a republic is that the people should choose whom they please to govern them. Representation is imperfect, in proportion as the current of popular favor is checked. The great source of free government, popular election, should be perfectly pure, and the most unbounded liberty allowed.
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