Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
Adam SmithRead
Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.
Interpretation
The wealth of a few leads to significant poverty among many, creating social tension.
Adam Smith highlights the relationship between wealth and inequality, suggesting that great accumulation of property by a few is often accompanied by widespread poverty among the majority. This disparity leads to social unrest, as the poor, motivated by need and jealousy, may seek to challenge the possessions of the wealthy, escalating tensions in society.
In practice
This quote could be cited during a discussion on social justice at a community meeting.
Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Wherever there is great property, there is great inequality.
This is one of those cases in which the imagination is baffled by the facts.
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Defense is superior to opulence.
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.
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
The merchants will manage [commerce] the better, the more they are left free to manage for themselves.
Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.
People want economy, and they'll pay any price to get it.
Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.
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