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The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.

Will Durant

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Will Durant
Age: 96 †
Born: 1885
Born: November 5
Died: 1981
Died: November 7
Historian
Philosopher
Writer
North Adams
Massachusetts
William James Will Durant
William James Durant
Ability
Equal
Vary
Freedom
Wealth
Morals
Natural
Results
Liberalism
History
Economy
Concentration
Economic
Factors
Recurs
Politics
Rate
Varies
Law
Result
Permitted
Moral
Laws
Regularly

More quotes by Will Durant

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The ego is willing but the machine cannot go on. It's the last thing a man will admit, that his mind ages.
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The finger that turns the dial rules the air.
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History repeats itself in the large because human nature changes with geological leisureliness.
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Caesar's armies marched on vegetarian foods.
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The soul of a civilization is its religion, and it dies with its faith.
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The past is not dead. Indeed, it is often not even past.
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In my youth I stressed freedom, and in my old age I stress order. I have made the great discovery that liberty is a product of order.
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Truth always originates in a minority of one, and every custom begins as a broken precedent.
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Civilizations come and go they conquer the earth and crumble into dust but faith survives every desolation.
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The fear of capitalism has compelled socialism to widen freedom, and the fear of socialism has compelled capitalism to increase equality. East is West and West is East, and soon the twain will meet.
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As to harmonizing the theory of evolution with the Biblical account of creation, I do not believe it can be done, and I do not see why it should be. The story of Genesis is beautiful, and profoundly significant as symbolism: there is no good reason to torture it into conformity with modern theory.
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The future never just happened. It was created.
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If we have never been amazed by the very fact that we exist, we are squandering the greatest fact of all.
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Never put a man in the wrong. He will hold it against you forever.
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Science tells us how to heal and how to kill it reduces our death rate in retail and then kills us wholesale in war but only wisdom - desire coordinated in the light of all experience - can tell us when to heal and when to kill.
Will Durant
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Tired mothers find that spanking takes less time than reasoning and penetrates sooner to the seat of the memory.
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It may be true that you can't fool all the people all the time, but you can fool enough of them to rule a large country.
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The great snare of thought is uncritical acceptance of irrational assumptions.
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Human progress having reached a high level through respect for the liberty and dignity of men, it has become desirable to re-affirm these evident truths
Will Durant
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The greatest question of our time is not communism vs. individualism, not Europe vs. America, not even the East vs. the West it is whether men can bear to live without God.
Will Durant