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.
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.
President Bush announced his new economic plan. The centerpiece was a proposed repeal of the dividend tax on stocks, a boon that could be worth millions of dollars to average Americans. Well, average stock-owning Americans. Technically, Americans who own a significant amount of shares in dividend-dealing companies. Well, rich people, that's what I'm trying to say. They're going to do really well with this.
People who are rich find it hard to understand the behavior of poor people. Economists are no exception, for they, too, find it difficult to comprehend the preferences and scarcity constraints that determine the choices that poor people make.
America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.
Economics, as it is often taught today, portrays us as homo economicus-someone who doesn't vote in presidential elections, doesn't return lost wallets, and doesn't leave tips when dining out of town. Julie Nelson reminds us that most people aren't really like that. She helps point the way to a richer, more descriptive way of thinking about economic life.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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