We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation.
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About Will Durant
Will Durant was a 19th-century American historian, philosopher and writer. William James Durant was an American historian and philosopher, best known for his eleven-volume work, The Story of Civilization, which contains and details the history of Eastern and Western civilizations. It was written in collaboration with his wife, Ariel Durant, and published between 1935 and 1975. Read more on Wikipedia →
Themes
- History — Lessons from the past and the arc of human civilisation