Will Durant Quote

In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty.

Will Durant

In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty.

Tags: socialism, wealth

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About Will Durant

William James Durant (; November 5, 1885 – November 7, 1981) was an American historian and philosopher, best known for his 11-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. He was earlier noted for The Story of Philosophy (1926), described as "a groundbreaking work that helped to popularize philosophy".
Durant conceived of philosophy as total perspective or seeing things sub specie totius (i.e., "from the perspective of the whole")—a phrase inspired by Spinoza's sub specie aeternitatis, roughly meaning "from the perspective of the eternal". He sought to unify and humanize the great body of historical knowledge, which had grown voluminous and become fragmented into esoteric specialties, and to vitalize it for contemporary application. As a result of their success, he and his wife were jointly awarded the Pulitzer Prize for General Nonfiction in 1968 and the Presidential Medal of Freedom in 1977.