Progressive quote2/22/2024 It would be foolish to be morally indignant with them on this account human nature, in the main and in the mass, is egoistic, and in most circumstances a fair dose of egoism is necessary for survival. “Oligarchies, throughout past history, have always thought more of their own advantage than of that of the rest of the community. Or schooling for children? Inadequate schools are not offset by the fact that London universities could field a football team of Nobel prize winners.” Can they get decently paid jobs or jobs at all? If they can't, don't brag about all those Michelin-starred restaurants and their self-dramatising chefs. What kind of lives are available to them? Can they afford to live there? If they can't, it is not compensation that London is also a paradise for the ultra-rich. But the test of the enormous wealth generated in patches of the capital is not that it contributed 20%-30% to Britain's GDP but how it affects the lives of the millions who live and work there. Of course it matters to all of us that London's economy flourishes. The end is what it does to the lives, life-chances and hopes of people. It needs a return to the conviction that economic growth and the affluence it brings is a means and not an end. All Rights Reserved.“But a progressive policy needs more than just a bigger break with the economic and moral assumptions of the past 30 years. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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