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Notes and Reflections on Books and Media

by Hannah Leitheiser

Economic Class

#economics #book #capitalism

Wealth and Poverty: A New Edition for the Twenty-First Century

George Gilder



“apparent manifestations of racial and ethnic prejudice are in fact expressions of economic class -- the natural reluctance of higher classes to expose their children to lower class values. The more successful societies are in achieving equal economic opportunity, the more separate tend to be its classes. Integration and equal opportunity are inherently conflicting goals. There may have been more commingling of the races in southern slave society, than there is in contemporary American classes.”

“in order to escape such tensions, economic classes will seek out their own kind whenever possible and send their children to schools dominated by their own economic class”

“these realities...are crucial to the maintenance of a culture of upward mobility and economic growth. If a capitalist system is to expand, it must give social and educational rewards and reinforcements to middle-class discipline and morality. This means that successful families must take care in choosing their associates and those of their children. This process helps the poor by creating a distinctive culture of upward mobility which they may emulate and it helps the rich by transmitting upper-class discipline to their children. The breakdown of these disciplines hurt all.”

“parents who fail to warn their children of these pitfalls and....
should not be surprised if their children end up in the lower
class for the upper classes .”

“to accept and pander to lower class behaviors is to betray
the lower class and assign them to permanent poverty”

- George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)