Henry Ittleson Quotes
It was once supposed that only the rich were entitled to luxury. Now we are beginning to see that participation in the benefits of the machine civilization must be as widespread as possible if any group is to have prosperity.
Henry Ittleson, *, C.I.T. CEO, Forbes, January 15, 1927
Sourced by: Eigen's Political and Historical Quotations
Almost all of the successful welfare states have also had a strong and successful capitalistic economy.
At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.