John Kenneth Galbraith was undoubtedly one of the best economists the world has ever known. He was one of the few people who received the Medal of Freedom as well as the Presidential Medal of Freedom, during his lifetime. The French Government even bestowed him with the Commandeur de la Légion d'honneur title.
His views on economics and how it is interconnected with every sphere of life has be acclaimed and his views on why we are not being able to bridge the gap between the rich and poor hits the nail on the head.
Here is an excerpt from his speech which puts light on the actual issue of poverty.
“The problem is not economics; it goes back to a far deeper part of human nature. As people become fortunate in their personal well-being, and as countries become similarly fortunate, there is a common tendency to ignore the poor. Or to develop some rationalization for the good fortune of the fortunate. Responsibility is assigned to the poor themselves. Given their personal disposition and moral tone, they are meant to be poor. Poverty is both inevitable and in some measure deserved. The fortunate individuals and fortunate countries enjoy their well-being without the burden of conscience, without a troublesome sense of responsibility.”
Here are some inspirational quotes by John Kenneth Galbraith that will give you food for thought.