The Rich Can’t Get Richer Forever, Can They?

The Rich Can’t Get Richer Forever, Can They?

The Rich Can’t Get Richer Forever, Can They?

By / Finance / Monday, 26 August 2019 15:43

In 1831, Alexis de Tocqueville, at the age of twenty-five, was sent by France’s Ministry of Justice to study the American penal system. He spent ten months in the United States, dutifully visiting prisons and meeting hundreds of people, including President Andrew Jackson and his predecessor, John Quincy Adams. On his return to France, he wrote a book about his observations, “Democracy in America,” the first volume of which was published in 1835. Many of the observations have weathered well (he noted, for instance, how American individualism coexisted with conformism). Others have not. For example, Tocqueville, who was the youngest son of a count, was deeply impressed by how equal the economic conditions in the United States were.

 

Read more at New Yorker.

Author

NexPro Media Staff

NexPro Media Staff

Leave a comment

Please publish modules in offcanvas position.