“We grudge no man a fortune which represents merely his own power and sagacity exercised with entire regard to the welfare of his fellows. But the fortune must not only be honorably obtained and well used; it is also essential that it should not represent a necessary incident of widespread, even though partial, economic privation. It is not even enough that the fortune should have been gained without doing damage to the community. We should only permit it to be gained and kept so long as the gaining and the keeping represent beneﬁt to the community.”

— Theodore Roosevelt

1910s, The Progressives, Past and Present (1910)

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Theodore Roosevelt 445

American politician, 26th president of the United States 1858–1919

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“We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The New Nationalism (1910)
Variant: It is not even enough that the fortune should have been gained without doing damage to the community. We should only permit it to be gained and kept so long as the gaining and the keeping represent beneﬁt to the community.
Context: We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows. Again, comrades over there, take the lesson from your own experience. Not only did you not grudge, but you gloried in the promotion of the great generals who gained their promotion by leading their army to victory. So it is with us. We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community.

“We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The New Nationalism (1910)
Context: We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows. Again, comrades over there, take the lesson from your own experience. Not only did you not grudge, but you gloried in the promotion of the great generals who gained their promotion by leading their army to victory. So it is with us. We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community.

“The man who is fortunate in his choice of son-in-law gains a son; the man unfortunate in his choice loses his daughter also.”

Democritus Ancient Greek philosopher, pupil of Leucippus, founder of the atomic theory

Freeman (1948), p. 169

“What should we gain by a definition, as it can only lead us to other undefined terms?”

Ludwig Wittgenstein (1889–1951) Austrian-British philosopher

Source: 1930s-1951, The Blue Book (c. 1931–1935; published 1965), p. 26

“And should we not be guilty of consummate folly if we were to reject advantages which we cannot obtain otherwise, merely because they involve a greater gain to others than to ourselves?”

Samuel Butler (1835–1902) novelist

Source: Erewhon (1872), Ch. 25

“In the external, patience is some third element that must be added, and, humanly speaking, it would be better if it were not needed; some days it is needed more, some days less, all according to fortune, whose debtor a person becomes, even though he gained ever so little, because only when he wants to gain patience does he become one’s debtor.”

Sören Kierkegaard book Eighteen Upbuilding Discourses

Eighteen Upbuilding Discourses p. 168
1840s, Eighteen Upbuilding Discourses

“It is the fortunate who should extol fortune.”

Torquato Tasso (1544–1595) Italian poet

Though attributed to Tasso this is in fact from Goethe's Torquato Tasso, Act II, scene iii, line 115. In the original German: Das Glück erhebe billig der Beglückte!
Misattributed

“We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety.”

Robin Hahnel (1946) American economist

Source: Panic Rules!: Everything You Need to Know about the Global Economy, 1999, p. 105-6

“However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone and that more emphasis should have been placed on the 'lust for power' with economic gains seen as a means of exercising power rather an end in themselves.”

Peter Cain (1958) figure skater

Source: J. A. Hobson's Imperialism: A Study: A Centennial Retrospective (2002), p. 3-4.

“It is just so with personal liberty. The unlimited freedom which the individual property-owner has enjoyed has been of use to this country in many ways, and we can continue our prosperous economic career only by retaining an economic organization which will offer to the men of the stamp of the great captains of industry the opportunity and inducement to earn distinction. Nevertheless, we as Americans must now face the fact that this great freedom which the individual property-owner has enjoyed in the past has produced evils which were’ inevitable from its unrestrained exercise. It is this very freedom - this absence of State ‘and National restraint - that has tended to create a small class of enormously wealthy and economically powerful men whose chief object is to hold and increase their power. Any feeling of special hatred toward these men is as absurd as any feeling of special regard. Some of them have gained their power by cheating and swindling, just as some very small business men cheat and swindle; but, as a whole, big men are no better and no worse than their small competitors, from a moral standpoint. Where they do wrong it is even more important to punish them than to punish as small man who does wrong, because their position makes it especially wicked for them to yield to temptation; but the prime need is to change the conditions which enable them to accumulate a power which it is not for the general welfare that they should hold or exercise, and to make this change not only, without vindictiveness, without doing injustice to individuals, but also in a cautious and temperate spirit, testing our theories by actual practice, so that our legislation may represent the minimum of restrictions upon the individual initiative of the exceptional man which is compatible with obtaining the maximum of welfare for the average man.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The Progressives, Past and Present (1910)

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Theodore Roosevelt 445

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