John Ruskin: Live Lending People
on Tuesday, August 4, 2020John Ruskin Money Quote saying everyone cannot be a banker to everyone else. John Ruskin said:
“People cannot live by lending money to one another” — John Ruskin
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John Ruskin seems to be criticizing the idea that an economy can be based solely on lending money between individuals and businesses. Ruskin appears to be suggesting that for people to truly “live,” the economy needs to be based on real production, trade, and the creation of goods and services, not just financial transactions like lending.
The best interpretation would be that societies cannot thrive in the long run if their economic systems are centered around accumulating wealth through interest and debt, rather than creating real value through work, innovation, and mutually beneficial exchange.
Birthday: February 8, 1819 – Death: January 20, 1900