Posts Tagged ‘marshall mcluhan’
Marshall McLuhan: Wealth Creates the Poor
on Wednesday, September 5, 2018Marshall McLuhan Money Quote saying Wealth creates the poor. Marshall McLuhan said:
“Affluence creates poverty” — Marshall McLuhan
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In this quote, Marshall McLuhan is making a paradoxical statement about the relationship between wealth and poverty in society. He seems to be suggesting that as affluence, or wealth, increases overall in an economy, it can inadvertently contribute to or even create greater poverty for some groups.
McLuhan may have been referring to how advanced economies tend to leave some people behind, as new technologies replace jobs and growing inequality leaves a portion of the population struggling despite general prosperity. His point could also relate to how overconsumption in affluent nations depletes global resources and exacerbates poverty in developing parts of the world.
So in McLuhan’s view, widespread affluence within a social system may end up producing more poverty as an unintended byproduct, through various economic and social changes brought on by growing wealth and modernization over time.
Birthday: July 21, 1911 – Death: December 31, 1980
Marshall McLuhan: Credit for the Poor
on Sunday, May 18, 2014Marshall McLuhan Money Quotation saying cash represents purchasing power to a poor man, just as credit cards – although without the flexibility. Marshall McLuhan said:
“Money is just the poor man’s credit card” — Marshall McLuhan
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In this quote, Marshall McLuhan is drawing a comparison between money and credit cards as different forms of economic power and means of purchasing goods. He suggests that money functions in a similar way to a credit card for those who have limited financial resources, as it allows people to obtain things they need in the present before having fully earned or saved the required funds.
Just as a credit card enables ongoing spending backed by future income or credit limits, money serves as a temporary stand-in that represents a person’s future ability to work, produce value and earn a living.
So McLuhan sees money as essentially acting as a “poor man’s credit card” in that it substitutes for more advanced forms of credit access that are typically only available to wealthier individuals or those with higher incomes and creditworthiness.
Birthday: July 21, 1911 – Death: December 31, 1980