Wherever there is great property there is great inequality - Adam Smith

Hello, I am Adam Smith, an economist and philosopher best known for my work, The Wealth of Nations. Among the many observations I made about economies and societies, one stands out for its enduring relevance: "Wherever there is great property there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions." When I wrote this in the 18th century, I was observing the natural dynamics of early capitalist economies. Wealth, when concentrated in the hands of a few, left many in poverty. This inequality was not merely an economic phenomenon but also a moral and social one.