The essence of a good society…is that every member, regardless of gender, race or ethnic origin, should have access to a rewarding life. Allowance there must be for undoubted differences in aspiration and qualification. Individuals differ in physical and mental facility, commitment and purpose, and from these differences come differences in achievement and economic reward. This is accepted.
In the good society, however, achievement may not be limited by factors which are remediable. There must be economic opportunity for all…And in the preparation for life, the young must have the physical care, the discipline, let no one doubt, and especially the education that will allow them to seize and exploit that opportunity. No one, from accident of birth or economic circumstance, may be denied these things; if they are not available from parent or family, society must provide effective forms of care and guidance.
The role of economics in the good society is basic; economic determinism is a relentless force. Only then opportunity will match aspiration, either great or small.
Very specifically, the good society must have substantial and reliable economic aspiration, either great or small.
Very specifically, the good society must have substantial and reliable economic growth-a substantial and reliable increase in production and employment from year to year.