A nation may present immense fortunes and extreme wretchedness, but unless those fortunes are territorial there is no aristocracy, but simply the class of the rich and that of the poor.
 Alexis de Tocqueville, Democracy in America (1835). copy citation

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Author Alexis de Tocqueville
Source Democracy in America
Topic aristocracy fortune
Date 1835
Language English
Reference
Note Translated by Henry Reeve
Weblink http://www.gutenberg.org/files/815/815-h/815-h.htm

Context

“Land is the basis of an aristocracy, which clings to the soil that supports it; for it is not by privileges alone, nor by birth, but by landed property handed down from generation to generation, that an aristocracy is constituted. A nation may present immense fortunes and extreme wretchedness, but unless those fortunes are territorial there is no aristocracy, but simply the class of the rich and that of the poor. All the British colonies had then a great degree of similarity at the epoch of their settlement. All of them, from their first beginning, seemed destined to witness the growth, not of the aristocratic liberty of their mother-country, but of that freedom of the middle and lower orders of which the history of the world had as yet furnished no complete example.
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