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to the effect that the energetic effort you might expect
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from those people who had been pushed down might increase
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the intensity of effort and competition in the economy.
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He then makes a series of gestures towards biological darwinism.
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To the effect that Britain led the industrial revolution
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because it had a disproportionate number of very able people,
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and the assumption here is that the rich
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were more able than the poor.
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It had a disproportionate number of very able people
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in all the levels of the pyramid.
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Now the empirics on that one are really thin.
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There's an awful lot of vapor in the intellectual process there.