Scottish-American economist Angus Deaton is well-known for his research on poverty, health, and consumption patterns. For his studies on how people spend their money, especially in developing nations, he was awarded the 2015 Nobel Prize in Economics.

Deaton's quotation emphasizes how crucial it is to comprehend various viewpoints regarding economic inequality. Consider two sides of a river. One side stands for those who think that inequality is essential to economic development and innovation, or even advantageous. Those on the opposing side believe that inequality is a serious issue that threatens social justice and cohesiveness.

According to Deaton, both sides must learn more about the perspectives on the other side in order to heal this division. The "left" must recognize the potential benefits of permitting a certain amount of economic inequality, such as rewards for diligence or technological investment. On the other hand, people on the "right" ought to be aware of and take action against the possible dangers that come with high levels of inequality, such as decreased social mobility or health inequalities.

According to Deaton, this understanding between the two parties is essential to enhancing public discourse regarding how societies can be more equitable while still promoting economic vitality. He supports a more nuanced discussion in which both parties recognize the difficulties in striking a balance between these conflicting ideals.

To help Americans better understand the effects of inequality, Deaton's perspective essentially promotes communication and education across ideological boundaries. This viewpoint is especially pertinent in the globalized world of today, where economic policies can have wide-ranging and complex effects.