a giant suction pump had by 1929 to 1930 drawn into a few hands an increasing proportion of currently produced wealth
https://www.goodreads.com/book/show/6620825-beckoning-frontiers
Mariner Eccles, "Beckoning frontiers", 1951 (Knopf)
a giant suction pump had by 1929 to 1930 drawn into a few hands an increasing proportion of currently produced wealth. This served then as capital accumulations. But by taking purchasing power out of the hands of mass consumers, the savers denied themselves the kind of effective demand for their products which would justify reinvestment of the capital accumulation in new plants. In consequence as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When the credit ran out, the game stopped