Final answer:
Mond's statement suggests that happiness often appears less exciting than dramatic misery, which people tend to prioritize and glorify. While some may argue that happiness is inferior to misery, the overcompensations for misery make it seem more desirable.
Step-by-step explanation:
When Mond says, 'Actual happiness always looks pretty squalid in comparison with the overcompensations for misery', he means that happiness often appears less exciting than dramatic misery. This statement suggests that people tend to prioritize and glorify misery over contentment due to societal and personal factors.
While some may argue that happiness is inherently inferior to misery, Mond's statement implies that the overcompensations for misery, such as attention, sympathy, and drama, make it seem more desirable than actual happiness.