Final answer:
The statement highlights the need for institutions that balance economic liberty with protection against oppression by the wealthy, ensuring equality. It implies that while markets can offer freedoms, without equitable institutions, discrimination and inequality can persist.
Step-by-step explanation:
The statement "This Equality requires Institutions so well adapted, as to prevent the Rich from oppressing those who are not so wealthy as themselves..." supports the concept of freedom from oppression by advocating for systems that protect against the wealthy exerting undue influence over those with fewer resources. It suggests that there should be a balance between the liberty to accumulate wealth and ensuring equality so that economic success does not lead to the marginalization or exploitation of others.
In the debate between liberty and equality, the statement points out the necessity of institutions to protect individuals from becoming victims to the disparities of wealth. It speaks to the idea that while economic liberty is important, it should not sacrifice the fundamental rights and freedoms of those who may not benefit from the same opportunities. Equality is positioned as a crucial aspect of ensuring that all members of society can pursue happiness and prosperity without fear of being oppressed.
The history of economic activities by minority groups, such as Jews and emigrant Chinese, shows that although markets can provide opportunities, without proper legal and social frameworks, discrimination can persist. The experiences post-Emancipation Proclamation and through the Civil Rights movement in the US illustrate that regulation and institutions are necessary complements to market forces to fully achieve freedom from oppression.