“Concentrate your energy, thought and capital exclusively upon the business in which you are engaged... 'Don't put all your eggs in one basket' is all wrong. I tell you 'put all your eggs in one basket, and then watch that basket.'” WisdomPoliticsEnergyWatchesEconomyEngagedLiberalismEggsBasketsEggs In One Basket Author:Andrew Carnegie
“It is significant that the nationalization of thought has proceded everywhere pari passu with the nationalization of industry.” WisdomPoliticsEconomyIndustrySignificantLiberalism Author:Edward Hallett Carr
“We can't have these great corporations crowding competition off the sidewalks. It's like an elephant saying, "Everyone for himself," as he dances among the chickens.” PoliticsEconomyCompetitionCorporationsLiberalismChickensElephantsSidewalk Author:Emanuel Celler
“"From what I have seen here," remarked Sancho, "justice is so good a thing that even robbers find it necessary."” PoliticsJusticeEconomyLiberalismRobbers Book:Don Quixote Source: Don Quixote
“There are two kinds of people in this world, my grandmother used to say: the Have's and the Have-not's, and she stuck to the Have's. And today, Señor Don Quixote, people are more interested in having than in knowing. An ass covered with gold makes a better impression than a horse with a packsaddle.” PeopleWorldKindTwoWisdomTodayUsedPoliticsEconomyKnowingThis WorldGoldHorseStuckImpressionAssLiberalismGrandmotherCoveredMy Grandmother Book:Don Quixote Source: Don Quixote
“Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.” WorldYearsFirstsTwoWarWisdomCertainPoliticsEasyEconomyAmountHundredYears AgoIncreaseWar Of The WorldsLiberalismWorld War IiAdamWorld War IBusinessmanEconomistRigidityEasy Days Author:John Chamberlain
“But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.” StatesWisdomMovingPoliticsUnitedUnited StatesEconomyCarLowsLiberalismQuantitySteelInflationFluid Author:John Chamberlain
“Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or "progress" sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.” WayWisdomPoliticsCompanyEconomyProgressIndustryPeriodsCostFindingsLaborManagementUnionsProfitConsumersFixedLiberalismContractsSatisfyingNew WaysFluidityProfit Sharing Author:John Chamberlain
“All the controversialists who have become conscious of the real issue are already saying of our ideal exactly what used to be said of the Socialists' ideal. They are saying that private property is too ideal not to be impossible. They are saying that private enterprise is too good to be true. They are saying that the idea of ordinary men owning ordinary possessions is against the laws of political economy and requires an alteration in human nature.” MenHumansSaidIdeasRealLawPoliticalUsedPoliticsEconomyIssuesImpossibleHuman NatureOrdinaryConsciousIdealsPropertyPossessionUsed To BeBeing TrueLiberalismEnterprisePrivate PropertyOrdinary ManAlterationsPolitical EconomyPrivate EnterpriseToo Good To Be True Author:Gilbert K. Chesterton
“For the mass of men the idea of artistic creation can only be expressed by an idea unpopular in present discussions - the idea of property... Property is merely the art of the democracy... One would think, to hear people talk, that the Rothschilds and the Rockefellers were on the side of property. But obviously they are the enemies of property; because they are enemies of their own limitations.” PeopleThinkingMenArtIdeasPoliticsSidesEnemyEconomyDemocracyCreationMassPropertyArtisticLimitationDiscussionLiberalismArtistic Creation Author:Gilbert K. Chesterton