Quotessence
Home / Quotes / Quote by Julius Nyerere

Quote by Julius Nyerere

Author

Julius Nyerere
Julius Nyerere

Julius Kambarage Nyerere was a prominent Tanzanian politician, born on April 13, 1922, and passed away on October 14, 1999. He played a crucial role in the struggle for Tanzania's independence and became the first President of the United Republic of Tanzania in 1964. Nyerere advocated for Ujamaa, an economic model based on collectivism and self-sufficiency. He had a profound impact on politics and African affairs. more

You May Also Like

“I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person is an intelligent, rational, well-intentioned person: it is fantasy. We know that ... the market is subject to irrational optimism and pessimism, and is vindictive ... You're dealing with a crazy man ... Having got what he wants he will still kill you.”

“If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run. This is what we do all the time with other products-drugs, cars, electrical products and many others.”