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Quote by B. C. Forbes

Author

B. C. Forbes
B. C. Forbes

B. C. Forbes was an American journalist and publisher, born on May 14, 1880, and died on May 6, 1954. He is best known for founding Forbes magazine, which focuses on business, wealth, and investment. more

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“What made traditional economies so radically different and so very fundamentally dangerous to Western economies were the traditional principles of prosperity of Creation versus scarcity of resources, of sharing and distribution versus accumulation and greed, of kinship usage rights versus individual exclusive ownership rights, and of sustainability versus growth.”

“But our waste problem is not the fault only of producers. It is the fault of an economy that is wasteful from top to bottom-a symbiosis of an unlimited greed at the top and a lazy, passive, and self-indulgent consumptiveness at the bottom-and all of us are involved in it.”

“We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety.”