“By construction, the world of big data is siloed and segmented and segregated so that successful people, like myself - technologists, well-educated white people, for the most part - benefit from big data, and it's the people on the other side of the economic spectrum, especially people of color, who suffer from it. They suffer from it individually, at different times, at different moments. They never get a clear explanation of what actually happened to them because all these scores are secret and sometimes they don't even know they're being scored.” PeopleKnowsWorldWellsDifferentSometimesMomentsBigsSufferingSidesWhiteSecretSuccessfulClearHappenedEconomicColorBenefitsEducatedDataExplanationScoreConstructionSuccessful PeopleSpectrumDifferent TimesWell Educated Author:Cathy O'Neil
“Unfortunately, the Environmental Protection Agency (EPA) has been especially aggressive in pursuing regulations that specifically target coal power plants. These regulations have already put hundreds of Pennsylvanians out of work and will continue to cause economic distress while yielding negligible benefits for our environment.” Has BeensCausesEnvironmentEconomicBenefitsPlantEnvironmentalProtectionAgencyTargetAggressiveRegulationDistressCoalOur EnvironmentEnvironmental ProtectionPower PlantsEpa Author:Pat Toomey
“There's a diversion between economic reality - integration, global village, everybody depending on everybody else - and cultural reality, which is people feeling invaded, undermined, threatened, wanting to have "stand-your-ground" legislation all over the place. It's alarming because at the moment, the fear is outweighing the benefits, and that's partially because the benefits have been so unequally distributed that lots of people don't feel better off. They feel threatened, angry and despairing.” PeopleFeelsHas BeensMomentsFeelingsRealityEconomicBenefitsAngryVillageFeel BetterLegislationThreatenedIntegrationBetter OffDiversionGlobal VillageStand Your Ground Author:Duncan Green
“At a time when the European project is facing challenges, it's especially important to show the benefits of economic integration by continuing to invest in our people and working to reduce inequality, both within and across our countries.” PeopleImportantCountryShowsChallengesEconomicBenefitsProjectsOur CountryInequalityContinuingIntegrationFacing ChallengesEconomic Integration Author:Barack Obama
“Higher minimum wages, full-employment programs, early-childhood education: Those kinds of programs are, by design, universal, but by definition, because they are helping folks who are in the worst economic situations, are most likely to disproportionately impact and benefit African Americans. They also have the benefit of being sellable to a majority of the body politic.” KindHelpingBodySituationEconomicChildhoodWorstDesignHigherBenefitsProgramUniversalImpactMajorityFolksDefinitionsEmploymentAfrican AmericanMinimumWagesMinimum WageEarly ChildhoodEarly Childhood Education Author:Barack Obama
“Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact, none of the countries seems to have recovered the level that they had under communism, although the other countries in Eastern Europe are doing better than Russia and particularly the Czech Republic seems to be doing modestly well. East Germany I can't count because they have a rich uncle. You have economic benefits which have nothing to do with the workings of the system.” PeopleWellsI CanCountryFactsSeemsRunningLevelsRichEconomicProductsPeriodsBenefitsPercentEuropeEastRussiaCommunismGermanyRepublicCommunistOther CountriesUnclesEasternGrossEastern EuropeCzechEast GermanyGross Domestic ProductCzech Republic Author:Kenneth Arrow
“As we move toward the pluralist commonwealth, economic interventions that stabilize communities - for instance by localizing the flows of goods and services or by promoting worker ownership - not only have immediate practical benefits but provide the necessary preconditions for the growth and development of a renewed culture of sustainable democracy that can serve as the basis for still further transformations at larger scales.” StillsMovingCultureGrowthCommunityDemocracyEconomicDevelopmentBenefitsFlowBasesTransformationWorkersScalesPracticalsInstanceGoodsOwnershipInterventionPromotingCommonwealthGoods And Services Author:Gar Alperovitz
“I have argued tirelessly, nearly endlessly, in so many books, about the need for the social, the economic reconstruction of society. The demand that people be present themselves, that they contribute to the reorganization of society, that they own up to their own complicity in a system from which they derive benefit and advantage, often without acknowledgement, and the discomfort, the uncomfortable way in which that must be acknowledged.” PeopleWayNeedsBookSocialEconomicDemandBenefitsAdvantageUncomfortableDiscomfortReconstructionAcknowledgementComplicityReorganization Author:Michael Eric Dyson
“In Burma, economic engagement enriches the regime, as the economy is controlled by the regime. Economic engagement benefits this elite, not ordinary people. The money is spent on the military, stolen by the elite.” PeopleEconomyEconomicMilitaryBenefitsOrdinaryControlledEngagementRegimesElitesStolenOrdinary PeopleBurma Author:Zoya Phan
“The only people who steal are thieves, and that’s a very small percentage of civilization. Most people want to have some way to make the economic transaction valid. They want to return the favor, if you will… return the benefit and reciprocate...” PeopleIfsWayWantEconomicReturnCivilizationBenefitsFavorsStealingThievesPercentagesTransactionsReciprocate Author:Michael Nesmith
“Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher.” EnjoyLevelsEconomicHigherBenefitsResearchPercentWorkersCarefulInstanceExcessCompensationCoveragePrivate SectorPensionPremiumPublic SectorHealth Coverage Author:Bob Beauprez
“So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.” PeopleWantKindPresidentCuttingEconomicTaxesBenefitsHappeningsEuropeProgramRetirementPresident ObamaEnteringRecessionsHealth BenefitsRaising Taxes Author:Paul Ryan
“Who are benefits promised to, overwhelmingly? Well, they're promised to older people. And if you have a society like Europe that is upside down where there are a lot more older people than younger people, you have economic calamity.” PeopleIfsWellsEconomicBenefitsEuropeCalamityUpside DownOlder People Author:Rick Santorum
“Some solutions are relatively simple and would provide economic benefits: implementing measures to conserve energy, putting a price on carbon through taxes and cap-and-trade and shifting from fossil fuels to clean and renewable energy sources.” EnergySimpleEconomicSourceTaxesBenefitsSolutionsTradeCleanFuelCarbonFossilsShiftingCapsFossil FuelRenewable EnergyEnergy SourcesImplementingBurning Fossil FuelsRenewable Energy Sources Author:David Suzuki
“Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.” MenGivingHumorGovernmentPoliticsForceLibertyEconomyEconomicBenefitsExpensesInterference Book:The Ayn Rand Lexicon: Objectivism from A to Z Source: The Ayn Rand Lexicon: Objectivism from A to Z
“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.” IfsGivingPersonsDoeGovernmentLawLibertyEconomicCrimeCitizensBenefitsEconomicsLibertarianExpensesFreedom And LibertyFreedom LibertyProperty RightsWelfare StatePlunderEconomic FreedomLaw CourtsLegal Rights Book:The Law Source: The Law
“Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of additional growth in rich countries, such as global warming, biodiversity loss and roadways choked with cars, now likely exceed marginal benefits of a little extra consumption. The end result is that promoting further economic growth makes us poorer, not richer.” IfsWayLittlesRealEndsCountryWould BeGrowsGrowthWealthLossResultsRichWiseEconomicCarCostBenefitsCrisisPainfulInevitableThings To DoExtrasGlobal WarmingConsumptionDelayPromotingReconciliationExceedEconomic GrowthBiodiversityEnd ResultsRich CountriesReal Wealth Author:Herman E. Daly
“The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” IfsBelieveTwoNationsWealthSimplePartyEconomicKeysBenefitsGainsAssumingInsightLibertarianTendenciesFixedNeglectExpensesAdamPieFree MarketFallacyWealth Of Nations Book:Free to Choose: A Personal Statement Source: Free to Choose: A Personal Statement