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Economic Quotes

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Economic Quotes

“I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really believe that we have a sumptuary responsibility to make sure that life is decent for everybody in America, that you believe that society out to be broadly shared, and you believe that you can't have a real democracy unless you have a little bit, at least, of economic democracy.”

“A very high fraction of America's economic problems come not from our difficulties with education or globalization or competition with the Chinese or whatever. But they come from the fact that a small number of wealthy and powerful people who run dangerous and/or inefficient companies are able, through the use of money in the political process, to prevent the government from regulating them properly.”

“For more than 3,000 years, China and India accounted for half of the world's economic output. But then the Industrial Revolution gave North America and Europe 150 golden years. If you take the long-term perspective, our economic dominance has been more of an exception than the rule.”

“In times of economic distress, it's only natural for people - and Americans have done this for many years - to look for a scapegoat. Depending on where you live in this country, the scapegoats are either, frankly, Mexicans or Muslims. So, you know, God save you if you happened to be a Mexican Muslim in America right now.”

“The core of America is not racist. It is not hostile to women. It is increasingly offended by gay bashing. Yet it abhors government waste. It believes strongly in fiscal responsibility such as balanced budgets. It is pro-economic growth. It is concerned about the environment. It is intolerant of people on welfare who disdain the notion of work. But it wants poor kids to have school lunches and it wants to spend money to have good schools. In sum, most Americans are sensible, good-hearted, and prudent. The issue, then, is whether there is a political party that can welcome them home.”

“Unemployment in the sense of distress is widely disappearing. . . . We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poor-house is vanishing from among us. We have not yet reached the goal, but given a change to go forward with the policies of the last eight years, and we shall soon with he help of God be in sight of the day when poverty will be banished from this nation. There is no guarantee against poverty equal to a job for every man. That is the primary purpose of the economic policies we advocate”

“This Constitutional Republic called America is an historic aberration. Any honest student of history will note that the prevailing socio-economic system is feudalism, where a tiny minority control the vast majority of wealth, power, and resources. In doing so, they have absolute control over the 99% of the population. Power equals control.”

“Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in past generations in America, was through religion. The religions instilled guilt. ... And this guilt, derived from religion, has been a huge driver of a reliability ethos, which has been very helpful to economic outcomes for man.”

“What can Americans learn from the Olympics spectacle? According to the IMF, China will succeed America as the dominant economic power in the course of the next presidential term, so Howard Fineman, editorial director of the Huffington Post and MSNBC mainstay, was anxious to pick up tips. 'Brits long ago lost their empire,' he tweeted, 'but overall show us how to lose global power gracefully.' So there's that.”

“The dynamic ideal we call democracy, gradually growing up in the human heart for two-thousand five hundred years, at least, has now every opportunity to found the natural democratic state in these United States of America by way of natural economic order and a natural, or organic, architecture.”

“Watch the walls come down, whether it's in the South or on Wall Street. When the walls come down, what do we find? More markets, more talent, more capital and growth. Which means that the race and sex discrimination stunt economic growth. It's not good for capitalism. It's not good for America's growth. And it's not morally right.”

“The fact that you couldn't see Alfred Hitchcock's first film The Mountain Eagle, or that you couldn't see so many of F.W. Murnau's masterpieces, or that you couldn't see so many of Oscar Micheaux's really intriguing race melodramas, made with fierce independent spirit against all odds in '20s and '30s America. That stuff haunted me. They really did bring to life a sense of 20th Century history: cultural history, pop history, gender politics and race politics, socio economic history, all that stuff. It was bracing and instructive.”

“My hope is to get young people to think about ways that they can translate hip-hop's great cultural movement into political power that can change the conditions for America's young, so that young people upon graduating from high school who don't have economic means to go to college can realize other options beyond joining the military and fighting in wars that enrich corporations like Halliburton which should feel guilty about profiteering off of a war that is being fought on the backs of those locked out of America's mainstream economy.”

“I think people cast their votes for a number of reasons. I think if you look at your polls, you'll probably find that many, many people think that our views are closer to what they believe the future of America should be. That our views are closer on economic issues. And a lot of those polls come down to demographics, to age, to how much money you are making.”

“I remember Secretary of State [George] Shultz one day saying that America is an economic model for the world. I replied to him that America represents 5 percent of the world's population and consumes 30 percent of the world's energy. What if everyone in the world lives like Americans? Where do we get the energy for this standard of living?”

“It didn't seem to have relevance, except in Central America or South America, countries where the church was connected to the fight of the people for economic justice. That's why it was so interesting to find myself back with Sister Helen [in Dead Man Walking], this new breed of nuns who were making a difference in the community.”

“I think what Donald Trump is saying to people is that America has way more leverage at the negotiating table than America has used in the past. And whether you like it or not, the government and trade representatives have made the decision not to use that leverage. And it has had an economic impact on the lower and middle class.”

“This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.”