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Economic Quotes

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Economic Quotes

“The dynamic character of China's nonstatist economic transformation, including its social openness to the rest of the world, is not mutually compatible in the long run with a relatively closed and bureaucratically rigid Communist dictatorship.”

World Long Character Running Social Economic Transformation Including China Openness Communist Dictatorship Long Runs Compatible Dynamic Characters

Book:The Grand Chessboard: American Primacy And Its Geostrategic Imperatives

Source: The Grand Chessboard: American Primacy And Its Geostrategic Imperatives

“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.”

Firsts Hands Politics Wealth Pleasure Economy Economic Directors Obvious Credit Our Time Liberalism Owners Fund Immense Dictatorship Arbitrary Lending Trustees

Author:Pope Pius XI

“The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.”

Source: On reconstructing the social order: (Quadragesimo anno)

“The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations.”

“Fascism is the consequence of economic jam and dictatorship is the product of Fascism, for Fascism cannot be managed save by a dictator.”

Economic Products Consequence Fascism Dictatorship Dictator Jam

Author:John T. Flynn