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Economic Quotes

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Economic Quotes

“The stupidity of the average man will permit the oligarch, whether economic or political, to hide his real purposes from the scrutiny of his fellows and to withdraw his activities from effective control. Since it is impossible to count on enough moral goodwill among those who possess irresponsible power to sacrifice it for the good of the whole, it must be destroyed by coercive methods and these will always run the peril of introducing new forms of injustice in place of those abolished.”

“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”

“If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.”

“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.”

“Here we must distinguish between society and culture. A society can be interested in a man or woman only as a political or economic entity; a culture is interested in more. Culture means literally "to cultivate" or "to care for." Cultures care for their peoples as natural, spiritual beings and not simply as workers or consumers.”

“Any insistence on equal pay is crucial and any redefinition of work to include caregiving work so that it also has an economic value, at least at replacement level, that's crucial. So change does come from the bottom up, and it will come from girls and women and men who understand that for us all to be human beings instead of being grouped by gender is good for them, too.”

“But very early in life I became part of the majority culture and now don't think of myself as a minority. Yet the university said I was one. Anybody who has met a real minority - in the economic sense, not the numerical sense - would understand how ridiculous it is to describe a young man who is already at the university, already well into his studies in Italian and English Renaissance literature, as a minority.”

“The nature of the state is one thing, but there are other major challenges - what it will take to tackle the issues of social corruption, for example, social justice, and the economic system - and what are the future challenges when it comes to equality between the citizens, in particular in the field of the job market and equal opportunity for men and for women? This is at the centre of the question that is the Arab Awakening.”

“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.”