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Economic Quotes

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Economic Quotes

“We in the West have arranged our institutions to prevent the concentration of political power. … But we have failed utterly to prevent the concentration of economic power, or take account of how such concentration damages the conditions under which full human flourishing becomes possible (it is never guaranteed).”

Humans Political Economic Conditions Accounts Institutions West Damage Concentration Political Power Flourishing Economic Power

Book:Shop Class as Soulcraft: An Inquiry into the Value of Work

Source: Shop Class as Soulcraft: An Inquiry into the Value of Work

“Investment that only goes to enrich an already wealthy elite bent on monopolizing both economic and political power cannot contribute toward égalité and justice - the foundation stones for a sound democracy.”

Political Sound Justice Democracy Economic Stones Foundation Investment Wealthy Elites Bent Political Power Monopolizing

Author:Aung San Suu Kyi

“So my life and the life of my family has been completely disrupted in absolutely every way. But it's been worth it. It's uncovered a vast cesspool of illegitimate economic and political power in which the Church is immersed right up to its ears, and I intend to dive in headfirst and pull it out of there dripping wet for all the world to see -- no matter how long it takes, no matter whose feet get stepped on in the process, no matter how much it costs, no matter how great the personal sacrifice.”

“Radicals, on the other hand, want to advance from the jungle of laissez-faire capitalism to a world worthy of the name of human civilization. They hope for a future where the means of economic production will be owned by all of the people instead of just a comparative handful. They feel that this minority control of production facilities is injurious to the large masses of people not only because of economic monopolies but because the political power inherent in this form of centralized economy does not augur for an ever expanding democratic way of life.”

“Political power without economic power is sterile.”

Wisdom Political Politics Economy Economic Liberalism Political Power Economic Power

Author:Louis O. Kelso

“The political objective of universal capitalism is maximum individual autonomy, the separation of political power wielded by the holders of public office from economic power held by citizens, and the broad diffusion of privately owned economic power.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.”

“Our Founding Fathers well understood that concentrated power is the enemy of liberty and the rights of man. They knew that the American experiment in individual liberty, free enterprise and republican self-government could succeed only if power were widely distributed. And since in any society social and political power flow from economic power, they saw that wealth and property would have to be widely distributed among the people of the country. The truth of this insight is immediately apparent.”

“We live in a world in which celebrity recognition, media access, and power translate very quickly into political power and indeed economic power.”

World Political Economic Media Access Recognition Translate Political Power Economic Power

Author:Alexander Stille

“The fascinating thing to a dispassionate observer about the structure of life in the Soviet Union is that in their efforts to produce an unknown that we may let its ideologists call Socialism the Communist dictators have produced a brutal approximation of monopoly Capitalism, a system that has all the disadvantages of our own, with none of the palliatives which come to us from surviving competition and from the essential division of economic and political power which has so far made it possible for the humane traditions of the Western world to continue.”

“America, like Britain before her, is now the great defender of the Status Quo. She has committed herself against revolution and radical change in the underdeveloped world because independent governments would destroy the world economic and political system, which assures the United States its disproportionate share of economic and political power ... America's preeminent wealth depends upon keeping things in the underdeveloped world much as they are, allowing change and modernization to proceed only in a controlled, orderly, and nonthreatening way.”

“When economic power became concentrated in a few hands, then political power flowed to those possessors and away from the citizens, ultimately resulting in an oligarchy or tyranny.”

Hands Political Economic Citizens Tyranny Political Power Oligarchy Economic Power

Author:John Adams

“Worldwide, the twentieth century has seen the rise of extraordinary concentrations of economic and political power - evoking the people as the source of power while simultaneously privatizing its most meaningful exercise. Democracy always seems to be at least slightly elusive under such conditions.”

People Seems Political Democracy Economic Conditions Century Source Exercise Extraordinary Meaningful Concentration Twentieth Century Elusive Political Power Most Meaningful

Author:Thomas L. Dumm

“There must be an end to white monopoly on political power, and a fundamental restructuring of our political and economic systems to ensure that the inequalities of apartheid are addressed and our society thoroughly democratized.”

Ends Political White Economic Fundamentals Inequality Our Society Monopoly Apartheid Political Power Economic Systems Restructuring

Author:Nelson Mandela

“Are we prepared to take on the enormous political power of the billionaire class or do we continue to slide into economic and political oligarchy?”

Political Class Economic Prepared Enormous Slides Billionaire Political Power Oligarchy

Author:Bernie Sanders

“The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.”

Way Ends Home Bigs Jobs Political Risk Economic Streets Wall Losing Saving Savings Political Power Risk-taking Busting

Author:Robert Reich

“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.”

“Our courts provide a neutral forum for the adjudication of disputes under the law, not based on economic or political power, on race, on sex or any other personal characteristics.”

Law Political Sex Race Economic Court Characteristics Disputes Political Power Forums

Author:Jon Kyl