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Economic Quotes

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Economic Quotes

“The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.”

Ends Country States Political Social Challenges Economic Drama Unions Historical Profound Financial Russia Ruins Soviet Soviet Union

Author:Jeffrey Sachs

“Unlike the American President's chronic problem of finding ways to give away the country's permanent economic surplus, Soviet Premier Nikita Khrushchev's was the problem of rationing permanent scarcity.”

Way Giving Country Problem President Economic Findings Permanent Soviet Scarcity Deprivation Surplus American President

Author:Elie Abel

“Like so many empires before it, the Soviet Union eventually imploded and fragmented, falling victim not so much to a direct military defeat as to disintegration accelerated by economic and social strains.”

Fall Social Economic Military Direct Victim Unions Defeat Empires Soviet Soviet Union Strain Fragmented Disintegration

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

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

“The Soviet Union and its empire disappeared in large part because its smokestack economy could no longer keep up with the technological progress of the world's major economic powers.”

World Economy Progress Economic Majors Unions Empires Soviet Technological Soviet Union Economic Power Technological Progress

Book:The Tragedy of Great Power Politics (Updated Edition)

Source: The Tragedy of Great Power Politics (Updated Edition)

“The Soviet Union, true to the Leninist principles of respect for the rights and national independence of all peoples great or small, has always been and is guided in its relations with other countries by the principles of mutual respect for territorial integrity and sovereignty, non-aggression, non-intervention in each other's internal affairs, equality and mutual benefits, peaceful coexistence and economic cooperation.”

“During the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model -- all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food.”

People Country America Millions Economy Economic Models Europe Unions Soviet Soviet Union Starving Famine 1930s Economic Systems Farmland

Book:Dismantling America and Other Controversial Essays (Large Print 16pt)

Source: Dismantling America and Other Controversial Essays (Large Print 16pt)

“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.”

“The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade.”

Country States Whole Government Results Economic Policy Trade Unions Following Soviet Collapse Soviet Union Restriction Risen Economic Policy

Author:Milton Friedman

“Communism wasn't a word that I thought of when I went to Cuba. The original Fidelistas were not Communists. They were graduate students at the university and law students. After the Fidelistas took over, they went to Washington and tried to get support from the U.S. government, which turned them down. They were in a desperate political and economic situation, so they took the offer from the Soviet Union. Communism was a matter of necessity.”

“One of the most violent attacks on the Church in the Soviet Union was under Kruschev when, during a period of economic and political liberalization, he attacked the Church to demonstrate to old Party members that he hadn't lost it.”

Political Lost Church Party Economic Periods Members Unions Violent Soviet Soviet Union

Author:George Pattison