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Economic Quotes

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Economic Quotes

“Modernity is the ensemble of changes - intellectual, political, economic, social, cultural, technological, aesthetic - that have altered the world drastically since roughly the 17th century, until which time the world was, in the above respects, far less different from the world of any previous epoch of recorded history than it is from the world of today. The modern predicament is the set of problems these changes have bequeathed us.”

“Reality is much more complex than any judgment of right and wrong encourages you to believe. When you really understand the ethical, spiritual, social, economic, and psychological forces that shape individuals, you will see that people's choices are not based on a desire to hurt. Instead, they are in accord with what they know and what world views are available to them. Most are doing the best they can, given what information they've received and what problems they are facing.”

“The economic system that the United States has is an evil empire. It's an economic system that's not fair, not just, and it's not democratic. And it will fall just like communism fell. The richest 1 percent now own 50 percent of the wealth. It didn't use to be that way. The average CEO 20 years ago made 20 times as much as the average employee. Now they make 212 times as much.”

“It would be especially tragic if the people who most cherish ideals of peace, who are most anxious for political cooperation on a wider than national scale, made the mistake of underestimating the pace of economic change in our modern world.”

“The major impediment to experiencing the sacred depths of ordinary moments is the speed and distraction of contemporary life that moves to the imperatives of the global economic order.In addition, we increasingly live in a virtual world in which our reality is filtered through media and information technology.”

“The Devil would be the best way out as an excuse for God; in that way he would be playing the same part as an agent of economic discharge as the Jew does in the world of the Aryan ideal. But even so, one can hold God responsible for the existence of the Devil just as well as for the existence of the wickedness which the Devil embodies.”

“The Idea of Anti-imperialism is... to be considered on several grounds. First, it is traditionally pervasive in the United States, though given its most extreme form in anti-Western academe. Second, it is used as a negative label for any effort by the United States, or the West, to encourage liberties, to block fanaticisms, and to make aid dependent on positive economic policies. Those concerned with the future development of their countries, and of the world, cannot afford to let obsolete resentments distort their aims.”

“So long as the great majority of the poor in any country are inert and are laboring without any hope in this world, the whole associated life of that community rests on an equivocal foundation. Its moral and social order is tied to an economic system which starves and mutilates the great majority of the population, and under such conditions its religion necessarily becomes a spiritual drug, administered for the purpose of subduing the popular discontent and relieving the popular misery.”

“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.”

“The world is hungry for the discoveries that young, leading-edge brain researchers are making in Ontario today. This collaboration will help them bring their best ideas to market, improving the quality of life for Ontarians while creating good jobs and promoting economic growth.”

“Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneur- ship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.”

“We do not have many women leaders in the world. But if you look at the current examples, most of those few female leaders that we have today lead their countries under the pressure of difficult political and economic circumstances. They all posses strong personalities and have real political influence on the domestic and international scene.”

“We said that each time a country is liberated it is a defeat for the world imperialist system. But we must agree that the break is not achieved by the mere act of proclaiming independence or winning an armed victory in a revolution. It is achieved when imperialist economic domination over a people is brought to an end.”

“Throughout the twentieth century and into the beginning of the twenty-first, the United States repeatedly used its military power, and that of its clandestine services, to overthrow governments that refused to protect American interests. Each time, it cloaked its intervention in the rhetoric of national security and liberation. In most cases, however, it acted mainly for economic reasons-specifically to establish, promote and defend the right of Americans to do business around the world without interference.”

“Materialism is not fundamentally an economic problem, but a cultural one... a spiritual issue. It runs to the depths of our souls, and, for this reason, needs to be understood less in terms of budgets or fiscal cycles and more in terms of where we locate the sacred, of where we search for meaning and transcendence, and of how we think about justice, equality, and the future of our world.”

“Two factors explain our success. One, MIT's renaissance after World War II as a federally supported research resource. Two, the mathematical revolution in macro- and micro-economic theory and statistics. This was overdue and inevitable, MIT was the logical place for it to flourish.”

“Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '”

“The free market exists to promote prosperity and human life, and that is what it has accomplished, splendidly, with breathtaking brilliance. In the industrialized world, the average person today enjoys a standard of living superior to that of kings and emperors of the past. The whole world's population is capable of enjoying the same marvelous results, if it adopts economic freedom.”

“A recent study by David Green and Laura Casper, 'Delay, Denial and Dilution,' written for the London-based Institute of Economic Affairs, concludes that the World Health Organization calculated that Britain has as many as 25,000 unnecessary cancer deaths a year because of under-provision of care.”

“Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.”

“The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.”

“The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.”