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Economy Quotes

“The old freedom sufficiently survives in the mind of the wage earner to give him the illusion that, while accepting insurance and maintenance from the capitalist state, he can still be a full citizen. He thinks he can have his cake and eat it too. He is mistaken. The great capitalists who procured these regulations from the politicians knew what they were at. They were catching their proletariat in a net, and now they hold it fast.”

ThinkingGivingMindStillsStatesWisdomPoliticsAcceptingEconomyCitizensPoliticianIllusionLiberalismCakeCapitalistRegulationMistakenCatchingMaintenanceProletariat
Book:Essays of a Catholic
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“The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.”

MenWellsPoliticsTermInterestingEconomyIssuesModernSecurityActivityDifficultyCreditProportionLiberalismBankingRivalsPledgeBanking SystemControllers
Book:The Crisis Of Civilization
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“The very large units of production and exchange have access to credit on a large scale, sometimes without any cover at all, merely upon the prospect of their success, and always upon terms far easier than are open to their smaller rivals. It is perhaps on this line of easier credit that large capital today does most harm to small capital, drives it out and ruins it.”

DoeSometimesTodayPoliticsTermLinesEconomyEasierProductionsCreditHarmAccessScalesRuinsLiberalismUnitsRivalsLarge Scale
Book:The Crisis Of Civilization
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“The society of Christendom and especially of Western Christendom up to the explosion, which we call the Reformation, had been a society of owners: a Proprietarial Society. It was one in which there remained strong bonds between one class and another, and in which there was a hierarchy of superior and inferior, but not, in the main, a distinction between a restricted body of possessors and a main body of destitute at the mercy of the possessors, such as our society has become.”

WisdomBodyPoliticsStrongClassEconomyMercyWesternSuperiorsLiberalismDistinctionOur SocietyOwnersInferiorsHierarchyExplosionsReformationChristendomDestituteStrong Bond
Book:The Crisis Of Civilization
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“The worship of the nation has been able to make men tolerate under its authority what they could never have tolerated from princes: a submission to rule, which, through sumptuary laws on food and drink, through conscription, through a cast-iron system of compulsory instruction for all on State ordered lines, and through a State examination at the gate of every profession, has almost killed the citizen's power to react upon that which controls him, and has almost destroyed that variety which is the mark of life.”

MenHas BeensStatesWisdomAbleLawPoliticsNationsLinesEconomyCitizensDrinkAuthorityWorshipMarkCastsProfessionDestroyedVarietyLiberalismIronGatesInstructionTolerateSubmissionExaminationCompulsoryFood And DrinkConscription
Author:Hilaire Belloc
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“To control the production of wealth is to control human life itself. To refuse man the opportunity for the production of wealth is to refuse him the opportunity for life; and, in general, the way in which the production of wealth is by law permitted is the only way in which the citizens can legally exist.”

MenWayHumansWisdomLawOpportunityPoliticsWealthEconomyCitizensProductionsRefuseHuman LifeLiberalism
Book:Belloc: A Biographical Anthology
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“Under the old social philosophy which had governed the Middle Ages, temporal, and therefore all economic, activities were referred to an eternal standard. The production of wealth, it distribution and exchange were regulated with a view to securing the Christian life of Christian men. In two points especially was this felt: First in securing the independence of the family, which can only be done by the wide distribution of property, in others words the prevention of the growth of a proletariat; secondly, in the close connection between wealth and public function.”

MenFirstsTwoDonePhilosophyAgeChristianPoliticsSocialFeltGrowthWealthViewsEconomyEconomicMiddleActivityEternalStandardsConnectionsFunctionIndependencePropertyProductionsWideChristian LifeLiberalismDistributionMiddle AgesPreventionProletariat
Author:Hilaire Belloc
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“When the mass of families in a State are without property, then those who were once citizens become virtually slaves. The more the State steps in to enforce conditions of security and sufficiency; the more it regulates wages, provides compulsory insurance, doctoring, education, and in general takes over the lives of the wage-earners, for the benefit of the companies and men employing the wage-earners, the more is this condition of semi-slavery accentuated.”

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Author:Hilaire Belloc
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“When the mass of men are dispossessed - own nothing - they become wholly dependent upon the owners; and when those owners are in active competition to lower the cost of production the mass of men whom they exploit not only lack the power to order their own lives, but suffer from want and insecurity as well.”

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Book:The Great Heresies
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“Wherever the Industrial system has reached its second generation it is threatened by two mortal perils. The first is the demand by an organized proletariat for sustenance without relation to the product of its labor; a demand which threatens the very existence of PROFIT (on the necessary presumption of which Capitalism reposes). The second, and immediately graver danger is that of a revolt for the confiscation of the means of production.”

FirstsMeanTwoWisdomPoliticsExistenceEconomyGenerationsDangerProductsDemandCapitalismLaborRelationProfitProductionsMortalsOrganizedLiberalismThreatenedPerilRevoltReposePresumptionProletariatSustenance
Author:Hilaire Belloc
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“The terror in which English capitalists now stand of organized proletarian resistance gives to the naturally protected craft organizations the power to receive the wages they demand. They act as they have been trained to act by capitalist society, which denies the doctrine of the Just Price, which proclaims work to be an evil and the goal of human endeavor to be the avoidance of it; which puts it up as an ideal that individuals should get as much money as they possibly can out of their fellows by any means in their power.”

GivingShouldHumansMeanHas BeensWisdomEvilPoliticsIndividualGoalEconomyDemandIdealsOrganizationFellowsTerrorDenyResistanceDoctrineCraftsOrganizedLiberalismEndeavorCapitalistProtectedWagesAvoidance
Author:Hilaire Belloc
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“We may not say to the poor: "You have a right to fight the rich merely because they are rich and in order to make yourselves less poor." We may say: "You have a right to fight to prevent the conditions of your life becoming inhuman," but we may not say, "You have a right to fight merely because you desire to have more and your opponent to have less."”

MayWisdomDesireOrderFightingPoliticsPoorEconomyRichConditionsBecomingOpponentsLiberalismInhuman
Author:Hilaire Belloc
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“One man in one mood will attack Industrial Capitalism for its destruction of beauty; another for its incompetence; another for the vileness of the men who chiefly prosper under it; another for its mere confusion and noise; another for its false values; it was until recently most fiercely attacked for its impoverishment of the workers, its margin of unemployment and the rest - indeed so fiercely that it was compelled to seek palliatives for the evil. With a mass of men it was attacked from a vague but strong sense of injustice; it allowed a few rich to exploit mankind.”

MenValuesEvilPoliticsStrongEconomyRichMankindHe ManMassCapitalismDestructionMereWorkersInjusticeMoodNoiseConfusionLiberalismOne ManVagueUnemploymentCompelledExploitsMarginsIncompetence
Author:Hilaire Belloc
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“In the midst of all these innumerable forms of a common protest and universal ill-ease there has grown up one definite body of doctrine whose adherents are called Communists and who desired the total subversion of what had been, hitherto unquestioned among civilized European men, the general doctrines of property and individual freedom.”

MenWisdomBodyFormPoliticsIndividualCommonEconomyUniversalPropertyIllDoctrineEaseLiberalismProtestMidstCivilizedCommunistDefiniteIndividual FreedomSubversion
Author:Hilaire Belloc
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“And these great natural rights may be reduced to three principal or primary articles: the right of personal security; the right of personal liberty; and the right of private property; because as there is no other known method of compulsion, or of abridging man's natural free will, but by an infringement or diminution of one or other of these important rights, the preservation of these, inviolate, may justly be said to include the preservation of our civil immunities in their largest and most extensive sense.”

MenMaySaidImportantWisdomThreePoliticsNaturalKnownLibertyEconomyRightsSecurityMethodPropertyPrimariesLiberalismFree WillArticlesPrincipalPreservationCompulsionPrivate PropertyImmunityNatural RightsPersonal LibertyInfringementPersonal Security
Book:Blackstone's Commentaries systematically abridged and adapted to the existing state of the law and constitution, with great additions. By Samuel Warren
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“The United States, or the American Republic, has a mission, and is chosen of God for the realization of a great idea. It has been chosen not only to continue the work assigned to Greece and Rome, but to accomplish a greater work than was assigned to either. In art, it will prove false to its mission if it do not rival Greece; and in science and philosophy, if it do not surpass it. In the State, in law, in jurisprudence, it must continue and surpass Rome.”

IfsHas BeensArtIdeasStatesPhilosophyLawPoliticsUnitedUnited StatesEconomyGreaterProveAccomplishMissionsChosenRealizationLiberalismRepublicRomeGreeceRivalsIn-lawsGreat IdeaJurisprudenceScience And PhilosophyGreece And Rome
Author:Orestes Brownson
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“The power of perpetuating our property in our families is one of the most valuable and interesting circumstances belonging to it, and that which tends the most to the perpetuation of society itself.”

WisdomPoliticsInterestingEconomyCircumstancesPropertyValuableOur FamilyLiberalismBelongingAncestryPerpetuating
Book:Revolutionary Writings: Reflections on the Revolution in France and the First Letter on a Regicide Peace
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“Whatever each man can separately do, without trespassing upon others, he has a right to do for himself; and he has a right to a fair portion of all which society, with all it combinations of skill and force, can do in his favor. In this partnership all men have equal rights; but not to equal things.”

MenWisdomPoliticsForceCan DoEconomyRightsSkillsEqualFairsFavorsCombinationLiberalismPortionsPartnershipEqual RightsTrespassing
Book:Delphi Complete Works of Edmund Burke (Illustrated)
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“There are two kinds of people in this world, my grandmother used to say: the Have's and the Have-not's, and she stuck to the Have's. And today, Señor Don Quixote, people are more interested in having than in knowing. An ass covered with gold makes a better impression than a horse with a packsaddle.”

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Book:Don Quixote
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“Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or "progress" sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.”

WayWisdomPoliticsCompanyEconomyProgressIndustryPeriodsCostFindingsLaborManagementUnionsProfitConsumersFixedLiberalismContractsSatisfyingNew WaysFluidityProfit Sharing
Author:John Chamberlain
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“All the controversialists who have become conscious of the real issue are already saying of our ideal exactly what used to be said of the Socialists' ideal. They are saying that private property is too ideal not to be impossible. They are saying that private enterprise is too good to be true. They are saying that the idea of ordinary men owning ordinary possessions is against the laws of political economy and requires an alteration in human nature.”

MenHumansSaidIdeasRealLawPoliticalUsedPoliticsEconomyIssuesImpossibleHuman NatureOrdinaryConsciousIdealsPropertyPossessionUsed To BeBeing TrueLiberalismEnterprisePrivate PropertyOrdinary ManAlterationsPolitical EconomyPrivate EnterpriseToo Good To Be True
Author:Gilbert K. Chesterton
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“For the mass of men the idea of artistic creation can only be expressed by an idea unpopular in present discussions - the idea of property... Property is merely the art of the democracy... One would think, to hear people talk, that the Rothschilds and the Rockefellers were on the side of property. But obviously they are the enemies of property; because they are enemies of their own limitations.”

PeopleThinkingMenArtIdeasPoliticsSidesEnemyEconomyDemocracyCreationMassPropertyArtisticLimitationDiscussionLiberalismArtistic Creation
Author:Gilbert K. Chesterton
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“At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency and the last to receive the benefit of its correction - is practically defenseless.”

FirstsMayWisdomLastsValuesEvilPoliticsEconomyProtectBenefitsProfitFinanceLiberalismMisfortunesCapitalistCurrencyHarvestInjuredAnticipateProperty RightsCorrectionsHoardingDefenselessFluctuationSpeculatorsMisfortunes Of Others
Book:Special message, August 8th, 1893. Extract from third annual message, December 2nd, 1895
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