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Economy Quotes

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Economy Quotes

“Overpopulation is the problem of the third and fourth World; over-consumption is the problem of the West. The average American child this year will consume as much of the world's resources as twenty children born in India. Deliberate and calculated waste is the central aspect of the American economy. We over-eat, over-buy, and over-built, spewing out our toxic wastes upon the earth and into the air.”

“I cite a good example, say, of agriculture, .. In agriculture we need to move with speed to bring to full utilization the land that is now in our possession. We need to curb aspects of corruption that are endemic in the economy. We need to be transparent in everything that we do. We need to be consistent in implementing the policies we would have agreed. And not implement policies one day and reverse them the other day.”

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“I see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work. And with the disappearance of its rentier aspect much else in it besides will suffer a sea-change. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain, and will need no revolution.”

“Possession properly has two faces, two aspects: we all have a right to private property, but this is accompanied by our responsibility for its righteous use. These two things (which should be inseparable) are frequently divided today. Everyone admits that the farmer who own a horse is obligated to feed and care for it, but in the case of stocks and bonds, we often forget that the same principle should prevail.”