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Economy Quotes

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Economy Quotes

“Some representatives of monopolistic capitalism, sensing this evil in their system, have tried to silence criticism by pointing to the diffused ownership in the great corporations. They advertise, "No one owns more than 4 percent of the stock of this great company." Or they print lists of stockholders, showing that these include farmers, schoolteachers, baseball players, taxi drivers, and even babies.”

“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.”

“Monopolistic capitalism is to blame for this; it sunders the right to own property from responsibility that owning property involves. Those who own only a few stocks have no practical control of any industry. They vote by postcard proxy, but they have rarely even seen "their" company. The two elements which ought to be inextricably joined in any true conception of private property - ownership and responsibility - are separated. Those who own do not manage; those who manage; those who manage and work do not control or own.”

“The workmen in a factory may have a shadowy, unknown absentee "employer" - the thousands of individual owners of stock - whom "management" represents and tries to please by extra dividends. The workman's livelihood is at the disposition of strangers who make a single demand of their representatives: higher profits.”

“Faced with such insecurity, labor unions seek a solution in demands for higher wages, shorter hours, pensions, and such things. But this approach takes monopolistic capitalism for granted, and accepts the unnatural division between property and responsibility as permanent. A much more radical solution is apt to come, and this may take either of two forms.”

“A democracy flirts with the danger of becoming a slave in direct ratio to the numbers of its citizens who work, but do not own / or who own, but do not work; or who distribute, as politicians do, but do not produce. The danger of the "slave state" disappears in ratio to the numbers of people who own property and admit its attendant responsibilities under God. They can call their souls their own because they own and administer something other than their souls. Thus they are free.”

“To an American, that which deprives him of his freedom he regards as injustice, and that which allows him to enjoy that freedom he regards as justice. The concept of justice is as central to the totality of his being as freedom is, and this is not surprising, since the motivating idea behind the American Declaration of Independence was the fervent desire for justice.”

“In the USA, where so many people compete for one and the same thing, where job opportunities, residential facilities, and food resources have to be spread over so many people, the question of justice becomes more imperative than ever before if communal and individual life is to be made possible and enjoyable.”

“It appears it would be quite un-American not to be suspicious of the government or to distrust it. History has taught them a little too much about the tragic frailties of human governments, but it has also driven home to them that they must control firmly political and economic power, which, handed over to any government in their land, could be easily used to oppress them.”

“We hear a constant clamor for rights, rights, always rights, but so very little about responsibility. And we have forgotten God. The need now is for selflessness, for a spirit of sacrifice, for a willingness to put aside personal gains for the salvation of the whole Western world.”

“Our Twentieth Century has proved to be more cruel than preceding centuries, and the first fifty years have not erased all its horrors. Our world is rent asunder by those same old cave-age emotions of greed, envy, lack of control, mutual hostility which have picked up in passing respectable pseudonyms like class struggle, radical conflict, struggle of the masses, trade-union disputes.”

“Violence, less and less embarrassed by the limits imposed by centuries of lawfulness, is brazenly and victoriously striding across the whole world, unconcerned that its infertility has been demonstrated and proved many times in history. What is more, it is not simply crude power that triumphs abroad, but its exultant justification. The world is being inundated by the brazen conviction that power can do anything, justice nothing.”

“It should be the privilege of every worker to take advantage of all the improved methods of working that relieve him from the tedium and fatigue of purely mechanical toil, for by this means he gains leisure for the thought necessary to working out his designs, and for the finer touches that the hand alone can give. So long as he remains master of his machinery it will serve him well, and his power of artistic expression will be freed rather than stifled by turning over to it work it is meant to do.”

“We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.”

“The meaning of words had no longer the same relation to things... Reckless daring was held to be loyal courage; prudent delay was the excuse of a coward; moderation was the disguise of unmanly weakness; to know everything was to do nothing. Frantic energy was the true quality of man.”

“All revolutions more or less threaten the tenure of property: but most of those who live in democratic countries are possessed of property - not only are they possessed of property but they live in the condition of men who set the greatest store upon their property.”

“In democratic countries as well as elsewhere most of the branches of productive industry are carried on at a small cost by men little removed by their wealth or education above the level of those whom they employ.”

“Socialism is a dead horse.”

“Our Bill of Rights, the most precious part of our legal heritage, is under subtle and pervasive attacks... In the struggle between our world and Communism, the temptation to imitate totalitarian security methods must be resisted day by day... When the rights of any individual or group are chipped away, the freedom of all erodes.”

“A civilization is only a way of life. A culture is the way of making that way of life beautiful. So culture is your office here in America, and as no stream can rise higher than its source, so you can give no more or better to architecture than you are. So why not go to work on yourselves, to make yourselves, in quality, what you would have your buildings be?”