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Economy Quotes

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Economy Quotes

“Doing the same things you did when the economy was good is not good enough. You will have to put more coals on the fire in a poor economy to get the same heat you received in a good economy. You must give more energy, more thought, more service, and get into positive thinking material more frequently. Become more selective about who you spend time with. Love a little more, hate a little less. Think about it. You can progressively move on an upward path toward any goal. The choice is yours as to who or what controls you!”

“When the press writes scare stories about the global labor supply draining jobs from rich to poor places, the story is usually presented as a "race to the bottom" simply in terms of wages. Capitalism supposedly looks for labor wherever labor is cheapest. This story is half wrong. A kind of cultural selection is also at work, so that jobs leave high-wage countries like the United States and Germany, but migrate to low-wage economies with skilled, sometimes overqualified workers.”

“Every effort therefore must be made to perpetuate prosperity. And, since that is to the advantage of the rich as well as the poor, all that accrues from the revenues should be collected into a single fund and distributed in block grants to those in need, if possible in lump sums large enough for the acquisition of a small piece of land, but if not, enough to start a business, or work in agriculture. And if that cannot be done for all, the distribution might be by tribes or some other division each in turn.”

“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."”

“Rather than providing him with economic opportunity, the Act of that name seems designed to make the poor man do penance all his life for the sin of being born into a non-capital-owning family... One searches it in vain for measure designed to provide economic opportunity to the capital owner. But nobody proposes to educate, train, or rehabilitate either him or his children, even when their "unemployment" is notorious.”

“A nation that will keep people in slavery for 244 years will "thingify" them and make them things. And therefore, they will exploit them and poor people generally economically. And a nation that will exploit economically will have to have foreign investments and everything else, and it will have to use its military might to protect them. All of these problems are tied together. What I'm saying today is that we must go from this convention and say, "America, you must be born again!"”

“Individual initiative alone and the mere free play of competition could never assure successful development. One must avoid the risk of increasing still more the wealth of the rich and the dominion of the strong, whilst leaving the poor in their misery and adding to the servitude of the oppressed.”

“For the rich men without scruple drew the estate into their own hands, excluding the rightful heirs from their succession; and all the wealth being centred upon the few, the generality were poor and miserable. Honourable pursuits, for which there was no longer leisure, were neglected; the state was filled with sordid business, and with hatred and envy of the rich.”

“Of the land which the Romans gained by conquest from their neighbours, part they sold publicly, and turned the remainder into common; this common land they assigned to such of the citizens as were poor and indigent, for which they were to pay only a small acknowledgment into the public treasury. But when the wealthy men began to offer larger rents, and drive the poorer people out, it was enacted by law that no person whatever should enjoy more than five hundred acres of ground.”

“If we are looking for one single action which will enable the poor to overcome their poverty, I would go for credit. Money is power. I have been arguing that credit should be accepted as a human right. If we can come up with a system which allows everybody access to credit while ensuring excellent repayment - I can give you a guarantee that poverty will not last long.”

“The essence of capitalism is expressed in two of its basic features: a) profit maximization and b) market competition. In their abstract formulations none of them was supposed to have anything conspiratorial against the poor. But in real life they turn out to be the "killers" of the poor - by making rich the richer and poor the poorer.”

“All to whom want is terrible, upon whatever principle, ought to think themselves obliged to learn the sage maxims of our parsimonious ancestors, and attain the salutary arts of contracting expense; for without economy none can be rich, and with it few can be poor.”

“A sustainable economy represents nothing less than a higher social order one as concerned with future generations as with our own, and more focused on the health of the planet and the poor than on material acquisitions and military might. While it is a fundamentally new endeavor, with many uncertainties, it is far less risky than continuing with business as usual.”

“Some people say that the West has a cruel history. These people also may see the achievements of Western countries - in terms of the economy, education, health, and social achievements - as a result of exploitation of poorer countries, including Arab countries. Western nations get rich by using resources such as Arab oil. Meanwhile, the countries supplying them raw materials remain poor. Due to such injustices, jealousies are created.”

“One of the greatest concerns that I had when I became President was the vast array of nuclear weapons in the arsenals of the United States and the Soviet Union and a few other countries, and also the great proliferation of conventional weapons, non-nuclear weapons, particularly as a tremendous burden on the economies of developing or very poor countries.”

“I believe in positive despotism. That means an exchange between people. I'm thinking about the fact that someone serves me breakfast in my bed. I can not see anything wrong in that. Because everything is a question of exchanges between people. Everyone has some specific possibilities and can to a certain extent do whatever they want. If one wants to become rich one can study economy and if one wants to be poor one can choose to become a professor in butterfly wings for example. So we can choose.”

“Capitalism lures us onward like the mechanical hare before the greyhounds, insisting that the economy is infinite and sharing therefore irrelevant. Just enough greyhounds catch a real hare now and then to keep the others running till they drop. In the past it was only the poor who lost this game; now it is the planet.”

“Property is surely a right of mankind as real as liberty. Perhaps, at first, prejudice, habit, shame or fear, principle or religion, would restrain the poor from attacking the rich, and the idle from usurping on the industrious; but the time would not be long before courage and enterprise would come, and pretexts be invented by degrees, to countenance the majority in dividing all the property among them, or at least, in sharing it equally with its present possessors.”

“Suppose a nation, rich and poor, high and low, ten millions in number, all assembled together; not more than one or two millions will have lands, houses, or any personal property; if we take into the account the women and children, or even if we leave them out of the question, a great majority of every nation is wholly destitute of property, except a small quantity of clothes, and a few trifles of other movables.”

“Ninety-seven percent of the CEOs of the Fortune 500 are white men, and what they do radiates all the way down into poor areas and cities around our country. Like predatory lending and misallocation of municipal services. These guys get municipal service, poor areas don't. So they run the economy into the ground, and who suffers the most? The poor pay more and they die earlier.”

“Suffering will always be there. You'll always have the poor. You have to own your own progress. It is true that because of the economy and the fear factor the president [Barack Obama] is able to execute a lot of promises that it would be difficult to deliver it not for the fear factor. It's funny. He's delivering on what he promised and we call it fear.”