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Economy Quotes

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Economy Quotes

“The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share of an economy that is barely growing at all.”

Economy Rich Growing Share Growing Economy

Author:Robert Reich

“Economy is for the poor; the rich may dispense with it.”

May Poor Economy Rich Frugality

Author:Christian Nestell Bovee

“We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.”

Littles Poor Money Economy Rich Doctrine Abandon Eighty Twentieth Century Little Money

Author:John Kenneth Galbraith

“The rich are not born sceptical or cynical. They are made that way by events, circumstances.”

Way Made Born Economy Rich Events Circumstances Cynical

Author:Paul Getty

“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.”

Source: The Culture of the New Capitalism

“There is one rule for the G-7 (richest countries) and another for the South. The G-7 now preaches open economies and liberalization, as well as 'good governance' and 'transparency'. Yet none of these things was conspicuous when the West grew rich.”

Wells Country Economy Rich Grew West South Governance Transparency Good Governance

Book:The No-nonsense Guide to World Poverty

Source: The No-nonsense Guide to World Poverty

“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.”

“Consider in what way the industrial system developed upon capitalist lines. Why were a few rich men put with such ease into possession of the new methods? Why was it normal and natural in their eyes and in that of contemporary society that those who produced the new wealth with the new machinery should be proletarian and dispossessed?”

Men Way Should Eye Politics Natural Lines Wealth Economy Rich Normal Method Possession Contemporary Ease Liberalism Capitalist Machinery Rich Man Contemporary Society

Author:Hilaire Belloc

“Slowly but certainly the proletarian, by every political reform which secures his well-being under new rules of insurance, of State control in education, of State medicine and the rest, is developing into the slave, leaving the rich man apart and free. All industrial civilization is clearly moving towards the re-establishment of the Servile State.”

Men Wells States Wisdom Moving Political Politics Economy Rich Civilization Medicine Slave Leaving Reform Developing Well Being Liberalism Establishment Rich Man Political Reform

Book:Essays of a Catholic

Source: Essays of a Catholic

“The Reformation has been called in a biting epigram "a rising of the rich against the poor."”

Has Beens Wisdom Politics Poor Economy Rich Rising Liberalism Reformation Epigrams Biting

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“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."”

May Wisdom Desire Order Fighting Politics Poor Economy Rich Conditions Becoming Opponents Liberalism Inhuman

Author:Hilaire Belloc

“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.”

“The broad rich acres of our agricultural plains have been long preserved by nature to become her untrammeled gift to a people civilized and free, upon which should rest, in well-distributed ownership, the numerous homes of enlightened, equal, and fraternal citizens... Nor should our vast tracts of so-called desert lands be yielded up to the monopoly of corporations or grasping individuals, as appears to be much the tendency under the existing statute.”

“There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.”

Wisdom Politics Belief Economy Rich Effects Taxes Cat Income Fats Ease Corporations Liberalism Fund Load Income Tax Pension Beneficiaries Brackets

Author:Peter Drucker

“The poor lack money. They lack money because they do not know the secret of productive wealth. They know it is possible to be old, unemployed, uneducated, lazy - even halt, deaf, dumb, and blind-and still be excessively rich. But you have to be in on the secret, and the poor by definition are not.”

Knows Stills Wisdom Politics Wealth Poor Secret Economy Rich Blind Definitions Dumb Liberalism Lazy Productive Deaf Halt Unemployed Uneducated

Author:Louis O. Kelso

“In Harlem, for instance, all of the stores are owned by white people, all of the buildings are owned by white people. The black people are just there - paying rent, buying the groceries; but they don't own the stores, clothing stores, food stores, any kind of stores; don't even own the homes that they live in. They are all owned by outsiders, and for these run-down apartment dwellings, the black man in Harlem pays more money than the man down in the rich Park Avenue section.”

“Nine-tenths of the people are at present freeholders... The time is not distant when this country will abound with mechanics and manufacturers who will receive their bread from their employers. Will such men be the secure and faithful guardians of liberty? Give the votes to people who have no property, and they will sell them to the rich who will be able to buy them.”

People Men Giving Country Wisdom Able Politics Liberty Economy Rich Vote Sells Property Nine Bread Secure Faithful Liberalism Mechanic Guardian Employers

Author:Gouverneur Morris

“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.”

Source: On the development of peoples

“To each, therefore, must be given his own share of goods, and the distribution of created goods, which, as every discerning person knows, is laboring today under the gravest evils due to the huge disparity between the few exceedingly rich and the unnumbered propertyless, must be effectively called back to and brought into conformity with the norms of the common good, that is, social justice.”

Source: On reconstructing the social order: (Quadragesimo anno)

“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.”

Source: The Lives of the Noble Grecians and Romans, Volume II: (A Modern Library E-Book)

“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.”

Two Real Turns Politics Poor Economy Rich Capitalism Essence Competition Profit Real Life Features Abstract Liberalism Killers Profit Maximization

Author:Muhammad Yunus

“The best kept secret in the global economy today is this: When your service is AWESOME you get so stinking rich you have to buy new bags to carry all the money home.”

Home Today Secret Economy Rich Bags Global Economy Kept Secrets Best Kept Secrets Economy Today

Author:Tom Peters

“The trickle-down experiment that began in the Reagan years failed America's middle class. Sure, the rich are doing great. Giant corporations are doing great. Lobbyists are doing great. But we need an economy where everyone else who works hard gets a shot at doing great!”

Needs Years Hard America Class Economy Rich Middle Hard Work Shots Experiments Corporations Giants Middle Class Lobbyists Trickle Down

Author:Elizabeth Warren

“Fairness has not been enhanced by the tax code, but lobbyists have been made rich, politicians have been re-elected, and the economy has been made to suffer.”

Has Beens Made Suffering Economy Rich Politician Taxes Code Fairness Lobbyists

Author:Jim Bridenstine

“Qualities not regulated run into their opposites. Economy before competence is meanness after it. Therefore economy is for the poor; the rich may dispense with it.”

May Running Poor Quality Economy Rich Opposites Competence Meanness

Author:Christian Nestell Bovee

“What in the rising man was industry and economy, becomes in the rich man parsimony and avarice.”

Men Economy Rich Industry Greed Rising Avarice Rich Man Parsimony

Book:Ladies' Magazine and Literary Gazette

Source: Ladies' Magazine and Literary Gazette

“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.”

Thinking Want Art Poor Principles Economy Rich Ought Terrible Expenses Ancestor Sage Maxims Obliged Contracting

Book:The Works of Samuel Johnson, LL.D.: With An Essay on His Life and Genius

Source: The Works of Samuel Johnson, LL.D.: With An Essay on His Life and Genius

“In the new conditions created by the global economy, the information revolution and the growth of smart technologies, it is more necessary than ever for all companies to be guided by their rich spiritual inheritance, as spiritual enterprises.”

Spiritual Growth Company Technology Economy Rich Conditions Information Revolution Smart Enterprise Inheritance Global Economy

Author:Ted Malloch

“We can just as easily have an economy that is based on healing the future instead of stealing it. We can either create assets for the future or take the assets of the future. One is called restoration and the other exploitation. And whenever we exploit the earth we exploit people and cause untold suffering. Working for the earth is not a way to get rich, it is a way to be rich.”

People Way Earth Suffering Causes Healing Economy Rich Environmental Stealing Assets Sustainability Exploitation Exploits Restoration Get Rich

Author:Paul Hawken

“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.”

“In a true free market economy, you can't make yourself rich without enriching your community.”

Community Economy Rich Free Market Market Economy Enriching

Author:Robert F. Kennedy, Jr.

“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.”

“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.”

Source: The Works of John Adams Vol. 6: Defence of the Constitution IV, Discourses on Davila

“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.”

Source: The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations

“Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.”

People Thinking Men Two Asks Politics Common Laughing Economy Rich Greater Liberalism Prudence Rich Man

Book:An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

Source: An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

“This is what income inequality means in America, and why the gap between the very rich and everyone else is growing wider. According to a recent study, CEO pay is now 295 times more than the pay of a typical worker. In 1965, the differential was 20 times. We must create an economy that works for all, not just the top 1%.”

Mean America Pay Economy Study Rich Growing Workers Income Inequality Gaps Typical Ceo Income Inequality

Author:Bernie Sanders