“I wonder how many people would have thought at the end of World War II that the capitalist system would be one that was meeting the challenges and making things better for people as we approach the 21st century.” PeopleWorldWarEndsWould BeChallengesWonderEconomyCenturyApproachMeetingsWar Of The WorldsWorld War IiCapitalistWorld War I21st Century Author:Sanford I. Weill
“Germany is a country that has absolutely had to since the Second World War ask itself massive moral questions. And it's reforged its identity based on culture. I mean, the amount of artists living and working in Berlin is unparalleled. It's one of the strongest economies, not only in Europe, but globally, and it's because of its understanding of the importance of culture.” WorldMeanWarCountryArtistCultureAsksUnderstandingMoralEconomyIdentityAmountEuropeImportanceWar Of The WorldsGermanyMassiveStrongestBerlinSecond World War Author:Cate Blanchett
“What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy’s needs.” WorldNeedsWarDealsKnownEconomyProjectsSavedEnormousWar Of The WorldsWorld War IiWorld War IAdequateStimulusNew Deal Author:Paul Krugman
“Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.” WorldYearsFirstsTwoWarWisdomCertainPoliticsEasyEconomyAmountHundredYears AgoIncreaseWar Of The WorldsLiberalismWorld War IiAdamWorld War IBusinessmanEconomistRigidityEasy Days Author:John Chamberlain
“So many of the new nations which were established as democracies after the second world war, during the decolonizing process, have now changed their system to state-socialism. Small elites run them, and they aren't sharing societies. They aren't even socialist. The power of the state has been merged with business property and you have the greatest concentration of power that's possible.” WorldHas BeensWarStatesRunningPoliticsNationsProcessEconomyDemocracyChangedPropertySocialismWar Of The WorldsLiberalismConcentrationElitesSocialistSecond World War Author:Daniel Patrick Moynihan
“In World War II the hostility and the exasperation resulting from the statification of the economy and the strain of the war have been directed as much against the government as against private capital.” WorldHas BeensWarGovernmentEconomyWar Of The WorldsWorld War IiWorld War IStrainHostilityExasperation Author:C. L. R. James
“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.” WorldLongWarHelpingRunningAmericaEconomyResearchIncreaseIraqProductivityWar Of The WorldsUnusualWorld War IiDeclineWorld War ILong RunsGreat Depression Author:Joseph Stiglitz