Jeffrey D. Sachs: Socialism

Jeffrey D. Sachs is American economist. Explore interesting quotes on socialism.
Jeffrey D. Sachs: 58   quotes 1   like

“Norway, Sweden, Denmark, Netherlands, Germany – are the countries with the largest so-called social welfare states. They are the most prosperous. They have the best social conditions. They report the highest quality of life”

Climate, Welfare..., Australian Broadcasting Corporation, 15 October, 2018 http://www.abc.net.au/tv/qanda/txt/s4892252.htm
Context: Norway, Sweden, Denmark, Netherlands, Germany – are the countries with the largest so-called social welfare states. They are the most prosperous. They have the best social conditions. They report the highest quality of life... They have a degree of equality that is unmatched in other parts of the world. People work very hard, thank you, and labour force participation of women is the highest in those countries. Why? Because the social welfare state also means that there’s child care available, that there is maternity leave for the first nine months or 12 months to a mother raising a new child. And father’s leave. But after that there is enough support that a mother can go to work. And people do want to go to work. The idea that this has taken away the work incentive is actually the opposite.

“Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.”

The Price of Civilization: Reawakening American Virtue and Prosperity" The Price of Civilization, 2011
Context: Though the United States is one of the world’s richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction. It is superseded not only by the likely candidates of Finland, Norway, and Sweden, which all rank above the United States but also by less likely candidates such as Costa Rica and the Dominican Republic. Indeed, one might surmise that it is health and longevity rather than income that give the biggest boost to reported life satisfaction. Since good health and longevity can be achieved at per capita income levels well below those of the United States, so too can life satisfaction. One marketing expert put it this way, with only slight exaggeration: Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.