“Lastly, we must lower bureaucratic costs. This refers to "under the table" payments.”

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

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Francis Escudero354

Filipino politician 1969

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Francis Escudero (1969) Filipino politician

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“The real enemies are overwork, under-payment, insecurity and bad conditions”

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Context: The fundamental question is how to make the most of the individual, with all his idiosyncrasies, in his work... these depressing features of the Industrial Revolution, whatever they have brought in their train inside workshops, have had a tendency to bring in their train outside workshops one very bad thing, and that is a dislike of work itself. If work can be presented in a palatable form, I am not sure that the ordinary human being does not like it, provided that he gets a reasonable amount of play. The real enemies are overwork, under-payment, insecurity and bad conditions... We must not exaggerate what is possible. You cannot abolish repetitive work; you cannot, even in a Socialist State; and, after all, the monotony of the workman's life is very much due to the monotony of the consumers' demands. If a man wants the same thing every day, the man who provides it will have a monotonous task.

“Let me be clear: Under no circumstances can Iran be allowed to have nuclear weapons. … To ensure that Iran never gets nuclear weapons, we need to keep all options on the table. Let me reiterate--all options must remain on the table.”

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“Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.”

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“What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion.”

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Context: What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion. As long as we consider only the growth of goods and ignore the growth of personal and community well-being, we will be impoverished by growth. That is what is happening in our society today.

“They (social costs) are damages or diseconomies sustained by the economy in general, which under different institutional conditions could be avoided. [... ] if these costs were inevitable under any kind of institutional arrangement they would not really present a special theoretical problem. [... ] to reveal their origin, the study of social costs must always be an institutional analysis. Such an analysis raises inevitably the question of institutional reform and policy.”

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Source: Social Costs of Business Enterprise, 1963, p. 186 cited in: Sebastian Berger and Mathew Forstater (2007) "Toward a Political Institutionalist Economics: Kapp’s Social Costs, Lowe’s Instrumental Analysis, and the European Institutionalist Approach to Environmental Policy". In: Journal of Economic Issues. Vol.XLI, No.2, June 2007. p. 539

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Ayn Rand book Capitalism: The Unknown Ideal

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“If we delight in gossip, and are not content unless each neighbor is laid upon the dissecting table, we form a character unenviable indeed, and must be willing to bear the contempt of all the truly good, while we roll our bit of scandal as a sweet morsel under the tongue.”

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“Lastly, we must lower bureaucratic costs. This refers to "under the table" payments.”

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Francis Escudero354

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