“Now most serious thinkers acknowledge that dislocations in the market operation of our economy and the prevalence of discrimination thrust people into idleness and bind them in constant or frequent unemployment against their will. The poor are less often dismissed from our conscience today by being branded as inferior and incompetent. We also know that no matter how dynamically the economy develops and expands, it does not eliminate all poverty.”

—  Martin Luther King, Jr.

1960s, Address to Local 815, Teamsters and the Allied Trades Council (1967)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Now most serious thinkers acknowledge that dislocations in the market operation of our economy and the prevalence of di…" by Martin Luther King, Jr.?
Martin Luther King, Jr. photo
Martin Luther King, Jr. 658
American clergyman, activist, and leader in the American Ci… 1929–1968

Related quotes

Martin Luther King, Jr. photo

“Today the poor are less often dismissed, I hope, from our consciences by being branded as inferior or incompetent. We also know that no matter how dynamically the economy develops and expands, it does not eliminate all poverty.
The problem indicates that our emphasis must be twofold. We must create full employment or we must create incomes. People must be made consumers by one method or the other. Once they are placed in this position we need to be concerned that the potential of the individual is not wasted. New forms of work that enhance the social good will have to be devised for those for whom traditional jobs are not available.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Where Do We Go from Here: Chaos or Community? (1967)

Tsakhiagiin Elbegdorj photo

“We arrived from being the most isolated and closed communist regime in the world to one of the most open. Today we have a dynamic market economy, a vibrant, creative society.”

Tsakhiagiin Elbegdorj (1963) Mongolian politician

Source: "Mongolian President Tsakhiagiin Elbegdorj visits European Parliament" https://www.europarl.europa.eu/news/en/headlines/eu-affairs/20150605STO63234/mongolian-president-tsakhiagiin-elbegdorj-visits-european-parliament (9 June 2015)

Winston Peters photo

“A corporate raid on a country is not foreign investment. It's just a corporate raid. A corporate raid doesn't expand our wealth, our employment, our exports, is not advantageous to most economies and most economies understand that. In New Zealand we did not. Everything that came from overseas was regarded as foreign investment, when, in fact, it was often a downsizing of the operation, a break-up of the operation and a mass of sackings.”

Winston Peters (1945) New Zealand politician

Interview with the 7:30 Report, ABC TV, Australia.

Theodore Schultz photo

“Most people in the world are poor. If we knew the economy of being poor, we would know much of the economics that really matter. Most of the world's poor people earn their living in agriculture. If we knew the economics of agriculture, we would know much of the economic of being poor.”

Theodore Schultz (1902–1998) American economist

"The Economics of Being Poor," (1979)

“We have lived for 200 years in a growth economy. In this time we have come to believe that all our major economic ills – from unemployment and poverty to overpopulation and even environmental degradation – can be solved by more growth. And if the global economy existed in a void perhaps that would be true. But it does not.”

Herman E. Daly (1938) American economist

A steady-state economy, 2008

Wendell Berry photo

“Let us have the candor to acknowledge that what we call “the economy” or “the free market” is less and less distinguishable from warfare.”

Wendell Berry (1934) author

Citizenship Papers (2003), The Failure of War
Context: Let us have the candor to acknowledge that what we call “the economy” or “the free market” is less and less distinguishable from warfare. For about half of the last century, we worried about world conquest by international communism. Now with less worry (so far) we are witnessing world conquest by international capitalism. Though its political means are milder (so far) than those of communism, this newly internationalized capitalism may prove even more destructive of human cultures and communities, of freedom, and of nature. Its tendency is just as much toward total dominance and control.

Robert A. Dahl photo

“In doing so, socialist, labor, and social democratic parties contributed to -- though they were not the sole authors of -- the development of the mixed economies that exist in advanced countries today. If these mixed economies are a far cry from the centralized systems that were created in Eastern Europe under Leninist rulers, they are also very far from the classical liberal model of a self-regulating market economy. If we look to the most advanced economies for guidance, then we should not allow ourselves to be misled by dogma about "free markets."”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 3 : Democracy and Markets

Kevin Kelly photo

“The dynamic of our society, and particularly our new economy, will increasingly obey the logic of networks. Understanding how networks work will be the key to understanding how the economy works.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Lal Bahadur Shastri photo

“The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies – Poverty, unemployment. Whether it is agriculture or industrial development, or for that matter, development in other fields, the basic fact remains – that it would serve the largest number of our people.”

Lal Bahadur Shastri (1904–1966) The second Prime Minister of the Republic of India and a leader of the Indian National Congress party

About Development

Ludwig von Mises photo

“The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.”

Ludwig von Mises (1881–1973) austrian economist

Ch. VII : The Economic, Social, and Political Consequences of Interventionism § 1. The Economic Consequences https://fee.org/resources/interventionism-an-economic-analysis-2#economic
Interventionism: An Economic Analysis https://fee.org/resources/interventionism-an-economic-analysis/ (1940)
Context: The unhampered market economy is not a system which would seem commendable from the standpoint of the selfish group interests of the entrepreneurs and capitalists. It is not the particular interests of a group or of individual persons that require the market economy, but regard for the common welfare. It is not true that the advocates of the free-market economy are defenders of the selfish interests of the rich. The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.

Related topics