“The food market is much bigger than the software services market. And the money goes straight into the hands of millions of farmers. The spinoffs are enormous -- jobs, houses, durables, a whole new consumption boom will start in rural areas.”

Mukesh Ambani on retail and SEZ plans

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Indian business magnate 1957

Alfred D. Chandler, Jr. (1918–2007) American historian

Source: The Visible Hand (1977), p. 209.

“There’s this about a farm: when the market’s good there’s money, and when it’s bad there’s food.”

Theodore Sturgeon book More Than Human

Source: More Than Human (1953), Chapter 1, p. 34

“When you introduce markets in food, then you introduce two very simple rules. The first rule is this: if you have money you can get the food from wherever around the world. The other rule markets impose is this: if you do not have money, you will starve. This is an important point … The reason why people starve is because of poverty … not because of a shortage of food … but because the only way to access the food is through the market.”

Raj Patel (1972) British academic

About global food economy http://www.youtube.com/watch?v=RU5zT1r5Fk8 Marquette University (Retrieved on February 11, 2010.)

“Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

Ron Paul (1935) American politician and physician

Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, September 10, 2003 http://www.house.gov/paul/congrec/congrec2003/cr091003.htm <br class="br">2000s, 2001-2005

“It’s not as if there’s infinite wealth. There are thousands of new luxury units coming on the market, and the question is, who will buy them? If people start losing jobs, who can afford to pay 2, 3, 4, 5 million dollars? Do you know 10,000 new investment bankers on Wall Street?”

Nouriel Roubini (1958) American economist

Quoted in S. Jhoanna Robledo, "The Descent," http://nymag.com/realestate/features/21675/ New York Magazine (2006-09-24).

“We wanted to ensure food security so we put all our force into producing more food and also the distribution system so that food should first reach to the poorest of the poor. Then we tried to create job opportunities for them in the rural areas.”

Sheikh Hasina (1947) Prime Minister of Bangladesh

In an interview with Anup Kaphle for the 's economical growth. https://www.washingtonpost.com/world/an-interview-with-bangladesh-pm-sheikh-hasina/2011/10/10/gIQAXAQRcL_story.html?utm_term=.15835fc2548d <br class="br">Context: Since my last tenure we have been trying to find the root causes of poverty and how we could reduce it. We wanted to ensure food security so we put all our force into producing more food and also the distribution system so that food should first reach to the poorest of the poor. Then we tried to create job opportunities for them in the rural areas.

“Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXVII, Currency and Banks, p. 246

“Good jobs depend on expanded trade. Selling into new markets creates new jobs, so I ask Congress to finally approve trade promotion authority. On these two key issues, trade and energy, the House of Representatives has acted to create jobs, and I urge the Senate to pass this legislation.”

George W. Bush (1946) 43rd President of the United States

2000s, 2002, State of the Union address (January 2002)

“The question is: why are there markets of food at all?”

Raj Patel (1972) British academic

About global food economy http://www.youtube.com/watch?v=RU5zT1r5Fk8 Marquette University (Retrieved on February 11, 2010.)

“If there is no more market for ancient Greek, there should be no more ancient Greek. If there are no jobs for historians, there should be no history. If there is no money in brains, there should be no brains - except for the brains that make money.”

Laura Penny (1975) Canadian journalist

Source: More Money than Brains (2010), Chapter Four, Screw U or Hate My Professors, p. 131

“The food market is much bigger than the software services market. And the money goes straight into the hands of millions of farmers. The spinoffs are enormous -- jobs, houses, durables, a whole new consumption boom will start in rural areas.”

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