“Modern economics and the welfare state borrowed heavily on the future.”

Source: Timescape (1980), Chapter 43 (p. 445)

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 "Modern economics and the welfare state borrowed heavily on the future." by Gregory Benford?

Gregory Benford87

Science fiction author and astrophysicist 1941

Related quotes

“The essence of the modern state is the union of the universal with the full freedom of the particular, and with the welfare of individuals.”

Georg Wilhelm Friedrich Hegel book Elements of the Philosophy of Right

Sect. 260
Elements of the Philosophy of Right (1820/1821)

“The greatest beneficiaries of the modern welfare state, after all, were the middle classes.”

Tony Judt (1948–2010) British historian

Chap. 14 : Diminished Expectations
Postwar: A History of Europe Since 1945 (2005)

“It is the welfare state that has made capitalism, with all its attendant benefits of economic growth, politically feasible…”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359

“First, the welfare state is not a subject apart, but fits naturally into the framework of economic analysis. Secondly, the theoretical arguments support the existence of the welfare state not only for well known equity reasons but also - and powerfully - in efficiency terms.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 1, Introduction, p. 3

“Don't bear me ill will, speech, that I borrow weighty words,
then labor heavily so that they may seem light.”

Wisława Szymborska (1923–2012) Polish writer

"Under One Small Star"
Poems New and Collected (1998), Could Have (1972)
Context: I know I won't be justified as long as I live,
since I myself stand in my own way.
Don't bear me ill will, speech, that I borrow weighty words,
then labor heavily so that they may seem light.

“The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation… The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“Borrowing to build factories is not the economic equivalent of borrowing to buy television sets, and it’s amazing just how few modern economists can see the difference…Borrowing to produce is the way poor countries become rich. Borrowing to consume is the way rich countries become poor. A vivid example of the latter is the stream of container ships unloading at U. S. ports and going back empty because we have nothing to ship.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“Von Hayek was wrong. In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness.”

Jeffrey D. Sachs (1954) American economist

"Welfare States, Beyond Ideology", Scientific American 295, 42 (2006)

“The "Great Society" has not worked and it's put us into the modern welfare state. If you look at China, they don't have food stamps. If you look at China, they're in a very different situation. They save for their own retirement security… They don't have the modern welfare state and China's growing. And so what I would do is look at the programs that LBJ gave us with the Great Society and they'd be gone.”

Michele Bachmann (1956) American politician

CBS Republican Debate, 2011-11-12, quoted in * 2011-11-12
Bachmann: America Should Be Less Socialist… Like China
Benjy
Sarlin
Talking Points Memo
http://2012.talkingpointsmemo.com/2011/11/bachmann-america-should-be-more-like-china.php
2011-11-14
2010s, 2012 Presidential campaign

“America`s relatively brief experiment with a generous welfare state was doomed by our African-American population. America tried to import the two fundamentals of the Swedish welfare state—high welfare payments and an end to social disapproval of illegitimacy—beginning about 1961. In parts of the U. S., such as heavily Scandinavian Minnesota, this worked reasonably well. But American voters were confronted with stunning speed with the realization that African-Americans responded differently than Swedes did to the new incentive structures. Welfare allowed much of African-American society to revert to African-style family structures.”

Steve Sailer (1958) American journalist and movie critic

More Diversity = Less Welfare? http://www.vdare.com/articles/more-diversity-less-welfare, VDARE, March 14, 2004

“Modern economics and the welfare state borrowed heavily on the future.”

Help us to complete the source, original and additional information

Gregory Benford87

Related quotes

Related topics