Quotes about economics (3228 quotes, page 30)

“Production, and production alone, can find us relief in our immediate situation. It is no part of the British character to resign ourselves to such difficulties or to fail to take the measures, however hard, to overcome them. It has been truly said that by our faith we can move mountains. It is by our faith in ourselves, in our country, in the free democratic traditions for which the people of this country have for centuries fought and battled, and for which they must fight again as willingly on the economic front as upon the oceans, on the land and in the air, it is by our faith in the deep spiritual values that we acknowledge in our Christian faith, that we shall be enabled and inspired to move the present mountains of our difficulties, and so emerge into that new and fertile plain of prosperity which we shall travel in happiness only as the result of our own efforts and our own vision.”

Stafford Cripps (1889–1952) British politician

Speech https://api.parliament.uk/historic-hansard/commons/1947/aug/07/state-of-the-nation#column_1766 in the House of Commons (7 August 1947)
President of the Board of Trade

Faith , Country , Mountain , People

“The real difficulty of the situation lies in the practical working of the coercion. Let it be laid down that the League as a whole will take the necessary action, economic or military. Well and good; but the League is not a military or economic unit and possesses no central executive. It is a society of independent sovereign states, their independence somewhat modified by treaty obligations and a habit of regular conference, but none the less real. I doubt whether the League as a League could declare war or wage war. The force would have to be supplied by each state separately, of its own deliberate will. ... One cannot expect Siam or Canada to mobilize because one Balkan state attacks another. And if the duty is not incumbent on all members, who is to decide what members are to undertake it? The Council has no absolute authority. No nation will be eager to subject itself to the strain and sacrifice of coercive action unless its own interests are sharply involved. But the question is whether, in a world that increasingly detests war and mistrusts force as a instrument of international policy, the various national Parliaments or Governments will in general have sufficient loyalty to the League, sufficient public spirit and sense of reality, to be ready to face the prospects of war not in defence of their own frontiers or immediate national interests, but simply to maintain the peace of the world.”

Gilbert Murray (1866–1957) Anglo-Australian scholar

The Ordeal of This Generation: The War, the League and the Future (London: George Allen & Unwin, 1929), p. 91

Peace , Question , War , World

“Communism draws its strength from deeper, more serious sources. Offered to us as a means of improving the economic situation, it is an insult to our intelligence. But offered as a means of making the economic situation worse, that is its subtle, its almost irresistible, attraction. Communism is not a reaction against the failure of the nineteenth century to organize optimal economic output. It is a reaction against its comparative success.”

John Maynard Keynes (1883–1946) British economist

“Stalin-Wells Talk: The Verbatim Report and A Discussion”, G.B. Shaw, J.M. Keynes et al., London, The New Statesman and Nation, (1934) p. 35

Optimism , Drawing , Success , Intelligence

“There is no concrete possibility at all of disengagement from social, political, and economic determinations. The only freedom man has is to recognize these and to recognize that he is determined by them. The first act of freedom is a recognition of necessity, not theoretically, but with a personal reference, and an attempt to put this recognition to work by trying to assess necessity, to discover its meaning and significance. To face up to the necessity that is seen at work in oneself, to perceive that I myself obey necessity, and to consider the implications of this—this act of recognition is an act of freedom.”

Jacques Ellul (1912–1994) French sociologist, technology critic, and Christian anarchist

Source: The Ethics of Freedom (1973 - 1974), p. 44

Personality , Freedom

“We can hope that the ways of peace will attract the Arabic nations, for their territory and opportunities are broad enough for immeasurable advance, if the energies vented in spleen, are turned instead to a modernisation of the technology, a restoration of the soil, and a renovation of the economic, social, and political structure of those great and venerable lands.”

Isaac Asimov (1920–1992) American writer and professor of biochemistry at Boston University, known for his works of science fiction …

The Near East (1968), p. 260
General sources

Way , Peace , Hope

“It is for the Indian patriot to recognise that Persia, Afghanistan and possibly Arabia must sooner or later come within the orbit of some Continental Power — such as Germany, or what may grow out of the break up of Russia — or must throw in their lot with that of the Indian Empire, with which they have so much more genuine affinity. The world forces that move small States into closer contact with powerful neighbours, though so far most visible in Europe, will inevitably make themselves felt in Asia. Unless she is willing to accept the prospect of having powerful and possibly inimical neighbours to watch, and the heavy military burdens thereby entailed, India cannot afford to neglect to draw her Mahomedan neighbour States to herself by the ties of mutual interest and goodwill … In a word, the path of beneficent and growing union must be based on a federal India, with every member exercising her individual rights, her historic peculiarities and natural interests, yet protected by a common defensive system and customs union from external danger and economic exploitation by stronger forces. Such a federal India would promptly bring Ceylon to the bosom of her natural mother, and the further developments we have indicated would follow. We can build a great South Asiatic Federation by now laying the foundations wide and deep on justice, on liberty, and on recognition for every race, every religion, and every historical entity … A sincere policy of assisting both Persia and Afghanistan in the onward march which modem conditions demand, will raise two natural ramparts for India in the north-west that neither German nor Slav, Turk nor Mongol, can ever hope to destroy. They will be drawn of their own accord towards the Power which provides the object lesson of a healthy form of federalism in India, with real autonomy for each province, with the internal freedom of principalities assured, with a revived and liberalised kingdom of Hyderabad, including the Berars, under the Nizam. They would see in India freedom and order, autonomy and yet Imperial union, and would appreciate for themselves the advantages of a confederation assuring the continuance of internal self-government buttressed by goodwill, the immense and unlimited strength of that great Empire on which the sun never sets. The British position of Mesopotamia and Arabia also, whatever its nominal form may be, would be infinitely strengthened by the policy I have advocated.”

Aga Khan III (1877–1957) 48th Imam of the Nizari Ismaili community

India in Transition (1918)

Drawing , Religion , Justice , Freedom

“Being a Chicana is a political, societal, economic and spiritual stance for me because I identify myself with the struggle of Chicanos in this marginal border world of identity—straddling different worlds, the world of the raices in Mexico, the roots, and also the contemporary world of the United States…”

Denise Chávez (1948) American writer

On identifying as a Chicana in “AN INTERVIEW WITH DENISE CHAVEZ” https://ir.uiowa.edu/cgi/viewcontent.cgi?article=1161&context=ijcs in Iowa Journal of Cultural Studies (1994)

World

“There are many undiscovered Mozarts, Beethovens, Einsteins, Shakespeares, Lincolns, and Washingtons out there today who do not have the freedom or the opportunity to explore their talents due to economic, political, and other constraints.”

Newton Lee American computer scientist

The Transhumanism Handbook, 2019

Freedom

“What I do not see is the argument...that we ought somehow to go on a quite different issue, a purely economic issue, to this new extreme which seems, greatly to my regret, to have inspired part of my party. There are no longer the principles of Lord Shaftesbury, Mr. Disraeli or Mr. Churchill. We are reverting to a form of neo-Cobdenism based upon the worst elements of the Manchester school, supported by aphorisms that would have done honour to that popular writer, Dr. Samuel Smiles. The paternalist elements and traditions of the Tory Party that come from its very roots are now unpopular. We are making a great error. It is because the people as a whole trusted those whom they regarded as their natural leaders to help them, support them and protect them that we have had the great authority in the past in our country.”

Harold Macmillan (1894–1986) British politician

Speech https://api.parliament.uk/historic-hansard/lords/1986/jan/21/shops-bill-hl-1#column_159 in the House of Lords (21 January 1986) on the Shops Bill that would have ended government regulation of Sunday shopping in England and Wales
Later life

School , Country , Making love , Past

“Innovation is important; it has transformed the lives of everyone in the world. And intellectual property laws can and should play a role in stimulating innovation. However, the contention that stronger intellectual property rights always boost economic performance is not in general correct. It is an example of how special interests—those who benefit from stronger intellectual property rights—use simplistic ideology to advance their causes.”

Joseph E. Stiglitz book Making Globalization Work

§4, p. 106
Making globalization work (2006)

World , Law

“Our problem is that we do not fully understand Putin’s calculus, just as he does not understand ours. In Putin’s view, the United States, the European Union and NATO have launched an economic and proxy war in Ukraine to weaken Russia and push it into a corner. As Valery Gerasimov, chief of staff of the Russian armed forces, has underscored, this is a hybrid, 21st-century conflict, in which financial sanctions, support for oppositional political movements and propaganda have all been transformed from diplomatic tools to instruments of war. Putin likely believes that any concession or compromise he makes will encourage the West to push further.”

Fiona Hill (presidential advisor) (1965) American policy adviser

How aiding the Ukrainian military could push Putin into a regional war, By Fiona Hill and Clifford Gaddy, The Washington Post https://www.washingtonpost.com/opinions/giving-weapons-to-ukraine-could-goad-putin-into-a-regional-war/2015/02/05/ec2e9680-abf5-11e4-ad71-7b9eba0f87d6_story.html (5 February 2015)

Understanding , War , Support , Problem

“All the forces of conservatism in this society are ranged against the needs of the other America. The ideologues are opposed to helping the poor because this can be accomplished only through an expansion of the welfare state. The small businessmen have an immediate self-interest in maintain the economic underworld. The powerful agencies of the corporate farms want a continuation of an agricultural program that aids the rich and does nothing for the poor.”

Michael Harrington book The Other America

Source: The Other America (1962), p. 168

Self-confidence , Help

“Negro poverty is unique is every way. It grows out of a long American history, and it expresses itself in a subculture that is buit up on an interlocking base of economic and racial injustice. It is a fact imposed from without, from white America.”

Michael Harrington book The Other America

Source: The Other America (1962), Ch. 2

Way , History

“Under the old North Amerikan slave system it was openly admitted that people simply will not willingly submit to bondage and unremunerated forced labor. The human spirit naturally rebels against such a condition. Therefore the wealthy interests whose economic domination, power, prestige and wealth itself relied on slave labor, had to devise a system which would compel the submission of those to be kept in bondage.”

Kevin Rashid Johnson (1971) American prisoner and social activist

"Razor Wire Plantations" (2014)

Wealth , People , Nature

“The background to the war, my studious Homomdan pal, is three thousand years of ruthless oppression, cultural imperialism, economic exploitation, systematic torture, sexual tyranny and the cult of greed ingrained almost to the point of genetic inheritability.”

Iain Banks Culture series

Source: Culture series, Look to Windward (2000), Chapter 3 “Infra Dawn” (p. 66)

War

“The happy days of Bretton Woods, often viewed today with nostalgia, were a special case, workable because of a particular economic and political setting… the inherent contradictions in the system were too great. With the benefit of hindsight, it would seem that an erosion of the United States competitive position was implicit in the postwar arrangements.”

Paul Volcker (1927–2019) American economist

The political economy of the dollar

Nostalgia , Happiness

“Islam has till today retained a lot of its medieval self- righteousness. While native Americans who claim back ancestral sacred places may have to confront economical interests, juridical technicalities or other small-human opposition against their demands, there is now hardly any ideologically motivated resistance against respecting their culture and their historical sensitivities. But in India, and in the countries which Islam has carved out of if, there is still a strong presence of an ideological drive to islamize India, and to make this clear by wresting all kinds of real and symbolical concessions from the Hindus, and by refusing them any concession whatsoever in return. The symbols of humiliation that have been inflicted on the Hindus, are being defended.”

Koenraad Elst (1959) orientalist, writer

1990s, Ayodhya and After: Issues Before Hindu Society (1991)

Country , Strong , Self-confidence , Motivation

“I purchase the necessities of life with the productive power of German workmen. The results of our economic policy speak for us, not for the gold standard people. For we, the poor have abolished unemployment because we no longer pay homage to this madness, because we regard our entire economic existence as a production problem and no longer as a capitalistic problem. We placed the whole organized strength of the nation, the discipline of the entire nation, behind our economic policy. We explained to the nation that it was madness to wage internal economic wars between the various classes, in which they all perish together.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

Speech on the “21st Anniversary of the National Socialist Party” https://en.wikisource.org/wiki/Adolf_Hitler%27s_Speech_on_the_21st_Anniversary_of_the_National_Socialist_Party_(24_February_1941) (24 February 1941)
1940s

War , People , Problem , Life

“Piketty ends Capital in the Twenty-First Century with a call to arms — a call, in particular, for wealth taxes, global if possible, to restrain the growing power of inherited wealth. It’s easy to be cynical about the prospects for anything of the kind. But surely Piketty’s masterly diagnosis of where we are and where we’re heading makes such a thing considerably more likely. So Capital in the Twenty-First Century is an extremely important book on all fronts. Piketty has transformed our economic discourse; we’ll never talk about wealth and inequality the same way we used to.”

Paul Krugman (1953) American economist

"Why We’re in a New Gilded Age", The New York Review of Books (May 8, 2014)
The New York Review of Books articles

Way , Wealth , Books , Making love

“Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything.”

Chris Martin (1977) musician, co-founder of Coldplay

http://coldplaying.com/coldplay-campaigns-to-make-trade-fair-on-twisted-logic-tour-2006/ source

Country

“In this tremendous and truly historical uprising of the nations we are all now taking our part, some of us as leaders, others as actors or performers. On one side we find the exponents of democracy, that is Jewish capitalism with all its deadweight of obsolete political theories and parliamentary corruption, its out-moded social order, the Jewish brain trust, the Jewish newspapers, stock exchanges and banks, a concern of mixed political and economic profiteers of the worst order, arm in arm with the Bolshevist state.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

“Speech to the Reichstag Assuming New Powers” https://www.jewishvirtuallibrary.org/adolf-hitler-speech-to-the-reichstag-assuming-new-power-april-1942, (April 26, 1942)
1940s

Democracy , Parting

“When the statesmen of other countries threaten us with all kinds of economic counter measures I can only give the assurance that in such a case a desperate economic struggle would ensue which would be easy for us to carry out, easier for us than for the over-satisfied nations, because our leading idea would be a very simple one: The German nation must live—that means export or die.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

Speech to the Reichstag (30 January 1939), quoted in The Times (31 January 1939), p. 14
1930s

Idea , Country

“Despite his caricature as being indecisive, he was one of the most decisive leaders this nation has seen. On all crucial issues, he took decisions that have continued to shape India’s rise over the last two decades. Manmohan Singh may be touted as the father of Indian economic reforms; but as Singh has himself acknowledged, it was Rao who fathered the process. Singh was an economic technocrat with little understanding of political constraints. It was Rao who shielded Singh from the left wing of his own party, a flank that had left no stone unturned in opposing the economic liberalization programme. Rao made economic reforms politically tenable at a time when his own party was out to scuttle his most ambitious undertaking. How ironical, then, that today the same Congress-wallahs try to take credit for India’s economic success without acknowledging Rao’s role.”

P. V. Narasimha Rao (1921–2004) Indian politician

Harsh V. Pant in: "Give Narasimha Rao his due".

Time , Understanding , Success , Decision

“He surely failed as prime minister to prevent the tragedy at Ayodhya. But his rivals in the Congress did their own party such disservice by spreading the canard that his (and their) government was responsible for that crime. This, more than anything else, lost them the Muslim vote in Uttar Pradesh and Bihar… any dispassionate reading of recent political history will tell you that this is a self-inflicted injury. The Congress has itself built a mythology whereby the Muslims have come to hold their party as responsible for Babri as the BJP … If you take Justice Liberhan’s indictment of so many in the BJP seriously, you cannot at the same time dismiss his exoneration of Rao, and the government, and the Congress Party under him. You surely cannot put the clock back on so much injustice done to him, like not even allowing his body to be taken inside the AICC building. But the least you can do now is to give him a memorial spot too along the Yamuna as one of our more significant (and secular) prime ministers who led us creditably through five difficult years, crafted our post-Cold War diplomacy, launched economic reform and, most significantly, discovered the political talent and promise of a quiet economist called Manmohan Singh.”

P. V. Narasimha Rao (1921–2004) Indian politician

Shekhar Gupta in Tearing down Narasimha Rao http://archive.indianexpress.com/news/tearingdownnarasimharao/547260/1, The Indian Express, 7 September 2011.

Time , Justice , Reading , History

“The combination of economic and political power in the same hands is a sure recipe for tyranny.”

Milton Friedman book Free to Choose

“Introduction”, p. 3
Free to Choose (1980)

“As it developed in the late eighteenth and early nineteenth centuries, the intellectual movement that went under the name of liberalism emphasized freedom as the ultimate goal and the individual as the ultimate entity in the society. It supported laissez faire at home as a means of reducing the role of the state in economic affairs and thereby enlarging the role of the individual; it supported free trade abroad as a means of linking the nations of the world together peacefully and democratically. In political matters, it supported the development of representative government and of parliamentary institutions, reduction in the arbitrary power of the state, and protection of the civil freedoms of individuals.”

Milton Friedman book Capitalism and Freedom

Introduction, p. 5
Capitalism and Freedom (1962)

World , Home , Support , Freedom

“By relying primarily on voluntary co-operation and private enterprise, in both economic and other activities, we can insure that the private sector is a check on the powers of the governmental sector and an effective protection of freedom of speech, of religion, and of thought.”

Milton Friedman book Capitalism and Freedom

Introduction, p. 3
Capitalism and Freedom (1962)

Religion , Freedom

“The challenge is going to come from Russia. The challenge is not going to come from the United States. The challenge is not going to come from West Germany nor from France. The challenge is going to come from those countries who, however wrong they may be – and I think they are wrong in many fundamental respects – nevertheless are at long last being able to reap the material fruits of economic planning and of public ownership. … Our main case is and must remain that in a modern complex society it is impossible to get rational order by leaving things to private economic adventure. Therefore I am a Socialist. I believe in public ownership.”

Aneurin Bevan (1897–1960) Welsh politician

Speech to the Labour Party Conference in Blackpool (October 1959), quoted in Michael Foot, Aneurin Bevan: A Biography. Volume II: 1945–1960 (Davis-Poynter, 1973), pp. 646–647 and Ben Pimlott, Harold Wilson (Harper Collins, 1993), p. 230
1950s

Thinking , Country

“He has been doing a wonderful job in guiding India even prior to being the prime minister along the path of extraordinary economic growth. That is a marvel, I think, for all of the world.”

Manmohan Singh (1932) 13th Prime Minister of India

Barack Obama, as quoted in "Manmohan Singh is a wise, wonderful man: Obama" http://articles.timesofindia.indiatimes.com/2009-04-04/india/28002745_1_obama-climate-change-wonderful-man, The Times of India (4 April 2009)

World , Thinking

“Economic theory as derived from Adam Smith assumes first that homo economicus acts with perfect optimality on complete information, and second that when many of the species homo economicus do that, their actions add up to the best possible outcome for everybody. Neither of these assumptions stands up long against the evidence.”

Donella Meadows (1941–2001) American environmental scientist, teacher, and writer

Page 107.
Thinking in Systems: A Primer (2008), Part two: systems and us

Perfection , Optimism

“Britain is not earning her living. We are not keeping pace with the economic performance of our European and North American neighbours, and we are certainly not achieving the potential that is in us. … At the end of a war of prolonged sacrifice we were left with much obsolete industrial plant, and a short-fall in the capital necessary to scrap and renew it. For a century we had lived on cheap food and raw materials imported from overseas. They are not and will not in future be available to us. … We cannot continue to live beyond or ability or our willingness to earn. That is the one basic fact with which Britain has yet to come to terms.”

Alec Douglas-Home (1903–1995) Former Prime Minister of the United Kingdom

'Foreword' (June 1977), Patrick Hutber (ed.), What's Wrong with Britain? (Sphere, 1978), p. 7
Later life

War , Future , Food

“What had been a trickle of immigrants from the Commonwealth was developing into a flood. We saw that if it was not brought under control it would create very serious social and economic problems—problems of employment, housing and education, for instance. So we brought in legislation. The socialists—aided by the Liberals—opposed it all along the line.”

Alec Douglas-Home (1903–1995) Former Prime Minister of the United Kingdom

Speech in Bradford (6 October 1964), quoted in The Times (7 October 1964), p. 12
Prime Minister

Education , Problem , Housing

“Our philosophy is to use what is good from the past to create a future which is better. But these pages are not an introduction to an easy, sheltered life. No country has an inherited right to wealth or influence. Prosperity has to be worked for. The future will be assured only if our people recognize the simple economic rules which must be kept by a country dependent on earning its living in a competitive world. This manifesto points the way.”

Alec Douglas-Home (1903–1995) Former Prime Minister of the United Kingdom

Preface to the Conservative Party manifesto Prosperity with a Purpose (17 September 1964), quoted in The Times (18 September 1964), p. 16
Prime Minister

Dependency , Country , Past , Future

“Cities are, first of all, seats of the highest economic division of labor. They produce thereby such extreme phenomena as in Paris the remunerative occupation of the quatorzième.”

Georg Simmel (1858–1918) German sociologist, philosopher, and critic

They are persons who identify themselves by signs on their residences and who are ready at the dinner hour in correct attire, so that they can be quickly called upon if a dinner party should consist of thirteen persons. In the measure of its expansion, the city offers more and more the decisive conditions of the division of labor. It offers a circle which through its size can absorb a highly diverse variety of services.
Source: The Metropolis and Modern Life (1903), p. 420

“Venezuela is a country which advocates for and is committed to the construction of a pluripolar and multicentric world, where all the different regions (Africa, Latin America, the Caribbean, Asia, Europe, and North America) can live together in balance and peace, respecting our cultures, religions, idiosyncrasies, identities and economic and political models.”

Nicolás Maduro (1962) 53rd President of Venezuela

President Maduro's speech at the United Nations General Assembly (excerpts), 26 September 2018

World , Peace , Religion , Country

“Yesterday, the President of the United States announced, precisely on this same platform, new and alleged economic and financial sanctions against our country in the sanctuary of the law and international legality. Did the United Nations System know that the unilateral sanctions, using the dominion, the status of the currency and the financial persecution are considered illegal from the standpoint of international law?”

Nicolás Maduro (1962) 53rd President of Venezuela

President Maduro's speech at the United Nations General Assembly (excerpts), 26 September 2018

Law , Country

“The Delors report is aimed at a federal Europe, a common currency and a common economic policy, which would take many economic policies, including fiscal policy, out of the hands of the House, and that is completely unacceptable. It would also require a treaty amendment, which we do not believe would ever be passed by the House because of the lack of sovereignty that it would imply.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Prime Ministers' Questions (27 April 1989) https://api.parliament.uk/historic-hansard/commons/1989/apr/27/engagements#S6CV0151P0_19890427_HOC_126
Third term as Prime Minister

Housing

“And never forget that the Marxist societies call themselves, and indeed are, the Union of Soviet Socialist Republics. Some of the aims of socialism, are the aims of a Marxist society, and they result in the subjugation of the rights of people to political theory. Because the Marxist system has become morally and materially bankrupt, citizens who live beneath its yoke see hope in our ideals. Ideals which limit the power of the State so that the varied talents and abilities of each person may flourish giving dignity and meaning to life. Ideals which respect the family, its loyalties, affections and responsibilities. Ideals where the rule of law is just and impartially administered. Those who live under the heel of Marxist tyranny look with envy at the very things we take for granted. They know that politics is about more than economics in a free society. So do we—we belong to the oldest and most enduring democratic Party in the world.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Speech to Conservative Women’s Conference (20 May 1981) https://www.margaretthatcher.org/document/104653
First term as Prime Minister

Life , Family , Law , Loyalty

“Today freedom also means the freedom to hate, it means the freedom to say anything, it means the freedom to disparage people, to dehumanize people, to believe in the culture of cruelty, to believe that kindness is not a virtue but a liability. Freedom has been extended into a discourse of violence and hate, which is really part of a larger cultural apparatus that has so undermined the relationship between freedom and justice, freedom and equality, freedom and social responsibility that those terms drop out and freedom becomes in a sense a liability with respect to what a democratic socialist country might look like. The other side of this is that there is a really demonic notion of freedom that seems to suggest we’re all equal and we can all make all of the choices that we want — it’s up to us. In other words, it suggests that choice in this one-dimensional sense of market freedom is defined without constraints. So you are free to sleep under a bridge at night, or you’re free to sleep in the Ritz. Well, that’s just nonsense. It seems to me that choice only becomes meaningful when people have the capacity to make real choices. That’s what freedom really is about in an economic and political sense.”

Henry Giroux (1943) American academic

Interview with Media For Us, 2019

Sleep , Hate , Justice , Night

“Money drives politics. We all know that now. But the other side of this is that it’s not just an economic system, it’s also an ideological system. As an ideological system, what it generally does is three things that are pernicious and which set the groundwork for a kind of right-wing populism and a fascist politics. First, it operates off the assumption that all social problems are individual problems. Therefore whatever problems people face, the blame for those problems rests with themselves — whether we’re talking about ecological disasters, about poverty, about homelessness, about ignorance and illiteracy, and so forth and so on. Secondly, in doing so it tends to depoliticize people, and by depoliticizing them it becomes very difficult for people — operating under that notion of self-interest, a brutal form of competition, and this heightened notion of rugged individualism — to translate private troubles into larger systemic issues. Hence they find it very hard to understand the conditions in which they find themselves. Thirdly, it creates an enormous culture of ignorance.”

Henry Giroux (1943) American academic

Interview with Media For Us, 2019

Money , Understanding , People , Problem

“The Church is called upon to manifest anew to everyone, with clear and stronger conviction, her will to promote human life by every means and to defend it against all attacks, in whatever condition or state of development it is found. Thus the Church condemns as a grave offense against human dignity and justice all those activities of governments or other public authorities which attempt to limit in any way the freedom of couples in deciding about children. Consequently, any violence applied by such authorities in favor of contraception or, still worse, of sterilization and procured abortion, must be altogether condemned and forcefully rejected. Likewise to be denounced as gravely unjust are cases where, in international relations, economic help given for the advancement of peoples is made conditional on programs of contraception, sterilization and procured abortion.”

Pope John Paul II (1920–2005) 264th Pope of the Catholic Church, saint

Apostolic exhortation Familiaris Consortio on the role of the Christian family in the modern world, 22 November 1981, St Peter's Basilica

Justice , Freedom , Children , People

“Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

"Recession Economics," New York Review of Books, Volume 29, Number 1 (4 February 1982)

Horse

“Like it or not, one of the most spectacular events of our age is the comparative success of the Communist economic systems. … Do you seriously imagine that there is no challenge from the Communist States on this level? And who do you think will win the contest if we stumble on as we are—the Communist States, which are not afraid of full production, or the Western States, which have still never achieved for any considerable period full production and full employment without inflation? Yes, who will win—the Communist States, who are turning out trained technicians at an unexampled pace, or the Western powers, who contentedly spend more on advertising than education?”

Michael Foot (1913–2010) British politician

'Up The Garden', The Spectator (22 January 1960), pp. 8–9
1960s

Imagination , Success , Thinking , Age

“THE ARMAMENTS RACE IN EUROPE MUST BE STOPPED NOW. … I am not in favour of going to war in order to defend the Foreign Investments of British financiers, or the protective tariffs of British industrialists. … I am a young man. I appeal to the Youth of the Monmouth Division to consider what the world offers to our generation. WAR and POVERTY are the twin dangers which threaten our chances of a decent, happy life in the World. All over Europe youth is being recruited into the ranks of Fascism. Fascism represents the last attempt of those who control economic power to maintain their supremacy. … I WANT TO SEE A GOVERNMENT IN THIS COUNTRY WHICH WILL SERVE THE INTERESTS OF THE DESERVING MANY, AND NOT THOSE OF THE WEALTHY FEW.”

Michael Foot (1913–2010) British politician

Source: Election address (c. November 1935), quoted in Mervyn Jones, Michael Foot (Victor Gollancz, 1994), p. 43

Chance , Country , War , Youth

“The Government of the proletarian dictatorship, together with the Communist Party and trade unions, is of course leaving no stone unturned in the effort to overcome the backward ideas of men and women, to destroy the old un-communist psychology. In law there is naturally complete equality of rights for men and women. And everywhere there is evidence of a sincere wish to put this equality into practice. We are bringing the women into the social economy, into legislation and government. All educational institutions are open to them, so that they can increase their professional and social capacities. We are establishing communal kitchens and public eating-houses, laundries and repairing shops, nurseries, kindergartens, children’s homes, educational institutes of all kinds. In short, we are seriously carrying out the demand in our programme for the transference of the economic and educational functions of the separate household to society. That will mean freedom for the woman from the old household drudgery and dependence on man. That enables her to exercise to the full her talents and her inclinations. The children are brought up under more favourable conditions than at home.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

As quoted by Clara Zetkin in "Lenin on the Women’s Question", My Memorandum Book https://www.marxists.org/archive/zetkin/1920/lenin/zetkin1.htm, 1920.
Attributions

Home , Housing , Law , Freedom

“The economic basis for a true Socialist Republic does not yet exist… Communism is failing. Russian expectations are not towards communism, but towards capitalism…. The capitalist classes are advancing in serried ranks towards the promised land, destined to become in a few decades one of the greatest productive forces in the world.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

As quoted in The Life of Benito Mussolini, Margherita Sarfatti, London: UK. Thornton Butterworth, Ltd., 1926, p. 261, remarks made at the end of 1920. https://archive.org/stream/in.ernet.dli.2015.173841/2015.173841.The-Life-Of-Benito-Mussolini_djvu.txt
1920s

World , Communication

“The retreat has come to an end; it is now a matter of regrouping our forces. These are the instructions that the Congress must pass so as to put an end to fuss and bustle. Calm down, do not philosophize; if you do, it will be counted as a black mark against you. Show by your practical efforts that you can work no less efficiently than the capitalists. The capitalists create an economic link with the peasants in order to amass wealth; you must create a link with peasant economy in order to strengthen the economic power of our proletarian state. You have the advantage over the capitalists in that political power is i n your hands; you have a number of economic weapons at your command; the only trouble is that you cannot make proper use of them.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

"Communism and New Economic Policy",(April 1921)
1920s

Wealth , Making love , Effort

“The economic basis for the complete withering away of the state is such a high stage of development of communism at which the antithesis between mental and physical labour disappears, at which there consequently disappears one of the principal sources of modern social quality - a source, moreover, which cannot on any account be removed immediately by the mere conversion of the means of production into public property, by the mere expropriation of the capitalists.”

Vladimir Lenin book The State and Revolution

The Lenin Anthology, p.379
The State and Revolution (1917)

Communication

“We must now try to sum up, to draw together the threads of what has been said above on the subject of imperialism. Imperialism emerged as the development and direct continuation of the fundamental characteristics of capitalism in general. But capitalism only became capitalist imperialism at a definite and very high stage of its development, when certain of its fundamental characteristics began to change into their opposites, when the features of the epoch of transition from capitalism to a higher social and economic system had taken shape and revealed themselves in all spheres. Economically, the main thing in this process is the displacement of capitalist free competition by capitalist monopoly.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Seven

Drawing , Change

“Our bill does what the American people want by substantially increasing the estate tax on the wealthiest families in this country and dramatically reducing wealth inequality. From a moral, economic, and political perspective our nation will not thrive when so few have so much and so many have so little.”

Bernie Sanders (1941) American politician, senator for Vermont

Bernie Sanders Has a Plan to Tax the Rich That’s About As Radical as What Teddy Roosevelt Proposed, by John Nichols, The Nation https://www.thenation.com/article/bernie-sanders-progressive-estate-tax-teddy-roosevelt/ (12 February 2019)
2010s, 2019, February 2019

Family , Wealth , People , Country

“We are going to transform this country and finally create an economy and a government which works for all of us, not just the 1 percent. The underlying principles of our government will not be greed, hatred and lies. It will not be racism, sexism, xenophobia, homophobia and religious bigotry. This campaign will be based on justice—on economic justice, on social justice, on racial justice, on environmental justice.”

Bernie Sanders (1941) American politician, senator for Vermont

Quoted in: Bernie Sanders kicks off 2020 campaign in Brooklyn, The New York Post, Khristina Narizhnaya and Eileen AJ Connelly, https://nypost.com/2019/03/02/bernie-sanders-kicks-off-2020-campaign-in-brooklyn/ (2 March 2019)
2010s, 2019, March 2019

Justice , Country

“If man acted unkindly toward non-human beings only when he had to do so in order to avoid harm to himself—if he were as economical in his injuries to others as he would be if he had to endure them himself—the violence which to-day marks his dominion of the planet would be reduced to a mere vestige of what it is.”

J. Howard Moore (1862–1916)

Source: The New Ethics (1907), The Perils of Over-population, p. 155

“If I were making a world and could arrange it as I wanted to, only humanitarians would be allowed to practice vivisection. Only those would be allowed to practice it who would be as economical in inflicting pain on others as they would be in inflicting it on themselves. Vivisection in the hands of those without sympathy, in the hands of those who are still in the mists of anthropocentrism, will always be abused, will always be, what it is to-day, largely a pastime and a hobby.”

J. Howard Moore (1862–1916)

"Discovering Darwin", Proceedings of the International Anti-Vivisection and Animal Protection congress, held at Washington, D.C. December 8th to 11th, 1913 (1913), p. 158The only consistent attitude, since Darwin established the unity of life (and the attitude we shall assume, if we ever become really civilised), is the attitude of universal gentleness and humanity.

World , Pain , Making love

“I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society. Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Success , Communication , Problem , Sense

“The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor — not by force, but on the whole in faithful compliance with legally established rules.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Faith , Evil , Communication

“I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Time , Dependency , Suffering , Nature

“The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Making love , Dependency , Nature

“Other people have marveled at the growth and strength of America. They have wondered how a few weak and discordant colonies were able to win their independence from one of the greatest powers of the world. They have been amazed at our genius for self-government. They have been unable to comprehend how the shock of a great Civil War did not destroy our Union. They do not understand the economic progress of our people. It is true that we have had the advantage of great natural resources, but those have not been exclusively ours. Others have been equally fortunate in that direction. The progress of America has been due to the spirit of the people. It is in no small degree due to that spirit that we have been able to produce such great leaders.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

If coming generations are to maintain a like spirit, it will be because they continue to support the principles which these men represented. It is for that purpose that we erect memorials. We can not hold our admiration for the historic figures which we shall see here without growing stronger in our determination to perpetuate the institutions which their lives revealed and established.
1920s, Address at the Black Hills (1927)

Understanding , War , People , Nature

“Most Americans – regardless of whether they were once on the left or right – have become politically disempowered and economically insecure. Nowadays it’s the boardwalk versus private jets on their way to the Hamptons.”

Chris Hedges (1956) American journalist

"The Enemy Within" (2019)

Way

“American socialism cannot be modeled on the former Soviet Union, China, Cuba, or other countries with different historical, economic, and cultural developments.”

Michael Parenti (1933) American academic

Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 17, p. 334

Country

“There is no such thing as unbiased or objective reporting of news. All reports and analyses are selective and inferential to some inescapable degree - all the more reason to provide a wider ideological spectrum of opinions and not let one bias predominate. If we consider censorship to be a danger to our freedom, then we should not overlook the fact that the media are already heavily censored by those who own or advertise in them. The very process of selection allows the politico-economic interests of the selector to operate as a censor.”

Michael Parenti (1933) American academic

Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 10 , p. 177

Freedom

“America represents more than just an economic system; it is an entire cultural and social order, a plutocracy, a system of rule that is mostly by and for the rich. Most universities and colleges, publishing houses, mass circulation magazines, newspapers, television and radio stations, professional sports teams, foundations, churches, private museums, charity organizations, and hospitals are organized as corporations, ruled by boards of trustees (or directors or regents) composed overwhelmingly of affluent business people. These boards exercise final judgement over all institutional matters.”

Michael Parenti (1933) American academic

Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 3, p. 33

Sport , Housing , Business , People

“Social and economic inequalities are to satisfy two conditions: first, they are to be attached to positions and offices open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit to the least-advantaged members of society.”

John Rawls book Political Liberalism

Source: Political Liberalism (1993), p. 6

“Social and economic inequalities, for example inequalities of wealth and authority, are just only if they result in compensating benefits for everyone, and in particular for the least advantaged members of society.”

John Rawls book A Theory of Justice

Source: A Theory of Justice (1971; 1975; 1999), p. 14.

Wealth

“Maintaining a rotten economic system has nothing to do with nationalism, which is an affirmation of the Fatherland. I can love Germany and hate capitalism. Not only can I, I must. Only the annihilation of a system of exploitation carries with it the core of the rebirth of our people.”

Joseph Goebbels (1897–1945) Nazi politician and Propaganda Minister

“Those Damn Nazis: Why Are We Nationalists?” https://research.calvin.edu/german-propaganda-archive/haken32.htm written by Joseph Goebbels and Mjölnir, Die verfluchten Hakenkreuzler. Etwas zum Nachdenken, Nazi propaganda pamphlet (Munich: Verlag Frz. Eher, 1932)
1930s

Love , Hate , People , Making love

“In economics, because everybody seemed to find it necessary to attack and condemn Karl Marx in their writings, I sought out his book, and although he kept me with a headache, I took him my authority. I was not prepared to understand him, but I was able to see in him a thoroughgoing critique of and condemnation of capitalism. It was like taking medicine for me to find that, indeed, American capitalism deserved all th hatred and contempt that I felt for it in my heart.”

Eldridge Cleaver (1935–1998) American activist

"On Becoming"
1960s, Soul on Ice (1968)

Books , Heart , Understanding

“Without these experimental tests, very few physicists would have accepted general relativity. There are many hypotheses in physics of almost comparable brilliance and elegance that have been rejected because they did not survive such a confrontation with experiment. In my view, the human condition would be greatly improved if such confrontations and willingness to reject hypotheses were a regular part of our social, political, economic, religious and cultural lives.”

Carl Sagan (1934–1996) American astrophysicist, cosmologist, author and science educator

Source: The Dragons of Eden (1977), Chapter 7, “Lovers and Madmen” (p. 193)

Parting

“The channels of world trade are so obstructed by the pursuit of nationalist economic policy that steps should be taken at once to make it possible to arrive at an international economic agreement which would revive international trade. A return to free trade pure and simple would only increase unemployment.”

Ramsay MacDonald (1866–1937) British statesman; prime minister of the United Kingdom

Speech to the National Labour conference at Caxton Hall, London (28 October 1935), quoted in The Times (29 October 1935), p. 9
1930s

World , Making love

“People at the top do not want to share their power. They’ve always got some marvellous reason: I’m following my religion; I’m following the laws of economics. Even Stalin: I’m representing the vanguard of the working class, so please don’t cause trouble. That is the battle that every generation has, and yet we mustn’t be pessimistic about it…”

Tony Benn (1925–2014) British Labour Party politician

Tony Benn interview “Hope is the key, Share International” https://share-international.org/magazine/old_issues/2003/jan_03.htm#benn (January 2003)
2000s

Religion , People , Law

“The fines on the engineering union and the heavy damages that may be levied against the transport union go well beyond questions of economic policy and strike at the roots of free trade unionism. Conscientious objection to the law is not a criminal act. It is not the same as an attempt to overturn the Government and set up a new one, without elections, by the direct use of industrial strength.”

Tony Benn (1925–2014) British Labour Party politician

Speech in Wells, Somerset (23 November 1973) on Hugh Scanlon's union's rejection of the Industrial Relations Act, quoted in The Times (24 November 1973), p. 2
1970s

Law , Question

“All these present struggles revolve around the question: Who are we? They are a refusal of these abstractions, of economic and ideological state violence, which ignore who we are individually, and also a refusal of a scientific or administrative inquisition which determines who one is.”

Michel Foucault (1926–1984) French philosopher

Source: "The Subject and Power" (1982), p. 781

Question

“In reality, economic xenophobia and ordinary xenophobia always end up colliding. The nastier of Europe’s anti-immigrant and ethno-nationalist movements argue that ethnic solidarity is necessary to preserve the welfare state. Among ordinary Swedes, the topic of immigrants’ — non-Nordic people’s — relatively high rates of unemployment and welfare dependency is politically charged.”

Kevin D. Williamson (1972) American writer

The Whitest Privilege (2015)

Reality , People , Dependency