Quotes about subsidy

A collection of quotes on the topic of subsidy, governance, government, people.

Quotes about subsidy

“Legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole — with their common aim of legal plunder — constitute socialism.”

Frédéric Bastiat book The Law

The Law (1850)

School, Way

“The big bankers of the world, who practise the terrorism of money, are more powerful than kings and field marshals, even more than the Pope of Rome himself. They never dirty their hands. They kill no-one: they limit themselves to applauding the show.
Their officials, international technocrats, rule our countries: they are neither presidents nor ministers, they have not been elected, but they decide the level of salaries and public expenditure, investments and divestments, prices, taxes, interest rates, subsidies, when the sun rises and how frequently it rains.
However, they don't concern themselves with the prisons or torture chambers or concentration camps or extermination centers, although these house the inevitable consequences of their acts.
The technocrats claim the privilege of irresponsibility: 'We're neutral' they say.”

Eduardo Galeano (1940–2015) Uruguayan writer

Galeano (1991) Professional Life/3 p. 108; As cited in: Paul Farmer (2005) Pathologies of Power: Health, Human Rights, and the New War on the Poor.. p. 10

Money, World, Sun, Housing

“When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.”

Henry Hazlitt (1894–1993) American journalist

Business, Support, Success

“To the people who are upset about their hard-earned tax money going to things they don’t like: welcome to the f*cking club. Reimburse me for the Iraq war and oil subsidies, and diaphragms are on me!”

Jon Stewart (1962) American political satirist, writer, television host, actor, media critic and stand-up comedian

Money, War, People

“The right path to health-care reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make health care run the same way as the post office. Obama seems to favor the latter path, even though he admits that it is the least well-performing one. This is surely the definition of fanaticism. If the mobs aren't angry, they should be.”

Lew Rockwell (1944) American libertarian author and editor

13 August 2009, "Obama and the Post Office" http://www.lewrockwell.com/rockwell/obama-postoffice126.html 2000s

Health, Way, Universe

“Tax revenues are up 59 percent since 1980. Because of our economic growth? No. During Carter's four years, we had growth of 37.2 percent; Reagan's five years have given us 30.7 percent. The new revenues are due to four giant Republican tax increases since 1981. All republicans rightly chastised Carter for his $38 billion deficit. But they ignore or even defend deficits of $220 billion, as government spending has grown 10.4 percent per year since Reagan took office, while the federal payroll has zoomed by a quarter of a million bureaucrats… big government has been legitimized in a way the Democrats never could have accomplished. It was tragic to listen to Ronald Reagan on the 1986 campaign trail bragging about his high spending on farm subsidies, welfare, warfare, etc… the IRS has grown bigger, richer, more powerful, and more arrogant. In the words of the founders of our country, our government has "sent hither swarms" of tax gatherers "to harass our people and eat out their substance." His officers jailed the innocent George Hansen, with the President refusing to pardon a great American whose only crime was to defend the Constitution. Reagan's new tax "reform" gives even more power to the IRS. Far from making taxes fairer or simpler, it deceitfully raises more revenue for the government to waste… I want to totally disassociate myself from the policies that have given us unprecedented deficits, massive monetary inflation, indiscriminate military spending, an irrational and unconstitutional foreign policy, zooming foreign aid, the exaltation of international banking, and the attack on our personal liberties and privacy.”

Ron Paul (1935) American politician and physician

Letter to chairman of the RNC http://www.textfiles.com/politics/ron_paul.txt Frank Fahrenkopf (March 1987). 1980s

People, Way, Personality, Country

“We had to make certain that violence and intimidation and impossible demands could not win. There would have been neither freedom not order in Britain if we had given in to violence. There would have been no hope for any prosperous industry if people had gone on strike, really, for bigger and bigger subsidies from the tax-payers, because in the end it is the tax-payers who pay these subsidies. So that is over.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Remarks on the end of the miners' strike (3 March 1985) http://www.margaretthatcher.org/document/105982 Second term as Prime Minister

People, Hope, Freedom

“What are needed are the development of an ideological-cultural mechanism which permits both free inquiry and the uprooting of the weeds which multiply so easily in the fertile soil of state subsidies.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Man and Socialism in Cuba (1965)

“I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly…they want monopolies, they want government subsidies, they want preferences – they're not interested in free markets.”

Ian Bremmer (1969) American political scientist

"The West Should Fear the Growth of State Capitalism," http://www.telegraph.co.uk/finance/economics/7883061/The-West-should-fear-the-growth-of-state-capitalism-Ian-Bremmer.html The Daily Telegraph (July 10, 2010).

“We should align government subsidies to private and public colleges with courses that meet the demands of the market. Like engineering and computer sciences.”

Francis Escudero (1969) Filipino politician

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

Science

“It has been showcased as a tool exclusively meant for disbursement of subsidies and we do not realise that it can also be used for mass surveillance. Can the government … assure us that this Aadhaar card and the data that will be collected under it – biometric, biological, iris scan, finger print, everything put together – will not be misused as has been done by the NSA in the U. S.?”

Tathagata Satpathy (1956) Indian politician

On the Aadhaar project, as quoted in " India's billion-member Aadhaar biometric database raises privacy fears http://in.reuters.com/article/india-aadhaar-privacy-fears-idINKCN0WI2JW" Reuters (16 March 2016)

“I think the issues happen to be so important for the future of Canada. (spoken over Brian Mulroney's objections) I happen to believe that you've sold us out…once any country yields its economic levers, once a country yields its investments, once a country yields its energy, once a country yields its agriculture, once a country opens itself to a subsidy war with the United States on terms of definition, then the political ability of this country to sustain the influence of the United States, to remain as an independent nation- that is lost forever!”

John Turner (1929) 17th Prime Minister of Canada

Attacking the Free Trade agreement in the 1988 Federal Election debate, October 25, 1988.
Source: https://www.cbc.ca/archives/entry/mulroney-battles-turner-on-free-trade-in-1988

War, Thinking, Future, Country

“In a very real sense, every subsidy and privilege … is a form of slavery. Slavery, simply put, is the use of coercion to live off of someone else's labor. For example, consider the worker who pays $300 a month for a drug under patent, that would cost $30 in a free market. If he is paid $15 an hour, the eighteen hours he works every month to pay the difference are slavery. Every hour worked to pay usury on a credit card or mortgage is slavery. The hours worked to pay unnecessary distribution and marketing costs (comprising half of retail prices), because of subsidies to economic centralization, is slavery. Every additional hour someone works to meet his basic needs, because the state tilts the field in favor of the bosses and forces him to sell his labor for less than it is worth, is slavery. All these forms of slavery together probably amount to half our working hours. If we kept the full value of our labor, we could probably maintain current levels of consumption with a work week of twenty hours. As Bill Haywood said, for every man who gets a dollar he didn't sweat for, someone else sweated to produce a dollar he never received.”

Kevin Carson (1963) American academic

The Iron Fist Behind the Invisible Hand (2002)

Sense

“No, you cannot expect people to understand the higher reaches of philosophy. Culture should be taken out of the hands of the dollar chasers. We need a national subsidy for literature. It is disgraceful that artists are treated like peddlers and that art works have to be sold like soap.”

Herbert Marcuse (1898–1979) German philosopher, sociologist, and political theorist

Negations: Essays in Critical Theory (1968)

People, Art, Literature, Understanding

“Almost all of today's rich countries used tariff protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries that are supposed to have reached the summit of the world economy through their free-market, free-trade policy, are actually the ones that had most aggressively used protection and subsidies.”

Ha-Joon Chang (1963) Economist

"Kicking Away the Ladder" http://www.paecon.net/PAEReview/issue15/Chang15.htm, post-autistic economics review, issue no. 15, 1 September 2002, article 3

World, Country

“[A] revenue-neutral carbon tax would benefit all Americans by eliminating the need for costly energy subsidies while promoting a level playing field for energy producers.”

George Shultz (1920) American economist, statesman, and businessman

Why We Support a Revenue-Neutral Carbon Tax: Coupled with the elimination of costly energy subsidies, it would encourage competition. http://www.wsj.com/articles/SB10001424127887323611604578396401965799658 "Commentary" article in the Wall Street Journal, co-authored with the Nobel-Prize-winning economist Gary Becker, dated April 7, 2013.

“To gain control over this resource, and have probably military bases there, is a tremendous achievement for world control. You read counter-arguments to this, and they're worth looking at. So it's argued that it can't be true, because the costs of reconstruction are going to be greater than the profits that will be made. Well, maybe that's true, maybe it isn't, but it's totally irrelevant. And the reason is because the costs of reconstruction are going to be paid by the taxpayer, by you, and the profits are going to go right into the pockets of the energy corporations. So yeah, it doesn't matter how they balance out, it's just another taxpayer subsidy to the rich.”

Noam Chomsky (1928) american linguist, philosopher and activist

KGNU benefit at the University of Colorado at Boulder, April 5, 2003 http://www.freespeech.org/fscm2/contentviewer.php?content_id=418 Quotes 2000s, 2003

World, Reading

“The case for dumping iPhone, or at least threatening to do so in order to renegotiate Apple's subsidy requirement away, seems pretty open and shut. Apple has things all its own way right now — skimming the lion's share of the profits off the carriers' business without having to shoulder their risks. But this is an unstable situation, because the carriers' investors won't tolerate it indefinitely. What happens when they revolt?”

Eric S. Raymond (1957) American computer programmer, author, and advocate for the open source movement

The Smartphone Wars: The market share scramble and Apple’s long con http://esr.ibiblio.org/?p=4128 in Armed and Dangerous (8 February 2012)

Way, Business

“Reform is a word you always ought to watch out for. Like, when Mao started the Cultural Revolution it wasn't called a reform. Reform is a change that you're supposed to like. So as soon as you hear the word reform you can reach for your wallet and see who's lifting it. […] Subsidy is another interesting word, kind of like reform. It's a subsidy if public funds are used for public purposes. That's called a subsidy. It's not called a subsidy when it goes to private wealth. That's reform or something.”

Noam Chomsky (1928) american linguist, philosopher and activist

Talk titled "Free Market Fantasies" at Harvard University, April 13, 1996 https://chomsky.info/19960413/. Quotes 1990s, 1995-1999

Change, Wealth

“The vision pursued by the founders of the EU was one of economic self interest, (subsidies, protection and investment) and lofty aspiration, (peace, prosperity and justice). It was predicated on a Europe without borders where mutual economic interests would lead to perpetual peace. A soft Kantian Marxism underpinned the European Union from the start, in which economic interests and a legal order would displace local institutions and national politics.”

Maurice Glasman, Baron Glasman (1961) British philosopher

The case against remaining in the EU on LabourList.org, 2 June 2016 http://labourlist.org/2016/06/why-should-labour-support-the-european-union-the-case-for-out/

Peace, Justice

“When a government subsidy deprives the child of its dad the government is really subsidizing child abuse.”

Warren Farrell book The Myth of Male Power

Source: The Myth of Male Power (1993), Part III: Government as substitute husband, p. 348.

“The long-awaited "campaign finance reform" vote finally took place last week, with the House ultimately passing the measure. The debate was full of hypocritical high-minded talk about cleaning up corruption, all by the very politicians of both parties who dole out billions in corporate subsidies and welfare pork. It was quite a spectacle watching the big-spending, perennially-incumbent politicians argue that new laws were needed to protect them from themselves!”

Ron Paul (1935) American politician and physician

Don't Believe the Hype- "Campaign Finance Reform" Serves Entrenched Interests http://www.ronpaullibrary.org/document.php?id=240 (February 18, 2002). 2000s, 2001-2005

Law, Housing

“What does peace mean in a world in which the combined wealth of the world's 587 billionaires exceeds the combined gross domestic product of the world's 135 poorest countries? Or when rich countries that pay farm subsidies of a billion dollars a day, try and force poor countries to drop their subsidies? What does peace mean to people in occupied Iraq, Palestine, Kashmir, Tibet and Chechnya? Or to the aboriginal people of Australia? Or the Ogoni of Nigeria? Or the Kurds in Turkey? Or the Dalits and Adivasis of India? What does peace mean to non-Muslims in Islamic countries, or to women in Iran, Saudi Arabia and Afghanistan? What does it mean to the millions who are being uprooted from their lands by dams and development projects? What does peace mean to the poor who are being actively robbed of their resources and for whom everyday life is a grim battle for water, shelter, survival and, above all, some semblance of dignity? For them, peace is war.”

Arundhati Roy (1961) Indian novelist, essayist

A selection from a speech entitled "Peace given on November 7, 2004 while accepting the Sydney Peace Prize.
Speeches

Life, Women, War, People

“Reaganites learned it is POLICY change that changes economic trajectory. Reagan’s successes were built on establishing a fiscal framework that invigorated our entire economy, revitalized growth and investment while decreasing spending, tax rates, over-reaching regulations, unemployment, and favoritism via individual subsidies. We need Reaganites in the new Administration. However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses.”

Sarah Palin (1964) American politician

2016, But… Wait… The Good Guys Won’t Win With More Crony Capitalism (December 2, 2016)

School, Home, Business, Learning

“When Bonaparte was to be dethroned, the Sovereigns of Europe called up their people to their aid; they invoked them in the sacred names of Freedom and National Independence; the cry went forth throughout Europe: and those, whom Subsidies had no power to buy, and Conscriptions no force to compel, roused by the magic sound of Constitutional Rights, started spontaneously into arms. The long-suffering Nations of Europe rose up as one man, and by an effort tremendous and wide spreading, like a great convulsion of nature, they hurled the conqueror from his throne. But promises made in days of distress, were forgotten in the hour of triumph…The rulers of mankind…had set free a gigantic spirit from its iron prison, but when that spirit had done their bidding, they shrunk back with alarm, from the vastness of that power, which they themselves had set into action, and modestly requested, it would go down again into its former dungeon. Hence, that gloomy discontent, that restless disquiet, that murmuring sullenness, which pervaded Europe after the overthrow of Bonaparte; and which were so unlike that joyful gladness, which might have been looked for, among men, who had just been released from the galling yoke of a foreign and a military tyrant. In 1820 the long brooding fire burst out into open flame; in Germany it was still kept down and smothered, but in Italy, in Spain, and in Portugal, it overpowered every resistance.”

Henry Temple, 3rd Viscount Palmerston (1784–1865) British politician

Speech http://hansard.millbanksystems.com/commons/1830/mar/10/affairs-of-portugal in the House of Commons (10 March 1830). 1830s

Men, People, Nature, Effort

“Foundational to our exceptional nation’s sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency’s sake, then the market’s invisible hand punishes. Thankfully, that same hand rewards, based on good business decisions. But this time-tested truth assumes we’re operating on a level playing field. When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.”

Sarah Palin (1964) American politician

2016, But… Wait… The Good Guys Won’t Win With More Crony Capitalism (December 2, 2016)

People, Truth, Business, Support

“These proposals included cries for billions of new money for social assistance in the name of “child poverty” and for more business subsidies in the name of “cultural identity. In both cases I was sought out as a rare public figure to oppose such projects.””

Stephen Harper (1959) 22nd Prime Minister of Canada

The Bulldog, National Citizens Coalition, February 1997.
1990s

Money, Business

“Let me close by reminding you of what Newton actually did on the day that he conceived G = k \frac{mm'}{r^2}. …Newton did not have any subsidies, grants, funds, Secret Service money. But he had the moon. He said, "… I cannot throw a ball round the world, but let me picture the moon as if it were a ball which has been flung around the world… How long will it take to go round the world?" …He knew the value of gravity at the earth's surface …but he did not know the value of the earth's gravity for the moon. He said, "Let us suppose that it is given by an inverse square law. Now, how long will it take the moon to go around?"”

Jacob Bronowski (1908–1974) Polish-born British mathematician

It comes out at twenty-eight days. As Newton said, "They agreed pretty nearly."
The Origins of Knowledge and Imagination (1978)

Money, Secret, World, Law

“It is almost enough to make one's jaw drop to think that officials at the World Bank and the IMF would suggest that they have poverty alleviation in mind when they force governments to withdraw subsidies that enable poor people to get clean water to drink. If this is a policy aimed at helping the world's poor, it's interesting to imagine what a policy aimed at hurting the world's poor would look like.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

People, World, Imagination, Drink

“The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on some to pay subsidies to others. And presumably, these others have a vote.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Source: (1962), Ch. 12 The Alleviation of Poverty, 2002 edition, p. 194

Jean-François Revel (1924–2006) French writer and philosopher

As quoted in Totalitarian Temptation http://www.friesian.com/gonzalz2.htm#note-9 (1976). 1970s

Secret, History, Falseness

“Avant-garde artistes such as respondents remain entirely free to é pater les bourgeois [shock the middle classes]; they are merely deprived of the additional satisfaction of having the bourgeoisie taxed to pay for it. It is preposterous to equate the denial of taxpayer subsidy with measures 'aimed at the suppression of dangerous ideas.”

Antonin Scalia (1936–2016) former Associate Justice of the Supreme Court of the United States

On tax-funded art: National Endowment for the Arts v. Finley (1998) (concurring).
1990s

Idea

“The feminist-only funding leads to studies that misinform the nation that a divorced mother is economically more hurt than a divorced man, so judges feel a mandate to make his future income hers, and legislatures feel fine about refusing to make his mother subsidy payments tax deductible even as she pays no taxes on the money received. And all this perpetuates the belief that he earns more money….”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Father and Child Reunion (2001), p. 240.

Money, Feeling, Study, Future

“The Scots are subsidy junkies whingeing like a trampled bagpipe as they wait for their next fix of English taxpayers' money.”

Christopher Monckton (1952) British public speaker and hereditary peer

Angus McLeod. Christopher Monckton and his support for subsidies to Scotland, Sunday Mail, April 16, 1995.

Money, Waiting

“[The press from right to left, is corrupt. It will say anything if the bribe is large enough]… gloss over events according to the color of the subsidy, undress, attack, traduce, rant, all according to the sum in the envelope. [177]”

Louis-ferdinand Céline (1894–1961) French writer

L'Ecole des cadavres (1938)

Color

“The methods by which the "Empire of Business" maintains its control over journalism are four: First, ownership of the papers; second, ownership of the owners; third, advertising subsidies; and fourth, direct bribery. By these methods there exists in America a control of news and of current comment more absolute than any monopoly in any other industry.”

Upton Sinclair book The Brass Check

The Brass Check (1919)

Business

“Producers in developing countries entering new industries need a period of (partial) insulation from international competition (through protection, subsidies and other measures) before they can build up their capabilities to compete with superior foreign producers. Of course, when the infant producers 'grow up' and are able to compete with the more advanced producers, the insulation should go. But this has to be done gradually. If they are exposed to too much international competition too soon, they are bound to disappear.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, Poor theory, poor results, p. 73

Country

“[The Nazis] handed out billions in price subsidies to farmers…. As early as December 1939, a high-ranking financial administrator complained that the privileging of farmers ‘is in many case so grotesque that it can scarcely be kept secret from the rest of the populace, segments of which are being called on to make real sacrifices.”

Götz Aly (1947) German journalist, historian and social scientist

Source: Hitler’s Beneficiaries: Plunder, Racial War, and the Nazi Welfare State (2007), p. 55

Secret

“At least we’ll hear less about corn subsidies and Corinthians II, or is it Two Corinthians? Discuss. No, don’t! Stupid, stupid people. Again, that’s Trump talking, not me. He uses that word to describe nearly everyone not named Donald J. Trump. He’s presented no governing philosophy, no policy details, nothing resembling even-keeled judgment. He’s running a combustible celebrity feud fest, and you love it.”

Timothy Egan (1954) American writer

How Stupid Is Iowa? (2016)

Love, People, Stupidity

“There may be those who wish to hear more — more promises to this group or that — more harsh rhetoric about the men in the Kremlin — more assurances of a golden future, where taxes are always low and subsidies ever high. But my promises are in the platform you have adopted — our ends will not be won by rhetoric and we can have faith in the future only if we have faith in ourselves.”

John F. Kennedy (1917–1963) 35th president of the United States of America

1960, The New Frontier

Men, Faith, Future

“I don't know that Trump favors protective tariffs, import quotas or export subsidies. I do know that we don't have free trade. What goes for 'free trade' is trade managed by powerful bureaucracies—national and transnational international—central planners concerned with regulating, not freeing, trade; whose goal it is to harmonize labor, health, and environmental laws throughout the developed world. The undeveloped and developing worlds do as they please. My understanding is that Trump simply wants to make these agreements and organs work for the American people.”

Ilana Mercer South African writer

"Trump and Trade," http://www.wnd.com/2016/03/trump-and-trade/ WorldNetDaily.com, March 11, 2016. 2010s, 2016

People, Health, World, Law

“"People tend to think like, 'Why should electric vehicles have a subsidy,' but they're not taking into account that all fossil fuel-burning vehicles fundamentally are subsidised by the cost—the environmental cost—to Earth, but nobody's paying for it… We are going to pay for it, obviously—in the future we'll pay for it. It's just not paid for now."—Elon Musk”

Elon Musk (1971) South African-born American entrepreneur

interview with Joe Rogan, published 2018-09-06

People, Thinking, Future

“Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 297-298

Education, Future

“American communities require that new housing meet quality requirements that are very high by world or even Western European and Japanese standards. These requirements are designed by middle-class architects, planners, and citizens in conformity with what they believe is decent housing. But their concept of decency far surpasses what is necessary for human health and safety. Consequently, all new American dwellings are too costly for low-income people to occupy without direct subsidies. But subsidies are provided for only a few of the many households with incomes low enough to be eligible for them. So poor people live in unsubsidized older dwellings.”

Anthony Downs (1930) English economist and politologist

Source: Jay M. Stein (1996). Classic Readings in Real Estate and Development. p. 447

People, Health, World, Communication

“Unsurprisingly, the recipients of climate change subsidies and climate change research grants think action is very urgent indeed. As for the general public, of course saving the planet counts – until the bills come in and then the humbug detector is switched on.”

Tony Abbott (1957) Australian politician

Quoted in "'I've learnt to speak my mind': 10 excerpts from Tony Abbott's climate change speech in London'" http://www.smh.com.au/federal-politics/political-news/ive-learnt-to-speak-my-mind-ten-excerpts-from-tony-abbotts-climate-change-speech-in-london-20171009-gyxk92.html, Sydney Morning Herald, October 10, 2017 2017

Thinking, Change

“Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of competitors into a given field, by legislative action.”

Ayn Rand book The Voice of Reason

The Voice of Reason (1989)

“Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!”

Ron Paul (1935) American politician and physician

Has Capitalism Failed? http://www.house.gov/paul/congrec/congrec2002/cr070902.htm (July 9, 2002). 2000s, 2001-2005

Money, Education

“[A] revenue-neutral carbon tax would benefit all Americans by eliminating the need for costly energy subsidies while promoting a level playing field for energy producers.”

Gary S. Becker (1930–2014) American economist

“Newt Gingrich … quite demonstrably is the leading welfare freak in the country.… His own district in Cobb County Georgia gets more federal subsidies than any suburban county in the country, outside of the federal system itself.”

Noam Chomsky (1928) american linguist, philosopher and activist

Quotes 1990s, 1995-1999, Education and Democracy, 1995

Country

“Christianity has sufficient inner strength to survive and flourish on its own. It does not need state subsidies, nor state privileges, nor state prestige. The more it obtains state support the greater it curtails human freedom.”

William O. Douglas (1898–1980) Associate Justice of the Supreme Court of the United States

The Bible and the Schools‎ (1966), p. 58
Other speeches and writings

Support, Freedom

“I am sorry, I do not think it is a good thing, because if you have opened up this market under such terms, what it implies is that other countries can put their products into our markets. Are you aware that all those advanced countries subsidize their exports? Subsidies are as high as 65 per cent. Now if you have globalized, and the others are subsidising their exports, to what position have you exposed the Indian dairy industry? You have declared dairy products under OGL”

Verghese Kurien (1921–2012) Indian founder of dairy-cooperative Amul

Open General License
Quote, The man who revolutionised white

Thinking, Country

“• New Special Provision under the Department of Health on the National Health Insurance Program, allocating the sum of P37.060 billion to cover the full premium subsidy of the health insurance premium for the following: a) Indigent Families under the NHTS-PR of the DSWD; b) Existing 2014 Poor and Low Income Enrolees, other than the Indigent Families under the NHTS-PR of DSWD, enrolled under the National Health Insurance Program (NHIP) whose enrolment have been validated and renewed for 2015; c) Indigent Elected and Appointed Barangay Officials, which shall include the Punong Barangay, Members of the Sangguniang Barangay, Barangay Secretary, Barangay Treasurer, Barangay Health Workers and Barangay Tanod; and d) Senior Citizens, again, in accordance with law;”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Health, Family, Law

“On eroding, ecologically degraded, increasingly toxic landscapes, worked by failing or subsidy-dependent farmers and by the cheap labor of migrants, we have erected the tottering tower of "agribusiness," which prospers and "feeds the world" (incompletely and temporarily) by undermining its own foundations.”

Wendell Berry (1934) author

Citizenship Papers (2003), A Citizen's Response

World, Dependency

“I think the Canadian people have a right to know: Why, when your primary objective was to get unfettered and secure access into the American Market we didn't get it. Why you didn't put clauses in to protect our social programs in this negotiation we'll have on the definition of subsidies where the heavy weight of the American Republic will be put in against us. Why did that not happen? Why also, did we get a situation where we surrendered our Energy policy to the United States, something which they'd been trying to achieve since 1956? Why did we abandon our farmers? Why did we open our Capital Markets so that a Canadian Bank can be bought up and we don't have reciprocal rights into the American Market at all? And why did you remove any ability to control the Canadian ownership of our businesses? These are questions that Canadians deserve to have an answer to, and we have not had an opportunity in six hours to deal with them in a way that would make you come out of your shell!”

John Turner (1929) 17th Prime Minister of Canada

People, Way, Question, Business

“Given the external benefits higher education creates, it is efficient that taxpayers subsidies should be a permanent part of the landscape.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 329

Education, Parting

“We have not cut subsidies. We have not cut wages. We have not compromised on planning… We have not faltered in our commitment to anti-poverty programmes… We have come out of it with our heads high”

Pranab Mukherjee (1935) 13th President of India

1984 Budget speech, Quoted on BBC News, "Pranab Mukherjee's chequered career" http://www.bbc.com/news/world-asia-india-18580133, June 26, 2012. Context: Belying the prophecies of doom by many a self-styled Cassandra, the economy has emerged stronger as a result of adjustment effort mounted by us...; We have not cut subsidies. We have not cut wages. We have not compromised on planning... We have not faltered in our commitment to anti-poverty programmes... We have come out of it with our heads high.

“Not all countries have succeeded through protection and subsidies, but few have done so without them.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Prologue, p. 17
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Context: Britain and the US are not the homes of free trade; in fact, for a long time they were the most protectionist countries in the world. Not all countries have succeeded through protection and subsidies, but few have done so without them. For developing countries, free trade has a rarely been a matter of choice; it was often an imposition from outside, sometimes even through military power. Most of them did very poorly under free trade; they did much better when they used protection and subsidies. The best-performing economies have been those that opened up their economies selectively and gradually. Neo-liberal free-trade free-market policy claims to sacrifice equity for growth, but in fact it achieves neither; growth has slowed down in the past two and a half decades when markets were freed and borders opened.

Country

“Government subsidies can be critically analyzed according to a simple principle: You are smarter than the government, so when the government pays you to do something you wouldn't do on your own, it is almost always paying you to do something stupid.”

P. J. O'Rourke (1947) American journalist

All the Trouble in the World (1994)

Stupidity

“As Germany was formerly managed it was a millstone about our necks; as managed now, it is a millstone about the neck of France. When I came in, I found the subsidy to Prussia dictated by Hanover, not by Great Britain. I insisted that national defence and America must stand first, nor would I agree to the German war until every other service had been provided for. I acceded to the plan of a Ministry that wanted vigour and borrowed their majority to carry on their own plan. But I carried it on in my own way, and, though that may have been the wrong way, I offer myself confitentem reum, if I have not thereby annihilated French power in the East and West Indies.”

William Pitt, 1st Earl of Chatham (1708–1778) British politician

Speech in the House of Commons (9 December 1761), quoted in Basil Williams, The Life of William Pitt, Earl of Chatham. Volume II (London: Longmans, 1914), p. 132
1760s

War, Way

“Low output a man, which is what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.”

Keith Joseph (1918–1994) British barrister and politician

Speech to the Conservative Party Conference in Brighton (12 October 1978), quoted in The Times (13 October 1978), p. 6
1970s

Disease, Parting

“Low output a man, which what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.”

Keith Joseph (1918–1994) British barrister and politician

Speech to the Conservative Party Conference in Brighton (12 October 1978), quoted in The Times (13 October 1978), p. 6
1970s

Disease, Parting

“The only way you’re going to pay for it is not by saddling business. All you do by forcing business to pay for health care or passing a law telling people they have to go buy insurance, which is a subsidy for the insurance companies, all these plans are going backwards.”

Mike Gravel (1930–2021) American politician; United States Senator

Huffington post Mash-up: 2007 Democratic Online Debate
Source: https://www.huffpost.com/entry/mashup-transcript-mike-gr_n_64318

People, Health, Law, Way

“I love Wisconsin, I love coming here. I've performed here a lot because I've discovered that you people apparently have some sort of federal grant for drinking. [audience cheers] It's–you're insane! You pay less for liquor than anybody I know anywhere in the country. Nobody pays any less for liquor than you. What're you–what're you–HOW?! I don't know if you're using that farm subsidy money, or if you're just hijacking liquor trucks, but this is fucking insane. [audience member shouts something] Is it volume? It's unbe–fucking–lievable, it's staggering! I come here because basically if I spend four days here drinking, and even with the plane ticket, it's cheaper than drinking in New York. How do you know when it's New Year's? That's the big mystery to me. What's the difference? I've been in bars here and it's like New Year's every fucking night! "Uh, New Year's, that's when we–we drink with hats on."”

Lewis Black (1948) American stand-up comedian, author, playwright, social critic and actor

Source: The White Album (2000)

Love, Money, People, Drink