Quotes & Sayings About Economic Collapse

The progressive Left can be in favor of Big Government or population control but not both. The mutual incompatibility is about to plunge Europe into societal collapse. There is no precedent in human history for economic growth on declining human capital - and that's before anyone invented unsustainable welfare systems. — Mark Steyn

The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade. — Milton Friedman

Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world. — Kathleen Parker

For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen capitalism as intrinsically unstable, full of contradictions that will lead eventually to its collapse. Its supporters see it as the best way to allocate resources and rewards. Some even hint that the democratic capitalistic society is not just a phase in the historical evolution of economic systems but its ultimate end. — Raghuram Rajan

I don't think I'd have wanted to be around during a dark age. It's odd, though. They had interstellar flight. And data retrieval and everything." Gabe nodded. "None of it matters if you have an unstable society and tin-pot dictators. They had several hundred years of economic collapse. Widespread poverty. A few people at the top had all the money and influence. They had terrible overpopulation, struggles over water and resources. Civil wars. And widespread illiteracy." The thirty-second to the thirty-ninth century. "It's a wonder we survived. — Jack McDevitt

If challenges within this Global Economic sphere are not addressed, we risk having the same populace that celebrated the collapse of communism, or their future generations, rising up to demand that we go back to communistic approaches to the economy. Rising national debt of global powers, the growing gap between the rich and poor and the ripple effects of related threats, remain a challenge for the global economy. Will you be one of the leaders who have a unique mission with part of the illusive answers? Will you help more people rise to a better educational and economic status? — Archibald Marwizi

Businesses that fail to develop their staff are twice as likely to collapse. Firms seeking to reposition themselves for the economic upturn need to invest in their staff's flexibility, responsiveness and skills. — David Blunkett

The Abyss. Globalization had many economic benefits but, as in our own times, the creation of a truly international economic network combined greater efficiency with greater fragility. In 1914 a highly optimized system crashed in what was, without doubt, the biggest financial collapse of all time. (Unlike in 1929 or in 2008, the world's major stock markets were forced to suspend trading for no less than five months.) — Niall Ferguson

More than a century of marinating in this stew of products, ads, and desire has transformed the way people see themselves and the world. Although lack of self-control has always plagued humanity, for the first time in history, an economic system has been created that relies on it. If people began suppressing their desires and consuming only what they needed, our economy would collapse. To prevent this, satisfying personal desires has become sacrosanct. — Skye Jethani

We have got to cut the spending. We have got to fix Medicare and Social Security. And actually, if we don't cut spending, this country is already broke. We are going off the financial cliff: the big cliff that is going to cause a total economic collapse of America. — Paul Broun

How can HOW help us repair our faltering global economy?
Only by getting our "hows" right can we ensure that we are sustainable. This can only be achieved when we are rooted in, and inspired by, sustainable values. The global economic meltdown supplied a perfect, but painful, example of how sustainability cannot be guided by situational values. The economic crash occurred because too many financial companies became disconnected from fundamental values and long-term sustainable thinking. Instead of nurturing sustainable collaborations, banks, lenders, borrowers and shareholders pursued short-term relationships founded on situational values. More than ever we need to get out of this cycle of crises and build long-term success and deep human connections so that we achieve enduring significance in today's globally interconnected world. — Dov Seidman

I believe that the banks and the financial services industry take more than their fair share of our profits by using unfair business tactics. It now appears that our entire financial system has taken far more risk than is warranted by its capital structure and that this will lead to a market crash affecting economies worldwide. Gordon L. Eade — Kenneth Eade

The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath. — Barry Eichengreen

But how can you understand a war without any knowledge of the society where it happens? It's like trying to understand birth without knowing anything about pregnancy or conception. Or like trying to understand our current economic collapse without knowing what a derivative is. — Annia Ciezadlo

If people feel lost and alone and helpless and broken and hopeless today, what will it be like if the world really begins to come apart at the hinges? — Brandon Andress

They all had a thousand good economic and political reasons why they couldn't stop. I'm not a politician or a businessman; how am I supposed to persuade them about these things. What are we supposed to do; quite likely the world will collapse and disappear under water; but at least that will happen for political and economic reasons we can all understand, at least it will happen with the help of science, technology and public opinion, with human ingenuity of all sorts! Not some cosmic catastrophe but just the same old reasons to do with the struggle for power and money and so on. There's nothing we can do about that. — Karel Capek

We therefore have a good chance of overcoming the problem of resource scarcity. The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In — Yuval Noah Harari

We are on the edge of economic collapse unless we wake up and
forcibly take back control of our government and economy. Over the
past 100 years, the game has been rigged, slowly and piecemeal at
first, always in the name of serving the greater good, preventing the
next bubble or providing greater transparency and security. It is as if
the American people are suffering from battered spouse syndrome; the
politicians, the greedy bankers, and the Fed all lie to us while they
steal our wealth and our liberty. Every time we call them on it, they
promise to never do it again if we'll just give them one more chance.
So we let it slide and then act shocked when they do it to us again.
Maybe we should have our collective head examined. — Ziad K. Abdelnour

Revolutions as often take place because the old regime simply collapse out of economic inefficiency and bureaucratic rigidity rather than for the reasons given out by their successors taking too much credit, however heroic their actions at the time of crisis (but so often in the past hopeless). — Bernard Crick

Our economic system and our planetary system are now at war. Or, more accurately, our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction in humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it's not the laws of nature. — Naomi Klein

I come from a country in which I experienced economic collapse. — Angela Merkel

At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses. — Karl Liebknecht

Almost every time I speak to teenagers, particularly young female students who want to talk to me about feminism, I find myself staggered by how much they have read, how creatively they think and how curiously bullshit-resistant they are. Because of the subjects I write about, I am often contacted by young people and I see it as a part of my job to reply to all of them - and doing so has confirmed a suspicions I've had for some time. I think that the generation about to hit adulthood is going to be rather brilliant.
Young people getting older is not, in itself, a fascinating new cultural trend. Nonetheless the encroaching adulthood and the people who grew up in a world where expanding technological access collided with the collapse of the neoliberal economic consensus is worth paying attention to. Because these kids are smart, cynical and resilient, and I don't mind saying that they scare me a little. — Laurie Penny

What the climate needs to avoid collapse is a contraction in humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. — Naomi Klein

If the present economic structure can change only by collapsing, then it had better collapse as soon as possible. — Germaine Greer

I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible. — Charley Reese

If the positive innovations connect exponentially before the massive breakdowns reinforce one another, the system can re-pattern itself to a higher order of consciousness and freedom without the predicted economic, environmental, and social collapse ... If the system could go either way, a slight intervention to assist the convergence of the positive can tip the scales of evolution in favor of the enhancement of life on Earth. — Barbara Marx Hubbard

Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble. — Kenneth Fisher

Where affluence is the rule, the true threat is the loss of desire.(...) What is new is not that prosperity depends on stimulating demand. It is that it cannot continue without inventing new vices. — John Gray

If we want to survive this economic collapse, new mandatory school subjects should be eCommerce, Chinese, spirituality and aesthetics. — Robin Sacredfire

The world was different. The world feared touch. — R.M. James

The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. — Noam Chomsky

Mark Spitz had met plenty of the divine-retribution folks over the months. This was their moment; they were umbrella salesmen standing outside a subway entrance in a downpour. The human race deserved the plague, we brought it on ourselves for poisoning the planet, for the Death of God, the calculated brutalities of the global economic system, for driving primordial species to extinction: the entire collapse of values as evidenced by everything from nuclear fission to reality television to alternate side of the street parking. Mark Spitz could only endure these harangues for a minute or two before he split. It was boring.The plague was the plague. You were wearing galoshes, or you weren't. — Colson Whitehead

Out of the slaughter of some 20,000 Communards, out of military defeat and economic collapse, what had in fact emerged was a regime whose capacity for government had been doubtful from its inception. So much, indeed, was this the case that within three years a society brought to the brink of ruin was clamoring for a dictator. — Hannah Arendt

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman

Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008. — Said Elias Dawlabani

So far we have seen the weakening and collapse of small and medium-sized states in Africa and the Middle East. But quasi-anarchy in larger states like Russia and China, on which the territorial organization of Eurasia hinges, could be next - tied to structural economic causes linked, in turn, to slow growth world-wide. — Robert D. Kaplan

The Marshall Plan was the ultimate weapon deployed on this economic front. After the war, the German economy was in crisis, threatening to bring down the rest of Western Europe. Meanwhile, so many Germans were drawn to socialism that the U.S. government opted to split Germany into two parts rather than risk losing it all, either to collapse or to the left. In West Germany, the U.S. government used the Marshall Plan to build a capitalist system that was not meant to create fast and easy new markets for Ford and Sears but, rather, to be so successful on its own terms that Europe's market economy would thrive and socialism would be drained of its appeal. — Naomi Klein

The plague did not lead to Europe's economic collapse. Rather, Europe's currency-driven economic collapse led to the plague. — Douglas Rushkoff

No revolution can be successful without organization and money. "The downtrodden masses" usually provide little of the former and none of the latter. But Insiders at the top can arrange for both. What did these people possibly have to gain in financing the Russian Revolution? What did they have to gain by keeping it alive and afloat, or, during the 1920's by pouring millions of dollars into what Lenin called his New Economic Program, thus saving the Soviets from collapse? Why would these "capitalists" do all this? If your goal is global conquest, you have to start somewhere. It may or may not have been coincidental, but Russia was the one major European country without a central bank. In Russia, for the first time, the Communist conspiracy gained a geographical homeland from which to launch assaults against the other nations of the world. The West now had an enemy. In the Bolshevik Revolution — Gary Allen

Now, in this generation, the entirety of the globe is facing an ideological and socio-political collapse on a grand scale. This is by design, it is man-made. The outcome is still carefully assessed with little room for error or improvement. There is only one flaw: the divine element in humanity. Our sentient consciousness bestows with the capacity to support the freedom of thought and movement with the inherent awareness that both come at a cost. When we speak our minds, we are going to offend and be offended. There are no safe spaces in conversation. People will say things we don't like. We have to accept this is the price of freedom of speech. When we allow for freedom of movement during times of war, we have to accept that we are inviting in enemies as well as refugees, especially when we don't bother to discern which is which. Even the best, most selfless intentions can pave the way to our downfall... — Anita B. Sulser PhD

Cyprus was a breath away from economic collapse. It was a big battle in which we came out wounded, but upright and determined to make a fresh start. — Nicos Anastasiades

Today, the rich are the haves and the poor are the have-nots. Tomorrow, the rich will be the have-food and the poor will be the have-not food. — Bill Gaede

Human activity is destroying the natural systems that we depend upon for our survival. Our most basic instinct as humans is to survive; yet we continue to destroy our life-support machine. Connected humans understand this terrible contradiction; disconnected humans are not able to.

Not all humans are responsible: just those who are part of Industrial Civilization. Industrial Civilization depends on economic growth and the unsustainable use of natural resources, so it has developed a complex set of tools for keeping people disconnected from the real world and living a life that keeps civilization running. Humans have been manipulated in order to be part of a destructive system.

The only way to prevent global ecological collapse and thus ensure the survival of humanity is to rid the world of Industrial Civilization. — Keith Farnish

When people believe that the local government and economy serve their needs. There is little desire to protest. — Auliq Ice

I wrote a novel about an economic/environmental collapse titled 'Soft Apocalypse,' and that's definitely the sort I'm best prepared for. To write the novel, I did a lot of reading on what we might expect, so at the first sign, I'm ready to convert all of my assets to gold and ammo and stock up on freeze-dried food. — Will McIntosh

I'll bet you didn't think a handful of economists could save the world, did you? You thought the world would end with nuclear war or something? No, it's much more basic than that. It's more likely going to be from a disruption in the water supply, power, and from lack of food due to an economic collapse. Either that or a financial war. — Kenneth Eade

You have to distinguish between two things - the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skovde. That's the Swedish economy, and it's just as strong or weak today as it was a week ago ...
The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with the Swedish economy. — Stieg Larsson

Why is no one talking about all the potential savings from a complete economic collapse? — Eugene Mirman

The economic position is only flourishing on the surface. Germany is in fact dancing on a volcano. If the short-term credits are called in, a large section of our economy would collapse. — Gustav Stresemann

Reification, the essential tendency of capitalism, can never be wholly realized. If it were, if the system were actually able to change individuals into things moved only by economic "forces," it would collapse not in the long run, but immediately. The struggle of people against reification is, just as much as the tendency towards reification, the condition for the functioning of capitalism. Capitalism can function only by continually drawing upon the genuinely human activity of those subject to it, while at the same time trying to level and dehumanize them as much as possible. — Cornelius Castoriadis

Another myth of necessity is that killing is an economic imperative. While an economic motive has driven many violent ideologies
the economy of the New World was largely buttressed by slavery, and the plundering of gold and other assests as well as the unpaid labor of Nazi victims financed the German war machine
that doesn't mean the economy would collapse were the killing to cease. It is far more likely that the economic status quo would break down; the carnistic-corporate power structure, rather than the citizenry, would suffer were carnism abolished. — Melanie Joy

A nation lives by its myths and heroes. Many societies have survived defeat and invasion, even political and economic collapse. None has survived the corruption of its picture of itself. High and popular art are not in competition here. Both may help citizens decide what they are and what they admire. In our age, however, high art has given up speaking to the body of its fellow citizens. It devotes itself to technical displays that can appeal only to other technicians. — E. Christian Kopff

The collapse of communism and a recognition of its economic and humanitarian catastrophes took the romance out of revolutionary violence and cast doubt on the wisdom of redistributing wealth at the point of a gun. — Steven Pinker

We live in a time of turmoil. Earthquakes and tsunamis wreak devastation, governments collapse, economic stresses are severe, the family is under attack,
and divorce rates are rising. We have great cause for concern. But we do not need to let our fears displace our faith. We can combat those fears by strengthening our faith. — Russell M. Nelson

If you thought financial crises came and went, just count on them - another economic collapse, it's almost going to be like not news any more. But for startups this is great, because it's a perpetual driver of disruption. — Steve Jurvetson

Being resolute today means to act within the framework of political and social pluralism and the rule of law to provide conditions for continued reform and prevent a breakdown of the state and economic collapse, prevent the elements of chaos from becoming catastrophic.
All this requires taking certain tactical steps, to search for various ways of addressing both short- and long-term tasks. Such efforts and political and economic steps, agreements based on reasonable compromise, are there for everyone to see. — Mikhail Gorbachev

the democracies of the west, which had been the drivers of 20th century growth, were in rapid decline. Beset with corrupt and bloated governments, bankrupted by decades of appalling mismanagement, riddled with cronyism, and unable to recapture the economic dynamism of their past, they were teetering on the verge of collapse. The — Jay Allan

The complete collapse of the belief in the attainability of freedom and equality through Marxism," writes Peter Drucker, "has forced Russia to travel the same road toward a totalitarian, purely negative, non-economic society of unfreedom and inequality which Germany has been following. Not that communism and fascism are essentially the same. Fascism is the stage reached after communism has proved an illusion, and it has proved as much an illusion in Stalinist Russia as in pre-Hitler Germany."9 No less significant — Friedrich Hayek

With the growth of market individualism comes a corollary desire to look for collective, democratic responses when major dislocations of financial collapse, unemployment, heightened inequality, runaway inflation, and the like occur. The more such dislocations occur, the more powerful and internalized, Hayek insists, neoliberal ideology must become; it must become embedded in the media, in economic talking heads, in law and the jurisprudence of the courts, in government policy, and in the souls of participants. Neoliberal ideology must become a machine or engine that infuses economic life as well as a camera that provides a snapshot of it. That means, in turn, that the impersonal processes of regulation work best if courts, churches, schools, the media, music, localities, electoral politics, legislatures, monetary authorities, and corporate organizations internalize and publicize these norms. — William E. Connolly

The idea wasn't to make a direct political statement since the current economic collapse hadn't begun when we started on the book. The parallels I'm most interested in are the ways that human nature never changes, no matter how far back in time you look. — James Vance

If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board — Philippe Ries

Historians will likely give Obama credit for steering the country away from the brink of economic collapse in 2009. — Ron Fournier

Instead of prosperity, socialism has brought economic paralysis and/or collapse to every country that tried it. The degree of socialization has been the degree of disaster. The consequences have varied accordingly. — Ayn Rand

I propose that the forces of corporate totalitarianism are deliberately destroying this entire world in order to sell their simulated version of it back to us at a profit. — Diane Harvey

People will continue to make movies. But I do think the economic model of the studio movie is closing in on a kind of systemic collapse. — Matthew Specktor

Detroit had an accumulated debt of $20 billion, including a $9 billion debt with the public workers pension plans. The fact Puerto Rico and Detroit, showcased many similarities, led to speculation about the real possibility of the island's fiscal collapse. In Puerto Rico's case, at that point, the debt amounted to $71.3 billion and the local economy's structural problems were very similar to those in Detroit. The effects of the end of Section 936 in the island, the eventual economic stagnation, and the public debt, professional's emigration, and the continued reduction of the tax base have generated a sort of spiral fall. — Gustavo Velez

Man steps on an ant when he can't catch the fly. — Bill Gaede