Economic Competition Quotes & Sayings

We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety. — Robin Hahnel

One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later. — Reid Hoffman

Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism. — Aung San Suu Kyi

The parallel between antifeminism and race prejudice is striking. The same underlying motives appear to be at work, namely fear, jealousy, feelings of insecurity, fear of economic competition, guilt feelings, and the like. Many of the leaders of the feminist movement in the nineteenth-century United States clearly understood the similarity of the motives at work in antifeminism and race discrimination and associated themselves with the anti slavery movement. — Ashley Montagu

A very high fraction of America's economic problems come not from our difficulties with education or globalization or competition with the Chinese or whatever. But they come from the fact that a small number of wealthy and powerful people who run dangerous and/or inefficient companies are able, through the use of money in the political process, to prevent the government from regulating them properly. — Charles Ferguson

Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics. — George Reisman

If a legislator is safe from competition, or if he represents groups with the same economic and political beliefs, he does not have to change his ideas or respond to the needs of the broader population. He can rest content with a mediocre, absentee performance knowing he will be returned to office. And as he is returned year after year the seniority system gives him immense control over people from other parts of the country whose views he need not heed at all. — Edward Kennedy

The profit motive, when it is the sole basis of an economic system, encourages a cutthroat competition and selfish ambition that inspires men to be more concerned about making a living than making a life. — Martin Luther King Jr.

We have before us the fiendishness of business competition and the world war, passion and wrongdoing, antagonism between classes and moral depravity within them, economic tyranny above and the slave spirit below. — Karl Barth

It's not that racism doesn't exist. Lots of people in New York, and elsewhere, hate because of color and gender, religion and national origin. It's just that I rarely worry about those things because there's a real world underneath all that nonsense; a world that demands my attention almost every second of the day.
Racism is a luxury in a world where resources are scarce, where economic competition is an armed sport, in a world where even the atmosphere is plotting against you. In an arena like that racism is more of a halftime entertainment, a favorite sitcom when the day is done. — Walter Mosley

Economic activity is no longer an adversarial contest between embattled sellers and buyers "In the distributed economy, where collaboration trumps competition, inclusivity replaces exclusivity and transparency and openness to others becomes essential to the new way of conducting business, empathic sensibility has room to breathe and thrive. It is no longer so constrained by hierarchies, boundaries of exclusion, and a concept of human nature that places acquisitiveness, self-interest, and utility at the center of the human experience." — Jeremy Rifkin

The presumed causes of Americas troubles can be summed up simply: the evils of unlimited competition, and abuses by those with economic power. — Charles A. Reich

The future of Japan's economic growth depends on us having the willpower and the courage to sail without hesitation onto the rough seas of global competition. — Shinzo Abe

It is impossible not to notice how little the proponents of the ideal of competition have to say about honesty, which is the fundamental economic virtue, and how very little they have to say about community, compassion, and mutual help. — Wendell Berry

Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed. — Ludwig Erhard

The sharper the competition, the better it serves its social function to improve economic production. — Ludwig Von Mises

Homo economicus was surreptitiously taken as the emblem and analogue for all living beings. A mechanistic anthropomorphism has gained currency. Bacteria are imagined to mimic "economic" behavior and to engage in internecine competition for the scarce oxygen available in their environment. A cosmic struggle among ever more complex forms of life has become the anthropic foundational myth of the scientific age. — Ivan Illich

The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist. — George Stigler

When dealing with Arab society, [we are dealing with] a production system that is in competition with others (and not with a theoretical opposition between specific economic rationalities), a social structure that must at all times prove its viability in the world arena (and not with its inner logic, which is theoretically as total, as elegant, and plausible as that of any other society whatever), a practical politics that is in perpetual disequilibrium (and not with elaborate theories about the best form of government), a language that must constantly prove its creativity and capacity for adaptation in competition with other languages in an accelerating evolutionary situation (and not with a theory of the language at a given moment of its evolution). — Abdallah Laroui

or creed." These rights included: The right to a useful and remunerative job in the industries or shops or farms or mines of the nation; The right to earn enough to provide adequate food and clothing and recreation; The right of every farmer to raise and sell his products at a return which will give him and his family a decent living; The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad; The right of every family to a decent home; The right to adequate medical care and the opportunity to achieve and enjoy good health; The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment; The right to a good education. Roosevelt — H.W. Brands

America's peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few financial panics and two depressions, to be sure. But in this period, a frenzy of creative activity, economic competition and rapid growth in national income provided widening economic inclusion, rising wages for all, and engaging careers for most. — Edmund Phelps

Bring on those tired, labor-plagued, competition-weary companies and ESOP will breathe new life into them. They will find ESOP better than Geritol. It will revitalize what is wrong with capitalism. It will increase productivity. It will improve labor relations. It will promote economic justice. It will save the economic system. It will make our form of government and our concept of freedom prevail over those who don't agree with us. — Russell B. Long

A child free from the guilt of ownership and the burden of economic competition will grow up with the will to do what needs doing and the capacity for joy in doing it. It is useless work that darkens the heart. The delight of the nursing mother, of the scholar, of the successful hunter, of the good cook, of the skilful maker, of anyone doing needed work and doing it well, - this durable joy is perhaps the deepest source of human affection and of sociality as a whole. — Ursula K. Le Guin

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. — Carne Ross

The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery. — Joseph Stiglitz

Sometimes, marriages fail because people are immature, or because expectations are unrealistic on both sides. Sometimes people die because they have incurable diseases, not because their families turned to the wrong doctor or waited too long to go to the hospital. Sometimes business fail because economic conditions or powerful competition doom them, not because one person in charge made a wrong decision in a crucial moment. If we want to be able to pick up the pieces of our lives and go on living, we have to get over the irrational feeling that every misfortune is our fault, the direct result of our mistakes or misbehaviour. We are really not that powerful. Not everything that happens in the world is our doing. — Harold S. Kushner

The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity. — Ludwig Von Mises

Corporate competition is fierce, viewed by many as economic warfare where all is fair. But politics ... now, this is something unique. — John McAfee

Believing, erroneously, the greater environment to be stable a given population quickly forgets the horrors of a few generations before - the competition, the droughts, volcanoes, economic depression, war, pestilence, dictatorship, genocide - and get comfortable where they are, courting complacency and by doing so unwittingly eroding the very success they are, for the present, enjoying. — John Zande

The stark reality facing us today is that without the labour reforms, workers will get neither the income nor jobs in the face of cut-throat global economic competition. — Kim Young-sam

It is easier to allow a few women to occupy positions of authority and dominance than to question whether social life should be organized around principles of hierarchy, control, and dominance at all, to allow a few women to reach the heights of the corporate hierarchy rather than question whether people's needs should depend on an economic system based on dominance, control, and competition. It is easier to allow women to practice law than to question adversarial conflict as a model for resolving disputes and achieving justice. It has even been easier to admit women to military combat roles than to question the acceptability of warfare and its attendant images of patriarchal masculine power and heroism as instruments of national policy. And it has been easier to elevate and applaud a few women than to confront the cultural misogyny that is never far off, waiting in the wings and available for anyone who wants to use it to bring women down and put them in their place. — Allan G. Johnson

What in the name of reason does this nation expect of a people, poorly trained and hard pressed in severe economic competition, without political rights, and with ludicrously inadequate common-school facilities? What can it expect but crime and listlessness, offset here and there by the dogged struggles of the fortunate and more determined who are themselves buoyed by the hope that in due time the country will come to its senses? — W.E.B. Du Bois

Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? — Paul J. Zak

If the twenty-first century turns out to be a time of low (demographic and economic) growth and high return on capital (in a context of heightened international competition for capital resources), or at any rate in countries where these conditions hold true, inheritance will therefore probably again be as important as it was in the nineteenth century. An evolution in this direction is already apparent in France and a number of other European countries, where growth has already slowed considerably in recent decades. For the moment it is less prominent in the United States, essentially because demographic growth there is higher than in Europe. But if growth ultimately slows more or less everywhere in the coming century, as the median demographic forecasts by the United Nations (corroborated by other economic forecasts) suggest it will, then inheritance will probably take on increased importance throughout the world. — Thomas Piketty

The industrial civilisation is based on the consumption of energy resources that are inherently limited in quantity and that are about to become scarce. When they do, competition for what remains will trigger dramatic economic and geopolitical events; in the end, it may be impossible for even a single nation to sustain industrialism as we have know it in the twentieth century. — Richard Heinberg

A fourth argument, one that was made by Alexander Hamilton and continues to be repeated down to the present, is that free trade would be fine if all other countries practiced free trade but that so long as they do not, the United States cannot afford to. This argument has no validity whatsoever, either in principle or in practice. Other countries that impose restrictions on international trade do hurt us. But they also hurt themselves. Aside from the three cases just considered, if we impose restrictions in turn, we simply add to the harm to ourselves and also harm them as well. Competition in masochism and sadism is hardly a prescription for sensible international economic policy! Far from leading to a reduction in restrictions by other countries, this kind of retaliatory action simply leads to further restrictions. — Milton Friedman

The social-political future of the United States is one of domination by vast economic interests devoted to ideals of material gain, aimless activity, & physical comfort - interests controlled by shrewd, insensitive, & not often well-bred leaders recruited from the standardised herd through a competition of hard wit & practical craftiness - a struggle for place & power which will eliminate the true & the beautiful as goals, & substitute the strong, the huge, & the mechanically effective. — S.T. Joshi

A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition. — Thomas Piketty

Markets do not automatically generate trust, cooperation or collective action for the common good. Quite the contrary: it is in the nature of economic competition that a participant who breaks the rules will triumph - at least in the short run - over more ethically sensitive competitors. — Tony Judt

There is a clear connection between developing the skills and talents of young people, and our economic success as a province. Initiatives like the Make Your Pitch competition and the Ontario Social Impact Voucher help us nurture the next generation of business leaders. We will continue creating an inviting environment for our next generation of entrepreneurs, ensuring they develop the right skills needed to succeed in a globally competitive economy and build the future of Ontario. — Brad Duguid

The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth. — George Reisman

The inescapable fact is that when we build a society based on greed, selfishness, and ruthless competition, the fruits we can expect to reap are economic insecurity at home and international discord abroad. — Tommy Douglas

Deep caring about each other's fate does seem to be on the decline, but I do not believe that New Age narcissism is much to blame. The external causes of our moral indifference are a fragmented mass society that leaves us isolated and afraid, an economic system that puts the rights of capital before the rights of people, and a political process that makes citizens into ciphers.

These are the forces that allow, even encourage, unbridled competition, social irresponsibility, and the survival of the financially fittest. The executives who brought down the major corporations by taking indecent sums off the top while wage earners of modest means lost their retirement accounts were clearly more influenced by capitalist amorality than by some New Age guru. — Parker J. Palmer

It was the Faith which gradually and indirectly transformed the slave into the serf, and the serf into the free peasant ... You will not be able to set up in a pagan or an heretical or a wholly indifferent society the institutions characteristic of economic freedom; you will not be able to curb competition which alone would be sufficient to destroy such freedom, nor pursue permanently and consecutively anyone part of the program. The thing must be done as a whole, and it can be done as a whole only by the ambient influence of Catholicism. — Hilaire Belloc

History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came up with. When people compete to achieve the same goal, great things seem to happen that otherwise would not. Things get done faster, cheaper, and better; new methods for lifting a weight or quenching a thirst are invented; the average guy ends up with more of the stuff he likes at a lower price than before. That is why, in the end, socialism collapsed like a rotten wall: it did not allow its people to compete and, as a result, it not only made their economic life miserable, but strangled their hearts and souls. — Michele Boldrin

And one of the worst effects was that by suppressing critical thought, it also suppressed critical thought in the field of economics and hampered the development of economics - and the country would fall back further and further in the economic competition with the West. — Stefan Heym

The flames of a new economic evolution run around us, and we turn to find that competition has killed competition, that corporations are grown greater than the State . . . and that the naked issue of our time is with property becoming master, instead of servant. — Doris Kearns Goodwin

From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress. — George Gilder

How skillful to tax the middle class to pay for the relief of the poor, building resentment on top of humiliation! How adroit to bus poor black youngsters into poor white neighborhoods, in a violent exchange of impoverished schools, while the schools of the rich remain untouched and the wealth of the nation, doled out carefully where children need free milk, is drained for billion-dollar aircraft carriers. How ingenious to meet the demands of blacks and women for equality by giving them small special benefits, and setting them in competition with everyone else for jobs made scares by an irrational, wasteful system. How wise to turn the fear and anger of the majority toward a class of criminals bred - by economic inequity - faster than they can be put away, deflecting attention from the huge thefts of national resources carried out within the law by men in executive offices. — Howard Zinn

Under perfect competition, in the long run no company makes an economic profit. — Peter Thiel

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 so-called radical Negroes who have read and misunderstood Karl Marx and his disciples and would solve the political as well as the economic problems of the race by an immediate application of these principles. History shows that although large numbers of people have actually tried to realize such pleasant dreams, they have in the final analysis come back to a social program based on competition. — Carter G. Woodson

Although Herbert Hoover in many ways prefigured him, it was Franklin D. Roosevelt who first tried to create an explicit corporate state in America with his National Recovery Administration (NRA). With its fascist-style Blue Eagle emblem, the NRA coordinated big business and labor in a central plan, and outlawed competition. The NRA even employed vigilante groups to spy on smaller businesses and report if they violated the plan. Just as in Mussolini's Italy, the beneficiaries of the U.S. corporate state were - in addition to the government itself - established economic interest groups. NRA cheerleaders included the National Association of Manufacturers, the U.S. Chamber of Commerce, the American Bar Association, the United Mine Workers, the Amalgamated Clothing Workers, and - above all - Gerard Swope of General Electric, who helped draft the NRA act. Only — Ludwig Von Mises

Advertising as the printed form of selling would seem ... ultimately to be justified in so far as it serves as a means of increasing legitimate human wants, as an agency of fair and economic competition in the distribution of goods, and as a stimulant to social progress. — Daniel Starch

unless a company has some kind of economic moat, predicting how much shareholder value it will create in the future is pretty much a crapshoot, regardless of what the historical track record looks like. Looking at the numbers is a start, but it's only a start. Thinking carefully about the strength of the company's competitive advantage, and how it will (or won't) be able to keep the competition at bay, is a critical next step. — Pat Dorsey

Might not too much investment in teaching Shelley mean falling behind our economic competitors? But there is no university without humane inquiry, which means that universities and advanced capitalism are fundamentally incompatible. And the political implications of that run far deeper than the question of student fees. — Terry Eagleton

The fascinating thing to a dispassionate observer about the structure of life in the Soviet Union is that in their efforts to produce an unknown that we may let its ideologists call Socialism the Communist dictators have produced a brutal approximation of monopoly Capitalism, a system that has all the disadvantages of our own, with none of the palliatives which come to us from surviving competition and from the essential division of economic and political power which has so far made it possible for the humane traditions of the Western world to continue. — John Dos Passos

We know that the only alternative to private competition is government monopoly of enterprise. We know that when government monopolizes production, distribution, and employment, it is no longer the servant of men - it is their master. And, therefore, we know that economic liberty and political liberty are inseparable parts of the same ball of wax - that we must keep them both, or we shall lose them both. — Benjamin Franklin Fairless

I believe it is still true that conflicts among major powers usually stem from geopolitical rivalries but rarely from economic competition. — Robert Kagan

What do you expect?" he said. "For generations they've been built up to worship competition and the market, productivity and economic usefulness, and the envy of their fellow men-and boom! it's all yanked out from under them. They can't participate, can't be useful any more. Their whole culture's been shot to hell. — Kurt Vonnegut

When you talk about the economic process of a society, sometimes we separate it into two stories. One is about monetary variables. But then, we very often assume the underlying arrangement, the other variable, is 'perfect competition,' which means people do whatever they are supposed to do. — Leonid Hurwicz

Many of us in the West have come to feel that the development of technology in the military and economic fields has produced a single world in which the central problems, both military and economic, are going to require co-operation rather than continued confrontation and competition. — Denis Healey

Freedom requires that government keep the channels of competition and opportunity open, prevent monopolies, economic abuse and domination. — Herbert Hoover

In economic life competition is never completely lacking, but hardly ever is it perfect. — Joseph A. Schumpeter

Instead of engaging in cutthroat competition, we should strive to create value. In economic terms, this means a transition from a consumer economy - the mad rush for ownership and consumption - to a constructive economy where all human beings can participate in the act of creating lasting worth. — Daisaku Ikeda