Economy As Of Today Quotes & Sayings

We see community organizations as major service providers and economic drivers rather than as recipients or distributors of charity, and coordinators of volunteers. Today they constitute what's referred to as 'the social economy'. — Julia Gillard

13 million Indians will join the workforce every year from now till 2030. They know their prospects aren't good. Here's why: in the years from 1972 to 1983 - not celebrated as a time of overwhelming prosperity - the total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year - almost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won't find one. — Mihir S. Sharma

Health care comprises nearly 20 percent of our national economy, but outdated bureaucracy and red tape have stifled competition and raised costs. As a result, today more than 45 million are without any health coverage. — John Shadegg

To me, it really seems visible today that ethics is not something exterior to the economy, which, as technical matter, could function on its own; rather, ethics is an interior principle of the economy itself, which cannot function if it does not take account of the human values of solidarity and reciprocal responsibility. — Pope Benedict XVI

Although population and consumption are societal issues, technology is the business of business. If economic activity must increase tenfold over what it is today to support a population nearly double its current size, then technology will have to reduce its impact twenty-fold merely to keep the planet at its current levels of environmental impact. For example, to stabilize the climate we may have to reduce real carbon emissions by as much as 80 percent, while simultaneously growing the world economy by an order of magnitude. — Stuart L. Hart

The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised. — Ludwig Von Mises

Fifty years ago, great schools like the University of California and the City University of New York - as well as many state colleges - were tuition free. Today college is unaffordable for many working class families. For the sake of our economy and millions of Americans, we must make higher education more affordable. — Bernie Sanders

Unemployment is considered an evil today, but it would not be if it were supported by a social dividend and spread out over the economy. What if everyone worked 20 percent less, instead of 20 percent of the people working not at all? This economic circumstance coincides with a shift in consciousness as more and more of us reject the conventional notion of work - the division of life into two exclusive zones, work and leisure. — Anonymous

Hadn't been able to avoid hearing about the Tea Party, a recrudescence of the far right sooner than I would've hoped. Depending on whom you ask, the Tea Party formed either as a spontaneous grassroots protest against the government's massive interventions in the economy after the financial collapse of 2008, an hysterical backlash against our first black president, or just a hasty rebranding of the Republican Party now that the name Republican had taken on the same stigma as the Pinto, DC-10, and other products that reliably self-destruct. Their platform was the usual Republican wish list - cut taxes, gut the government, repeal the last century and revoke the social contract - and happened to coincide with the financial interests of their billionaire backers. They were widely regarded, on the left,* as dingbats. But today I was going to resist the impulse to sneer and feel superior and instead try, for once, to listen. — Tim Kreider

In 1962, President John F. Kennedy said, "Our true choice is not between tax reduction on the one hand and avoidance of large federal deficits on the other; it is increasingly clear that no matter what party is in power, as long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance the budget - just as it will never produce enough jobs or enough profits. In short, the paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now. — Ronald Reagan

Although Adam Smith is today often regarded as a "conservative" figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibrating system - the market economy - first developed by the Physiocrats and later made part of the tradition of classical economics by Adam Smith, represented a radically new departure, not only in analysis of social causation but also in seeing a reduced role for political, intellectual, or other elites as guides or controllers of the masses. — Thomas Sowell

In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy continually expands, there is no new flow of money to pay back that money, plus interest." ... "As it stands now, if banks start loaning money more slowly than they collect debts, the quantity of money in the economy goes down, and it's impossible to pay back debts. So we get defaults on houses ... our economy plunges into misery and unemployment. Under our current monetary system, the only alternative to that is endless growth. So one absolute thing we have to change is the whole nature of the monetary system ... we deny banks the right to create money." ... There's a challenge with that solution, he admits. "You're trying to take the right to create wealth away from some of the wealthiest people on the planet. — Alan Weisman

The other financial genius, John McCain, said the fundamentals of our economy are strong, and then yesterday he wanted to fire the head of the SEC
except you can't as president fire the SEC chairman, it's a non-governmental job. Sarah Palin said today one more gaffe from McCain, and she's going to drop him from the ticket. — Bill Maher

As I see it today, Hitler and Goebbels were in fact molded by the mob itself, guided by its yearnings and its daydreams. Of course, Goebbels and Hitler knew how to penetrate through to the instincts of their audiences; but in the deeper sense they derived their whole existence from these audiences. Certainly the masses roared to the beat set by Hitler's and Goebbels' baton; yet they were not the true conductors. The mob determined the theme. To compensate for misery, insecurity, unemployment, and hopelessness, this anonymous assemblage wallowed for hours at a time in obsessions, savagery and license. The personal unhappiness caused by the breakdown of the economy was replaced by a frenzy that demanded victims. By lashing out at their opponents and vilifying the Jews, they gave expression and direction to fierce primal passions. — Albert Speer

David Rockefeller is the most conspicuous representative today of the ruling class, a multinational fraternity of men who shape the global economy and manage the flow of its capital. Rockefeller was born to it, and he has made the most of it. But what some critics see as a vast international conspiracy, he considers a circumstance of life and just another day's work ... In the world of David Rockefeller it's hard to tell where business ends and politics begins — Bill Moyers

The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society. — Saul Alinsky

Sustainability is today's freedom crusade, because the next generation will not live free - will not have the freedom to pursue its economic dreams or to delight in all that nature has to offer - if our approach to the financial world and the natural are not grounded in sustainable values. That lack of sustainability will constrict everything in our lives. It will limit everything we might want to do. Unless we become less dependent on hydrocarbons, and unless we find a balance between the need for markets to be free enough to reward innovation and risk-taking but not so free as to reward recklessness that can destabilize the whole global economy, our lives will be reduced, redacted, and restricted. We will be overwhelmed by all the toxic assets we will produce in the Market and in Mother Nature. It will feel worse than had the Soviet Union won the Cold War, because we and our children will be enslaved by our financial debts and constricted by our ecological debts. — Thomas L. Friedman

Today you have a situation where now the prescription is: People who don't have enough money to buy food should end up paying for their drinking water. That is going to be the kind of situation in which you will get more child labor. You will get more exploitation of women. You're going to get an absolutely exploitative economy as the very basis of living becomes a source of capital accumulation and corporate growth. In fact, the chief of Coca-Cola in India said: "Our biggest market in India comes from the fact that there is no drinking water left. People will have to buy Coca-Cola. — Vandana Shiva

To speak of 'limits to growth' under a capitalistic market economy is as meaningless as to speak of limits of warfare under a warrior society. The moral pieties, that are voiced today by many well-meaning environmentalists, are as naive as the moral pieties of multinationals are manipulative. Capitalism can no more be 'persuaded' to limit growth than a human being can be 'persuaded' to stop breathing. Attempts to 'green' capitalism, to make it 'ecological', are doomed by the very nature of the system as a system of endless growth. — Murray Bookchin

The incredible benefits of practising and applying mindfulness and self-compassion in the workplace are being increasingly recognised by human resource professionals as well as the medical profession, as the stresses of competing in today's global economy take their toll on the mental health and emotional wellbeing of many otherwise talented and enthusiastic individuals in the workplace. — Christopher Dines

Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge. — Arthur Levitt Jr

The problem in today's economy is that people are typically starting a family at the very time they are also supposed to be doing their best work. They are trying to be productive at some of the most stressful times of their lives. What if companies took this unhappy collision of life events seriously? They could offer Gottman's intervention as a benefit for every newly married, or newly pregnant, employee. — John Medina

Despite the fact that Christianity initially was a non-violent radical movement of God's people, many today who claim to be of Christ seem to see war as needed and even God ordained. Such blasphemy is hardly new. Since the days of Constantine (I) when the State and the Church made an unholy alliance, the deception of redemptive warfare has been clung to as if it were a life belt. Yet, ever since the time of Jesus the Messiah and prophets before Him many radicals (often persecuted and outcast) have questioned the morality of war. Now in the 21st Century generations are also rising up against the war machine among both the secular and spiritual sector of society. They recognise that war is for power, economy and pride, not justice or peace. Long may the voices in the wilderness be heard, as they prepare the way for the Lord, who when he comes again will be the undoing of evil and the establisher of a kingdom not of this world that will live in peace forever!!! — David Holdsworth

If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary. — John F. Kennedy

The message from Wal-Mart today to the rest of the business community is there need not be any conflict between the environment and the economy. We will find the way not only to reconcile (those), but to find new profits and new opportunities as we do the right thing. — Al Gore

[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. — Albert Einstein

Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful. — Bernie Sanders

New racial minorities now constitute a fresh and welcome presence in the suburbs and slow-growing rural areas as well as in big cities. They are a much-needed tonic for a labor force that would otherwise be starting to shrink. Furthermore, they will serve as a necessary conduit to other nations in today's increasingly globalized economy. The political clout of racial minorities, both new and old, was demonstrated in the 2008 and 2012 U.S. presidential elections, and diversity within the electorate continues to increase more rapidly than most political strategists could have anticipated only a couple of election cycles ago. — William H. Frey

Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble. — Steve Forbes

The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today. — Tony Blair

Today, much of the global economy is based on debt and confidence. As long as we all keep holding hands and no one breaks ranks, everything will be fine. By the way, the word "fine" is my acronym for "Feeling Insecure, Neurotic and Emotional. — Robert T. Kiyosaki

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

It's not a matter of if economies around the world becoming low-carbon, but when and how: through struggle and strife or through advancement and progressive leadership. Larry Elliot described it today as the 'Green New Deal.' It's a leadership we in Britain can provide, and from which our economy can benefit. — Lucy Powell