World Markets Quotes & Sayings

Myth: There's conflict between selfish free markets and a benevolent world of human sympathy. — Ted Malloch

Contrary to popular assumption, going on an expedition around the world is not merely a matter of obtaining a ship and charting a course. There are visas to be considered, and bureaucracy to navigate when those visas fail to arrive in time, expire too soon, or meet with blank stares on the receiving end. The politics of nations and their economic markets may interfere with your journey. In short, you may spend an appalling amount of time mired in stuffy little offices, trying to get permission to be where you are. — Marie Brennan

Iran is central to our foreign policy in the Middle East, a major player in global energy markets, and a key country in terms of our interaction with the Muslim world. — Howard Berman

If we apply our minds directly and competently to the needs of the earth, then we will have begun to make fundamental and necessary changes in our minds. We will begin to understand and to mistrust and to change our wasteful economy, which markets not just the produce of the earth, but also the earth's ability to produce. We will see that beauty and utility are alike dependent upon the health of the world. But we will also see through the fads and the fashions of protest. We will see that war and oppression and pollution are not separate issues, but are aspects of the same issue. Amid the outcries for the liberation of this group or that, we will know that no person is free except in the freedom of other persons, and that man's only real freedom is to know and faithfully occupy his place - a much humbler place than we have been taught to think - in the order of creation.
(pg.89, "Think Little") — Wendell Berry

When the Soviet Union fell, optimistic scholars believed the world had shifted inexorably in the direction of free markets and liberal democracy. Instead, the West gradually embraced bigger government and weaker social bonds, creating a fragmented society in which the only thing we all belong to, as President Barack Obama puts it, is the state. — Ben Shapiro

I think that even though The German Doctor (Wakolda) is placed in a historical context , it is a very intimate story. The film has been extremely well received around the world. It keeps on going around, opening in different markets, and connecting with the audience. In Argentina it was seen by over 450, 000 spectators, which is way more than anything we could have imagined. — Lucia Puenzo

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

I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too. — Mike Duke

How good are markets in predicting real-world developments? Reading the record, it is striking how many calamities that I anticipated did not in fact materialise.
Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialise exactly because they have been anticipated.
It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong. — George Soros

Humans are by nature self-centered. It doesn't matter how civilized or primitive they are. If they want something, they'll find a way to get it or take it. The old empires used land, women, religion, pride in one's nationality, or preservation of their culture as an excuse to start war. Presently, you use technology, world policing, expanding markets, and protecting national interest, but the underlying theme has never changed. As long as there are greedy people in this world, there will always be wars. — Ednah Walters

Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'? — Warren Buffett

Despite what some investors say, older age is an advantage in the startup world. You know more about industries and markets, and have ideas for products that the world actually needs and a better ability to motivate and manage than a kid out of school does. — Vivek Wadhwa

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it. — Kevin Rudd

We like democracy because why? The pathologies of the U.S. version are so obvious in the aftermath of the latest averted crisis that we need to ask ourselves whether it's worth it - and why electoral democracy hasn't self-destructed before. Should Tunisians or Egyptians opt for the Chinese model, where rational autocrats may restrict rights, but no one threatens to blow up world markets in the name of an 18th-century tax protest? — Noah Feldman

Authoritarian Communism is, and should be, forever tainted by those real-world laboratories. But what of the contemporary crusade to liberate world markets? The coups, wars and slaughters to instill and maintain pro-corporate regimes have never been treated as capitalist crimes but have instead been written off as the excess of overzealous dictators, as hot fronts in the Cold War, and now of the War on Terror. If the most committed opponents of the corporatist economic model are systematically eliminated, whether in Argentina in the seventies or in Iraq today, that suppression is explained as part of the dirty fight against Communism or terrorism - almost never as the fight for the advancement of pure capitalism. — Naomi Klein

Only by establishing military supremacy were the European and North American colonizers able to eliminate the crafts and industries of Third World peoples, control their markets, extort tribute, undermine their cultures, destroy their villages, steal their lands and natural resources, enslave their labor, and accumulate vast wealth. — Michael Parenti

Today we stand on a bridge leading from the territorial state to the world community. Politically, we are still governed by the concept of the territorial state; economically and technically, we live under the auspices of worldwide communications and worldwide markets. — Christian Lous Lange

It's time for Haitians to have access to health care. It's time to open our borders to the Haitian diaspora, open our markets to the world. It's time to open our country to potential investors. — Michel Martelly

In our modern world of interdependent nations, hardly any state can wage war successfully without raising loans and buying war materials of every kind in the markets of other nations. — Arthur Henderson

I've had lengthy discussions with European farm leaders. It is clear they have an agricultural strategy to support their producers and gain dominance in world agricultural trade. They're gaining markets the old-fashioned way - they're buying them. — Kent Conrad

Here's something I still can't get over. Amazes and thrills me every time. I'm sitting here and want a certain book. So I search, click, and then I have the book. Every time, my heart does a little leap of joy. What a beautiful world the market is making. — Jeffrey Tucker

If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry. — Wang Jianlin

The word power typically signifies a capacity for action. The Oxford English Dictionary tells us power lies in an 'ability to do or effect something or anything, or to act upon a person or thing'. The person who has power may influence the material or social environment, generally on the basis of possessing high-tech weapons, money, oil, superior intelligence or large muscles. In war, I am powerful because I can blow up your city walls or drop bombs on your airfields. In the financial world, I am powerful because I can buy up your shares and invade your markets. In boxing, I am ,ore powerful because my punches outwit and exhaust yours. But in love, this issue appears to depend on a far more passive, negative definition; instead of looking at power as a capacity to do something, one may come to think of it as the capacity to do nothing. — Alain De Botton

Walmart's Global Women's Economic Empowerment Initiative is working to create opportunity and empower women and girls in markets around the world. — Sylvia Mathews Burwell

One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary. — Robert Harris

The world economy is more stable than for a generation ... Our hugely sophisticated financial markets match funds with ideas better than ever before. — David Cameron

The U.S. has since the end of World War II had an answer - we stand for free peoples and free markets, we are willing to support and defend them - we will sustain a balance of power that favors freedom. — Condoleezza Rice

The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism - the system of private property, free markets, and free enterprise. — Henry Hazlitt

We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is going to continue to be a great story for Walmart. — Mike Duke

You know what capitalism produces. According to Marx and Engels."
"Its own grave-diggers," he said.
"But these are not the grave-diggers. This is the free market itself. These people are a fantasy generated by the market. They don't exist outside the market. There is nowhere they can go to be on the outside. There is no outside."
The camera tracked a cop chasing a young man through the crowd, an image that seemed to exist at some drifting distance from the moment.
"The market culture is total. It breeds these men and women. They are necessary to the system they despise. They give it energy and definition. They are market-driven. They are traded on the markets of the world. This is why they exist, to invigorate and perpetuate the system. — Don DeLillo

The leviathan state, that monster devouring civilization in this century, is in the throes of death. This is not a wish or a prediction, but a conclusion drawn from a broad look at the trends of the last decade and a half, which, if we take the right steps, can continue on into the next century. What has happened around the world - nations states collapsing, markets outwitting planners, citizens rising up against government masters - can and is happening here at home. — Llewellyn Rockwell

There is here a striving,avid and worldly civilisation, of course; these huge and eager markets, to this incessant buying and selling, that make that self evident; but I had no conception of the ubiquitous sense of the holy, no notion of how another world can permeate the secular. Filth, stench, disease,"gross superstition" as our people say, extreme poverty, promiscuous universal defecation, do not affect it: nor do they affect my sense of humanity with which I am surrounded. What an agreeable city it is, where a man may walk around naked in the heat if it so please him — Patrick O'Brian

Wars are generally fought for material things; they're not fought over ideals. After we get into them, we are told we are fighting for ideals. We are fighting for oil and tin and rubber and markets, and as long as we insist on a standard of life that is so high above all the rest of the world, we're going to have to pay for our standard of living with a lot of blood. I think we ought to re-examine the fact that Jesus was a pauper, and we should be committing ourselves to a very humble, simple way of life. — Clarence Jordan

Free trade holds much of the blame for continued international conflict. Markets are said to possess wisdom that is somehow superior to man. Those of us in business who travel in the developing world see the results of such western wisdom and have a rumbling disquiet about much of what our economic institutions have bought into. — Anita Roddick

For all its celebration of markets and individual initiative, this alliance of government and finance often produces results that bear a striking resemblance to the worst excesses of bureaucratization in the former Soviet Union or former colonial backwaters of the Global South. There is a rich anthropological literature, for instance, on the cult of certificates, licenses, and diplomas in the former colonial world. Often the argument is that in countries like Bangladesh, Trinidad, or Cameroon, which hover between the stifling legacy of colonial domination and their own magical traditions, official credentials are seen as a kind of material fetish - magical objects conveying power in their own right, entirely apart from the real knowledge, experience, or training they're supposed to represent. But since the eighties, the real explosion of credentialism has been in what are supposedly the most "advanced" economies, like the United States, Great Britain, or Canada. — David Graeber

Once you create and dominate a niche market, then you should gradually expand into related and slightly broader markets. Amazon shows how it can be done. Jeff Bezos's founding vision was to dominate all of online retail, but he very deliberately started with books. There were millions of books to catalog, but they all had roughly the same shape, they were easy to ship, and some of the most rarely sold books - those least profitable for any retail store to keep in stock - also drew the most enthusiastic customers. Amazon became the dominant solution for anyone located far from a bookstore or seeking something unusual. Amazon then had two options: expand the number of people who read books, or expand to adjacent markets. They chose the latter, starting with the most similar markets: CDs, videos, and software. Amazon continued to add categories gradually until it had become the world's general store. The name itself brilliantly encapsulated the company's scaling strategy. — Peter Thiel

Exploitation. Now, there's a word that has been scrubbed out of the poverty debate. 42 It is a word that speaks to the fact that poverty is not just a product of low incomes. It is also a product of extractive markets. Boosting poor people's incomes by increasing the minimum wage or public benefits, say, is absolutely crucial. But not all of those extra dollars will stay in the pockets of the poor. Wage hikes are tempered if rents rise along with them, just as food stamps are worth less if groceries in the inner city cost more - and they do, as much as 40 percent more, by one estimate. 43 Poverty is two-faced - a matter of income and expenses, input and output - and in a world of exploitation, it will not be effectively ameliorated if we ignore this plain fact. — Matthew Desmond

If you really want to help the rest of the world, what you've got to do is encourage free markets, private property rights and the strong rule of law and get rid of the dictators in a lot of these countries. — Dave Brat

Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict "itself." And classical economics, correspondingly, was a predictable expression of an earlier European capitalism. — Roger M. Keesing

Capitalism seems to have failed and is now stigmatized as greed. A reaction against individual excess is driving the world back to collective values. Fear of terror overrides rights; fear of slumps subverts free markets. Consumption levels and urbanization are simply unsustainable at recent rates in the face of environmental change. The throwaway society is headed for the trash heap. People who sense that "modernity" is ending proclaim a "postmodern age. — Felipe Fernandez-Armesto

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like. — Henry Paulson

The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to buy and sell large amounts at very cheap prices. That is a good thing. — Jamie Dimon

Despite all our gains in technology, product innovation and world markets, most people are not thriving in the organizations they work for. — Stephen Covey

In this way the world market is, with regard to its immanent dynamic, 'a space in which everyone has once been a productive labourer, and in which labour has everywhere begun to price itself out of the system'. — Slavoj Zizek

Hence the great irony: Hayek, one of the greatest champions of individual liberty and economic freedom the world has ever known, believed that knowledge was communal. Dewey, the champion of socialism and collectivism, believed that knowledge was individual. Hayek's is a philosophy that treats individuals as the best judges of their own self-interests, which in turn yield staggering communal cooperation. Dewey's was the philosophy of a giant, Monty Pythonesque crowd shouting on cue: We're All Individuals! — Jonah Goldberg

I don't feel necessarily it's winner-take-all across the globe, where there has to be one local guide for the entire world. We'll certainly do as many of these markets as we can. — Jeremy Stoppelman

President Obama said it best during his state of the Union Address this year when he declared: 'I will go anywhere in the world to open new markets for American products. And I will not stand by when our competitors don't play by the rules.' — Ron Wyden

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order. — Tony Blair

The reality is that the American people have no desire for an empire. This is not to say that they don't want the benefits, both economic and strategic. It simply means that they don't want to pay the price. Economically, Americans want the growth potential of open markets but not the pains. Politically, they want to have an enormous influence, but not the resentment of the world. Military, they want to be protected from dangers but not to bear the burdens of long-term strategy. — George Friedman

Let's face it," my Deep Throat had said to me, "nobody rules the world anymore. The markets rule the world. Maybe that's why your conspiracy theorists make up all those crazy things. Because the truth is so much more frightening. Nobody rules the world. Nobody controls anything. — Jon Ronson

Once you understand the process of corporate globalization, you have to see that what happened in Argentina, the devastation of Argentina by the IMF, is part of the same machine that is destroying Iraq. Both are efforts to break open and to control markets. And so Argentina is destroyed by the chequebook, and Iraq is destroyed by the cruise missile. If the chequebook won't work, the cruise missile will. Hell hath no fury like a market scorned. — Arundhati Roy

America was based on a big promise
a great big one: the Declaration of Independence. When you have to live with that in the house, that's quite a problem
particularly when you've got to make money and get ahead, open world markets, do all the things you have to, raise your children, and so forth. America is stuck with its self-definition put on paper in 1776, and that was just like putting a burr under the metaphysical saddle of America
you see, that saddle's going to jump now and then and it pricks. — Robert Penn Warren

In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy. — Sigmar Gabriel

Time is a corporate asset now. It belongs to the free market system. The present is harder to find. It is being sucked out of the world to make way for the future of uncontrolled markets and huge investment potential. The future becomes insistent.
This is why something will happen soon, maybe today ... to correct the acceleration of time. Bring nature back to normal, more or less. — Don DeLillo

I was born in Jamaica but was educated by, and now serve, prestigious First World institutions, so I believe that I have a unique, dual perspective. To sidestep any biases I might have, I use the objective lens of the stock market to discover which policies actually delivered prosperity to emerging markets. — Peter Blair Henry

Bahrain lies at the epicenter of Gulf security and any violent upheaval in Bahrain would have enormous geopolitical consequences. Global economic stability depends on the uninterrupted export of crude oil from the Gulf to markets around the world - a job that historically has been assigned to the U.S. Fifth Fleet. — Hamad Bin Isa Al Khalifa

It has always been very difficult for writers to survive commercially in India because the market was so small. But that's not true at all any more. It's one of the world's fastest growing and most vibrant markets for books, especially in English. — Aravind Adiga

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that. — Roger Altman

We called them the Nine-to-Fivers. They lived in accordance with nature, waking and sleeping with the cycle of the sun. Mealtimes, business hours, the world conformed to their schedule. The best markets, the A-list concerts, the street fairs, the banner festivities were on Saturdays and Sundays. They sold out movies, art openings, ceramics classes. They had evenings to waste. The watched the Super Bowl, they watched the Oscars, they made reservations for dinner because they ate dinner at a normal time. They brunched, ruthlessly, and read the Sunday Times on Sundays. They moved in crowds that reinforced their citizenship: crowded museums, crowded subways, crowded bars, the city teeming with extras for the movie they starred in.

They were dining, shopping, consuming, unwinding, expanding while we were working, diminishing, being absorbed into their scenery. That is why we -- the Industry People -- got so greedy when the Nine-to-Fivers went to bed. — Stephanie Danler

ECONOMIC IMPACT - The United States buys almost three quarters of a trillion dollars ($738,000,000,000.00) more from overseas suppliers than it sells in exports (balance of trade deficit). Overall, the US buys about $ 2.5 trillion dollars in goods and services produced by the other nations of the world every year. With the United States gone as the world's economic engine, the remaining nations of the world will, in varying degrees, immediately suffer from staggering financial depression. The financial credit crisis that started in mid-September, 2008 in the United States, soon reverberated in stock markets across the world. — John Price

There is no good reason for our cattle producers to have such limited market access. Our beef is the best in the world, and we need to be allowed to reach global markets. — Conrad Burns

The financial markets tend to be just a backdrop for a novel, for a heist or something that isn't necessarily integral to it. On the whole, I don't think the financial world has been well served by novels. — Robert Harris

Here were the luxury and priviledge of the well-fed man scoffing at all hopes and progress for the rest. [He] owed nothing to a world that nurtured him kindly, liberally educated him for free, sent him to no wars, brought him to manhood without scary rituals or famine or fear of vengeful gods, embraced him with a handsome pension in his twenties and placed no limits on his freedom of expression. This was an easy nihilism that never doubted that all we had made was rotten, never thought to pose alternatives, never derived hope from friendship, love, free markets, industry, technology, trade, and all the arts and sciences. — Ian McEwan

capital flows to wherever the social or environmental standards are lowest. Not only this, but capitalism is designed to create the instability that we have seen in the markets, and those that suffer the most from this volatility are always the most vulnerable, namely the poor of the world. — Wayne Visser

Economic markets are collapsing. People all over the world are suffering and people afraid. What happens when peep are afraid? They become intolerant. — Madonna Ciccone

Don't forget the real business of war is buying and selling. The murdering and violence are self-policing, and can be entrusted to non-professionals. The mass nature of wartime death is useful in many ways. It serves as spectacle, as diversion from the real movements of the War. It provides raw material to be recorded into History, so that children may be taught History as sequences of violence, battle after battle, and be more prepared for the adult world. Best of all, mass death's a stimolous to just ordinary folks, little fellows, to try 'n' grab a piece of that Pie while they're still here to gobble it up. The true war is a celebration of markets. — Thomas Pynchon

The United States has made a massive effort since the end of the Second World War to secure the dominance of its films in foreign markets - an achievement generally pushed home politically, by writing clauses into various treaties and aid packages. — Fredric Jameson

To paraphrase Hemingway, people go broke slowly and then all at once. We've been slowly going broke for years, but now it's happening all at once as the world's capital markets are demanding action from us, yet Obama assumes we'll just go borrow another cup of sugar from some increasingly impatient neighbor. We cannot knock on anyone's door anymore. And we don't have any time to wait for Washington to start behaving responsibly. We'll be Greece before these D.C. politicians' false promises are over. We must force government to live within its means, just as every business and household does. — Sarah Palin

Up here in Alaska we're sitting on billions of barrels of oil. We're sitting on hundreds of trillions of cubic feet of natural gas onshore and offshore. And it seems to be only the Republicans who understand that companies should be competing for the right to tap those resources, and get that energy source flowing into these hungry markets so that we will be less reliant on foreign sources of energy. In a volatile world, relying on foreign regimes that are not friendly to Americans, asking them to ramp up resource production for our benefit, that's nonsensical. — Sarah Palin

My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country ... you're already seeing things in the markets that are suggesting that confidence in the dollar is waning ... I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is. — Sam Zell

Put differently, the liberation of world markets, a process powered by the liberation of unprecedented amounts of fossil fuels from the earth, has dramatically sped up the same process that is liberating Arctic ice from existence. — Naomi Klein

I believe in trying foods from all over the world, going to markets and finding jewelry and furniture and just treating myself well. It's important for me creatively to travel. — Crystal Renn

The majority of world stock markets are now owned by the Arabs. — Alex Jones

Many of the enchanted things in the book are lamps, carpets, sofas, gems, brass rings. It is a rather different landscape than the fairy tale landscape of the West. Though we have interiors and palaces, we don't have bustling cities, and there isn't the emphasis on the artisan making things. The ambiance from which they were written was an entirely different one. The Arabian Nights comes out of a huge world of markets and trade. Cairo, Basra, Damascus: trades and skills. — Marina Warner

If the invention of derivatives was the financial world's modernist dawn, the current crisis is unsettlingly like the birth of postmodernism. For anyone who studied literature in college in the past few decades, there is a weird familiarity about the current crisis: value, in the realm of finance capital, parallels the elusive nature of meaning in deconstrucitonism. According to Jacques Derrida, the doyen of the school, meaning can never be precisely located; instead, it is always 'deferred,' moved elsewhere, located in other meanings, which refer and defer to other meanings - a snake permanently and necessarily eating its own tail. This process is fluid and constant, but at moments the perpetual process of deferral stalls and collapses in on itself. Derrida called this moment an 'aporia,' from a Greek term meaning 'impasse.' There is something both amusing and appalling about seeing his theories acted out in the world markets to such cataclysmic effect. — John Lanchester

We only gain collectively by acting now. We gain by one day not having to pay a thing for fuel. We gain by having cleaner air, water, and food so that we are healthier and our health care costs come down. We gain by deflating the global fossil fuel markets that drive much of the conflict around the world. — Mark Ruffalo

Developed countries and advanced developing countries must open their markets for products from the developing world, and support in developing their export and import capacity. — Anna Lindh

When you consider the sheer magnitude of investable equities to choose from in the world's emerging markets, you realize that finding one that looks attractive enough to warrant investing your faith and assets in is as formidable a task as finding a needle in a haystack. Fortunately, researching investment opportunities is a lot more interesting than digging for needles in haystacks. — Mark Mobius

What makes a media company successful is how it copes with competitive markets in which people have a choice. Competition today is at a more intense level than it has ever before been because the barriers to providing information in the virtual world are so low and the choice of provider nearly infinite. — James Murdoch

Throw an idea into the world and its impact will ripple and reverberate beyond your side of the shore. — A.E. Samaan

People are beginning to understand there is nothing in the world so remote that it can't impact you as a person. It's not just diseases. Economists are now beginning to say if we are going to have good markets in Africa, we're going to have to have healthy people in Africa. — William Foege

Taken as a whole, Europe's share of world output is projected to fall by almost a third in the next two decades. This is the competitiveness challenge - and much of our weakness in meeting it is self-inflicted. Complex rules restricting our labour markets are not some naturally occurring phenomenon. — David Cameron

Like the effects of industrial pollution and the new system of global financial markets, the AIDS crisis is evidence of a world in which nothing important is regional, local, limited; in which everything that can circulate does, and every problem is, or is destined to become, worldwide. — Susan Sontag

Historically, shamans have always been part of the society where they lived, taking care of its problems, whenever they were allowed to operate. For centuries shamanic cultures have been persecuted in the western world until they were almost entirely exterminated. They have managed to survive in secrecy or through complex esoteric camouflage. Nowadays there seems to be more freedom and this ancient knowledge can re-emerge and be used in our own cultural context and not relegated somewhere else. The world needs shamans able to function on the roads, among the electronic equipment and engines, in the squares and markets of our contemporary society. — Franco Santoro

I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom. — Milton Friedman

Because Japan had no defense industry, he knew, and not even an airplane industry, the best engineers of a generation were being funneled into other, seemingly more prosaic sectors, like automobiles, for example, and steel. These industries, which in America were having increasing difficulty competing for top engineers, were getting the absolute cream in Japan. This advantage in talent was already making a considerable difference, Hayashi believed, as Japan's heavy industries began to compete in the world's markets. — David Halberstam

Japan is the largest creditor country in the world, so we have made contributions to the stability of international markets and we want this IMF meeting to confirm that we will continue to contribute. — Yoshihiko Noda

Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind. — Friedrich August Von Hayek

We believe in a flexible union of free member states who share treaties and institutions and pursue together the ideal of co-operation, to represent and promote the values of European civilisation in the world, advance our shared interests by using our collective power to open markets, and to build a strong economic base across the whole of Europe. — David Cameron

Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond. — Charlie Munger

as inflation has fallen, so bonds have rallied in what has been one of the great bond bull markets of modern history. Even more remarkably, despite the spectacular Argentine default - not to mention Russia's in 1998 - the spreads on emerging market bonds have trended steadily downwards, reaching lows in early 2007 that had not been seen since before the First World War, implying an almost unshakeable confidence in the economic future. — Niall Ferguson

The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity. — Andrew Lo

What we have seen in the way of adaptation and adjustment seems to indicate that families are adjusting parenting to the world ofwork, rather than the labor markets and industries responding to the parenting and family needs of their employees. — Sheila Kamerman

It is not an accident that developing countries - virtually the whole of East Asia, for example - view the role of the state in a far more interventionist way than does the Anglo-Saxon world. Laissez-faire and free markets are the favoured means of the powerful and privileged. — Martin Jacques

There's something else about this list that really jumps out. Take another look at the top five attributes listed there - the key characteristics defining a world-class sales experience: Rep offers unique and valuable perspectives on the market. Rep helps me navigate alternatives. Rep provides ongoing advice or consultation. Rep helps me avoid potential land mines. Rep educates me on new issues and outcomes. Each of these attributes speaks directly to an urgent need of the customer not to buy something, but to learn something. They're looking to suppliers to help them identify new opportunities to cut costs, increase revenue, penetrate new markets, and mitigate risk in ways they themselves have not yet recognized. Essentially this is the customer - or 5,000 of them at least, all over the world - saying rather emphatically, "Stop wasting my time. Challenge me. Teach me something new. — Matthew Dixon

Right, we've got these institutions of media, these financial institutions, we have the means of distribution, we have the means of production, we have all these markets and maxims in place. How do we alter the consciousness, the fundamental unifying field? How do we influence change on that level to all of the world? — Russell Brand

Markets mean patrons, buyers, consumers. There is under capitalism one way to wealth: to serve the consumers better and cheaper than other people do. But in the shop and factory, the owner - or in the corporations, the representative of the shareholders, the president - is the boss. The mastership is merely apparent and conditional. He is subject to the supremacy of the consumer. The consumer is king - the real boss - and the manufacturer is done for if he does not outstrip his competitors in best serving the consumers. It was this great economic transformation that changed the face of the world. — Ludwig Von Mises

Any Ambassador or Foreign Service Officer who has his or her head screwed on right knows that the U.S. position in the world is far more dependent on our ability to compete in world markets. — Lawrence Eagleburger

Seven habits that help produce the anything-but-efficient markets that rule the world.
1. Think short term.
2. Be greedy.
3. Believe in the greater fool
4. Run with the herd.
5. Overgeneralize
6. Be trendy
7. Play with other people's money — Paul Krugman

What's true for churches is true for other institutions: the older and more organized they get, the less adaptable they become. That's why the most resilient things in our world - biological life, stock markets, the Internet - are loosely organized. — Gary Hamel