quotes tagged with 'economy'

When a man feels that he has discovered a social order different from the one that has come into being through the natural tendencies of mankind, he must, perforce, in order to have his invention accepted, paint in the most somber colors the results of the order he seeks to abolish. Therefore, the political theorists to whom I refer, while enthusiastically and perhaps exaggeratedly proclaiming the perfectibility of mankind, fall into the strange contradiction of saying that society is constantly deteriorating. According to them, men are today a thousand times more wretched than they were in ancient times, under the feudal system and the yoke of slavery; the world has become a hell. If it were possible to conjure up the Paris of the tenth century, I confidently believe that such a thesis would prove untenable.

Secondly, they are led to condemn even the basic motive power of human actions—I mean self-interest—since it has brought about such a state of affairs. Let us note that man is made in such a way that he seeks pleasure and shuns pain. From this source, I agree, come all the evils of society: war, slavery, monopoly, privilege; but from this source also come all the good things of life, since the satisfaction of wants and the avoidance of suffering are the motives of human action. The question, then, is to determine whether this motivating force which, though individual, is so universal that it becomes a social phenomenon, is not in itself a basic principle of progress.

In any case, do not the social planners realize that this principle, inherent in man's very nature, will follow them into their new orders, and that, once there, it will wreak more serious havoc than in our natural order, in which one individual's excessive claims and self-interest are at least held in bounds by the resistance of all the others? These writers always assume two inadmissible premises: that society, as they conceive it, will be led by infallible men completely immune to the motive of self-interest; and that the masses will allow such men to lead them.

Finally, our social planners do not seem in the least concerned about the implementation of their program. How will they gain acceptance for their systems? How will they persuade all other men simultaneously to give up the basic motive for all their actions: the impulse to satisfy their wants and to avoid suffering? To do so it would be necessary, as Rousseau said, to change the moral and physical nature of man.

To induce all men, simultaneously, to cast off, like an ill-fitting garment, the present social order in which mankind has evolved since its beginning and adopt, instead, a contrived system, becoming docile cogs in the new machine, only two means, it seems to me, are available: force or universal consent.

Either the social planner must have at his disposal force capable of crushing all resistance, so that human beings become mere wax between his fingers to be molded and fashioned to his whim; or he must gain by persuasion consent so complete, so exclusive, so blind even, that the use of force is made unnecessary.

I defy anyone to show me a third means of setting up and putting into operation a phalanstery or any other artificial social order.

Author: Frederic Bastiat, Source: http://www.econlib.org/library/Bastiat/basHar.htmlSaved by cboyack in society action choice economy force economics politician economist 2 months ago[save this] [permalink]

Politics is the art and science of managing centralized coercion.

Author: Paul A. Rosenberg, Source: A Lodging of Wayfaring MenSaved by inyucho in politics economy force economics political coercion libertarianism libertarian 2 months ago[save this] [permalink]

The major characteristic of modern male-female relationships is a monopoly arrangement.

Author: Paul A. Rosenberg, Source: A Lodging of Wayfaring MenSaved by inyucho in freedom monopoly economy relationship economics relations sex libertarianism libertarian hippie 2 months ago[save this] [permalink]

If there is any such thing as "intellectual property" or "intellectual territory", then it can only be rightly defended by intellectual battle, never by physical force.

Author: Sean Hastings, Source: Preface of "A Lodging of Wayfaring Men" by Paul A. RosenbergSaved by inyucho in politics economy force economics property intellectual political libertarianism libertarian copyright ip 2 months ago[save this] [permalink]

A Soviet newspaper reports: "Last night the N. Nuclear Powerstation fulfilled the Five Year Plan of heat energy generation in 4 microseconds."

Author: The Russian People, Source: http://en.wikipedia.org/wiki/Russian_jokesSaved by inyucho in politics communism economy nuclear joke political chernobyl soviet sovietunion planeconomy nuclearenergy blackhumour 2 months ago[save this] [permalink]
It will not be long before the public finances reach a state of complete disorder. How could it be otherwise when the state is responsible for furnishing everything to everybody? The people will be crushed under the burden of taxes; loan after loan will be floated; after having drained the present, the state will devour the future.

Finally, as it will be accepted in principle that the state is responsible for establishing fraternity on behalf of its citizens, we shall see the entire people transformed into petitioners. Landed property, agriculture, industry, commerce, shipping, industrial companies, all will bestir themselves to claim favors from the state. The public treasury will be literally pillaged. Everyone will have good reasons to prove that legal fraternity should be interpreted in this sense: "Let me have the benefits, and let others pay the costs." Everyone's effort will be directed toward snatching a scrap of fraternal privilege from the legislature. The suffering classes, although having the greatest claim, will not always have the greatest success; their multitude will, meanwhile, increase constantly, from which it follows that we can have only one revolution after another.
Author: Frederic Bastiat, Source: http://www.econlib.org/library/Bastiat/basEss4.htmlSaved by cboyack in government socialism revolution economy taxes properroleofgovernment 6 months ago[save this] [permalink]
Monetary chaos was followed in Germany by a Hitler; in Russia by all-out Bolshevism; and in other nations by more or less tyranny. It can take a nation to communism without external influences. Suppose the frugal savings of the humble people of America continue to deteriorate in the next 10 years as they have in the past 10 years? Some day the people will almost certainly flock to "a man on horseback" who says he will stop inflation by price-fixing, wage-fixing, and rationing. When currency loses its exchange value the processes of production and distribution are demoralized.
Author: Howard Buffett, Source: http://www.fame.org/PDF/buffet3.pdfSaved by cboyack in communism money economy inflation dollar 7 months ago[save this] [permalink]
RESPONSIBILITY FOR WORLD-WIDE DEPRESSION.
One of the brethren yesterday stated that practically every speaker up to that time had said something about the depression. I suppose I will not be out of place if I too say something about it. I would like to place the blame for it where it belongs. It is so easy for mankind to blame somebody else for their own mistakes, and so easy for us, because of our human nature, to take credit when the thing that is accomplished is something that pleases and benefits. But we never want to shoulder a responsibility for our mistakes that do not please, and so we endeavor to place that kind of responsibility somewhere else and on others.

When the children of Israel came out of Egypt, they were led by Moses as he was directed of the Lord. Constantly they murmured against him, when they found themselves confronting difficulties, and wanted to go back to Egypt to their tasks and to their tribulation.

Now, brethren and sisters, let us shoulder our own responsibilities and not endeavor to place them somewhere else. The responsibility for this depression is partly mine; it is partly yours. It is the fault of the farmer, of the merchant, of the educator, the business man, the professional man -- in fact, men in all walks of life. That is where the responsibility belongs. And why? Because of a failure to heed the commandments of God.

I say it is partly mine. It is mine insofar as I may have failed to heed the commandments. It is mine wherein I may have failed to follow the counsels that have been given from this pulpit for many years. It is your fault because you too, perhaps, have failed to heed those counsels. It is the fault of the whole world, because they have refused to hear the word of God, to heed the warnings that have come from him, not only through ancient prophets and apostles but in the words that have been declared from time to time by modern prophets.

ECONOMIC DEPRESSION: A SIGN OF THE TIMES.
The world today is full of selfishness, greed, the desire to possess. For many years we have been living extravagantly. Our wants have been supplied -- not our needs alone, but our wants -- and we have wanted much. Most of us have been able to obtain them, and now a time comes when we find ourselves somewhat curtailed, hedged around about, not having so many privileges, and our desires are not so fully granted, and so we begin to complain. But we should get rid of our selfishness and greed, our desire to possess that which is beyond the needs and blessings which are really ours.

It is time for men to humble themselves, to repent and seek the Lord. I think the general theme of this conference has been that of repentance. I think it is most timely. I have been crying repentance up and down through the stakes of Zion for years. I think it is needed.

Depression has come because we have forsaken God. Now, I am not speaking of the Latter-day Saints when I say that. I make this saying have general application. The people of this nation, and the people of other nations, have forsaken the Lord. We have violated his laws. We have failed to hearken to his promises. We have not considered that we were under obligation to keep his commandments, and the laws of the land as well as the laws of God are not respected. The Sabbath day has become a day of pleasure, a day of boisterous conduct, a day in which the worship of God has departed, and the worship of pleasure has taken its place. I am sorry to say that many of the Latter-day Saints are guilty of this. We should repent.
Author: Bruce R. McConkie, Source: Doctrines of Salvation, Volume 3, Chapter 2, Page 24Saved by cboyack in nation remember obedience depression worship economy repentance commandment blessing 9 months ago[save this] [permalink]
Let those who are actually concerned with peace observe that capitalism gave mankind the longest period of peace in history—a period during which there were no wars involving the entire civilized world—from the end of the Napoleonic wars in 1815 to the outbreak of World War I in 1914.

It must be remembered that the political systems of the nineteenth century were not pure capitalism, but mixed economies. The element of freedom, however, was dominant; it was as close to a century of capitalism as mankind has come. But the element of statism kept growing throughout the nineteenth century, and by the time it blasted the world in 1914, the governments involved were dominated by statist policies.

Just as, in domestic affairs, all the evils caused by statism and government controls were blamed on capitalism and the free market—so, in foreign affairs, all the evils of statist policies were blamed on and ascribed to capitalism. Such myths as "capitalistic imperialism," "war-profiteering," or the notion that capitalism has to win "markets" by military conquest are examples of the superficiality or the unscrupulousness of statist commentators and historians
Author: Ayn Rand, Source: "The Roots of War," Capitalism: The Unknown Ideal, p. 38Saved by cboyack in government statism capitalism economy market 10 months ago[save this] [permalink]
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Author: John Maynard Keynes, Source: Economic Consequences of the Peace, pp. 235, 236, [1920]Saved by cboyack in capitalism economy currency inflation 1 year ago[save this] [permalink]

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