Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism.
Walter RodneyRelated topics
coinage gold india large money prestige society surplus transform capitalismRelated quotes
I want to be remembered as someone who put India on the scientific map of the world in terms of large innovation. I want to be remembered for making a difference to global healthcare. And I want to be remembered as someone who did make a difference to social economic development in India.
Kiran Mazumdar-Shaw
...when a society is reaching its end, in the last couple of centuries you have... a misplacement of satisfactions. You find your emotional satisfaction in making a lot of money... or in proving to the poor, half-naked people in Southeast Asia that you can kill them in large numbers.
Carroll Quigley
