Economy Quotes - page 84
At what price have so many of us come to believe that the economy is the realm of natural order and that the legitimate and competent sphere of policing-of administration and government-lies elsewhere? What flows from that sharp dichotomy between orderliness in the market and ordering in the penal sphere? At what price do we embrace these categories? And here, the answer is equally clear: at the price, first, of naturalizing the market and thereby effectively shielding from normative assessment the regulatory mechanisms in our contemporary markets and the wealth distributions that occur daily; and at the price, second, of easing, facilitating, and enabling the massive expansion of our penal sphere, or, to be more provocative, of making possible mass incarceration today.
Bernard Harcourt
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
Herman Cain
it was partly by their writings that my eyes were opened to the very limited and temporary value of the old political economy, which assumes private property and inheritance as indefeasible facts, and freedom of production and exchange as the dernier mot of social improvement. The scheme gradually unfolded by the St. Simonians, under which the labour and capital of society would be managed for the general account of the community every individual being required to take a share of labour either as thinker, teacher, artist, or producer, all being classed according to their capacity, and remunerated according to their works, appeared to me a far superior description of Socialism to Owen's.
John Stuart Mill
Our generation can change this. We know what the problems are and we know what the solutions are, but we have to demand that our elected officials and business leaders take action. At the federal and state level, we have to fight efforts to repeal equal pay laws. We have to support increases in the minimum wage. And we have to demand that the United States join our global competitors in giving workers paid leave. All these issues affect our individual financial health and the strength of our collective economy.
Sandra Fluke
The Second World War supplied the occasion for the spending, and Keynesian economics supplied the rationale. But Keynesian fiscal policy had political appeal even before the war demonstrated its economic success. For unlike the various proposals for structural reform, such as vigorous antitrust action or national economic planning, Keynesian economics offered a way for the government to control the economy without having to choose among controversial views of the good society. Where earlier reformers had sought economic arrangements that would cultivate, citizens of a certain kind, Keynesians undertook no formative mission; they proposed simply to accept existing consumer preferences and to regulate the economy by manipulating aggregate demand.
Michael J. Sandel
(...) Gandhi also distanced himself from classical economic theory. Adam Smith's assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that "it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community's interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race.
Jeremy Rifkin
For starters, the emerging zero marginal cost economy radically changes our notion of the economic process. The old paradigm of owners and workers, and of sellers and consumers, is beginning to break down. Consumers are becoming their own producers, eliminating the distinction. prosumers will increasingly be able to produce, consume, and share their own goods and services with one another on the Collaborative Commons at diminishing marginal costs approaching zero, bringing to the fore new ways of organizing economic life beyond the traditional capitalist market model.
Jeremy Rifkin
The capitalist era is passing... not quickly, but inevitably. A new economic paradigm-the Collaborative Commons-is rising in its wake that will transform our way of life. We are already witnessing the emergence of a hybrid economy, part capitalist market and part Collaborative Commons. The two economic systems often work in tandem and sometimes compete. They are finding synergies along each other's perimeters, where they can add value to one another, while benefiting themselves. At other times, they are deeply adversarial, each attempting to absorb or replace the other.
Jeremy Rifkin
On a second front, a powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game mentioned above. The coming together of the Communications Internet with the fledgling Energy Internet and Logistics Internet in a seamless twenty-first-century intelligent infrastructure-the Internet of Things (IoT)-is giving rise to a Third Industrial Revolution. The Internet of Things is already boosting productivity to the point where the marginal cost of producing many goods and services is nearly zero, making them practically free. The result is corporate profits are beginning to dry up, property rights are weakening, and an economy based on scarcity is slowly giving way to an economy of abundance.
Jeremy Rifkin
Like it or not, giant, vertically integrated corporate enterprises were the most efficient means of organizing the production and distribution of mass produced goods and services. Bringing together supply chains, production processes, and distribution channels in vertically integrated companies under centralized management dramatically reduced transaction costs, increased efficiencies and productivity, lowered the marginal cost of production and distribution, and, for the most part, lowered the price of goods and services to consumers, allowing the economy to flourish. While those at the top of the corporate pyramid disproportionately benefited from the increasing returns on investment, it's only fair to acknowledge that the lives of millions of consumers also improved appreciably in industrialized nations.
Jeremy Rifkin
"Judge” Andrew Napolitano is at it again, legitimizing some of the worst people in American politics on his Fox News online show. This time around, he's pimping for Ron Paul and racialist paleocon Lew Rockwell... [Ron Paul is] a kook with weird unworkable ideas about the economy (return to the gold standard? you've gotta be kidding) and unsavory racist connections.
Charles Foster Johnson
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
Peter Schiff
