Industrial Quotes - page 11
The Chartered ccountants by virtue of their qualifications, experience and training can render valuable services in these difficult times in areas which are vital to economic and industrial growth. It should be the duty of the members of the profession in the Northern India Regional Council, apart from examining accuracy of transactions, the modern auditor should also look into the propriety of such transactions... the profession has to develop uniform accounting principles, standard terminologies and precise definitions of various accounting concepts. This was desirable from the point of view of providing reliable information in the financial statements for the benefit of the intending investors, members of the public, government agencies and financial institutions. This will enable individuals and organisations to form a fairly accurate judgment of the financial position by a study of the audited financial statements of companies.
Fakhruddin Ali Ahmed
Socialism is, essentially, the tendency inherent in an industrial civilization to transcend the self-regulating market by consciously subordinating it to a democratic society. It is the solution natural to the industrial workers who see no reason why production should not be regulated directly and why markets should be more than a useful but subordinate trait in a free society. From the point of view of the community as a whole, socialism is merely the continuation of that endeavor to make society a distinctively human relationship of persons which in Western Europe was always associated with Christian traditions.
Karl Polanyi
Unless we plan our resources purposefully, unless we are prepared to accept the disciplines that are necessary, we shall not be able to meet the challenge of the Communist world. As the years go by, and the people see us languishing behind, trying to prevent the evils of inflation by industrial stagnation, trying all the time to catch up with things because we have not acted soon enough-when they see the Communist world, planned, organised, publicly-owned and flaunting its achievements to the rest of the world-they will come to be educated by what they will experience. They will realise that Western democracy is falling behind in the race because it is not prepared to read intelligently the lessons of the twentieth century.
Aneurin Bevan
Feudalism worked in its crude and inequitable fashion until the coming of the Industrial Age. Today the Feudal tradition and its adherents are broken as a political power and in most cases are ignobly lending their prestige and their abilities to the support of the predatory plutocracy which has gained complete control of the Conservative Party. In modern times the old regime is confronted with two alternatives. The first is to serve the new world in a great attempt to bring order out of chaos and beauty out of squalor. The other alternative is to become flunkeys of the bourgeoisie. It is a matter of constant surprise and regret that many of my class have chosen the latter course.
Oswald Mosley
The declared object of deflation was the restoration of the gold standard at pre-war parity. Its actual effect has been to create unemployment by the restriction of industrial credit. By the lever of unemployment it has forced down wages and has thus facilitated the return to gold through the reduction of prices. An incidental effect has been to transfer purchasing power from the workers, whose wages have been reduced, to the bondholders, whose interest has remained the same. It has also doubled the real burden of Debt since 1920, and was largely responsible for the mining lock-out last year, by the reduction in terms of sterling of the money which we receive for coal sold abroad. Deflation, in fact, has been responsible for a sinister catalogue of disasters which can be substantiated in detailed argument that has never yet been rebutted.
Oswald Mosley
We have come to the end of a chapter in our industrial history. The industrial system to which the Tory Party adheres-at least officially and in its manifestos-has failed us. ... It is no use blaming working people or the unions if they have to work in ancient factories with obsolete equipment producing old-fashioned goods at unecomonic prices and earning low wages as well. Working people not only are not responsible for the weakness of British manufacturing industry. They have hitherto been denied the tools and tackle that they needed to put it right. ... We have got to make a fresh start now. We have got to get investment up, and to get it up as soon as we can. If the market economy cannot or will not give us that investment, we must do it direct.
Tony Benn
The fines on the engineering union and the heavy damages that may be levied against the transport union go well beyond questions of economic policy and strike at the roots of free trade unionism. Conscientious objection to the law is not a criminal act. It is not the same as an attempt to overturn the Government and set up a new one, without elections, by the direct use of industrial strength.
Tony Benn
It need hardly be said that the social philosophy of the time did not remain unaffected by the political evolution and the industrial development. Slowly sinking into men's minds all this while was the conception of a new social nexus, and a new end of social life. It was discovered (or rediscovered) that a society is something more than an aggregate of so many individual units-that it possesses existence distinguishable from those of any of its components. A perfect city became recognized as something more than any number of good citizens-something to be tried by other tests, and weighed in other balances than the individual man. The community must necessarily aim, consciously or not, at its continuance as a community: its life transcends that of any of its members; and the interests of the individual unit must often clash with those of the whole.
Sidney Webb, 1st Baron Passfield
If the State has no right to interfere to protect the poor struggling against circumstances over which they have no control in the industrial world, it is difficult to see why the same State should be considered a beneficent agency when called in to protect the property of the rich against an infuriated mob of starving people. If the poor are to be left to struggle for existence unaided by the State, then why not the rich?
Keir Hardie
Acceptance of the Catholic position implies a certain willingness to see the present injustices of society continue... Individual salvation implies liberty, which is always extended by Catholic writers to include the right to private property. But in the stage of industrial development which we have now reached, the right to private property means the right to exploit and torture millions of one's fellow creatures. The Socialist would argue, therefore, that one can only defend property if one is more or less indifferent to economic justice.
George Orwell
Present party designations have become empty of all contents...Vastly extended State expenditure, vastly increased demands from the taxpayer who has to provide the money, social reform regardless of expense, cash exacted from the taxpayer already at his wits' end-when were the problems of plus and minus more desperate? How are we to measure the use and abuse of industrial organization? Powerful orators find "Liberty" the true keyword, but the I remember hearing from a learned student that of "liberty" he knew well over two hundred definitions. Can we be sure that the "haves" and the "have-nots" will agree in their selection of the right one? We can only trust to the growth of responsibility; we may look to circumstances and events to teach their lesson.
John Morley, 1st Viscount Morley of Blackburn
Had they thought of the relations between Imperialism and social reform? Could we continue this process of territorial expansion with our increasing Budgets? What we wanted was resolute and sustained attention to strengthening our industrial position. What was the use of conquering new markets when it was as much as we could do to hold the markets which we had already? (Cheers.) As to the Liberal policy...the day when the Liberal party forsook its old principles of peace, economy, and reform the Liberal party would have to disband and to disappear. (Cheers.) The Socialists would take its place. ... [I]f he were to choose between the Socialist and the Militarist, with all his random aims, his profusion of national resources, his disregard for the rights and feelings of other people, he himself declared he considered the Socialist's standards were higher and their means were no less wise.
John Morley, 1st Viscount Morley of Blackburn
We should remember that the last time global temperature was 5C different from today, the Earth was gripped by an ice age. So the risks are immense and can only be sensibly managed by reducing greenhouse gas emissions, which will require a new low-carbon industrial revolution.
Nicholas Stern, Baron Stern of Brentford
![There are good people who, being discontented with present-day conditions, think that these conditions can be cured by a return to what they call the "principles of the fathers.” [...] But to go back to the governmental theories of a hundred years ago would accomplish nothing whatever; for it was under the conditions of unrestricted individualism and freedom from Government interference, countenanced by those theories, that the trusts grew up, and private fortunes, enormous far beyond the deserts of the accumulators were gathered. [...] It may be that, in the past development of our country, complete freedom from all restrictions, and the consequent unlimited encouragement and reward given to the most successful industrial leaders, played a part in which the benefits outweighed the disadvantages. But nowadays such is not the case. (Theodore Roosevelt)](https://cdn.quotesdtb.com/img/quotes_images_webp/33/theodore-roosevelt-beyond-call-315833.webp)
The corporate manager who achieves success by honest efficiency in giving the best service to the public should be favored because we all benefit by his efficiency. [...] he should be helped by the Government because his success is good for the National welfare. But a man who, grasps and holds business power by breaking the industrial efficiency of others, who wins success by methods which are against‘ the public interest and degrading to the public morals, should not be permitted to ‘ exercise such power. Instead of punishing him by a long and doubtful process of the law after the wrong has been com- mitted, there should be such effective Government regulation as to check the evil tendencies at the moment that they start do develop.
Theodore Roosevelt
The tremendous and highly complex industrial development which went on with ever accelerated rapidity during the latter half of the nineteenth century brings us face to face, at the beginning of the twentieth, with very serious social problems. The old laws, and the old customs which had almost the binding force of law, were once quite sufficient to regulate the accumulation and distribution of wealth. Since the industrial changes which have so enormously increased the productive power of mankind, they are no longer sufficient.
Theodore Roosevelt
The growth of cities has gone on beyond comparison faster than the growth of the country, and the upbuilding of the great industrial centers has meant a startling increase, not merely in the aggregate of wealth, but in the number of very large individual, and especially of very large corporate, fortunes. The creation of these great corporate fortunes has not been due to the tariff nor to any other governmental action, but to natural causes in the business world, operating in other countries as they operate in our own.
Theodore Roosevelt
