Economics Definition Quotes

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We become slaves the moment we hand the keys to the definition of reality entirely over to someone else, whether it is a business, an economic theory, a political party, the White House, Newsworld or CNN.
B.W. Powe (Towards a Canada of Light)
Curiosity and irreverence go together. Curiosity cannot exist without the other. Curiosity asks, "Is this true?" "Just because this has always been the way, is the best or right way of life, the best or right religion, political or economic value, morality?" To the questioner, nothing is sacred. He detests dogma, defies any finite definition of morality, rebels against any repression of a free, open search of ideas no matter where they may lead. He is challenging, insulting, agitating, discrediting. He stirs unrest.
Saul D. Alinsky (Rules for Radicals: A Pragmatic Primer for Realistic Radicals)
I looked the word up in the dictionary, it said: Feminist: a person who believes in the social, political, and economic equality of the sexes. My great-grandmother, from stories I’ve heard, was a feminist. She ran away from the house of the man she did not want to marry and married the man of her choice. She refused, protested, spoke up when she felt she was being deprived of land and access because she was female. She did not know that word feminist. But it doesn’t mean she wasn’t one. More of us should reclaim that word. The best feminist I know is my brother Kene, who is also a kind, good-looking, and very masculine young man. My own definition is a feminist is a man or a woman who says, yes, there’s a problem with gender as it is today and we must fix it, we must do better. All of us, women and men, must do better.
Chimamanda Ngozi Adichie (We Should All Be Feminists)
The Subjectivity of Value: Value is determined by individual buyers and sellers and not by government. There is no product or service which has a fixed or definite value. Because circumstances, scenarios, and objectives vary indefinitely, value also varies indefinitely. Value is subjective in the same way that needs are subjective.
Hendrith Vanlon Smith Jr.
But what about human nature? Can it be changed? And if not, will it endure under Anarchism? Poor human nature, what horrible crimes have been committed in thy name! Every fool, from king to policeman, from the flatheaded parson to the visionless dabbler in science, presumes to speak authoritatively of human nature. The greater the mental charlatan, the more definite his insistence on the wickedness and weaknesses of human nature. Yet, how can any one speak of it today, with every soul in a prison, with every heart fettered, wounded, and maimed? John Burroughs has stated that experimental study of animals in captivity is absolutely useless. Their character, their habits, their appetites undergo a complete transformation when torn from their soil in field and forest. With human nature caged in a narrow space, whipped daily into submission, how can we speak of its potentialities? Freedom, expansion, opportunity, and, above all, peace and repose, alone can teach us the real dominant factors of human nature and all its wonderful possibilities. Anarchism, then, really stands for the liberation of the human mind from the dominion of religion; the liberation of the human body from the dominion of property; liberation from the shackles and restraint of government. Anarchism stands for a social order based on the free grouping of individuals for the purpose of producing real social wealth; an order that will guarantee to every human being free access to the earth and full enjoyment of the necessities of life, according to individual desires, tastes, and inclinations. This is not a wild fancy or an aberration of the mind. It is the conclusion arrived at by hosts of intellectual men and women the world over; a conclusion resulting from the close and studious observation of the tendencies of modern society: individual liberty and economic equality, the twin forces for the birth of what is fine and true in man.
Emma Goldman (Anarchism and Other Essays)
We live in a society and a culture and an economic model that tries to make everything look right. Look at computers. Why are they all putty-colored or off-fucking-white? You make something off-white or beige because you are afraid to use any other color – because you don’t want to offend anybody. But by definition, when you make something no one hates, no one loves it. So I am interested in imperfections, quirkiness, insanity, unpredictability. That’s what we really pay attention to anyway. We don’t talk about planes flying; we talk about them crashing.
Tibor Kalman
If we only have great companies, we will merely have a prosperous society, not a great one. Economic growth and power are the means, not the definition, of a great nation.
James C. Collins (Good to Great and the Social Sectors: A Monograph to Accompany Good to Great)
If we are to remain relevant, we must create innovative social and economic ecosystems that become stronger under stress and through shocks.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume II - Essential Frameworks for Disruption and Uncertainty)
Black behavior—not the wrenching housing and economic discrimination—was blamed for these impoverished Black enclaves.
Ibram X. Kendi (Stamped from the Beginning: The Definitive History of Racist Ideas in America)
Ecosystems have the power to positively disrupt economic systems. BMaaS (Business Models-as-a-System) harness open ecosystems as a complex set of interacting relationships and networks. The stronger these relationships, the more resilient the systems.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume IV - Disruption as a Springboard to Value Creation)
Anything that can be automated, cognified, decentralized, digitized, disintermediated, or virtualized will be. These shifts will radically transform every aspect of the economy, including industries, sectors, professions, jobs… even the meaning of work itself.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume III - Beta Your Life: Existence in a Disruptive World)
If we are to remain relevant, we need to build antifragile foundations to prepare for disruption and benefit from any disorder. We must create innovative, fluid, and adventurous mindsets as well as social and economic networked ecosystems that strengthen from stress, random events, and shocks.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume IV - Disruption as a Springboard to Value Creation)
If we are to remain relevant and not delegate our strategic decision-making to machines, we must create innovative social and economic ecosystems that become stronger under stress and through shocks.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume I - Reframing and Navigating Disruption)
In the social production of their existence, men inevitably enter into definite relations, which are independent of their will, namely relations of production appropriate to a given stage in the development of their material forces of production. The totality of these relations of production constitutes the economic structure of society, the real foundation, on which arises a legal and political superstructure and to which correspond definite forms of social consciousness. The mode of production of material life conditions the general process of social, political and intellectual life. It is not the consciousness of men that determines their existence, but their social existence that determines their consciousness. At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production or – this merely expresses the same thing in legal terms – with the property relations within the framework of which they have operated hitherto. From forms of development of the productive forces these relations turn into their fetters. Then begins an era of social revolution. The changes in the economic foundation lead sooner or later to the transformation of the whole immense superstructure.
Karl Marx (A Contribution to the Critique of Political Economy)
The last clear definite function of man—muscles aching to work, minds aching to create beyond the single need—this is man....For man, unlike any other thing organic or inorganic in the universe, grows beyond his work, walks up the stairs of his concepts, emerges ahead of his accomplishments. This you may say of man—when theories change and crash, when schools, philosophies, when narrow dark alleys of thought, national, religious, economic, grow and disintegrate, man reaches, stumbles forward, painfully, mistakenly sometimes. Having stepped forward, he may slip back, but only half a step, never the full step back. This you may say and know it and know it. This you may know when the bombs plummet out of the black planes on the market place, when prisoners are stuck like pigs, when the crushed bodies drain filthily in the dust. You may know it in this way. If the step were not being taken, if the stumbling-forward ache were not alive, the bombs would not fall, the throats would not be cut. Fear the time when the bombs stop falling while the bombers live—for every bomb is proof that the spirit has not died. And fear the time when the strikes stop while the great owners live—for every little beaten strike is proof that the step is being taken. And this you can know—fear the time when Manself will not suffer and die for a concept, for this one quality is the foundation of Manself, and this one quality is man, distinctive in the universe.
John Steinbeck (The Grapes of Wrath)
My definition of marketing is simple—it’s all about educating the marketplace that your business can solve problems, fill voids, or achieve opportunities and goals the way no other business can.
Jay Abraham (The Sticking Point Solution: 9 Ways to Move Your Business from Stagnation to Stunning Growth In Tough Economic Times)
Capitalism resembles a wild forest. But a Permaculture Economy resembles a productive fruit garden. Both are great, but the latter facilitates prosperity more equitably and with more definiteness of purpose.
Hendrith Vanlon Smith Jr. (Principles of a Permaculture Economy)
Europeans never had the remotest intention of raising Africans to the Western level, of sharing with them the instruments of physical, political or economic power. It was precisely their intention, their necessity, to keep the people they ruled in a state of cultural anarchy, that is, simply in a barbaric state. “The famous inferiority complex one is pleased to observe as a characteristic of the colonized is no accident but something very definitely desired and deliberately inculcated by the colonizer.
James Baldwin (Nobody Knows My Name)
At the center of the requirements of the scroll is the provision for “the year of release,” the elimination of debt after seven years (Deut. 15:1–18).5 This teaching requires that at the end of six years, debts that remain unpaid will be cancelled. This most radical teaching intends that the practice of economy shall be subordinated to the well-being of the neighborhood. Social relationships between neighbors—creditors and debtors—are more important and definitional than the economic realities under consideration and there should be no permanent underclass in Israel, so that even the poor are assured wherewithal to participate in the economy in viable ways.
Walter Brueggemann (Truth Speaks to Power: The Countercultural Nature of Scripture)
Many scientific concepts—from time to chemical bonds to genes to species—lack stable definitions but remain helpful categories to think with. From one perspective, “individual” is no different: just another category to guide human thought and behavior. Nonetheless, so much of daily life and experience—not to mention our philosophical, political, and economic systems—depends on individuals that it can be hard to stand by and watch the concept dissolve. Where does this leave “us”? What about “them”? “Me”? “Mine”? “Everyone”? “Anyone”? My response to the discussions at the conference was not just intellectual
Merlin Sheldrake (Entangled Life: How Fungi Make Our Worlds, Change Our Minds & Shape Our Futures)
One evening at a remote provincial college through which I happened to be jogging on a protracted lecture tour, I suggested a little quiz—-ten definitions of a reader, and from these ten the students had to choose four definitions that would combine to make a good reader. I have mislaid the list, but as far as I remember the definitions went something like this. Select four answers to the question what should a reader be to be a good reader: 1. The reader should belong to a book club. 2. The reader should identify himself or herself with the hero or heroine. 3. The reader should concentrate on the social-economic angle. 4. The reader should prefer a story with action and dialogue to one with none. 5. The reader should have seen the book in a movie. 6. The reader should be a budding author. 7. The reader should have imagination. 8. The reader should have memory. 9. The reader should have a dictionary. 10. The reader should have some artistic sense. The students leaned heavily on emotional identification, action, and the social-economic or historical angle. Of course, as you have guessed, the good reader is one who has imagination, memory, a dictionary, and some artistic sense–-which sense I propose to develop in myself and in others whenever I have the chance.
Vladimir Nabokov (Lectures on Literature)
Free markets and capitalism are predicated upon the definition of greed as altruistic in economics". ~R. Alan Woods [2012]
R. Alan Woods
Racist ideas always seemed to arrive right on time to dress up the ugly economic and political exploitation of African people. Ironically,
Ibram X. Kendi (Stamped from the Beginning: The Definitive History of Racist Ideas in America)
Ability to see the cultural value of wilderness boils down, in the last analysis, to a question of intellectual humility. The shallow-minded modern who has lost his rootage in the land assumes that he has already discovered what is important; it is such who prate of empires, political or economic, that will last a thousand years. It is only the scholar who appreciates that all history consists of successive excursions from a single starting-point, to which man returns again and again to organize yet another search for a durable scale of values. It is only the scholar who understands why the raw wilderness gives definition and meaning to the human enterprise.
Aldo Leopold
To put it bluntly, it is not clear that cheering for innovation in the bombastic way we see in the blue states actually improves the economic well-being of average citizens. For example, the last fifteen years have been a golden age of financial and software innovation, but they have been feeble in terms of GDP growth. In ideological terms, however, innovation definitely works: as a way of excusing soaring inequality and explaining the exalted status of the rich, it's the best we've got.
Thomas Frank (Listen, Liberal: Or, What Ever Happened to the Party of the People)
What is the definition of “love”? Jesus answered that by depicting a man meeting material, physical, and economic needs through deeds. Caring for people’s material and economic needs is not an option for Jesus. He refused to allow the law expert to limit the implications of this command to love.
Timothy J. Keller (Generous Justice: How God's Grace Makes Us Just)
There is yet another class that, having found that their own religion not only prevents free thinking but that some of its philosophies are also against some basic social, economic and scientific concepts of life as required by the progressive society, comes to the illogical conclusion that all religions similarly thwart the growth of progressive societies... Such people fall easy prey to materialism and denounce all religions without having any definite idea of any religion at all.
Mohammed Ali Muhiyaddin (A Comparative Study of the Religions of Today)
The gospel Paul preached destroyed racism (“neither Jew no Greek”), economic classism (“slave nor free”), and gender inequality (“no male and female”). The local church should be a mosaic that the world looks at and says, “So that’s what heaven looks like.
Derwin L. Gray (The High Definition Leader: Building Multiethnic Churches in a Multiethnic World)
Action is, by definition, always rational. One is unwarranted in calling goals of action irrational simply because they are not worth striving for from the point of view of one's own valuations. Such a mode of expressions leads to gross misunderstandings. Instead of saying that irrationality plays a role in action, one should accustom oneself to saying merely: There are people who aim at different ends from those that I aim at, and people who employ different means from those I would employ in their situation.
Ludwig von Mises (Epistemological Problems of Economics)
A smart city is an intelligent town that provides enormous possibilities for human growth through art, culture, social, architectural, economic, political, environmental, and scientific flowering with the optimal mix of nature, technology, humanity, and arts.
Amit Ray (Peace Bliss Beauty and Truth: Living with Positivity)
The hedonistic conception of man is that of a lightning calculator of pleasures and pains, who oscillates like a homogeneous globule of desire of happiness under the impulse of stimuli that shift him about the area but leave him intact... He is an isolated, definitive human datum, in stable equilibrium except for the buffets of the impinging forces that displace him in one direction or another. Self-poised in elemental space, he spins symmetrically about his own spiritual axis until the parallelogram of forces bears down on him, whereupon he follows he line of the resultant
Thorstein Veblen
The issue of false consciousness is a genuinely difficult problem that has no definite solution. We should not approve of an unequal and brutal society because surveys show that people are happy. But who has the right to tell those oppressed women or starving landless peasants that they shouldn’t be happy, if they think they are? Does anyone have the right to make those people feel miserable by telling them the ‘truth’? There are no easy answers to these questions, but they definitely tell us that we cannot rely on ‘subjective’ happiness surveys to decide how well people are doing.
Ha-Joon Chang (Economics: The User's Guide)
The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation.
Ludwig von Mises
No more idiotic could be laid down than to require a people to follow a written rule of government 90 years old, if that rule has been definitely broken in order to preserve the unity of the government and to destroy an economic anachronism. In such a crisis legalists may insist that consistency with precedent is more important than firm and far sighted rebuilding. But, manifestly, it is not. Rule following, legal precedence, and political consistency are not more important than right, justice, and plain common sense.
W.E.B. Du Bois (Black Reconstruction in America 1860-1880)
Inequality is neither economic nor technological; it is ideological and political. This is no doubt the most striking conclusion to emerge from the historical approach I take in this book. In other words, the market and competition, profits and wages, capital and debt, skilled and unskilled workers, natives and aliens, tax havens and competitiveness—none of these things exist as such. All are social and historical constructs, which depend entirely on the legal, fiscal, educational, and political systems that people choose to adopt and the conceptual definitions they choose to work with.
Thomas Piketty (Capital and Ideology)
Life is a total process, the inner as well as the outer; the outer definitely affects the inner, but the inner invariably overcomes the outer. What you are, you bring about outwardly. The outer and the inner cannot be separated and kept in watertight compartments, for they are constantly interacting upon each other; but the inner craving, the hidden pursuits and motives, are always more powerful. Life is not dependent upon political or economic activity; life is not a mere outward show, any more than a tree is the leaf or the branch. Life is a total process whose beauty is to be discovered only in its integration.
J. Krishnamurti (Commentaries on Living: First Series)
These people look upon inequality as upon an evil. They do not assert that a definite degree of inequality which can be exactly determined by a judgment free of any arbitrariness and personal evaluation is good and has to be preserved unconditionally. They, on the contrary, declare inequality in itself as bad and merely contend that a lower degree of it is a lesser evil than a higher degree in the same sense in which a smaller quantity of poison in a man’s body is a lesser evil than a larger dose. But if this is so, then there is logically in their doctrine no point at which the endeavors toward equalization would have to stop. Whether one has already reached a degree of inequality which is to be considered low enough and beyond which it is not necessary to embark upon further measures toward equalization is just a matter of personal judgments of value, quite arbitrary, different with different people and changing in the passing of time. As these champions of equalization appraise confiscation and “redistribution” as a policy harming only a minority, viz., those whom they consider to be “too” rich, and benefiting the rest—the majority—of the people, they cannot oppose any tenable argument to those who are asking for more of this allegedly beneficial policy. As long as any degree of inequality is left, there will always be people whom envy impels to press for a continuation of the equalization policy. Nothing can be advanced against their inference: If inequality of wealth and incomes is an evil, there is no reason to acquiesce in any degree of it, however low; equalization must not stop before it has completely leveled all individuals’ wealth and incomes.
Ludwig von Mises (Economic Freedom and Interventionism: An Anthology of Articles and Essays (Liberty Fund Library of the Works of Ludwig von Mises))
From the perspective of society as a whole, there is no fixed or objective need aside from those broad categories required for survival. Rarely, if ever, is there a fixed quantity or definite quality demanded. This is why the needs of individuals are best met by other individuals according to supply, demand, and the price mechanism. And this is why most of the needs of individuals cannot be met only by central government.
Hendrith Vanlon Smith Jr. (Principles of a Permaculture Economy)
I use “anticapitalist” because conservative defenders of capitalism regularly say their liberal and socialist opponents are against capitalism. They say efforts to provide a safety net for all people are “anticapitalist.” They say attempts to prevent monopolies are “anticapitalist.” They say efforts that strengthen weak unions and weaken exploitative owners are “anticapitalist.” They say plans to normalize worker ownership and regulations protecting consumers, workers, and environments from big business are “anticapitalist.” They say laws taxing the richest more than the middle class, redistributing pilfered wealth, and guaranteeing basic incomes are “anticapitalist.” They say wars to end poverty are “anticapitalist.” They say campaigns to remove the profit motive from essential life sectors like education, healthcare, utilities, mass media, and incarceration are “anticapitalist.” In doing so, these conservative defenders are defining capitalism. They define capitalism as the freedom to exploit people into economic ruin; the freedom to assassinate unions; the freedom to prey on unprotected consumers, workers, and environments; the freedom to value quarterly profits over climate change; the freedom to undermine small businesses and cushion corporations; the freedom from competition; the freedom not to pay taxes; the freedom to heave the tax burden onto the middle and lower classes; the freedom to commodify everything and everyone; the freedom to keep poor people poor and middle-income people struggling to stay middle income, and make rich people richer. The history of capitalism—of world warring, classing, slave trading, enslaving, colonizing, depressing wages, and dispossessing land and labor and resources and rights—bears out the conservative definition of capitalism.
Ibram X. Kendi (How to Be an Antiracist)
DB: There's a lot of talk about terrorism. In fact, it's become almost an obsession for the media in the United States. But it's a very narrow definition of terrorism. AR: Yes. It completely ignores the economic terrorism unleashed by neoliberalism, which devastates the lives of millions of people, depriving them of water, food, electricity. Denying them medicine. Denying them education. Terrorism is the logical extension of this business of the free market. Terrorism is the privatization of war. Terrorists are the free marketeers of war - people who believe that it isn't only the state that can wage war, but private parties as well. If you look at the logic underlying an act of terrorism and the logic underlying a retaliatory war against terrorism, they are the same. Both terrorists and governments make ordinary people pay for the actions of their governments. Osama bin Laden is making people pay for the actions of the US state, whether it's in Saudi Arabia, Palestine, or Afghanistan. The US government is making the people of Iraq pay for the actions of Saddam Hussein. The people of Afghanistan pay for the crimes of the Taliban. The logic is the same. Osama bin Laden and George Bush are both terrorists. They are both building international networks that perpetrate terror and devastate people's lives. Bush, with the Pentagon, the WTO, the IMF, and the World Bank. Bin Laden with Al Qaeda.
Arundhati Roy (The Checkbook and the Cruise Missile: Conversations with Arundhati Roy)
We can unfortunately not indefinitely extend the sphere of common action and still leave the individual free in his own sphere. Once the communal sector, in which the state controls all the means, exceeds a certain proportion of the whole, the effects of its actions dominate the whole system. Although the state controls directly the use of only a large part of the available resources, the effects of its decisions on the remaining part of the economic system become so great that indirectly it controls almost everything.
Friedrich A. Hayek (The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F.A. Hayek Book 2))
As any number of radical theorists from Brecht through to Foucault and Badiou have maintained, emancipatory politics must always destroy the appearance of a ‘natural order’, must reveal what is presented as necessary and inevitable to be a mere contingency, just as it must make what was previously deemed to be impossible seem attainable. It is worth recalling that what is currently called realistic was itself once ‘impossible’: the slew of privatizations that took place since the 1980s would have been unthinkable only a decade earlier, and the current political-economic landscape (with unions in abeyance, utilities and railways denationalized) could scarcely have been imagined in 1975. Conversely, what was once eminently possible is now deemed unrealistic. ‘Modernization’, Badiou bitterly observes, ‘is the name for a strict and servile definition of the possible. These ‘reforms’ invariably aim at making impossible what used to be practicable (for the largest number), and making profitable (for the dominant oligarchy) what did not used to be so’. At
Mark Fisher (Capitalist Realism: Is There No Alternative?)
Chapter 10 ECONOMICS The new socialist human being should think like Lenin, act like Stalin, and work like Stakhanov. —Walter Ulbricht The definition of socialism: an incessant struggle against difficulties that would not exist in any other system. —Hungarian joke of the 1950s
Anne Applebaum (Iron Curtain: The Crushing of Eastern Europe, 1944-1956)
A definite pessimist believes the future can be known, but since it will be bleak, he must prepare for it. Perhaps surprisingly, China is probably the most definitely pessimistic place in the world today. When Americans see the Chinese economy grow ferociously fast (10% per year since 2000), we imagine a confident country mastering its future. But that’s because Americans are still optimists, and we project our optimism onto China. From China’s viewpoint, economic growth cannot come fast enough. Every other country is afraid that China is going to take over the world; China is the only country afraid that it won’t. China can grow so fast only because its starting base is so low. The easiest way for China to grow is to relentlessly copy what has already worked in the West. And that’s exactly what it’s doing: executing definite plans by burning ever more coal to build ever more factories and skyscrapers. But with a huge population pushing resource prices higher, there’s no way Chinese living standards can ever actually catch up to those of the richest countries, and the Chinese know it. This is why the Chinese leadership is obsessed with the way in which things threaten to get worse. Every senior Chinese leader experienced famine as a child, so when the Politburo looks to the future, disaster is not an abstraction. The Chinese public, too, knows that winter is coming. Outsiders are fascinated by the great fortunes being made inside China, but they pay less attention to the wealthy Chinese trying hard to get their money out of the country. Poorer Chinese just save everything they can and hope it will be enough. Every class of people in China takes the future deadly seriously.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
Value is determined by individual buyers and sellers. There is no item or service which has a fixed or definite value. Because circumstances, scenarios, and objectives vary indefinitely; value also varies indefinitely. Peacoats are very valuable to people in Michigan, but have much less value to the residents of Texas. The reason why is simply because it gets much colder more often in Michigan than it does in Texas, and coats of any kind are rarely required in the warm climate of Texas. If a regulator were to say that sellers in Michigan can not sell peacoats for a higher price than they are sold in Texas, they would be perverting the market. Without price fixing, the price for peacoats would likely be higher in Michigan simply because the demand for that product is higher there. Value is subjective in the same way that needs are subjective
Hendrith Vanlon Smith Jr. (Principles of a Permaculture Economy)
We must completely set aside the idea or practice of a method. The central issue is whether the mind—it includes the heart, the brain and the whole physical organism—can live without any distortion, without any compulsion and therefore without any effort. Our minds are distorted; they have been shaped by the culture in which we live, by the religious, economic structures, by the food we eat and so on. The mind is given a definite form, it is conditioned and this conditioning is a distortion. A mind can see very clearly, purely, completely, innocently, only when there is no distortion.
J. Krishnamurti (Meeting Life: Writings and Talks on Finding Your Path Without Retreating from Society)
because mainstream scholarship simply accepted capitalism as the same as democracy and the only possible economic system, scholarship that emphasized political economy was left to those who were by definition radicals, which increased its likelihood of being stigmatized as “ideological” and “unscientific.
Robert W. McChesney (Digital Disconnect: How Capitalism is Turning the Internet Against Democracy)
The general economic growth of the quarter of a century that followed World War II not surprisingly created many illusions. In the West, people thought that they had found in Keynesianism the definitive solution to the problem of crises and unemployment. It was thus thought that the world had entered into an era of perpetual prosperity and definitive mastery of the business cycle. In the socialist world, it was also thought that the model formula for even higher growth had been discovered which enabled Khruschev to announce victoriously that by 1980 the USSR would have overtaken the united States "in every domain." In the third world of Africa and Asia, the national liberation movements which had seized political independence, also had a battery of prescriptions which, in a mix of capitalist and socialist recipes, in doses that varied from case to case, would enable these movements to overcome "underdevelopment" in "interdependence.
Samir Amin
The most successful ruse of neoliberal dominance in both global and domestic affairs is the definition of economic policy as primarily a matter of neutral, technical expertise. This expertise is then presented as separate from politics and culture, and not properly subject to specifically political accountability or cultural critique. Opposition to material inequality is maligned as "class warfare," while race, gender or sexual inequalities are dismissed as merely cultural, private, or trivial. This rhetorical separation of the economic from the political and cultural arenas disguises the upwardly redistributing goals of neoliberalism—its concerted efforts to concentrate power and resources in the hands of tiny elites. Once economics is understood as primarily a technical realm, the trickle-upward effects of neoliberal policies can be framed as due to performance rather than design, reflecting the greater merit of those reaping larger rewards.
Lisa Duggan (The Twilight of Equality?: Neoliberalism, Cultural Politics, and the Attack on Democracy)
That the social life of human beings is subject to definite limitations; that it is governed by a set of laws that are comparable with those of Nature; these are notions that are unknown to the etatist. For the etatist, everything is a question of Macht - power, force, might. And his conception of Macht is crudely materialistic.
Ludwig von Mises (The Theory of Money and Credit (Liberty Fund Library of the Works of Ludwig von Mises))
There have been ample opportunities since 1945 to show that material superiority in war is not enough if the will to fight is lacking. In Algeria, Vietnam and Afghanistan the balance of economic and military strength lay overwhelmingly on the side of France, the United States, and the Soviet Union, but the will to win was slowly eroded. Troops became demoralised and brutalised. Even a political solution was abandoned. In all three cases the greater power withdrew. The Second World War was an altogether different conflict, but the will to win was every bit as important - indeed it was more so. The contest was popularly perceived to be about issues of life and death of whole communities rather than for their fighting forces alone. They were issues, wrote one American observer in 1939, 'worth dying for'. If, he continued, 'the will-to-destruction triumphs, our resolution to preserve civilisation must become more implacable...our courage must mount'. Words like 'will' and 'courage' are difficult for historians to use as instruments of cold analysis. They cannot be quantified; they are elusive of definition; they are products of a moral language that is regarded sceptically today, even tainted by its association with fascist rhetoric. German and Japanese leaders believed that the spiritual strength of their soldiers and workers in some indefinable way compensate for their technical inferiority. When asked after the war why Japan lost, one senior naval officer replied that the Japanese 'were short on spirit, the military spirit was weak...' and put this explanation ahead of any material cause. Within Germany, belief that spiritual strength or willpower was worth more than generous supplies of weapons was not confined to Hitler by any means, though it was certainly a central element in the way he looked at the world. The irony was that Hitler's ambition to impose his will on others did perhaps more than anything to ensure that his enemies' will to win burned brighter still. The Allies were united by nothing so much as a fundamental desire to smash Hitlerism and Japanese militarism and to use any weapon to achieve it. The primal drive for victory at all costs nourished Allied fighting power and assuaged the thirst for vengeance. They fought not only because the sum of their resources added up to victory, but because they wanted to win and were certain that their cause was just. The Allies won the Second World War because they turned their economic strength into effective fighting power, and turned the moral energies of their people into an effective will to win. The mobilisation of national resources in this broad sense never worked perfectly, but worked well enough to prevail. Materially rich, but divided, demoralised, and poorly led, the Allied coalition would have lost the war, however exaggerated Axis ambitions, however flawed their moral outlook. The war made exceptional demands on the Allied peoples. Half a century later the level of cruelty, destruction and sacrifice that it engendered is hard to comprehend, let alone recapture. Fifty years of security and prosperity have opened up a gulf between our own age and the age of crisis and violence that propelled the world into war. Though from today's perspective Allied victory might seem somehow inevitable, the conflict was poised on a knife-edge in the middle years of the war. This period must surely rank as the most significant turning point in the history of the modern age.
Richard Overy (Why the Allies Won)
On the TV screen in Harry's is The Patty Winters Show, which is now on in the afternoon and is up against Geraldo Rivera, Phil Donahue and Oprah Winfrey. Today's topic is Does Economic Success Equal Happiness? The answer, in Harry's this afternoon, is a roar of resounding "Definitely," followed by much hooting, the guys all cheering together in a friendly way. On the screen now are scenes from President Bush's inauguration early this year, then a speech from former President Reagan, while Patty delivers a hard-to-hear commentary. Soon a tiresome debate forms over whether he's lying or not, even though we don't, can't, hear the words. The first and really only one to complain is Price, who, though I think he's bothered by something else, uses this opportunity to vent his frustration, looks inappropriately stunned, asks, "How can he lie like that? How can he pull that shit?" "Oh Christ," I moan. "What shit? Now where do we have reservations at? I mean I'm not really hungry but I would like to have reservations somewhere. How about 220?" An afterthought: "McDermott, how did that rate in the new Zagat's?" "No way," Farrell complains before Craig can answer. "The coke I scored there last time was cut with so much laxative I actually had to take a shit in M.K." "Yeah, yeah, life sucks and then you die." "Low point of the night," Farrell mutters. "Weren't you with Kyria the last time you were there?" Goodrich asks. "Wasn't that the low point?" "She caught me on call waiting. What could I do?" Farrell shrugs. "I apologize." "Caught him on call waiting." McDermott nudges me, dubious. "Shut up, McDermott," Farrell says, snapping Craig's suspenders. "Date a beggar." "You forgot something, Farrell," Preston mentions. "McDermott is a beggar." "How's Courtney?" Farrell asks Craig, leering. "Just say no." Someone laughs. Price looks away from the television screen, then at Craig, and he tries to hide his displeasure by asking me, waving at the TV, "I don't believe it. He looks so... normal. He seems so... out of it. So... un dangerous." "Bimbo, bimbo," someone says. "Bypass, bypass." "He is totally harmless, you geek. Was totally harmless. Just like you are totally harmless. But he did do all that shit and you have failed to get us into 150, so, you know, what can I say?" McDermott shrugs. "I just don't get how someone, anyone, can appear that way yet be involved in such total shit," Price says, ignoring Craig, averting his eyes from Farrell. He takes out a cigar and studies it sadly. To me it still looks like there's a smudge on Price's forehead. "Because Nancy was right behind him?" Farrell guesses, looking up from the Quotrek. "Because Nancy did it?" "How can you be so fucking, I don't know, cool about it?" Price, to whom something really eerie has obviously happened, sounds genuinely perplexed. Rumor has it that he was in rehab.
Bret Easton Ellis (American Psycho)
Another view of the Constitution was put forward early in the twentieth century by the historian Charles Beard (arousing anger and indignation, including a denunciatory editorial in the New York Times). He wrote in his book An Economic Interpretation of the Constitution: Inasmuch as the primary object of a government, beyond the mere repression of physical violence, is the making of the rules which determine the property relations of members of society, the dominant classes whose rights are thus to be determined must perforce obtain from the government such rules as are consonant with the larger interests necessary to the continuance of their economic processes, or they must themselves control the organs of government. In short, Beard said, the rich must, in their own interest, either control the government directly or control the laws by which government operates. Beard applied this general idea to the Constitution, by studying the economic backgrounds and political ideas of the fifty-five men who gathered in Philadelphia in 1787 to draw up the Constitution. He found that a majority of them were lawyers by profession, that most of them were men of wealth, in land, slaves, manufacturing, or shipping, that half of them had money loaned out at interest, and that forty of the fifty-five held government bonds, according to the records of the Treasury Department. Thus, Beard found that most of the makers of the Constitution had some direct economic interest in establishing a strong federal government: the manufacturers needed protective tariffs; the moneylenders wanted to stop the use of paper money to pay off debts; the land speculators wanted protection as they invaded Indian lands; slaveowners needed federal security against slave revolts and runaways; bondholders wanted a government able to raise money by nationwide taxation, to pay off those bonds. Four groups, Beard noted, were not represented in the Constitutional Convention: slaves, indentured servants, women, men without property. And so the Constitution did not reflect the interests of those groups. He wanted to make it clear that he did not think the Constitution was written merely to benefit the Founding Fathers personally, although one could not ignore the $150,000 fortune of Benjamin Franklin, the connections of Alexander Hamilton to wealthy interests through his father-in-law and brother-in-law, the great slave plantations of James Madison, the enormous landholdings of George Washington. Rather, it was to benefit the groups the Founders represented, the “economic interests they understood and felt in concrete, definite form through their own personal experience.
Howard Zinn (A People's History of the United States: 1492 to Present)
A statistician for the Prudential Insurance Company predicted the imminent extinction of Black people in his epic book that relied on the 1890 census figures. Unlike the Plessy ruling, Frederick Hoffman’s Race Traits and Tendencies of the American Negro received plenty of attention in 1896. Packed with statistical tables and published by the American Economic Association, the book was a pioneering work in American medical research, and it catapulted Hoffman into scientific celebrity in the Western world as the heralded father of American public health. At “the time of emancipation,” he wrote, southern Blacks were “healthy in body and cheerful in mind.” “What are the conditions thirty years after?” Well, “in the plain language of the facts,” free Blacks were headed toward “gradual extinction,” pulled down by their natural immoralities, law-breaking, and diseases. Hoffman supplied his employer with an excuse for its discriminatory policies concerning African Americans—that is, for denying them life insurance. White life insurance companies refused to insure a supposedly dying race. Yet another racist idea was produced to defend a racist policy.3
Ibram X. Kendi (Stamped from the Beginning: The Definitive History of Racist Ideas in America)
Morals, including especially, our institutions of property, freedom and justice, are not a creation of man’s reason but a distinct second endowment conferred on him by cultural evolution - runs counter to the main intellectual outlook of the twentieth century. The influence of rationalism has indeed been so profound and pervasive that, in general, the more intelligent an educated person is, the more likely he or she now is not only to be a rationalist, but also to hold socialist views (regardless of whether he or she is sufficiently doctrinal to attach to his or her views any label, including ‘socialist’). The higher we climb up the ladder of intelligence, the more we talk with intellectuals, the more likely we are to encounter socialist convictions. Rationalists tend to be intelligent and intellectual; and intelligent intellectuals tend to be socialist. One’s initial surprise at finding that intelligent people tend to be socialist diminishes when one realises that, of course, intelligent people will tend to overvalue intelligence, and to suppose that we must owe all the advantages and opportunities that our civilisation offers to deliberate design rather than to following traditional rules, and likewise to suppose that we can, by exercising our reason, eliminate any remaining undesired features by still more intelligence reflection, and still more appropriate design and ’rational coordination’ of our undertakings. This leads one to be favorably disposed to the central economic planning and control that lie at the heart of socialism… And since they have been taught that constructivism and scientism are what science and the use of reason are all about, they find it hard to believe that there can exist any useful knowledge that did not originate in deliberate experimentation, or to accept the validity of any tradition apart from their own tradition of reason. Thus [they say]: ‘Tradition is almost by definition reprehensible, something to be mocked and deplored’.
Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (Volume 1) (The Collected Works of F. A. Hayek))
Had Schleicher been successful in his leadership of the German government at the end of 1932, he would probably have headed a very moderate, essentially anti-Nazi form of nationalist authoritarianism that would have avoided a sharp break with the republican constitution and promoted a reflationary, reformist economic policy along Keynesian or New Deal lines to revive the economy and conciliate German society.
Stanley G. Payne (Fascism: Comparison and Definition)
This daunting and wondrous century is throwing open basic questions the twentieth century thought it had answered. Our questions are intimate and civilizational all at once—definitions of when life begins and when death happens; of the meaning of marriage and family and identity; of our relationship to the natural world; of our relationship to technology and our relationships through technology. The Internet in its infancy is upending the nature of making and leading and learning and belonging. It’s sending us into a new Reformation, but this time of all of our institutions at once—political, educational, economic, and religious. The interesting and challenging thing about this moment is that we know the old forms aren’t working. But we can’t yet see what the new forms will be. We are making them up in “real time”; we’re even reimagining time.
Krista Tippett (Becoming Wise Deluxe: An Inquiry into the Mystery and Art of Living)
Of course, almost all people, guided by the traditional manner of dealing with ethical precepts, peremptorily repudiate such an explanation of the issue. Social institutions, they assert, must be just. It is base to judge them merely according to their fitness to attain definite ends, however desirable these ends may be from any other point of view. What matters first is justice. The extreme formulation of this idea is to be found in the famous phrase: fiai fustitia, pereat mundus. Let justice be done, even if it destroys the world. Most supporters of the postulate of justice will reject this maxim as extravagant, absurd, and paradoxical. But it is not more absurd, merely more shocking, than any other reference to an arbitrary notion of absolute justice. It clearly shows the fallacies of the methods applied in the discipline of intuitive ethics.
Ludwig von Mises (Theory and History: An Interpretation of Social and Economic Evolution)
Too many people today on Wall Street go for the quick buck at the expense of their reputation and client satisfaction, the rationale being “let’s make the money while we can and retire early in the sun.” For me, this is not a sprint but a marathon, besides the fact that, in my definition, overnight success is 15 years. Anyone who does not understand the basic tenets of this philosophy is not someone I can or will do business with.
Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
All cultures have, furthermore, an economic, social, and political base, and no culture can continue to live if its political destiny is not in its own hands. “Any political and social regime which destroys the self-determination of a people also destroys the creative power of that people.” When this has happened the culture of that people has been destroyed. And it is simply not true that the colonizers bring to the colonized a new culture to replace the old one, a culture not being something given to a people, but, on the contrary and by definition, something that they make themselves. Nor is it, in any case, in the nature of colonialism to wish or to permit such a degree of well-being among the colonized. The well-being of the colonized is desirable only insofar as this well-being enriches the dominant country, the necessity of which is simply to remain dominant.
James Baldwin (Nobody Knows My Name)
I have been giving the best of my advice to this project since 1975. At first I was extremely hopeful. The original objectives of the language included reliability, readability of programs, formality of language definition, and even simplicity. Gradually these objectives have been sacrificed in favor of power, supposedly achieved by a plethora of features and notational conventions, many of them unnecessary and some of them, like exception handling, even dangerous. ... It is not too late! I believe that by careful pruning of the ADA language, it is still possible to select a very powerful subset that would be reliable and efficient in implementation and safe and economic in use. The sponsors of the language have declared unequivocally, however, that there shall be no subsets. This is the strangest paradox of the whole strange project. If you want a language with no subsets, you must make it small.
C.A.R. Hoare
Sennett maintains that the narcissistic individual intentionally avoids achieving goals: closure yields an objectifiable form, which, inasmuch as it possesses independent substance, weakens the self. In fact, precisely the opposite holds. The socially conditioned impossibility of objectively valid, definitive forms of closure drives the subject into narcissistic self-repetition; consequently, it fails to achieve gestalt, stable self-image, or character. Thus, it is not a matter of intentionally “avoiding” the achievement of goals in order to heighten the feeling of self. Instead, the feeling of having achieved a goal never occurs. It is not that the narcissistic subject does not want to achieve closure. Rather, it is incapable of getting there. It loses itself and scatters itself into the open. The absence of forms of closure depends, not least of all, on economic factors: openness and inconclusiveness favor growth.
Byung-Chul Han (The Burnout Society)
And what were the democracies fighting for? “In the future days, which we seek to make secure, we look forward to a world founded upon four essential human freedoms,” he said. The first is freedom of speech and expression—everywhere in the world. The second is freedom of every person to worship God in his own way—everywhere in the world. The third is freedom from want—which, translated into world terms, means economic understandings which will secure to every nation a healthy peacetime life for its inhabitants—everywhere in the world. The fourth is freedom from fear—which, translated into world terms, means a world-wide reduction of armaments to such a point and in such a thorough fashion that no nation will be in a position to commit an act of physical aggression against any neighbor—anywhere in the world. He closed on a note of realistic hope. “That is no vision of a distant millennium,” Roosevelt said. “It is a definite basis for a kind of world attainable in our own time and generation.
Jon Meacham (The Soul of America: The Battle for Our Better Angels)
If you eat just twenty-four morsels in your morning meal, you will definitely not feel sleepy until dinnertime. After one-and-a-half to two hours, you will be hungry, and that is the best way to be. Just because the stomach is empty, you do not have to put food. Just drink water and you will stay alert and energetic throughout the day. Your system will learn to use the food you have eaten well, rather than simply wasting it. Economically and ecologically it is good for the world, and good for your health – you may never fall sick if you eat like this.
Sadhguru (Body the Greatest Gadget)
When I say I want to abolish work, I mean just what I say, but I want to say what I mean by defining my terms in non-idiosyncratic ways. My minimum definition of work is *forced* *labor*, that is, compulsory production. Both elements are essential. Work is production enforced by economic or political means, by the carrot or the stick. (The carrot is just the stick by other means.) But not all creation is work. Work is never done for its own sake, it's done on account of some product or output that the worker (or, more often, somebody else) gets out of it.
Bob Black (The Abolition of Work)
Recommended Reading Mike Cohn in his book User Stories Applied provides insights and details on user stories, including how to write them and their characteristics. His book Agile Estimating and Planning provides guidance on prioritizing user stories. Luke Hohmann in his book Innovation Games: Creating Breakthrough Products Through Collaborative Play describes 12 innovation games. The Definitive Guide to Getting Your Budget Approved by Johannes Ritter and Frank Röttgers provides a systematic guide for creating a quantifying the economic value for projects.
Gloria J. Miller (Going Agile Project Management Practices)
The Great Race seemed to form a single, loosely knit nation or league, with major institutions in common, though there were four definite divisions. The political and economic system of each unit was a sort of fascistic socialism, with major resources rationally distributed, and power delegated to a small governing board elected by the votes of all able to pass certain educational and psychological tests. Family organisation was not overstressed, though ties among persons of common descent were recognised, and the young were generally reared by their parents.
H.P. Lovecraft (The Shadow Out of Time)
Theoretically it is, indeed, asserted that the relation between employer and employee is based upon a contract for the accomplishment of a definite purpose. The purpose in this case is social production. But a contract has meaning only when both parties participate equally in the purpose. In reality, however, the worker has today no voice in determining production, for this is given over completely to the employer. The consequence is that the worker is debased by doing a thousand things which constantly serve only to injure the whole community for the advantage of the employer.
Rudolf Rocker (Anarcho-Syndicalism: Theory and Practice (Working Classics))
Joseph Schumpeter emphasized that all analysis in economics is preceded by a pre-analytical cognitive act, called vision, in which the analyst ‘visualise[s] a distinct set of coherent phenomena as a worth-while object of [his] analytic efforts’. He pointed out that ‘this vision is ideological almost by definition’, as ‘the way in which we see things can hardly be distinguished from the way in which we wish to see them’. The quote is from J. Schumpeter, History of Economic Analysis (New York: Oxford University Press, 1954), pp. 41–2. I thank William Milberg for pointing me to this quote.
Ha-Joon Chang (Economics: The User's Guide)
Modern historical research in East Germany is still conducted in the light of Dmitrov's definition of fascism as 'the openly terroristic dictatorship of the most reactionary, most chauvinistic and most imperialistic elements of Finance-Capital'. No doubt this definition had a function and a degree of plausibility in 1935, but today, in view of the later development of Nazi Germany, it can have only very limited use as a starting point for an investigation, and can certainly not be regarded as an answer to the problem of the relationship between politics and economics under National Socialism.
Timothy W. Mason (Nazism, Fascism and the Working Class)
for ordinary African Americans, coping with hegemonic gender ideology can be so demanding that generating alternatives can seem virtually impossible. But the importance of this task cannot be underestimated because African American survival may depend on it. One important task lies in rejecting dominant gender ideology, in particular, its use of the thesis of "weak men, strong women" as a source of Black social control. Because hegemonic masculinity equates strength with dominance, an antiracist politics must challenge this connection. Within this project, the fundamental premise of any progressive Black gender ideology is that it cannot be based on someone else's subordination. This means that definitions of Black masculinity that rely on the subordination of Black women, poor people, children, LGBT people, or anyone else become invalid. Definitions of Black femininity that do not challenge relations of sexism, economic exploitation, age, heterosexism, and other markers of social inequality also become suspect. Rather than trying to be strong within existing gender ideology, the task lies in rejecting a gender ideology that measures masculinity and femininity using gendered definitions of strength. In this endeavor to craft a more progressive Black gender ideology, African American men and women face similar yet distinctive challenges. The task for African American men lies in developing new definitions of masculinity that uncouple strength from its close ties to male dominance. Good Black men need not rule their families with an iron hand, assault one another, pursue endless booty calls, and always seem to be "in control" in order to avoid the sigma of weakness. The task for African American women lies in redefining strength in ways that simultaneously enable Black women to reclaim historical sources of female power, yet reject the exploitation that has often accompanied that power. Good Black women need not be stoic mules whose primary release from work and responsibility comes once a week on Sunday morning. New definitions of strength would enable Black men and women alike to be seen as needing and worthy of one another's help and support without being stigmatized as either overly weak or unnaturally strong.
Patricia Hill Collins (Black Sexual Politics: African Americans, Gender, and the New Racism)
The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.
Lewis H. Lapham
In fact, the summum bonum of his ethic, the earning of more and more money, combined with the strict avoidance of all spontaneous enjoyment of life, is above all completely devoid of any eudaemonistic, not to say hedonistic, admixture. It is thought of so purely as an end in itself, that from the point of view of the happiness of, or utility to, the single individual, it appears entirely transcendental and absolutely irrational. Man is dominated by the making of money, by acquisition as the ultimate purpose of his life. Economic acquisition is no longer subordinated to man as the means for the satisfaction of his material needs. This reversal of what we should call the natural relationship, so irrational from a naive point of view, is evidently as definitely a leading principle of capitalism as it is foreign to all peoples not under capitalistic influence.
Max Weber (The Protestant Ethic and the Spirit of Capitalism)
It’s an old term, “white trash,” older than the United States of America itself. Its roots lie in the seventeenth century, when “lubbers” and “crackers,” these formerly indentured and escaped white servants, formed their own communities on the outskirts of the Chesapeake tidewater region. These whites flouted the colonists’ nascent cultural mold, disrespected their ideas of property, color, and labor. The mass of men thought them boondock curios, except during political and economic crises, when they considered them criminal savages. “White trash” nowadays is a contemptuous term. It implies that one had all the privileges of whiteness but squandered them; one’s poverty is one’s own fault. It’s a shocking term, because it suggests that even without unions and factories, class in America is real, and it cuts across racial lines. But mostly it’s a useful term, because it has no set definition. It’s protean. It’s for when the majority of white people want to delineate what they are by saying, “What we are not is them.
Kent Russell (I Am Sorry to Think I Have Raised a Timid Son)
In the future days, which we seek to make secure, we look forward to a world founded upon four essential human freedoms.
The first is freedom of speech and expression—everywhere in the world.
The second is freedom of every person to worship God in his own way—everywhere in the world.
The third is freedom from want—which, translated into world terms, means economic understandings which will secure to every nation a healthy peacetime life for its inhabitants—everywhere in the world.
The fourth is freedom from fear—which, translated into world terms, means a world-wide reduction of armaments to such a point and in such a thorough fashion that no nation will be in a position to commit an act of physical aggression against any neighbor—anywhere in the world.
That is no vision of a distant millennium. It is a definite basis for a kind of world attainable in our own time and generation. That kind of world is the very antithesis of the so-called new order of tyranny which the dictators seek to create with the crash of a bomb..
Franklin D. Roosevelt
To deny man’s biological determinants or to reduce them by relegating his specific traits to zoology is absurd. The hereditary part of humanity forms only the basis of social and historical life: human instincts are not programmed in their object, i.e., man always has the freedom to make choices, moral as well as political, which naturally are limited only by death. Man is an heir, but he can dispose of his heritage. He can construct himself historically and culturally on the basis of the presuppositions of his biological constitution, which are his human limitations. What lies beyond these limitations may be called God, the cosmos, nothingness, or Being. The question of ‘why’ no longer makes sense, because what is beyond human limitations is by definition unthinkable. Thus, the New Right proposes a vision of a well-balanced individual, taking into account both inborn, personal abilities and the social environment. It rejects ideologies that emphasize only one of these factors, be it biological, economic, or mechanical.
Alain de Benoist
In the face of the threats of a total weightlessness, an unbearable lightness of being, a universal promiscuity and a linearity of processes liable to plunge us into the void, the sudden whirlpools that we dub catastrophes are really the thing that saves us from catastrophe. Anomalies and aberrations of this kind re-create zones of gravity and density that counter dispersion. It may be hazarded that this is how our societies secrete their own peculiar version of an accursed share, much after the fashion of those tribal peoples who used to dispose of their surplus population by means of an oceanic suicide: the homeopathic suicide of a few serving to maintain the homeostatic balance of the group. So the actual catastrophe may turn out to be a carefully modulated strategy of our species - or, more precisely, our viruses, our extreme phenomena, which are most definitively real, albeit localized, may be what allow us to preserve the energy of that virtual catastrophe which is the motor of all our processes, whether economic or political, artistic or historical.
Jean Baudrillard (The Transparency of Evil: Essays in Extreme Phenomena)
The specific economic form, in which unpaid surplus-labour is pumped out of direct producers, determines the relationship of rulers and ruled, as it grows directly out of production itself and, in turn, reacts upon it as a determining element. Upon this, however, is founded the entire formation of the economic community which grows up out of the production relations themselves, thereby simultaneously its specific political form. It is always the direct relationship of the owners of the conditions of production to the direct producers — a relation always naturally corresponding to a definite stage in the development of the methods of labour and thereby its social productivity — which reveals the innermost secret, the hidden basis of the entire social structure and with it the political form of the relation of sovereignty and dependence, in short, the corresponding specific form of the state. This does not prevent the same economic basis — the same from the standpoint of its main conditions — due to innumerable different empirical circumstances, natural environment, racial relations, external historical influences, etc. from showing infinite variations and gradations in appearance, which can be ascertained only by analysis of the empirically given circumstances.
Karl Marx (Capital: A Critique of Political Economy, Volume 3)
The disparity in pay, reported without apology in the local papers for all to see, would have far-reaching effects. It would mean that even the most promising of colored people, having received next to nothing in material assets from their slave foreparents, had to labor with the knowledge that they were now being underpaid by more than half, that they were so behind it would be all but impossible to accumulate the assets their white counterparts could, and that they would, by definition, have less to leave succeeding generations than similar white families. Multiplied over the generations, it would mean a wealth deficit between the races that would require a miracle windfall or near asceticism on the part of colored families if they were to have any chance of catching up or amassing anything of value. Otherwise, the chasm would continue, as it did for blacks as a group even into the succeeding century. The layers of accumulated assets built up by the better-paid dominant caste, generation after generation, would factor into a wealth disparity of white Americans having an average net worth ten times that of black Americans by the turn of the twenty-first century, dampening the economic prospects of the children and grandchildren of both Jim Crow and the Great Migration before they were even born.
Isabel Wilkerson (The Warmth of Other Suns: The Epic Story of America's Great Migration)
The weaker sex has in no previous age been treated with so much respect by men as at present — this belongs to the tendency and fundamental taste of democracy, in the same way as disrespectfulness to old age — what wonder is it that abuse should be immediately made of this respect? They want more, they learn to make claims, the tribute of respect is at last felt to be well-nigh galling; rivalry for rights, indeed actual strife itself, would be preferred: in a word, woman is losing modesty. And let us immediately add that she is also losing taste. She is unlearning to fear man: but the woman who 'unlearns to fear' sacrifices her most womanly instincts. That woman should venture forward when the fear-inspiring quality in man — or more definitely, the man in man — is no longer either desired or fully developed, is reasonable enough and also intelligible enough; what is more difficult to understand is that precisely thereby — woman deteriorates. This is what is happening nowadays: let us not deceive ourselves about it! Wherever the industrial spirit has triumphed over the military and aristocratic spirit, woman strives for the economic and legal independence of a clerk: ''woman as clerkess' is inscribed on the portal of the modern society which is in course of formation. While she thus appropriates new rights, aspires to be 'master,' and inscribes 'progress' of woman on her flags and banners, the very opposite realises itself with terrible obviousness: woman retrogrades.
Friedrich Nietzsche (Beyond Good and Evil)
We have learned from Ludwig von Mises how to respond to the socialists’ evasion (immunization) strategy. As long as the defining characteristic— the essence—of socialism, i.e., the absence of the private ownership of the factors of production, remains in place, no reform will be of any help. The idea of a socialist economy is a contradictio in adjecto, and the claim that socialism represents a higher, more efficient mode of social production is absurd. In order to reach one’s own ends efficiently and without waste within the framework of an exchange economy based on division of labor, it is necessary that one engage in monetary calculation (cost-accounting). Everywhere outside the system of a primitive self-sufficient single household economy, monetary calculation is the sole tool of rational and efficient action. Only by being able to compare inputs and outputs arithmetically in terms of a common medium of exchange (money) can a person determine whether his actions are successful or not. In distinct contrast, socialism means to have no economy, no economizing, at all, because under these conditions monetary calculation and cost-accounting is impossible by definition. If no private property in the factors of production exists, then no prices for any production factor exist; hence, it is impossible to determine whether or not they are employed economically. Accordingly, socialism is not a higher mode of production but rather economic chaos and regression to primitivism.
Hans-Hermann Hoppe (The Great Fiction)
Disparity, Education and Economy Every dollar spent on luxury is a dollar of disparity. Citizens of earth could force big tech to pay their employees fair wages tomorrow, if they just stop buying their fancy, overpriced products and go for humbler alternatives unless the companies bring down their disparities in salary. The CEO may enjoy certain benefits of their position, but not until those working at the bottom can afford the fundamentals of life for their family. I'll say it to you plainly. An employee wronged is a company wronged. You see, trying to build a disparity-free economy pursuing revenue is like trying to achieve pregnancy through vasectomy. So long as greed drives the economy, it's not economy, but catastrophe. So long as greed drives the industries, it's not industrialization, it is vandalization. Ambition to climb the ladder of status so that you could be on the affluent side of disparity, is no ambition of a civilized human, it's the ambition of a caveman. So, before you pursue an ambition in life, educate yourself on a civilized definition of ambition. Yet the situation in our world is so pathetic that that's exactly the kind of ambition educational institutes sell. Schools and universities don't teach you to build a civilized society free from disparity, they teach you clever tactics to be on the affluent side of disparity. This is not education, this is castration. Concern for the society should be the bedrock of education - collective welfare should be the bedrock of economy - if not, we might as well start living as hobos on the streets, because with greed as the driving principle of education and economy, sooner or later all of us will end up on the streets.
Abhijit Naskar (Ingan Impossible: Handbook of Hatebusting)
We cannot provide a definition of those products from which the age takes it name, the feuilletons. They seem to have formed an uncommonly popular section of the daily newspapers, were produced by the millions, and were a major source of mental pabulum for the reader in want of culture. They reported on, or rather "chatted" about, a thousand-and-one items of knowledge. The cleverer writers poked fun at their own work. Many such pieces are so incomprehensible that they can only be viewed as self-persiflage on the part of the authors. In some periods interviews with well-known personalities on current problems were particularly popular. Noted chemists or piano virtuosos would be queried about politics, for example, or popular actors, dancers, gymnasts, aviators, or even poets would be drawn out on the benefits and drawbacks of being a bachelor, or on the presumptive causes of financial crises, and so on. All that mattered in these pieces was to link a well-known name with a subject of current topical interest. It is very hard indeed for us to put ourselves in the place of those people so that we can truly understand them. But the great majority, who seem to have been strikingly fond of reading, must have accepted all these grotesque things with credulous earnestness. If a famous painting changed owners, if a precious manuscript was sold at auction, if an old palace burned down, the readers of many thousands of feature articles at once learned the facts. What is more, on that same day or by the next day at the latest they received an additional dose of anecdotal, historical, psychological, erotic, and other stuff on the catchword of the moment. A torrent of zealous scribbling poured out over every ephemeral incident, and in quality, assortment, and phraseology all this material bore the mark of mass goods rapidly and irresponsibly turned out. Incidentally, there appear to have been certain games which were regular concomitants of the feature article. The readers themselves took the active role in these games, which put to use some of their glut of information fodder. Thousands upon thousands spent their leisure hours sitting over squares and crosses made of letters of the alphabet, filling in the gaps according to certain rules. But let us be wary of seeing only the absurd or insane aspect of this, and let us abstain from ridiculing it. For these people with their childish puzzle games and their cultural feature articles were by no means innocuous children or playful Phaeacians. Rather, they dwelt anxiously among political, economic, and moral ferments and earthquakes, waged a number of frightful wars and civil wars, and their little cultural games were not just charming, meaningless childishness. These games sprang from their deep need to close their eyes and flee from unsolved problems and anxious forebodings of doom into an imaginary world as innocuous as possible. They assiduously learned to drive automobiles, to play difficult card games and lose themselves in crossword puzzles--for they faced death, fear, pain, and hunger almost without defenses, could no longer accept the consolations of the churches, and could obtain no useful advice from Reason. These people who read so many articles and listened to so many lectures did not take the time and trouble to strengthen themselves against fear, to combat the dread of death within themselves; they moved spasmodically on through life and had no belief in a tomorrow.
Hermann Hesse
The work of PME-ART is highly collaborative and is also very much about collaboration, about people working together, trying to negotiate what is meaningful to them, where and how they disagree, and how such agreements and disagreements might be evocatively conveyed. Collaboration is definitely not easy. As a teenager in Toronto I would see many one-person shows and think the reason there is only one person onstage has little to do with art and much to do with economics. I would see many shows where the people onstage felt like employees primarily doing what they had been told. Instead I wanted to see people onstage doing what they wanted to do, and felt that this wanting should include active, alive ways of working together. However, looking back over the past twenty years, I also have to admit that I’m not completely sure collaboration is the place for me. It seems I am temperamentally ill-suited for it. Twenty years of doing something I’m ill-suited for and justifying it to myself through compelling artistic results. (This book is in many ways the story of this struggle.) Because though collaboration has never felt good, I still believe in it. Perhaps I believe in it even more because I find it so difficult. Perhaps I believe in it too much. We are all here on this planet, in our various societies and communities, and like it or not we must find ways to work together. The fact that it is often not easy makes it all that much more necessary. I sometimes wonder if over the years I have over-relied on the metaphor of the collaborative process as microcosm for various global-political realities. It must be a way for me to feel that what I’m doing is more important than it actually is. I think this might be true of all art. Art is a place where the artist feels what they are doing is more important than it actually is. I sincerely wonder if we’ll make it another twenty years.
Jacob Wren (Authenticity is a Feeling: My Life in PME-ART)
There was major u.s. imperialist support for Italian, Spanish and German fascism before and even during World War II, as opposed to support for fascism at home. Fascism was distinct from racism or white supremacy, which were only "as American as apple pie." Neither the ruling class nor the white masses had any real need for fascism. What for? There was no class deadlock paralyzing society. There already was a longstanding, thinly disguised settler dictatorship over the colonial proletariat in North America. In the u.s. settlerism made fascism unnecessary. However good or bad the economic situation was, white settlers were getting the best of what was available. Which was why both the white Left and white Far Right alike back then in the 1930s were patriotic and pro-American. Now only the white Left is. The white Left here is behind in understanding fascism. When they're not using the word loosely and rhetorically to mean any repression at all (like the frequent assertions that cutting welfare is "fascism"! I mean, give us a break!), they're still reciting their favorite formula that the fascists are only the "pawns of the ruling class". No, that was Nazism in Germany, maybe, though even there that's not a useful way of looking at it. But definitely not here, not in that old way. The main problem hasn't been fascism in the old sense – it's been neocolonialism and bourgeois democracy! The bourgeoisie didn't need any fascism at all to put Leonard Peltier away in maximum security for life or Mumia on death row. They hunted down the Black Panthers and the American Indian Movement like it was deer hunting season, while white America went shopping at the mall – all without needing fascism. And the steady waterfall of patriarchal violence against women, of rapes and torture and killings and very effective terrorism on a mass scale, should remind us that the multitude of reactionary men have "equal opportunity" under "democracy", too.
J. Sakai (When Race Burns Class: Settlers Revisited)
All addictions — whether to drugs or to nondrug behaviours — share the same brain circuits and brain chemicals. On the biochemical level the purpose of all addictions is to create an altered physiological state in the brain. This can be achieved in many ways, drug taking being the most direct. So an addiction is never purely “psychological” all addictions have a biological dimension. And here a word about dimensions. As we delve into the scientific research, we need to avoid the trap of believing that addiction can be reduced to the actions of brain chemicals or nerve circuits or any other kind of neurobiological, psychological or sociological data. A multilevel exploration is necessary because it’s impossible to understand addiction fully from any one perspective, no matter how accurate. Addiction is a complex condition, a complex interaction between human beings and their environment. We need to view it simultaneously from many different angles — or, at least, while examining it from one angle, we need to keep the others in mind. Addiction has biological, chemical, neurological, psychological, medical, emotional, social, political, economic and spiritual underpinnings — and perhaps others I haven’t thought about. To get anywhere near a complete picture we must keep shaking the kaleidoscope to see what other patterns emerge. Because the addiction process is too multifaceted to be understood within any limited framework, my definition of addiction made no mention of “disease.” Viewing addiction as an illness, either acquired or inherited, narrows it down to a medical issue. It does have some of the features of illness, and these are most pronounced in hardcore drug addicts like the ones I work with in the Downtown Eastside. But not for a moment do I wish to promote the belief that the disease model by itself explains addiction or even that it’s the key to understanding what addiction is all about. Addiction is “all about” many things. Note, too, that neither the textbook definitions of drug addiction nor the broader view we’re taking here includes the concepts of physical dependence or tolerance as criteria for addiction. Tolerance is an instance of “give an inch, take a mile.” That is, the addict needs to use more and more of the same substance or engage in more and more of the same behaviour, to get the same rewarding effects. Although tolerance is a common effect of many addictions, a person does not need to have developed a tolerance to be addicted.
Gabor Maté (In the Realm of Hungry Ghosts: Close Encounters with Addiction)
This entails certain corollaries on which true individualism once more stands in sharp opposition to the false individualism of the rationalistic type. The first is that the deliberately organized state on the one side, and the individual on the other, far from being regarded as the only realities, which all the intermediate formations and associations are to be deliberately suppressed, as was the aim of the French Revolution, the noncompulsory conventions of social intercourse are considered as essential factors in preserving the orderly working in human society. The second is that the individual, in participating in the social processes, must be ready and willing to adjust himself to changes and to submit to conventions which are not the result of intelligent design, whose justification in the particular instance may be recognizable, and which to him will often appear unintelligible and irrational. I need not say much on the first point. That true individualism affirms the value of the family and all the common efforts of the small community and group, that it believes in local autonomy and voluntary associations, and that indeed its case rests largely on the contention that much for which the coercive action of the state is usually invoked can be done better by voluntary collaboration need not be stressed further. There can be no greater contrast to this than the false individualism which wants to dissolve all these smaller groups into atoms which have no cohesion other than the coercive rules imposed by the state, and which tries to make all social ties prescriptive, instead of using the state mainly as a protection of the individual against the arrogation of coercive powers by the small groups. Quite as important for the functioning of an individualist society as these smaller groupings of men are the traditions and conventions which evolve in a free society and which, without being enforceable, establish flexible but normally observed rules that make the behavior of other people predictable in a high degree. The willingness to submit to such rules, not merely so long as one understands the reason for them but so long as one has no definite reasons to the contrary, is an essential condition for the gradual evolution and improvement of the rules of social intercourse; and the readiness ordinarily to submit to the products of a social process which nobody may understand is also an indispensible condition if it is to be possible to dispense with compulsion. That the existence of common conventions and traditions among a group of people will enable them to work together smoothly and efficiently with much less formal organization and compulsion than a group without such common background, is of course, a commonplace. But the reverse of this, while less familiar, is probably not less true: that coercion can probably only be kept to a minimum in a society where conventions and traditions have made the behavior of man to a large extent predictable.
Friedrich A. Hayek (Individualism and Economic Order)
Another dangerous neoliberal word circulating everywhere that is worth zooming in on is the word ‘resilience’. On the surface, I think many people won’t object to the idea that it is good and beneficial for us to be resilient to withstand the difficulties and challenges of life. As a person who lived through the atrocities of wars and sanctions in Iraq, I’ve learnt that life is not about being happy or sad, not about laughing or crying, leaving or staying. Life is about endurance. Since most feelings, moods, and states of being are fleeting, endurance, for me, is the common denominator that helps me go through the darkest and most beautiful moments of life knowing that they are fleeing. In that sense, I believe it is good for us to master the art of resilience and endurance. Yet, how should we think about the meaning of ‘resilience’ when used by ruling classes that push for wars and occupations, and that contribute to producing millions of deaths and refugees to profit from plundering the planet? What does it mean when these same warmongers fund humanitarian organizations asking them to go to war-torn countries to teach people the value of ‘resilience’? What happens to the meaning of ‘resilience’ when they create frighteningly precarious economic structures, uncertain employment, and lay off people without accountability? All this while also asking us to be ‘resilient’… As such, we must not let the word ‘resilience’ circulate or get planted in the heads of our youth uncritically. Instead, we should raise questions about what it really means. Does it mean the same thing for a poor young man or woman from Ghana, Ecuador, Afghanistan vs a privileged member from the upper management of a U.S. corporation? Resilience towards what? What is the root of the challenges for which we are expected to be resilient? Does our resilience solve the cause or the root of the problem or does it maintain the status quo while we wait for the next disaster? Are individuals always to blame if their resilience doesn’t yield any results, or should we equally examine the social contract and the entire structure in which individuals live that might be designed in such a way that one’s resilience may not prevail no matter how much perseverance and sacrifice one demonstrates? There is no doubt that resilience, according to its neoliberal corporate meaning, is used in a way that places the sole responsibility of failure on the shoulders of individuals rather than equally holding accountable the structure in which these individuals exist, and the precarious circumstances that require work and commitment way beyond individual capabilities and resources. I find it more effective not to simply aspire to be resilient, but to distinguish between situations in which individual resilience can do, and those for which the depth, awareness, and work of an entire community or society is needed for any real and sustainable change to occur. But none of this can happen if we don’t first agree upon what each of us mean when we say ‘resilience,’ and if we have different definitions of what it means, then we should ask: how shall we merge and reconcile our definitions of the word so that we complement not undermine what we do individually and collectively as people. Resilience should not become a synonym for surrender. It is great to be resilient when facing a flood or an earthquake, but that is not the same when having to endure wars and economic crises caused by the ruling class and warmongers. [From “On the Great Resignation” published on CounterPunch on February 24, 2023]
Louis Yako
To begin with, philosophy by its nature is an evolving discipline, enriched by the plurality of perspectives that different times and cultures have brought to it, and impoverished by any attempt to harness it to specific political, economic, or religious regimes. In the context of its “western” heritage, too, we have always to speak of “philosophy in the making.” As such, the pursuit of philosophy is inseparable from the constant effort to reintegrate the past in the light of new modes of thought and new methods of critical evaluation. At the same time, insofar as philosophy is embedded in the very world it aims to understand, it is forever denied a definitive external standpoint from which to present ideas as if they were detached from cultural and linguistic expression. In this sense, the definition of philosophy is permanently bound up with the practice of philosophizing within distinctive cultures.
James W. Heisig (Japanese Philosophy: A Sourcebook (Nanzan Library of Asian Religion and Culture))
In the social production which men carry on they enter into definite relations that are indispensable and independent of their will; these relations of production correspond to a definite stage of development of their material powers of production. The sum total of these relations of production constitutes the economic structure of society—the real foundation, on which rise legal and political superstructures and to which correspond definite forms of social consciousness. The mode of production in material life determines the general character of the social, political and spiritual processes of life. It is not the consciousness of men that determines their existence, but, on the contrary, their social existence determines their consciousness.
Karl Marx (Preface and Introduction to a Contribution to the Critque of Political Economy)
In this century, we are about to enter interplanetary civilization. In order to survive, we need to go beyond neoclassical economics definition. We define it as interplanomics.
Toba Beta (My Ancestor Was an Ancient Astronaut)
Balfour Beatty The economic crisis really galvanised us as a business. I think it accelerated a lot of things that were in train anyway and gave them a real impetus. We’re more aware of the need to be more revolutionary than evolutionary. We always knew we would need to expand into emerging markets, but since the crisis we are much more definite about how to do this. We have been much clearer about finding the right people and devising the right management structure, and how joint ventures and strategic alliances should be organised. It is all very deliberate and open – it is no longer a distant plan, it is under way. Richard Gartside Eisenhardt and Brown argue that the ability to reshape a business is critical in turbulent markets. It is not the same as traditional
Michel Syrett (Managing Uncertainty: Strategies for surviving and thriving in turbulent times)
Until recently, I never realized to what degree the middle class is a moral, rather than an economic, entity, based less on status than on possessive, life-sustaining love. The moral middle class plays life by percentages, because that is the safest bet, and percentage play—in life as in tennis—is by definition conservative.
Andrew Todhunter (Fall of the Phantom Lord: Climbing and the Face of Fear)
For Meschonnic, poetry is the critique of the duality of the sign, and rhythm is the poem’s – and thus the subject’s – agency. It is only within such a continuously enacted critique that the subject can emerge as irrevocably ethical. He used the term “geopoetics” to prise open the conventional cultural and geographic borders that disallow the free movement of subjectivization as continuous rhythm. Within his proposition, politics does not refer to the spatialized economics of governance, but to the necessary proposition of a shared linguistic duration. And, too, within this proposition, we don’t know definitively what language is – this is why it can remain open as an inquiry. Meschonnic’s work on rhythm claims orality as the mode of the political. In his words, in Politique du rythme:
Lisa Robertson (Nilling: Prose Essays on Noise, Pornography, The Codex, Melancholy, Lucretiun, Folds, Cities and Related Aporias (Department of Critical Thought Book 6))
functions as an art. The functions are recording, classifying and summarizing transaction and events. Also it says that events & transactions should be of financial character. This definition also adds another function of interpreting the results of accounting. 1.1.2. The American Accounting Association (AAA) defines Accounting as “the process of identifying, measuring and communicating economic information to permit informed judgment and decision by user of the information.
Anonymous
Between state building and economic growth Having a state is a basic precondition for intensive economic growth. The economist Paul Collier has demonstrated the converse of this proposition, namely, that state breakdown, civil war, and interstate conflict have very negative consequences for growth.20 A great deal of Africa’s poverty in the late twentieth century was related to the fact that states there were very weak and subject to constant breakdown and instability. Beyond the establishment of a state that can provide for basic order, greater administrative capacity is also strongly correlated with economic growth. This is particularly true at low absolute levels of per capita GDP (less than $1,000); while it remains important at higher levels of income, the impact may not be proportionate. There is also a large literature linking good governance to economic growth, though the definition of “good governance” is not well established and, depending on the author, sometimes includes all three components of political development.21 While the correlation between a strong, coherent state and economic growth is well established, the direction of causality is not always clear. The economist Jeffrey Sachs has maintained that good governance is endogenous: it is the product of economic growth rather than a cause of it.22 There is a good logic to this: government costs money. One of the reasons why there is so much corruption in poor countries is that they cannot afford to pay their civil servants adequate salaries to feed their families, so they are inclined to take bribes. Per capita spending on all government services, from armies and roads to schools and police on the street, was about $17,000 in the United States in 2008 but only $19 in Afghanistan.23 It is therefore not a surprise that the Afghan state is much weaker than the American one, or that large flows of aid money generate corruption.
Francis Fukuyama (The Origins of Political Order: From Prehuman Times to the French Revolution)
But the evidence collated by the Central Bank of Ireland once the crisis was finally resolved in November 1970 showed quite the opposite. Their review of the closure concluded not only that “the Irish economy continued to function for a reasonably long period of time with its main clearing banks closed for business,” but that “the level of economic activity continued to increase” over the period.37 Both before and after the event, it seemed unbelievable—but somehow, it had worked: for six and a half months, in one of the then thirty wealthiest economies in the world, “a highly personalized credit system without any definite time horizon for the eventual clearance of debits and credits substituted for the existing institutionalized banking system.
Anonymous
I do think we’re at a turning point. The question is how strong and permanent this recovery will be,” he noted. But while these external factors are helping Italy emerge from economic decline, others — mainly events in Greece and Ukraine — could spoil any momentum and plunge the eurozone’s third-largest economy back into the doldrums. “We are definitely concerned, I see all the elements for a moderate recovery [but] there are risks coming from a number of open issues in the world,” Mr Rossi said. Mr Rossi credited the European Central Bank’s recent decision to buy government debt — known as quantitative easing — with driving the likely Italian recovery, through a weaker euro, lower borrowing costs, higher confidence and portfolio shifts. He estimated it would add about 1 percentage point to Italian gross domestic product over the next two years, but this would be in line with the rest of the eurozone — offering “no special advantage to Italy”.
Anonymous
In the social production which men carry on they enter into definite relations that are indispensable and independent of their will; these relations of production correspond to a definite stage of development of their material powers of production. The sum total of these relations of production constitutes the economic structure of society – the real foundation, on which rise legal and political superstructures and to which correspond definite forms of social consciousness.
Anonymous
Now I proudly call myself a feminist. If Tip O’Neill were alive today, I might even tell him that I’m a pom-pom girl for feminism. I hope more women, and men, will join me in accepting this distinguished label. Currently, only 24 percent of women in the United States say that they consider themselves feminists. Yet when offered a more specific definition of feminism—“A feminist is someone who believes in social, political, and economic equality of the sexes”—the percentage of women who agree rises to 65 percent.16 That’s a big move in the right direction.
Sheryl Sandberg (Lean In: Women, Work, and the Will to Lead)