Inclusive Growth Quotes

Inclusive economic and political institutions do not emerge by themselves. They are often the outcome of significant conflict between elites resisting economic growth and political change and those wishing to limit the economic and political power of existing elites.

Connecting with others gives us a sense of inclusion, connection, interaction, safety, and community. Your vibe attracts your tribe, so if you want to attract positive and healthy relationships, be one! Staying connected and getting reconnected feeds the flow of goodness which empowers our humanity.

That overall, all-inclusive, never-changing set of rules does not exist—for you are ever-changing, growth-seeking Beings.

And no matter how much the gray people in power despise knowledge, they can’t do anything about historical objectivity; they can slow it down, but they can’t stop it. Despising and fearing knowledge, they will nonetheless inevitably decide to promote it in order to survive. Sooner or later they will be forced to allow universities and scientific societies, to create research centers, observatories, and laboratories, and thus to create a cadre of people of thought and knowledge: people who are completely beyond their control, people with a completely different psychology and with completely different needs. And these people cannot exist and certainly cannot function in the former atmosphere of low self-interest, banal preoccupations, dull self-satisfaction, and purely carnal needs. They need a new atmosphere— an atmosphere of comprehensive and inclusive learning, permeated with creative tension; they need writers, artists, composers— and the gray people in power are forced to make this concession too. The obstinate ones will be swept aside by their more cunning opponents in the struggle for power, but those who make this concession are, inevitably and paradoxically, digging their own graves against their will. For fatal to the ignorant egoists and fanatics is the growth of a full range of culture in the people— from research in the natural sciences to the ability to marvel at great music. And then comes the associated process of the broad intellectualization of society: an era in which grayness fights its last battles with a brutality that takes humanity back to the middle ages, loses these battles, and forever disappears as an actual force.

All of this highlights several important ideas. First, growth under authoritarian, extractive political institutions in China, though likely to continue for a while yet, will not translate into sustained growth, supported by truly inclusive economic institutions and creative destruction. Second, contrary to the claims of modernization theory, we should not count on authoritarian growth leading to democracy or inclusive political institutions. China, Russia, and several other authoritarian regimes currently experiencing some growth are likely to reach the limits of extractive growth before they transform their political institutions in a more inclusive direction—and in fact, probably before there is any desire among the elite for such changes or any strong opposition forcing them to do so. Third, authoritarian growth is neither desirable nor viable in the long run, and thus should not receive the endorsement of the international community as a template for nations in Latin America, Asia, and sub-Saharan Africa, even if it is a path that many nations will choose precisely because it is sometimes consistent with the interests of the economic and political elites dominating them. Y

In effect, the poor person is a rich person left to fend for him or herself, without the support of institutions that help the person to take 'good' decisions.

Love: always inclusive, never divisive

Growth is only possible when there is inclusivity

Unselfishness or selflessness is not the absence of the self, it is the absence of an exclusive self, and the presence of an inclusive self - the presence of an expansive self.

The engine of economic growth must be fueled by inclusivity and opportunity for all. Only a foolish society would accept the spread of poverty in exchange for growth.

the marketplace is capable only of calculating exclusive costs; that is; excluding all possible costs that interfere with profit. Leadership of society requires the calculation of inclusive costs. To invoke the marketplace, as if calling upon the Holy Spirit, is to limit ourselves to the narrow and short-term interests of exclusion. (IV - From Managers and Speculators to Growth)

One road out of the T junction ahead involves a restoration of high-inclusive growth that creates jobs, reduces the risk of financial instability, and counters excessive inequality. It is a path that also lowers political tensions, eases governance dysfunction, and holds the hope of defusing some of the world’s geopolitical threats. The other road is the one of even lower growth, persistently high unemployment, and still worsening inequality. It is a road that involves renewed global financial instability, fuels political extremism, and erodes social cohesion as well as integrity.

Put this all a different way, and perhaps the importance of this fact will become clear: the very key to your growth, development, and evolution is to make your present subject an object—that is, it is to look at your present subject instead of using it as something through which to view the world (and thus remain identified with).

People don't expect perfection, but they do appreciate when they see leaders who sincerely try to improve and ask for help in areas where they might be weak. You don't have to be good at everything to lead, but the best leaders are honest about where they need assistance, working to fill in those gaps, while also taking action and responsibility for areas of personal growth.

When you reach a certain level of peace in your life, you will find that many issues that have weighed you down in the past...disappear, become non-important, and their hold on you becomes less by the day, weeks and months. Try to get that peace in your life, especially if you fill you are struggling with inner peace today, doing so will lead to remarkable changes in your life, both inner and outer, the inner being a more fulfilled life journey and better health, the outer being a more inclusive social person who will be received much better as your inner self sparkles in a united way with your outer physical self, stop neglecting your own needs and place your own peace in order first, then you can help others achieve their peace, if an when they ask you to. ~ Roy Hale

It is important to understand that this inclusive embrace of all people was was not to call attention to itself. No flags were to go up:"Look who joined our church!" When we are doing what Christ calls us to do, who hangs a banner,who boast as though some merit is earned? Cherry Log Christian Church is no rags to riches story: we are both rags and riches. This church is not an experiment in anything;it is a church and has been a church since a few lost souls joined hearts and hands and said "Yes." God has favored us with numerical growth, but God's favor is even more evident in the delight , the excitement,the expectations of those who worship here, who enjoy friendship here, who gather to stir one another to be servants of the compasionate Christ. Amazing ? Yes. Surprising? Not really.

A Jesus-focused ministry gives greater weight to connection over correction, recognizing that change and spiritual growth occur in the context of meaningful relationships. The student with special needs is more like to develop a personal relationship with Jesus if no one is hung up on the deficit in interpersonal skills and instead everyone cares more about providing a positive, anxiety-free church experience.

As women gain rights, families flourish, and so do societies. That connection is built on a simple truth: Whenever you include a group that’s been excluded, you benefit everyone. And when you’re working globally to include women and girls, who are half of every population, you’re working to benefit all members of every community. Gender equity lifts everyone. From high rates of education, employment, and economic growth to low rates of teen births, domestic violence, and crime—the inclusion and elevation of women correlate with the signs of a healthy society. Women’s rights and society’s health and wealth rise together. Countries that are dominated by men suffer not only because they don’t use the talent of their women but because they are run by men who have a need to exclude. Until they change their leadership or the views of their leaders, those countries will not flourish. Understanding this link between women’s empowerment and the wealth and health of societies is crucial for humanity. As much as any insight we’ve gained in our work over the past twenty years, this was our huge missed idea. My huge missed idea. If you want to lift up humanity, empower women. It is the most comprehensive, pervasive, high-leverage investment you can make in human beings.

some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.

...the capacity to identify with others is definitely not gained all at once or from the start. The mind has to increase its capacity for inclusiveness through a slow and arduous growth process, and thus this capacity gets a little bigger (moving from egocentric to ethnocentric—from "me" to "us"), then a little bigger (from ethnocentric to worldcentric—from "us" to "all of us"), and a little bigger still (from worldcentric to integral, which starts to include even other species, resulting eventually in a "cosmic consciousness"—from "all of us" to "all of reality).

The flourishing of historical and political legends came to a rather abrupt end with the birth of Christianity. Its interpretation of history, from the days of Adam to the Last Judgment, as one single road to redemption and salvation, offered the most powerful and all-inclusive legendary explanation of human destiny. Only after the spiritual unity of Christian peoples gave way to the plurality of nations, when the road to salvation became an uncertain article of individual faith rather than a universal theory applicable to all happenings, did new kinds of historical explanations emerge. The nineteenth century has offered us the curious spectacle of an almost simultaneous birth of the most varying and contradictory ideologies, each of which claimed to know the hidden truth about otherwise incomprehensible facts. Legends, however, are not ideologies; they do not aim at universal explanation but are always concerned with concrete facts. It seems rather significant that the growth of national bodies was nowhere accompanied by a foundation legend, and that a first unique attempt in modern times was made precisely when the decline of the national body had become obvious and imperialism seemed to take the place of old-fashioned nationalism.

In other words, when you feel love, that means that the way you are seeing the object of your attention matches the way the Inner You sees it. When you feel hate, you are seeing it without that Inner Connection. You intuitively knew all of this, especially when you were younger, but gradually most of you were worn down by the insistence of those older and self-described “wiser” others who surrounded you as they worked hard to convince you that you could not trust your own impulses. And so, most of you physical Beings do not trust yourselves, which is amazing to us, for that which comes forth from within you is all that you may trust. But instead, you are spending most of your physical lifetimes seeking a set of rules or a group of people (a religious or political group, if you will) who will tell you what is right and wrong. And then you spend the rest of your physical experience trying to hammer your “square peg” into someone else’s “round hole,” trying to make those old rules—usually those that were written thousands of years before your time—fit into this new life experience. And, as a result, what we see, for the most part, is your frustration, and at best, your confusion. And, we also have noticed that every year there are many of you who are dying, as you are arguing about whose set of rules is most appropriate. We say to you: That overall, all-inclusive, never-changing set of rules does not exist—for you are ever-changing, growth-seeking Beings.

Ellen Braun, an accomplished agile manager, noticed that different behaviors emerge over time as telltale signs of a team’s emotional maturity, a key component in their ability to adjust as things happen to them and to get to the tipping point when “an individual’s self interest shifts to alignment with the behaviors that support team achievement” (Braun 2010). It is better to know some of the questions than all of the answers. —James Thurber Team Dynamics Survey Ellen created a list of survey questions she first used as personal reflection while she observed teams in action. Using these questions the same way, as a pathway to reflection, an agile coach can gain insight into potential team problems or areas for emotional growth. Using them with the team will be more insightful, perhaps as material for a retrospective where the team has the time and space to chew on the ideas that come up. While the team sprints, though, mull them over on your own, and notice what they tell you about team dynamics (Braun 2010). • How much does humor come into day-to-day interaction within the team? • What are the initial behaviors that the team shows in times of difficulty and stress? • How often are contradictory views raised by team members (including junior team members)? • When contradictory views are raised by team members, how often are they fully discussed? • Based on the norms of the team, how often do team members compromise in the course of usual team interactions (when not forced by circumstances)? • To what extent can any team member provide feedback to any other team member (think about negative and positive feedback)? • To what extent does any team member actually provide feedback to any other team member? • How likely would it be that a team member would discuss issues with your performance or behavior with another team member without giving feedback to you directly (triangulating)? • To what extent do you as an individual get support from your team on your personal career goals (such as learning a new skill from a team member)? • How likely would you be to ask team members for help if it required your admission that you were struggling with a work issue? • How likely would you be to share personal information with the team that made you feel vulnerable? • To what extent is the team likely to bring into team discussions an issue that may create conflict or disagreement within the team? • How likely or willing are you to bring into a team discussion an issue that is likely to have many different conflicting points of view? • If you bring an item into a team discussion that is likely to have many different conflicting points of view, how often does the team reach a consensus that takes into consideration all points of view and feels workable to you? • Can you identify an instance in the past two work days when you felt a sense of warmth or inclusion within the context of your team? • Can you identify an instance in the past two days when you felt a sense of disdain or exclusion within the context of your team? • How much does the team make you feel accountable for your work? Mulling over these questions solo or posing them to the team will likely generate a lot of raw material to consider. When you step back from the many answers, perhaps one or two themes jump out at you, signaling the “big things” to address.

The process of economic growth and the inclusive institutions upon which it is based create losers as well as winners in the political arena and in the economic marketplace. Fear of creative destruction is often at the root of the opposition to inclusive economic and political institutions.

authoritarian regimes currently experiencing some growth are likely to reach the limits of extractive growth before they transform their political institutions in a more inclusive direction—and in fact, probably before there is any desire among the elite for such changes or any strong opposition forcing them to do so.

participation, such as insider language or the high cost of Jewish life. 7. An inclusive Jewish community takes Jewish life out to where people are, rather than waiting for them to enter Jewish communal institutions, and helps them answer for themselves, why be Jewish? 8. An inclusive Jewish community includes a coalition of organizations that offer the entire gamut of Jewish life and lets the users decide the priorities of the community, rather than each institution trying to be all things to all people. 9. Participants in an inclusive Jewish community are passionately committed to sharing it with newcomers and are willing to work to improve it and nurture its growth for the future. 10. Programs and ideas that work to grow an inclusive Jewish community are open source and shared among all individuals and organizations interested in a more vibrant Judaism and Jewish community.

Often this shift occurs in reaction to apparent failings of previous generations or leadership. We see the outsider criticizing the previous leader or the church in general for a perceived arrogance and harshness and so, to win their respect or to gain a hearing—for the best possible motives of their salvation—we seek to establish ourselves as distinct from those that are disliked, and then present ourselves in such a way that the sinner is struck by our warmth, care and inclusiveness. This will almost certainly lead to growth. We will gain much positive feedback and on occasion great affirmation as the representatives of a kind of Christianity that is so much more appealing. However, the critical thing to note is that this path will always only buy short-term impact at the cost of long-term gain. Very shortly we will either have to display a very different side—in proclaiming the hard edges of a love that clearly has boundaries (to the disillusionment or greater disdain of the community, for having been conned), or we will shift our presentations so as to never disappoint our newly won audience. In doing this we will have taken the first steps on the path of compromise.

in Why Nations Fail, Daron Acemoglu and James Robinson emphasize the importance of legal institutions (and other state institutions) that are “inclusive” through rights and incentives equally available to all people rather than “extractive” (that is, designed to extract resources from the many for the few) if countries are to experience sustained economic growth.15

The growth generated by extractive institutions is very different in nature from growth created under inclusive institutions, however. Most important, it is not sustainable. By their very nature, extractive institutions do not foster creative destruction and generate at best only a limited amount of technological progress. The growth they engender thus lasts for only so long.

Nations fail when they have extractive economic institutions, supported by extractive political institutions that impede and even block economic growth. But this means that the choice of institutions—that is, the politics of institutions—is central to our quest for understanding the reasons for the success and failure of nations. We have to understand why the politics of some societies lead to inclusive institutions that foster economic growth, while the politics of the vast majority of societies throughout history has led, and still leads today, to extractive institutions that hamper economic growth.

matured satisfactorily in that climate. Some green foods were available in the summer and some vegetables were grown and stored for winter. This diet, which included a liberal supply of fish, included also the use of livers of fish. One important fish dish was baked cod's head that had been stuffed with oat meal and chopped cods' livers. This was an important inclusion in the diets of the growing children. The oats and fish, including livers, provided minerals and vitamins adequate for an excellent racial stock with high immunity to tooth decay. For the Eskimos of Alaska the native diet consisted of a liberal use of organs and other special tissues of the large animal life of the sea, as well as of fish. The latter were dried in large quantities in the summer and stored for winter use. The fish were also eaten frozen. Seal oil was used freely as an adjunct to this diet and seal meat was specially prized and was usually available. Caribou meat was sometimes available. The organs were used. Their fruits were limited largely to a few berries including cranberries, available in the summer and stored for winter use. Several plant foods were gathered in the summer and stored in fat or frozen for winter use. A ground nut that was gathered by the Tundra mice and stored in caches was used by the Eskimos as a vegetable. Stems of certain water grasses, water plants and bulbs were occasionally used. The bulk of their diet, however, was fish and large animal life of the sea from which they selected certain organs and tissues with great care and wisdom. These included the inner layer of skin of one of the whale species, which has recently been shown to be very rich in vitamin C. Fish eggs were dried in season. They were used liberally as food for the growing children and were recognized as important for growth and reproduction. This successful nutrition provided ample amounts of fat-soluble activators and minerals from sea animal

10:12; 14:17). ‹‹    DAY 5    ›› II. The purpose of God’s calling is fully revealed in the New Testament: A. God’s calling is according to His predestination (Eph. 1:4-5), His purpose (2 Tim. 1:9; Rom. 8:28), and His grace (2 Tim. 1:9-10). B. God’s calling is in Christ (1 Pet. 5:10) and through the gospel (2 Thes. 2:14). C. The New Testament reveals various aspects of the purpose of God’s calling: 1. God has called us out of darkness into His marvelous light (1 Pet. 2:9): a. Darkness is a sign of sin and death; it is the expression and sphere of Satan in death. b. When God calls us, He opens our eyes and turns us from darkness to light and from the authority of Satan to Himself; to be turned to God means to be turned to the authority of God, which is God’s kingdom of light (Acts 26:18). 2. God’s calling is that His chosen ones may be separated and made holy unto God, to be the holy ones, the saints (Rom. 1:7; 1 Cor. 1:2). ‹‹    DAY 6    ›› 3. God has called us so that we may enter into the fellowship of His Son, Jesus Christ our Lord, to partake of and enjoy His all-inclusive riches (vv. 9, 30). 4. God has called us into the sufferings of Christ (1 Pet. 2:20-21). 5. For the Body of Christ, God has called us into the peace of Christ (Col. 3:15). 6. God has called us for the purpose of obtaining the glory of the Lord Jesus Christ; He has called His chosen ones unto salvation in sanctification of the Spirit and belief of the truth so that they might obtain the glory of the Lord Jesus Christ (2 Thes. 2:13-14). 7. God’s calling is by His own glory and with the goal of our entering into the eternal glory of God (2 Pet. 1:3; 1 Pet. 5:10): a. God has called us not only by His glory but also to His glory. b. In order that we might enter into His eternal glory, the God of all grace is ministering to us the riches of the bountiful supply of the divine life in many aspects and in many steps of the divine operation on and in us in God’s economy (v. 10; 2 Pet. 1:3). 8. God has called us into His kingdom (1 Thes. 2:12): a. The kingdom of God is an organism constituted with God’s life as a realm of life for His ruling, in which He reigns by the divine life and expresses Himself in the divine life (John 3:3, 5-6; Matt. 6:10, 13). b. Today we, the called ones, should live in the church as the kingdom of God so that we may grow and develop in the life of God unto full maturity; through this growth and development, the entrance into the eternal kingdom of our Lord and Savior Jesus Christ will be richly supplied to us (Rom. 14:17; 2 Pet. 1:5-11).

The rebirth of China came with a significant move away from one of the most extractive set of economic institutions and toward more inclusive ones. Market incentives in agriculture and industry, then followed by foreign investment and technology, would set China on a path to rapid economic growth. As we will discuss further in the next chapter, this was growth under extractive political institutions, even if they were not as repressive as they had been under the Cultural Revolution and even if economic institutions were becoming partially inclusive. All of this should not understate the degree to which the changes in economic institutions in China were radical. China broke the mold, even if it did not transform its political institutions. As in Botswana and the U.S. South, the crucial changes came during a critical juncture—in the case of China, following Mao’s death. They were also contingent, in fact highly contingent, as there was nothing inevitable about the Gang of Four losing the power struggle; and if they had not, China would not have experienced the sustained economic growth it has seen in the last thirty years.

All Inclusive The single principle can be found everywhere, all the time. Everything works according to it. Every life unfolds according to it. The single principle does not say yes to this and no to that. Even though Tao is the source of all growth and development, nothing profits Tao. Tao benefits all without return and without prejudice. Neither is the single principle private property. You cannot own it. It does not own you. Its greatness lies in its universality. It is all-inclusive. The wise leader follows this principle and does not act selfishly. The leader does not accept one person and refuse to work with another. The leader does not own people or control their lives. Leadership is not a matter of winning. The work is done in order to shed the light of awareness on whatever is happening: also, selfless service, without prejudice, available to all.

it. In other words, 95 percent of workers in construction sector hardly have any kind of social security coverage,” the study added, and warned that a “daunting and complicated task confronting the policymakers is to address the issue of informal employment within the organised sector. This issue of informalisation of employment poses a serious challenge in achieving decent work and thereby achieving more inclusive growth and sustainable development”.

Life divided brings degradation. Growth comes through expansion.

Sonnet of Unity I am vicdan, I am saadet. My life isn't mine, It's your emanet. Soy sanity, Soy humanidad. Life lies in service, Selfishness kills vitalidad. Ich bin inclusion, Ich bin indivisible. Mein kampf is unity, Human and hate are incompatible. Life divided brings degradation. Growth comes through expansion. (vicdan=conscience, saadet=joy, emanet=keepsake, soy=I am, humanidad=humanity, vitalidad=vitality, Ich bin=I am, mein kampf=my struggle)

the creation of expectations about future growth is a crucial role for government, and not just during downturns. It is why mission-oriented innovation policy—bringing Keynes and Schumpeter together—has such an important role to play in driving stronger economic performance. Indeed, Keynes argued that the ‘socialisation of investment’—which, as Mazzucato suggests, could include the public sector acting as investor and equity-holder—would provide more stability to the investment function and hence to growth.53 It is because public expenditure is critical to the co-production of the conditions for growth, as Kelton highlights, that the austerity policies which have reduced it in the period since the financial crash have proved so futile, increasing rather than diminishing the ratio of debt to GDP. And as Wray and Nersisyan emphasise, the endogenous nature of money created by ‘keystrokes’ in the banking system gives governments far greater scope to use fiscal policy in support of economic growth than the orthodox approach allows.

the creation of economic value is a collective process. Businesses do not create wealth on their own. No business today can operate without the fundamental services provided by the state: schools and higher education institutions, health and social care services, housing provision, social security, policing and defence, the core infrastructures of transport, energy, water and waste systems. These services, the level of resources allocated to them and the type of investments made in them, are crucial to the productivity of private enterprises. The private sector does not ‘create wealth’ while taxpayer-funded public services ‘consume’ it. The state does not simply ‘regulate’ private economic activity. Rather, economic output is co-produced by the interaction of public and private actors—and both are shaped by, and in turn help to shape, wider social and environmental conditions.

the size and functions of the state matter profoundly to the performance of capitalist economies. In orthodox economic commentary it is frequently asserted that the role of the public sector should be minimised in order to free private enterprise from the ‘dead hand’ of regulation and the perverse impact of ‘crowding out’. In fact, successful economies have almost ​all had states actively committed to their development.54 This is not just about the role of the state in providing or co-investing in infrastructure (as is sometimes conceded even by those otherwise sceptical of public investment), though this is indeed important. Its role in innovation is also key, as we have seen. At the same time, the development of a skilled and adaptive labour force requires deep investment in education, training, health, childcare and social care. These functions cannot simply be outsourced or privatised—as Crouch shows, when this is done the goal of greater competition almost always degenerates into private oligopoly, where public purpose is lost, and corporate political influence increases. We need to acknowledge, rather, the interdependence of private enterprise and the public sector; of market and non-market activities.

But understanding the role of the public sector in the co-production of economic output allows a more profound perspective. Taxation is the means by which economic actors pay the public sector for its contribution to the productive process. The orthodox model claims that reducing the share of taxation in overall economic output will tend to strengthen growth. If taxation is used productively by an active public sector, the opposite can be the case.

Mazzucato observes that public funding drove both the IT revolution and other fields such as bio- and nano-technologies and today’s green technologies.50 Each of these has involved both supply-side and demandside policies, in which new markets as well as new products have been created and public investment has ‘crowded in’ private. By setting societal missions, and using their own resources to co-invest with long-term capital, governments can do far more than ‘level the playing field’, as the orthodox view would allow. They can help tilt the playing field towards the achievement of publicly chosen goals. Just as the creation of the welfare state in the postwar period, and the information technology revolution in the decades around the turn of the century, unleashed new waves of economic growth and widened prosperity, so new missions today have the potential to catalyse new innovation and investment.

There is striking evidence—now gathered and acknowledged by the OECD and IMF—that economies with more equal distributions of income and wealth have stronger and more stable economic growth than those with greater inequality.56 Redistributive policies which reduce inequality are found to have in general a positive impact on growth.57

Public policies are not ‘interventions’ in the economy, as if markets existed independently of the public institutions and social and environmental conditions in which they are embedded. The role of policy is not one simply of ‘correcting’ the failures of otherwise free markets. It is rather to help create and shape markets to achieve the co-production, and the fair distribution, of economic value. Economic performance cannot be measured simply by the short-term growth of GDP, but requires better indicators of long-term value creation, social well-being, inequality and environment sustainability.

As former Chairman of the Federal Reserve Alan Greenspan grudgingly acknowledged in his testimony to Congress, there had been a ‘flaw’ in the theory underpinning the Western world’s approach to financial regulation. The presumption that ‘the self-interest of organisations, specifically banks, is such that they were best capable of protecting shareholders and equity in the firms’ had proved incorrect.8 Contrary to the claims of the ‘efficient markets hypothesis’ which underpinned that assumption, financial markets had systematically mispriced assets and risks, with catastrophic results.

since most countries undertook financial liberalisation in the 1970s and 1980s, there has been a marked increase in the frequency of banking crises (see Figure 1).10 Globally, in the period 1970 to 2007, the International Monetary Fund has recorded 124 systemic bank crises, 208 currency crises and 63 sovereign debt crises.11 For modern capitalism instability has become, not the exception, but a seemingly structural feature.

Stiglitz addresses the growth of inequality over the past thirty years. He takes on the neoclassical view that wages and salaries reflect the marginal productivity of workers, showing that the very high incomes of corporate executives in fact reveal a form of ‘rent-seeking’, in which rewards are extracted without relation to productivity or economic desert. Moreover he points out—again contrary to the orthodox view—that such inequality is not the price that has to be paid for greater economic prosperity, but actually retards growth.

In the modern world, as Polanyi pointed out, the concept of a ‘free’ market is a construct of economic theory, not an empirical observation.39 Indeed, he observed that the national capitalist market was effectively forced into existence through public policy—there was nothing ‘natural’ or universal about it.40

Over the past thirty years the orthodox view that the maximisation of shareholder value would lead to the strongest economic performance has come to dominate business theory and practice, in the US and UK in particular.42 But for most of capitalism’s history, and in many other countries, firms have not been organised primarily as vehicles for the short-term profit maximisation of footloose shareholders and the remuneration of their senior executives. Companies in Germany, Scandinavia and Japan, for example, are structured both in company law and corporate culture as institutions accountable to a wider set of stakeholders, including their employees, with long-term production and profitability their primary mission. They are equally capitalist, but their behaviour is different. Firms with this kind of model typically invest more in innovation than their counterparts focused on short-term shareholder value maximisation; their executives are paid smaller multiples of their average employees’ salaries; they tend to retain for investment a greater share of earnings relative to the payment of dividends; and their shares are held on average for longer by their owners. And the evidence suggests that while their short-term profitability may (in some cases) be lower, over the long term they tend to generate stronger growth.43 For public policy, this makes attention to corporate ownership, governance and managerial incentive structures a crucial field for the improvement of economic performance. In short, markets are not idealised abstractions, but concrete and differentiated outcomes arising from different circumstances.

2. “When you make simple things complicated, you will struggle over issues others with very little effort are excelling at, and you will naturally find all the rational opinions and suggestions why you should stick to your ineffective approach. Don't because you want things perfectly done refuse to take the reasonable simple steps you can take now; if you are a leader of a people, try not to define Integrity in terms of your own sense of piety, try an inclusive baseline approach or, you may just end up driving your people insane

In their ongoing war against evil capitalists, some vengeful Democrats have their eyes on banks, which they blame for making millions of loans that resulted in foreclosures and the 2008 financial crisis. Never mind that it was progressives who forced the government to make these loans to low-income borrowers with poor credit ratings through the Community Reinvestment Act and anti-discrimination laws. They promoted minority home ownership without regard to the owners’ ability to repay, and the result was catastrophic. But being a leftist means never having to say you’re sorry—just pass a misguided policy and blame everyone else when it predictably fails. Democratic Rep. Maxine Waters, emboldened by Democrats recapturing control of the House, issued a stern warning to bankers before the 2019 session began. “I have not forgotten” that “you foreclosed on our houses,” she said, and “had us sign on the line for junk and for mess that we could not afford. I’m going to do to you what you did to us.”62 How’s that for good governance—using her newfound power as incoming chairwoman of the House Financial Services Committee to punish bank executives for the disaster she and her fellow Democrats caused? Waters is also targeting corporations for allegedly excluding minorities and women from executive positions. Forming a new subcommittee on diversity and inclusion, she immediately held a hearing to discuss the importance of examining the systematic exclusion of women, people of color, persons with disabilities, gays, veterans, and other disadvantaged groups.63 Why concentrate on policies to stimulate economic growth and improve people’s standards of living when you can employ identity politics to demonize your opponents?

Inclusive and sustainable economic growth can drive progress and generate the means to implement the Sustainable Development Goals.

The orthodox prescription of ‘fiscal austerity’—cutting public spending in an attempt to reduce public deficits and debt—has not restored Western economies to health, and economic policy has signally failed to deal with the deep-lying and long-term weaknesses which beset them.

Character means everything that is human about you… Character means a sense of community - character means a desire for learning and growth - character means the guts to admit and mend one's own errors and shortcomings - character means the yearning for assimilation.

When we loosen the knots of our identity in celebration of humanity, we not only become stronger as a people, but also our own identity expands beyond our wildest imagination.

Meditate on unity, Dedicate to inclusion. Educate your soul, Be free from self-absorption.

This idea goes back to one of the classical theories of political sociology, the theory of modernization, formulated by Seymour Martin Lipset. Modernization theory maintains that all societies, as they grow, are headed toward a more modern, developed, and civilized existence, and in particular toward democracy. Many followers of modernization theory also claim that, like democracy, inclusive institutions will emerge as a by-product of the growth process. Moreover, even though democracy is not the same as inclusive political institutions, regular elections and relatively unencumbered political competition are likely to bring forth the development of inclusive political institutions. Different versions of modernization theory also claim that an educated workforce will naturally lead to democracy and better institutions. In a somewhat postmodern version of modernization theory, New York Times columnist Thomas Friedman went so far as to suggest that once a country got enough McDonald’s restaurants, democracy and institutions were bound to follow. All this paints an optimistic picture. Over the past sixty years, most countries, even many of those with extractive institutions, have experienced some growth, and most have witnessed notable increases in the educational attainment of their workforces. So, as their incomes and educational levels continue to rise, one way or another, all other good things, such as democracy, human rights, civil liberties, and secure property rights, should follow. Modernization

Joseph Schumpeter called creative destruction. They replace the old with the new. New sectors attract resources away from old ones. New firms take business away from established ones. New technologies make existing skills and machines obsolete. The process of economic growth and the inclusive institutions upon which it is based create losers as well as winners in the political arena and in the economic marketplace. Fear of creative destruction is often at the root of the opposition to inclusive economic and political institutions. European

Inclusive economic institutions that enforce property rights, create a level playing field, and encourage investments in new technologies and skills are more conducive to economic growth than extractive economic institutions that are structured to extract resources from the many by the few and that fail to protect property rights or provide incentives for economic activity.

Political and economic institutions, which are ultimately the choice of society, can be inclusive and encourage economic growth. Or they can be extractive and become impediments to economic growth. Nations fail when they have extractive economic institutions, supported by extractive political institutions that impede and even block economic growth.

THE CONTRAST OF South and North Korea, and of the United States and Latin America, illustrates a general principle. Inclusive economic institutions foster economic activity, productivity growth, and economic prosperity. Secure private property rights are central, since only those with such rights will be willing to invest and increase productivity. A businessman who expects his output to be stolen, expropriated, or entirely taxed away will have little incentive to work, let alone any incentive to undertake investments and innovations. But such rights must exist for the majority of people in society. In

The leaders of the French Revolution and, subsequently, Napoleon exported the revolution to these lands, destroying absolutism, ending feudal land relations, abolishing guilds, and imposing equality before the law—the all-important notion of rule of law, which we will discuss in greater detail in the next chapter. The French Revolution thus prepared not only France but much of the rest of Europe for inclusive institutions and the economic growth that these would spur. As

Finally, when growth comes under extractive political institutions but where economic institutions have inclusive aspects, as they did in South Korea, there is always the danger that economic institutions become more extractive and growth stops. Those controlling political power will eventually find it more beneficial to use their power to limit competition, to increase their share of the pie, or even to steal and loot from others rather than support economic progress. The distribution and ability to exercise power will ultimately undermine the very foundations of economic prosperity, unless political institutions are transformed from extractive to inclusive.

Extractive institutions are so common in history because they have a powerful logic: they can generate some limited prosperity while at the same time distributing it into the hands of a small elite. For this growth to happen, there must be political centralization. Once this is in place, the state—or the elite controlling the state—typically has incentives to invest and generate wealth, encourage others to invest so that the state can extract resources from them, and even mimic some of the processes that would normally be set in motion by inclusive economic institutions and markets. In the Caribbean plantation economies, extractive institutions took the form of the elite using coercion to force slaves to produce sugar. In the Soviet Union, they took the form of the Communist Party reallocating resources from agriculture to industry and structuring some sort of incentives for managers and workers. As we have seen,

Inclusive economic institutions also pave the way for two other engines of prosperity: technology and education. Sustained economic growth is almost always accompanied by technological improvements that enable people (labor), land, and existing capital (buildings, existing machines, and so on) to become more productive.

The ability of economic institutions to harness the potential of inclusive markets, encourage technological innovation, invest in people, and mobilize the talents and skills of a large number of individuals is critical for economic growth. Explaining why so many economic institutions fail to meet these simple objectives is the central theme of this book. E

Inclusive economic and political institutions do not emerge by themselves. They are often the outcome of significant conflict between elites resisting economic growth and political change and those wishing to limit the economic and political power of existing elites. Inclusive institutions emerge during critical junctures, such as during the Glorious Revolution in England or the foundation of the Jamestown colony in North America, when a series of factors weaken the hold of the elites in power, make their opponents stronger, and create incentives for the formation of a pluralistic society. The outcome of political conflict is never certain, and even if in hindsight we see many historical events as inevitable, the path of history is contingent. Nevertheless, once in place, inclusive economic and political institutions tend to create a virtuous circle, a process of positive feedback, making it more likely that these institutions will persist and even expand. The

We need to get better at explaining to all Americans why a more inclusive society with broadly shared growth will be better and more prosperous for everyone.

The self-contained special needs environment may be the one and only venue that facilitates the spiritual growth for some students because it's the only place that Jesus is shared in that individual's native language.

While full inclusion inside our churches is ideal, that goal is secondary to making the gospel fully accessible. When considering the proper placement of any student of any ability, the first concern should always be positioning that individual in the setting with the culture and the teaching methods that est facilitate meaningful spiritual growth for them.

Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.” —Pope Francis I, 1936–

There is an attitude in the West which tends to assume that western norms are adequate and capable of universal application. Admittedly, there are some people who criticise the predominant western belief in growth economics, who worry about basing a national economy on debt, and who question the very notion that people and/or institutions may own land and other natural resources. Alas, there are all too few who question the western and now almost ubiquitous democratic structure which is based on the divisive binary vote

Some have called for “degrowth”, a movement that embraces zero or even negative GDP growth that is gaining some traction (at least in the richest countries). As the critique of economic growth moves to centre stage, consumerism’s financial and cultural dominance in public and private life will be overhauled.[42] This is made obvious in consumer-driven degrowth activism in some niche segments – like advocating for less meat or fewer flights. By triggering a period of enforced degrowth, the pandemic has spurred renewed interest in this movement that wants to reverse the pace of economic growth, leading more than 1,100 experts from around the world to release a manifesto in May 2020 putting forward a degrowth strategy to tackle the economic and human crisis caused by COVID-19.[43] Their open letter calls for the adoption of a democratically “planned yet adaptive, sustainable, and equitable downscaling of the economy, leading to a future where we can live better with less”. However, beware of the pursuit of degrowth proving as directionless as the pursuit of growth! The most forward-looking countries and their governments will instead prioritize a more inclusive and sustainable approach to managing and measuring their economies, one that also drives job growth, improvements in living standards and safeguards the planet. The technology to do more with less already exists.[44] There is no fundamental trade-off between economic, social and environmental factors if we adopt this more holistic and longer-term approach to defining progress and incentivizing investment in green and social frontier markets.

I expand, therefore I am.

I Expand, Therefore I Am (The Sonnet) I expand, therefore I am, Thought is no measure of sapiens. Even a dog can think what's best for it, Such selfishness is no existence. Expansion makes the human, Inclusion strengthens life. Diversity beautifies society, There is no room for divide. Sanity lies in unselfishness, Selfishness is inhumanity. When all world becomes one family, That my friend is true community. Let us be vast and breathe in the world. Let us show all, the blue dot is no less bold.

Defiance of inclusion in the name of national security, doesn't actually ensure national security, it only halts a nation's growth.

Knotty Knickers has seen incredible growth since its establishment in 2017. In 2020, the company had 20,000 subscribers and now reaches over 200,000 women every month. Knotty Knickers values inclusion, and the company markets its products featuring women of every race, size, shape, and body type, breaking down industry barriers.

மாநிலங்கள் வளர்வது சரியல்ல... நாடுதான் வளரனும் - ஆளுநர் ஆர்.என்.ரவி பேச்சால் சர்ச்சை - oneindia tamil news article - my comment Growth of states and country should be mutual and inclusive. Both are important.

Some people choose modernity I mean medicine, life style, sex, livelihood, neighbors and every aspects of life while some people choose traditions in every aspects of life. While choosing inclusive growth (i.e traditions with modernity) goes well. But still there are many uncontacted species are existing and what do they can offer us? unknown medicine? unknown knowledge? unknown spirituality ? and what if they consider us as aliens?

Discard anything that makes you narrow, discard anything that separates you from people, discard anything that impairs your growth. Discard traditions that make you narrow, discard scriptures that make you narrow, discard heritage that makes you narrow, discard culture that makes you narrow, discard constitutions, policies and governments that make you narrow. Expansion is the watchword of life, nay, expansion is life, narrowness is death.

Any goals or programs of an institution that becomes overtaken by chronic anxiety will be replaced by the task of keeping the most dysfunctional members happy. Friedman saw this dynamic as cultlike. In this scenario, appeals to unity and inclusivity are masquerades to resist growth and any attempts at emotional renewal. Eventually, the herd instinct, rooted in emotional toxicity, will lead to fragmentation and falling out, as dysfunctional members of the system turn on each other.

Sonnet 1147 Only way to grow together as a couple, is to nourish each other's individual growth. Only way to grow together as a society, is to empower each other's personal growth. Learn from Manu, Majnun, Vyas and M.A.S.H, Absorb all good like an eager sponge. Tradition of tribe has outstayed its welcome, Now outgrow the fences across fearful hunch. Na desi, na videsi, Banna hai to bano visvadesi. Bohot aye despar marnevaale, Des ke par chalo sudhare insani zindagi. Ni local, ni extranjero, Simplemente seamos humano. Más allá de la patria, más allá de la muerte, Vivamos como un planeta pueblo. Ni obediente, ni opresivo - Luchando por igualdad seremos humano.

A diverse workforce isn't just an asset; it's a catalyst for innovation and growth.

Several years after Typhoon Yolanda struck the Philippines, international development organizations remained to help in the recovery and rehabilitation process. In my mind, it was difficult to talk about sustainable development when students had to risk their lives just to go to school, when farmers and fishers had to take whatever the middlemen were willing to give because transportation of their produce proved too difficult. A number of municipalities could only be accessed through boats. Whenever it rained, families would have to make a decision whether to risk their lives or lose their income. It was at this point that I realized that if we were to achieve real and inclusive economic growth, then a good infrastructure network was necessary. I would have never thought that in a matter of years I would join President Rodrigo Duterte's Build, Build, Build team.

Enroll in the Best Hebrew School Atlanta for a Rich Cultural Experience Welcome to Hebrew School Atlanta, where they give a transforming educational path that celebrates Jewish heritage while also providing a rich cultural experience. Their school is committed to instilling a love of the Hebrew language, Jewish traditions, and values in each student while also encouraging individual growth and development. They think that education is about more than just learning; it is about developing a meaningful connection to one's heritage and community. They try to establish an inclusive and supportive environment in which students can explore their Jewish identity, develop a strong sense of belonging, and form lifelong connections. Their school is more than simply a place to learn; it's a thriving community that welcomes families from all walks of life. They encourage family involvement and provide opportunities for families to participate in their children's educational path. They think that fostering a compassionate and supportive atmosphere that promotes holistic growth requires a strong relationship between parents, educators, and students. Enrolling your child in the top Hebrew School in Atlanta means laying the groundwork for a lifetime of Jewish involvement, cultural awareness, and personal development. Join us on this extraordinary trip as we arouse curiosity, create a love of Hebrew, and foster a deep appreciation for Jewish School education. Let us work together to produce a wonderful cultural experience. Contact the head of the department at The Epstein School.

It is always controversial when it comes to women with strong character at the workplace!

Culture, as we know it, is like a hidden river that courses beneath the surface of an organization. Its currents, strong yet silent, dictate the ebb and flow of organizational life, guiding behaviors, shaping perceptions, and influencing interactions. These undercurrents are coded with shared beliefs, values, and norms, inscribed not in explicit policies but in unwritten rules, subtle cues, and tacit understandings.

Leadership has an electrifying edge when it comes to shaping culture. Trailblazing leaders carve out the vision, values, and behaviors that guide a group. With unwavering integrity, they ignite trust and foster collaboration, forging a culture that pushes boundaries. These audacious leaders infuse purpose, propelling individuals and cultivating a culture of relentless innovation and unquenchable curiosity.

If culture is the heartbeat of an organization, communication is its lifeblood. It flows through every artery, connects every organ, and sustains every function. It is the conduit through which values, norms, and expectations travel; it is the medium that shapes relationships, fuels engagement, and drives performance.

Flawless life is fragile life, Flawed life is resilient life. Greatest resilience is self-correction, the seed of true civilization, Flaws aware are instrument of flight.

Greatest resilience is self-correction.

In the name of liberty, organizations like Moms For Liberty claim to stand for the rights of parents and the welfare of children. But it's essential to examine the nature of this claimed 'liberty' and ask: Whose liberty are we really talking about? Is it the liberty to deny scientific consensus, to suppress inclusive education, or to stifle the growth of a comprehensive understanding of the world in which we live? Does this 'liberty' mean the freedom to rewrite history, to shield young minds from the realities of systemic racism, climate change, and sexual orientation? If that's the case, then this 'liberty' sounds suspiciously like censorship, a betrayal of the principles of educational integrity, and an obstacle to fostering rational, empathetic citizens who can confront the complexities of our world. Education should not be a battleground for political ideologies. It should be a platform that equips our children with the critical thinking skills they need to discern fact from fiction, to challenge prejudices, and to contribute meaningfully to the society they'll inherit. The 'liberty' that Moms For Liberty advocates seems to be less about empowering parents and more about enforcing a narrow worldview that risks leaving our children ill-prepared for the diverse, interconnected world they will encounter. Let's not cloak censorship and intolerance in the guise of 'liberty.' True liberty lies in the freedom to learn, to question, and to grow. Let's ensure that our education systems stand as beacons of enlightenment, not bastions of indoctrination.

We cannot aim for the stars, with our mind smashing rocks together.

Imagine a world in which high growth and prosperity are not just durable but also inclusive and environmentally responsible. Imagine a world in which leaders have a good understanding of where the economy is heading. Imagine a world in which policymakers domestically and globally co-ordinate well with each other.

At the heart of every successful organization lies a culture of inclusion—one that not only accepts but also celebrates individual differences, viewing diversity as a wellspring of strength rather than a mere obligation to be fulfilled.

Your actions and attitudes as a culture catalyst are rippling—they spread waves of unity, acceptance, and understanding.

Several years after Typhoon Yolanda struck the Philippines, international development organizations remained to help in the recovery and rehabilitation process. In my mind, it was difficult to talk about sustainable development when students had to risk their lives just to go to school, when farmers and fishers had to take whatever the middlemen were willing to give because transportation of their produce proved too difficult. A number of municipalities could only be accessed through boats. Whenever it rained, families would have to make a decision whether to risk their lives or lose their income. It was at this point that I realized that if we were to achieve real and inclusive economic growth, then a good infrastructure network was necessary. I would have never thought that in a matter of years I would join the Build, Build, Build team.” - Anna Mae Yu Lamentillo , Night Owl: A Nationbuilder’s Manual 2nd Edition (p. 10, Why do I support Build, Build, Build? )

Makalipas ang ilang taon matapos nanalasa ang Bagyong Yolanda sa Pilipinas, patuloy pa rin ang pagtulong ng mga international development organizations sa rehabilitasyon. Sa isip ko, mahirap pag-usapan ang tungkol sa sustainable development kung ang mga mag-aaral ay kailangan ipagsapalaran ang kanilang buhay makapunta lang sa paaralan; kung ang mga magsasaka at mangingisda ay napipilitang kunin kung anuman ang inaalok na presyo ng ahente dahil ang paghahatid ng kanilang ani at huli ay napakahirap. Ang ilang mga bayan ay napupuntahan lamang gamit ang mga bangka. Kapag umuulan, kailangang mamili ng mga pamilya kung ipagsasapalaran ang kanilang buhay o mawala ang kanilang kita. Sa puntong iyon ko napagtanto na kung nais natin makamit ang inclusive growth, kinakailangan ang isang mahusay na infrastructure network. Hindi ko akalain na matapos lang ang ilang taon ay sasali ako sa Build, Build, Build ni Pangulong Rodrigo Duterte.” - Night Owl: Edisyong Filipino (p. 10, Bakit ko Sinusuportahan ang Build, Build, Build?)

Even with boring old punishment, the natural creativity of schools cannot be suppressed. The names for isolation rooms bear this out beautifully. We casually refer to it as isolation, seclusion (like a secluded beach resort!), the hole, the growth mindset room, respite, the grade room, challenge!, the time-out room and, unbelievably, the inclusion room. I can think of nothing less inclusive than a cell. Heaping punishment on damaged children is not right.

Hire diverse but like-minded people. An inclusive workforce engaged in a shared mission fosters better, more creative solutions to problems, leading to sustainable growth.