Quotes About Economics

If capital is privately controlled, then people are going to have to sell themselves in order to survive. Now, you can say, they rent themselves freely, it's a free contract - but that's a joke. If your choice is, do what I tell you or starve, that's not a choice - it's infact what was commonly referred to as 'wage slavery' in more civilized times, like the eighteenth and nineteenth centuries.

But for another thing, there's no law of nature which says that control over capital has to be in a few hands?that's like saying that political power has to be in a few hands. Why? There wasn't a law that said that the king and the nobles had to run everything, and there isn't a law that says that corporate owners and managers have to run everything either. These are social arrangements. They developed historically, they can be changed historically

Governments are bigger than ever, but under neoliberalism they have far less pretense to being concerned with addressing non-corporate interests. And

Workers and their families may starve to death in the New World Order of economic rationality, but diamond necklaces are cheaper in elegant New York shops, thanks to the miracle of the market.

Workers aren't free to move, labor can't move, but capital can.

Classical liberalism was wrecked on the shoals of capitalism, but

That's essentially neoliberalism. It has this dual character, which goes right back in economic history. One set of rules for the rich. Opposite set of rules for the poor.

In fact, what are called international "free trade agreements" are not free trade at all. The trade system was reconstructed with a very explicit design of putting working people in competition with one another all over the world.

these six corporations, and more precisely, the key decision makers within them, set the boundaries on acceptable debate on what's socially, politically, economically possible. They make their decisions on those things based on profit maximization, both short and long term. If you think they're making their decisions on anything else, you are mistaken.

Si nos tomamos la molestia de distinguir realidad y doctrina en el sistema neoliberal, encontramos, en suma, que los principios políticos y económicos vigentes en la realidad son muy diferentes a los que se proclaman.

Spending would then average about $4.5 trillion per year between 2024 and 2050. Total clean energy investment spending for the full twenty-seven-year investment cycle would amount to about $120 trillion.

If capital is privately controlled, then people are going to have to rent themselves in order to survive. Now, you can say, "they rent themselves freely, it's a free contract"—but that's a joke. If your choice is, "do what I tell you or starve," that's not a choice

If capital is privately controlled, then people are going to have to run tonsils in order to survive. Now, you can say, they rent themselves freely, it's a free contract - but that's a joke. If you are choice is, do what I tell you are starve, that's not a choice - it's infact what was commonly referred to as 'wage slavery in more civilized times, like the eighteenth and nineenth centuries.

however, is that there is no alternative. Communist societies, social democracies, and even modest social welfare states like the United States have all failed, the neoliberals proclaim, and their citizens have accepted neoliberalism as the only feasible course.

Median real income is below its level of twenty-five years ago. For males, median real income is below what it was in 1968.

One jet plane means this many fewer schools and hospitals.

The commodity includes two components: use value; that is, the commodity has to be useful for someone for something. Under capital, however, a commodity also has to have this other essential element, which is exchange value. That is, it has to be capable, in addition to it being useful, of carrying something that the society values.

Not even mentioned is the possibility, discussed by economist Dean Baker, that the deficit might be eliminated if the dysfunctional privatized health care system were replaced by one similar to those in other industrial societies, which have half the per capita costs and at least comparable health outcomes.

siquiera son acuerdos comerciales, sino, básicamente, acuerdos de derechos de inversores.

The Vietnam War was fought to prevent Vietnam from becoming a successful model of economic and social development for the Third World.

Now, you can say, "they rent themselves freely, it's a free contract"—but that's a joke. If your choice is, "do what I tell you or starve," that's not a choice—it's in fact what was commonly referred to as wage slavery in more civilized times, like the eighteenth and nineteenth centuries, for example.

In a socialist country you can get rich by providing necessities, while in a capitalist country you can get rich by providing luxuries.

Let us remember that the automatic machine is the precise economic equivalent of slave labor. Any labor which competes with slave labor must accept the economic consequences of slave labor.

Maria Theresa dollar of 1751.