Quotes About Economy

Donald Trump warned voters that the Mexicans and Chinese would take their jobs, and that they should therefore build a wall on the Mexican border.4 He never warned voters that algorithms would take their jobs, nor did he suggest building a firewall on the border with California.

In Singapore, as befits that no-nonsense city state, they followed this line of thinking even further, and pegged ministerial salaries to the national GDP. When the Singaporean economy grows, ministers get a raise, as if that is what their job is all about.

Obesity is a double victory for consumerism. Instead of eating little, which will lead to economic contraction, people eat too much and then buy diet products – contributing to economic growth twice over.

We now have a global ecology, a global economy, and a global science—but we are still stuck with only national politics.

Consequently, despite the appearance of many new human jobs, we might nevertheless witness the rise of a new useless class. We might actually get the worst of both worlds, suffering simultaneously from high unemployment and a shortage of skilled labor. Many people might share the fate not of nineteenth-century wagon drivers, who switched to driving taxis, but of nineteenth-century horses, who were increasingly pushed out of the job market altogether.15

Once algorithms choose and buy things for us, the traditional advertising industry will go bust.

Trust is the raw material from which all types of money are minted.

We therefore have a good chance of overcoming the problem of resource scarcity. The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In

the rise of AI might eliminate the economic value and political power of most humans.

The sum total of money in the world is about $60 trillion, yet the sum total of coins and banknotes is less than $6 trillion.7 More than 90 per cent of all money – more than $50 trillion appearing in our accounts – exists only on computer servers.

One new model gaining increasing attention is universal basic income.

Five modern freighters could have taken onboard all the cargo borne by the whole world's merchant fleets.5

In previous eras national identities were forged because humans faced problems and opportunities that were far beyond the scope of local tribes. Now we need a new global identity because national institutions are incapable of handling a set of unprecedented global predicaments. We now have a global ecology, a global economy, and a global science—

The world's first commercial railroad opened for business in 1830, in Britain. By 1850, Western nations were criss-crossed by almost 25,000 miles of railroads

Sin la industrialización de la agricultura, la revolución industrial urbana no habría podido tener lugar: no habría habido manos y cerebros suficientes para llenar fábricas y oficinas.

In previous eras national identities were forged because humans faced problems and opportunities that were far beyond the scope of local tribes. Now we need a new global identity because national institutions are incapable of handling a set of unprecedented global predicaments. We now have a global ecology, a global economy, and a global science—but we are still stuck with only national politics.

El sistema económico me presiona para que expanda y diversifique mi cartera de valores, pero me da cero incentivos para expandir y diversificar mi compasión.

If your country is torn apart by war, if the economy is in crisis and if health care is non-existent, you are likely to be miserable.

La red comercial global de hoy en día se basa en nuestra confianza en entidades ficticias como el dinero, los bancos y las corporaciones

What enables banks – and the entire economy – to survive and flourish is our trust in the future. This

when a landlord, a weaver, or a shoemaker has greater profits than he needs to maintain his own family, he uses the surplus to employ more assistants, in order to further increase his profits. The more profits he has, the more assistants he can employ. It follows that an increase in the profits of private entrepreneurs is the basis for the increase in collective wealth and prosperity.

principal tenet is that economic growth is the

A globalização tornou os habitantes de um país extremamente dependentes de mercados situados noutros pontos do mundo, mas a automatização pode desfazer grandes porções desta rede comercial, com consequências desastrosas para os elos mais fracos.

Political, ethnic, cultural, and economic divisions endure, but they do not undermine the fundamental unity. Indeed, some divisions are made possible only by an overarching common structure. In the economy, for example, the division of labor cannot succeed unless everyone shares a single market.