A Quote by Mike Lowry
I think the market driven economic system is the most productive system, but to have that work in the world, you've got to also have social investments to go along with that.
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The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.
If the machinery for distribution in the present economic system of the world is incapable of properly distributing the productive wealth of nations, then that system is false and must be altered.
A leader has to know how the system functions - not just the system of government but the whole social and economic system, including business, the unions, and the universities.
Sharia has a ruling system, an economic system, a policy and social system, a foreign policy and judiciary system to be implemented, you know, the whole package. Under the Sharia, food, shelter and clothing will be provided for all citizens in addition to basic necessities like gas and water as well. But, it's not like communism or socialism in the respect that you can work for the luxuries.
Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy stemmed from his unquestioning faith in the ability of the market to guide the system to its point of highest return. The market — that wonderful social machine — would take care of society's needs if it was left alone. "Consumption is the sole end and purpose of all production," he wrote.
Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes - indeed, deletes - the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.
I had it drummed into me from an early age that personalizing everything was not a good thing. Besides, I don't think that kind of commodity-driven system makes for the most productive architecture.
What type of new economical system can organize this system? There is another sector in our life, that we rely on every single day, that are absolutely essential: the social commons, the social economy. It is all the activity we engage in to create social capital. It doesn't create capital market. Social commons is growing faster than the market place. It is growing faster than the market place. The social commons include any activity that is deeply social and collaborative.
Our example - and commitment - to freedom has changed the world. But along with the genius of our Declaration of Independence, our Constitution, and our Bill of Rights, is the equal genius of our economic system. Our Founding Fathers endeavored to create a moral and just society like no other in history, and out of that grew a moral and just economic system the likes of which the world had never seen. Our freedom, what it means to be an American, has been defined and sustained by the liberating power of the free enterprise system.
There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system.
From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant decentralization because knowledge is not concentrated anywhere. It's based on motivation, and so these are the advantages of, say, the cautious case for capitalism, that the market system is efficient.
A massive new penal system has emerged in the past few decades - a penal system unprecedented in world history. It is a system driven almost entirely by race and class.
If our system continues without modification involving environmental and social concern, we will face an economic and social breakdown of our outdated monetary and political system.
As I think all Americans understand on both sides of the aisle, the Social Security system as it is structured today is a pay-as-you-go system.
The legal system doesn't work. Or more accurately, it doesn't work for anyone except those with the most resources. Not because the system is corrupt. I don't think our legal system (at the federal level, at least) is at all corrupt. I mean simply because the costs of our legal system are so astonishingly high that justice can practically never be done.
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