A Quote by Noam Chomsky
The entire socioeconomic system is based on production for profit and a growth imperative that cannot be sustained.
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Growth is essential and must be sustained. But rapid growth alone cannot address the problems arising out of continuing disparities. Tackling these is not just a matter of social justice but, more importantly, an existential necessity and a moral imperative.
Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
The first law of sustainability: population growth and/or growth in the rate of consumption of resources cannot be sustained
You also have to get beyond that to dismantle the system of production for profit rather than production for use. That means dismantling at least large parts of market systems.
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
Our early 21st century civilization is in trouble. We need not go beyond the world food economy to see this. Over the last few decades we have created a food production bubble-one based on environmental trends that cannot be sustained, including overpumping aquifers, overplowing land, and overloading the atmosphere with carbon dioxide.
Modern capitalism is just as subversive as Marxism. The materialistic view of life on which both systems are based is identical. As long as we only talk about economic classes, profit, salaries, and production, and as long as we believe that real human progress is determined by a particular system of distribution of wealth and goods, then we are not even close to what is essential.
Of all the things that can have an effect on your future, I believe personal growth is the greatest. We can talk about sales growth, profit growth, asset growth, but all of this probably will not happen without personal growth.
There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
The government must nurture an eco-system where the economy is primed for growth; and growth promotes all-rounddevelopment. Where development is employment-generating ; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all. That is my concept ofeconomic good governance and all round development.
We need to have strong growth, fair growth, sustained growth.
Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth.
Infatuation cannot be sustained indefinitely, my friend. Love that embraces the entire person is a monumental gift that takes time to grow.
The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.
If Vancouver did not succeed as Starbucks from '87 on, our entire international business, which is now thousands of stores and a significant amount of growth and profit, may not have existed.
We are free, but not to be evil, not to be indifferent to human suffering, not to profit from the people, from the work created and sustained through their spirit of political association, while refusing to contribute to the political state that we profit from.
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