A Quote by Robert Gilpin
The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.
Related Quotes
Our system of government is one of checks and balances. It requires compromise.. compromise between the Executive and the Parliament, compromise between one House and another, compromise between the States and the Commonwealth and compromise between groups of persons with legitimate interests and other groups with other legitimate interests. There is room for compromise.. indeed demand for it.. in a system of checks and balances.
Charles Beard warned us that governments-inc luding the government of the United States-are not neutral, that they represent the dominant economic interests, and that their Constitutions are intended to serve these interests.
Thirty-five states have Canada as their largest export market. Let's say we get into a trade war with the United States - hopefully not, but let's say. Many states in the union are going to have trouble and more costs getting their stuff up to Canada. If we make the border a little thicker in terms of tariffs, and hit back, that will start to impact the states, in particular large business interests that are in Canada. And that starts to put indirect pressure on the White House.
From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.
Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.
I do not know what will happen in China politically. I do know that it is impossible to maintain the communist system or probably even a strict one-party system when the economy becomes so pluralistic. Now, what form that takes and what institutions will evolve, I do not have a clear view about. I do not think the United States, as a general principle, ought to intervene in this.
Every senator needs to stand up and represent their constituents - not big business, not the ACLU, not activist groups, not political interests, but the American interests, the workers' interests.
Adam Smith's uncritically enthusiastic modern disciples portray his invisible hand theory as saying that market forces reliably harness selfish individuals to serve the common good. That's often true, but as Darwin recognized clearly, many traits that serve the interests of individual animals make life more difficult for larger groups.
What we should all argue for is the use of freedom rather than having a monetary system with regulation domination that is run by a cartel and the special interests - that is the kind of system we have today.
The level of destruction and terror and violence carried out by the powerful states far exceeds anything that can imaginably can be done by groups that are called terrorists and subnational groups.
But politicians who talk about failed policies are just blowing smoke. Government policies succeed in doing exactly what they are supposed to do: channeling resources bilked from the general public to politically organized and influential interests groups.
If the various groups in America had been less selfish and had permitted different representatives from the groups to travel into foreign countries, and broaden their own scope, and come back and educate the movements they represented, not only would this have made the groups to which they belonged more enlightened and more worldly in the international sense, but it also would have given the independent African states abroad a better understanding of the groups in the United States, and what they stand for, what they represent.
The danger in our system is that the general government, which represents the interests of the whole, may encroach on the states, which represent the peculiar and local interests, or that the latter may encroach on the former.
If a country develops an economic system that is based on how to pay for the war, and if the amounts of fixed capital investment that are apparent are tied up in armaments, and if that country is a major exporter of arms, and its industrial fabric is dependent on them, then it would be in that country's interests to ensure that it always had a market. It is not an exaggeration to say that it is clearly in the interests of the world's leading arms exporters to make sure that there is always a war going on somewhere.
Oswald Mosley`s movement, it was a big movement. It was obviously anti-immigrant, anti-Semitic, it was populist. Mosley wanted to replace the parliamentary system of government in Britain with a government that was based on business interests, that was based on the idea that business interests were the real interests of that country and business interests.
and reorganizing the government to serve business interests, that would be a way to get stuff done faster and more efficiently.
For most of modern life, our strong talents and desires for group effort have been filtered through relatively rigid institutional structures because of the complexity of managing groups. We haven't had all the groups we've wanted, we've simply had the groups we could afford. The old limits of what unmanaged and unpaid groups can do are no longer in operation.
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