A Quote by Gordon Brown

Markets need morals. — © Gordon Brown
Markets need morals.
Morals consist of political morals, commercial morals, ecclesiastical morals, and morals.
Because just as good morals, if they are to be maintained, have need of the laws, so the laws, if they are to be observed, have need of good morals.
As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
The invisible hand is not perfect. Indeed, the invisible hand is a little bit arthritic ... I'm a believer in free markets, but I think we need to be less naïve. We need to accept that markets give us pretty good solutions, but occasionally they will lock in something inferior.
I give priority to up-bringing over education because the ultimate goal of up-bringing is morals, and we have a more urgent need for morals than for knowledge.
Morals are taught & preached not for the sake of heaven, but to assist those people on earth who have everything they need & more to retain their possessions & to help them to accumulate still more. Morals is the butter for those who have no bread.
What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That's all you need to know about the markets.
Markets are useful instruments for organizing productive activity. But unless we want to let the market rewrite the norms that govern social institutions, we need a public debate about the moral limits of markets.
For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.
It's just that for so many people that I know, Christianity's this matter of... it has everything to do with morals. Christianity is a religion about morals. And they will even talk about Jesus. And they will say kids need to know about Jesus so they won't smoke, drink, or dance, or go with girls that do, and all that kind of thing. And I kinda go, 'That's not why people need to know about Jesus. The only reason - The only possible excuse for talking about Jesus is because we need a Savior.'
You need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest opportunity, but is trying to govern well.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy.
Since the dawn of civilization, markets have been ubiquitous. Many of us have benefited from their focus and efficiency. Yet two widely held beliefs - that markets are best left unregulated and that markets are inherently benign - are naive and outdated.
[F]or avoiding the extremes of despotism or anarchy . . . the only ground of hope must be on the morals of the people. I believe that religion is the only solid base of morals and that morals are the only possible support of free governments. [T]herefore education should teach the precepts of religion and the duties of man towards God.
What has human happiness to do with morals? The object of morals is not to make people happy.
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