A Quote by Hubert H. Humphrey
Capital, and the question of who owns it and therefore reaps the benefit of its productiveness, is an extremely important issue that is complementary to the issue of full employment... I see these as twin pillars of our economy: Full employment of our labor resources and widespread ownership of our capital resources. Such twin pillars would go a long way in providing a firm underlying support for future economic growth that would be equitably shared.
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The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.
The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness.
Contrary to popular belief, we do not face a choice between economy and ecology, It is often said that protecting the environment would constrain or even undermine economic growth. In fact, the opposite is true: unless we protect resources and the earth's natural capital, we shall not be able to sustain economic growth.
Our libraries are pillars in the neighborhood - providing vital services, safe spaces to gather, and connections to essential resources.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.
Including the value of natural resources and our social capital in national accounting is a vital step to achieve economic growth that is equitable and sustainable.
After careful consideration, we have decided that for our next fiscal year, we'll issue guidance on comparable store used unit sales and on earnings per share only for the full fiscal year. We will no longer issue quarterly guidance. This decision reflects our continuing focus on longer-term store, sales, and earnings growth and on return on invested capital, and our recognition that the performance in shorter-term periods can be more volatile than over the longer term. As we report our quarterly results, we plan to comment on how our performance is tracking against our annual guidance.
Homelessness isn't just an issue in San Francisco. It's an issue throughout California and up and down the West Coast. We need to support policies that address our twin troubles of housing affordability and homelessness at the state-level.
Globalisation, and specifically our connectivity to China, has contributed to a sustained growth in the U.S. economy, has led to full employment and has benefited consumers with lower-cost, high-quality goods.
We lost our way and allowed greed and excess to become the twin pillars of too much of the financial culture. We became a society utterly absorbed in consumption and dismissive of moderation.
If New Hampshire is going to be able to realize our full potential for economic growth, we need to remove unnecessary barriers to employment like the overuse of occupational licenses.
The court has had to take a hard look at our resources and make difficult decisions balancing competing demands for resources. While our current allocation of resources to the Twin Peaks Court may not be ideal, it is an appropriate allocation when all factors are considered. While I realize this will be disappointing news to you, I can assure you the matter was given serious thought before a decision was made.
How we decide the vexed issue of the method of selection of judges of the Supreme Court and the high courts would determine the future of our democracy and the rule of law in the country. We are faced with the twin problem of selecting the best judges and also ensuring that the judiciary would be insulated from executive interference.
The issue of access to growth capital is common to all entrepreneurs. Any entrepreneur who can demonstrate a credible business model and plan would be able to access to capital.
The three pillars of development (economic, social and environmental) must be strengthened together. But it is evident that two of the pillars - economic and social - are subsidiary to, and underpinned by, the third: a vibrant global ecology. Neither dollars nor our species will out-survive our planet. The earth can survive happily without people or profit
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