A Quote by Janet Yellen
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.
Man is about to be deprived of a great pole - work routine. The nightmare of capitalist society is unemployment; the nightmare of cybernetic society will be employment.
One of the most striking trends, since at least the 1960's, has been for employment in services to grow far more rapidly than employment in manufacturing. It is this trend that has led to the view that developed economies have become de-industrialized and that they are now effectively service economies.
Darkness is the absence of light. Happiness is the absence of pain. Anger is the absence of joy. Jealousy is the absence of confidence. Love is the absence of doubt. Hate is the absence of peace. Fear is the absence of faith. Life is the absence of death.
Full employment does not mean literally no unemployment; that is to say, it does not mean that every man and woman in the country who is fit and free for work is employed productively every day of his or her working life ... Full employment means that unemployment is reduced to short intervals of standing by, with the certainty that very soon one will be wanted in one's old job again or will be wanted in a new job that is within one's powers.
I mean, you can agree or disagree with Iraq or Afghanistan, but by the way, now the great campaigning cause out there is the absence of intervention in Syria. And then in Libya, it's partial intervention. And that doesn't really explain why some countries that have literally nothing to do with the interventions in the Middle East end up getting targeted.
I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.
Government intervention is not solving the problems, and in fact the governments around the world that are intervening the most in their economies are struggling more.
By themselves, genetically engineered crops will not end hunger or improve health or bolster the economies of struggling countries. They won't save the sight of millions or fortify their bones. But they will certainly help.
Growing economies are critical; we will never be able to end poverty unless economies are growing. We also need to find ways of growing economies so that the growth creates good jobs, especially for young people, especially for women, especially for the poorest who have been excluded from the economic system.
The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.
I look under the skin of countries' economies, and I help them make better decisions and be stronger, to prosper and create employment.
Courage is resistance to fear, mastery of fear - not absence of fear. So many look to eradicate fear from their lives, when that is an impossible task. You can certainly experience moments in absence of fear, however accept that fear will be with you whenever you are in the process of living creatively. The challenge is to go ahead regardless, simply notice the feeling and manage being courageous.
After the war people said, 'If you can plan for war, why can't you plan for peace?' When I was 17, I had a letter from the government saying, 'Dear Mr. Benn, will you turn up when you're 17 1/2? We'll give you free food, free clothes, free training, free accommodation, and two shillings, ten pence a day to just kill Germans.' People said, well, if you can have full employment to kill people, why in God's name couldn't you have full employment and good schools, good hospitals, good houses?
If we looked in the world of 1945 and looked at the map of capitalist economies and democratic polities, they were the rare exception, not the norm.
I think one of the key differentiators I bring to the table as a venture capitalist is a solid understanding of the public markets and how they operate.
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