A Quote by John Bruton
The economy is not an abstraction. The economy consists of people, and it will only grow if people feel secure and are reasonably free.
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Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.
President Obama's view of a free economy is to send your money to his friends. My vision for a free enterprise economy is to return entrepreneurship and genius and creativity to the American people!
Contrary to popular belief, prosperity is an emotional state that has little to do with your wealth or the state of the economy. You can feel more prosperous in a one-room cottage than most wealthy people feel in a twenty-room mansion. Misers will hoard a lot of money and spendthrifts will spend whatever they have - you don't have to do either to feel prosperous. You may have to give up your secure, high-paying corporate job, however - and grow spiritually in the process.
We are a big economy, and we must, therefore, show that we can manage it, but not only manage it, but that can transform it so that this economy works for all of our people so that everyone feels that they have a stake in this economy.
I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.
I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
Instead of the primitive raw material economy, we will create a smart economy generating unique knowledge, new useful things and technologies. Instead of the archaic society, in which the leaders think and make decisions for everyone, we will become a country of intelligent, free and responsible people.
Expense, and great expense, may be an essential part in true economy. If parsimony were to be considered as one of the kinds of that virtue, there is, however, another and a higher economy. Economy is a distinctive virtue, and consists not in saving, but in selection.
I tend to go with things people need. Obviously with the barbershop, people will need haircuts regardless of the economy. In a down economy, I choose businesses that don't require a lot of start-up cash or a cash injection on a regular basis. They might need some initially, but not often after. Rental of properties is a good business in a down economy as people struggle with mortgages.
There is a section of our population in South Africa that you can't expect to get integrated in the economy of its own. These are people without skills and that will include young people who might very well have matric certificates, but don't have the skills to be absorbed in the economy. So we need to target people like those in a special way, in a focused way so that they have the skills and the capacity to participate in the economy. That requires special programmes.
Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, so it's all an illusion that the system can be saved. The question is, how long are people going to be willing to live in this illusion?
When you take away the subsistence economy, then your farm population is seriously exposed to the vagaries of the larger economy. As it used to be, the subsistence economy carried people through the hard times, and what you might call the housewife's economy of cream and eggs often held these farms and their families together.
Social solidarity must rest instead on the sole secure basis it can have: direct responsibility of people for one another. Such responsibility can be realized through the principle that every able-bodied adult holds a position within the caring economy - the part of the economy in which people care for one another - as well as within the production system.
When people are judged by merit, not connections, then the best and brightest can lead the country, people will work hard, and the entire economy will grow - everyone will benefit and more resources will be available for all, not just select groups.
Our economy will not prosper as long as it is monopolised (by the government). The economy must be rid of monopoly and see competition, it must be freed of insider speculation, be transparent, all people must be aware of the statistics. If we can bring transparency to our economy, we can fight corruption.
I think Britain's economy has done extremely well from having the influx of talented people from around the world and from having an influx of people from the rest of the European Union. It's both evidence of how strong the British economy was - that's what drew people in - but it's also part of what's making the British economy work.
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