A Quote by Milton Friedman
There is not a line in 'The Wealth of Nations' that is not still applicable to this day.
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And you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold.
The aim of political institutions like the United Nations is to draw the line between struggle and conflict and to make it possible for nations to stay on the right side of that line.
We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions.
The health of nations is more important than the wealth of nations.
Some time ago a little-known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. With the same perspicacity and with the same broad historical perspective, Daron Acemoglu and James Robinson have retackled this same question for our own times. Two centuries from now our great-great- . . . -great grandchildren will be, similarly, reading Why Nations Fail.
Bare-faced covetousness was the moving spirit of civilization from its first dawn to the present day; wealth, and again wealth, and for the third time wealth; wealth, not of society, but of the puny individual, was its only and final aim.
All cultures forged by nations—the noble indigenous past of America, the brilliant civilization of Europe, the wise history of Asian nations, and the ancestral wealth of Africa and Oceania—are corroded by the American way of life. In this way, neoliberalism imposes the destruction of nations and groups of nations in order to reconstruct them according to a single model. This is a planetary war, of the worst and cruelest kind, waged against humanity.
E-commerce is applicable to Russia, just as it's applicable to any other market.
I still have a dream today that one day war will come to an end, that men will beat their swords into plowshares and their spears into pruning hooks, that nations will no longer rise up against nations, neither will they study war any more.
We like to be punks. We like to still be kind of edgy and if being edgy means you might teeter on that line of being inappropriate, I'm still willing to teeter on that line, even at my age. But some of them go over that line and you've gotta draw that line somewhere.
Nations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance.
I am totally in line with the fact that I think wealth distribution for carmakers needs to be redimensioned to allow labor to take a piece of that wealth distribution.
Human nature being what it is, peace must inevitably be a relative condition. The essence of life is struggle and competition, and to that extent perfect peace is an almost meaningless abstraction. Struggle and competition are stimulating, but when they degenerate into conflict it is usually both destructive and disruptive. The aim of political institutions like the United Nations is to draw the line between struggle and conflict and to make it possible for nations to stay on the right side of that line.
What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
But it is my total conviction that all the trappings of good leadership are generic and widely applicable whether you are standing in a khaki queue with your mess tins or on an automobile production line.
In my current work on global warming, I argue that the only apparent solution to the deep problem of climate change would require very large transfers of wealth from rich nations to poor nations, so that the entire world can make the transition to renewable forms of energy as fast as possible.
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