A Quote by Pankaj Mishra

Governments everywhere that are unable to guarantee equitable growth and social welfare have suffered a fatal decay of legitimacy. — © Pankaj Mishra
Governments everywhere that are unable to guarantee equitable growth and social welfare have suffered a fatal decay of legitimacy.
As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.
Governments, the investor and business community, and civil society organizations and public representatives need to work together to ensure the necessary foundations are in place to align private finance to guarantee sustainable and equitable development and poverty reduction.
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.
Everywhere the fatal spirit of imitation, of reference to European standards, penetrates and threatens to blight whatever of original growth might adorn the soil.
The body is subject to the law of growth and decay, what grows must of necessity decay.
The Social License is fundamentally about accountability to people and not just powerful interests. John Morrison’s book reminds all organizations – governments, business and civil society – to focus on the legitimacy of their own actions.
Today, parliaments are more important because of the need of legitimacy, of the popular legitimacy, of public opinion legitimacy of politics. Parliaments are, at the end of the day, the only true legitimacy.
The governments of the present day have to deal not merely with other governments, with emperors, kings and ministers, but also with the secret societies which have everywhere their unscrupulous agents, and can at the last moment upset all the governments' plans.
The populists are right in one key area: voters want jobs and equitable growth, and can hardly be faulted for that. The challenge is to find a more inclusive growth trajectory that can be sustained economically, ecologically, and politically.
The most fatal disease of friendship is gradual decay.
The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.
Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
Now [in China] within the framework of socialism - which is really social welfare in a social democratic framework - all they want to do is to get the kind of economic growth of the capitalist world. It can't be done. It creates the same kind of problems as in the capitalist world.
We would love to see Canadian federal and provincial governments establish a new business entity class like the CIC or L3C for social enterprises. Our governments should also offer tax incentives to entice more entrepreneurs into the social economy, and encourage foundations and impact investors to put their capital into social enterprises.
Doing for people what they can and ought to do for themselves is a dangerous experiment. In the last analysis, the welfare of the workers depends upon their own initiative. Whatever is done under the guise of philanthropy or social morality which in any way lessens initiative is the greatest crime that can be committed against the toilers. Let social busybodies and professional "public morals experts" in their fads reflect upon the perils they rashly invite under this pretense of social welfare.
Congress created tax-exempt 501(c)(4)s to operate exclusively for social welfare purposes like early childhood education, environmental protection, and veteran's assistance. However, an IRS regulation allows 501(c)(4)s to operate primarily for the promotion of social welfare.
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