A Quote by Robert Gilpin
The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.
Related Quotes
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.
Largely, as a result of the policies and priorities of the Reagan administration, more people are becoming poor and staying poor in this country than at any time since World War II.
There are but three political-economic roads from which we can choose... We could take the first course and further exacerbate the already concentrated ownership of productive capital in the American economy. Or we could join the rest of the world by taking the second path, that of nationalization. Or we can take the third road, establishing policies to diffuse capital ownership broadly, so that many individuals, particularly workers, can participate as owners of industrial capital. The choice is ours.
I think that the environmental movement is wisely moving away from a largely emotion-based argument for the spiritual or intrinsic value of Nature with a capital "N" and evolving toward a very hard-nosed case for the economic value of natural capital, ecosystem services, biodiversity, etc.
President Reagan is now at rest. We mourn his passing, but we are grateful for the gifts he gave us: a safer world, strong economic base, and a renewed belief in America's greatness.
...inner spiritual transformation is just as dependent upon the effect of our economic life upon the world as transformations in the world are dependent upon spiritual re-orientation.
It was simply impossible to support Carter for reelection in 1980 and easy for me to support Reagan. The Reagan campaign was happy to have Democratic support, and the Reagan administration was happy to have Democrats in it; they took the view that, after all, Reagan himself had been a Democrat, so it was not a strike against you.
During Ronald Reagan's administration, '60 Minutes' ran a segment about the difference between Reagan's rhetoric and Reagan's actions. The show thought it had produced a hard-hitting piece; Reagan's team called up '60 Minutes' to thank them for the 15-minute commercial.
The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.
Every GOP administration since 1952 has let the Military-Industrial Complex loot the Treasury and plunge the nation into debt on the excuse of a wartime economic emergency.
Access to capital is critical for small business success and crucial to our economic recovery. Without access to capital, many small companies are not able to maintain operations, let alone expand and create new jobs.
Reagan said that government is not the solution to our problems, government is the problem. And he was going to dismantle that government. Well, long story short, he failed to do that. He built up the military to a much greater status, more people in it, and actually more employees after the end of the Reagan administration. And, to achieve his objectives, he did some of the very same things that Trump is doing to achieve his. What Ronald Reagan really wanted to dismantle was the welfare state. And he had limited success in doing that.
The irony here is this administration is spending more money on climate change research and development than any administration in all the rest of the industrialized world combined.
[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.
It seems to me self-evident that we cannot have capitalism without capital and, very importantly, that the ultimate source of all economic capital is Nature's capital
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