economics Quotes

If you have to control people, you have to have an administrative force that does it. So in U.S. industry, even more than elsewhere, there's layer after layer of management - a kind of economic waste, but useful for control and domination. And the same is true in universities.

Latin America has much richer resources. You'd expect it to be far more advanced than East Asia, but it had the disadvantage of being under imperialist wings.

Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.

A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that's achieved by, if you like, advertising.

From the late 1940s, into and through the '50s, there developed a complex interaction between federal government, state and local government, real-estate interests, commercial interests and court decisions, which had the effect of undermining the mass transit system across the country.

In the 1930s, unemployed working people could anticipate that their jobs would come back.

When Reagan left office, he was the most unpopular living president, apart from Nixon, even below Carter. If you look at his years in office, he was not particularly popular. He was more or less average. He severely harmed the American economy.

Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.

The polls show that concern over inequality among the general public rose pretty sharply after the Occupy movement started, very probably as a consequence. And there are other policy issues that came to the fore, which are significant.

A consistent anarchist must oppose private ownership of the means of production, and the wage-slavery which is a component of this system, as incompatible with the principle that labor must be freely undertaken and under the control of the producer.