Let us learn the meaning of economy. Economy is a high human office, a sacrament when its aim is grand, when it is the prudence of simple tastes, when it is practiced for freedom or for love or devotion.
I need my enemy in my community. He keeps me alert, vital... But beyond what we specifically learn from our enemies, we need them emotionally; our psychic economy cannot get along well without them... Our enemy is as necessary for us as is our friend. Both together are part of authentic community.
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
To cherish what remains of the Earth and to foster its renewal is our only legitimate hope of survival. But when nothing is valued for what it is, everything is destined to be wasted. Once the values of things refer only to their future usefulness, then an infinite withdrawal of value from the living present has begun. Nothing (and nobody) can then exist that is not theoretically replaceable by something (or somebody) more valuable. The country that we (or some of us) had thought to make our home becomes instead 'a nation rich in natural resources'; the good bounty of the land begins its mechanical metamorphosis into junk, garbage, silt, poison, and other forms of 'waste.' "The inevitable result of such an economy is that no farm or any other usable property can safely be regarded by anyone as a home, no home is ultimately worthy of our loyalty, nothing is ultimately worth doing, and no place or task or person is worth a lifetime's devotion. 'Waste,' in such an economy, must eventually include several categories of humans--the unborn, the old, 'disinvested' farmers, the unemployed, the 'unemployable.' Indeed, once our homeland, our source, is regarded as a resource, we are all sliding downward toward the ash-heap or the dump.
One social structure will be conducive to cooperation and solidarity another social structure to competition, suspiciousness, avarice; another to child-like receptiveness, another to destructive aggressiveness. All empirical forms or human needs and drives have to be understood as results of the social practice (in the last analysis based on the productive forces, class structure, etc., etc.) but they all have to fulfill the functions which are inherent in man’s nature in general, and that is to permit him to relate himself to others and share a common frame of reference, etc. The existential contradiction within man (to which I would now add also the contradiction between limitations which reality imposes on his life, and the virtually limitless imagination which his brain permits him to follow) is what I believe to be one of the motives of psychological and social dynamics. Man can never stand still. He must find solutions to this contradiction, and ever better solutions to the extent to which reality enables him.
The question then arises whether there is an optimal solution which can be inferred from man’s nature, and which constitutes a potential tendency in man. I believe that such optimal solutions can be inferred from the nature of man, and I have recently found it quite useful to think in terms of what in sociology and economy is now often called »system analysis«. One might start with the idea, in the first place, that human personality — just like society — is a system, that is to say, that each part depends on every other, and no part can be changed unless all or most other parts are also changed. A system is better than chaos. If a society system disintegrates or is destroyed by blows from the outside the society ends in chaos, and a completely new society is built upon its ruins, often using the elements of the destroyed system to build the new. That has happened many times in history. But, what also happens is that the society is not simply destroyed but that the system is changed, and a new system emerges which can be considered to be a transformation of the old one.
If human beings are ever to become free and to cease feeding industry by pathological consumption, a radical change in the economic system is necessary: we must put an end to the present situation where a healthy economy is possible only at the price of unhealthy human beings.
I have often asked myself whether I am not more heavily obligated to the hardest years of my life than to any others. As my inmost nature teaches me, whatever is necessary as seen from the heights and in the sense of a great economy is also the useful par excellence: one should not only bear it, one should love it. Amor fati: that is my inmost nature. And as for my long sickness, do I not owe it indescribably more than I owe to my health? I owe it a higher health, one which is made stronger by whatever does not kill it. I also owe my philosophy to it. Only great pain is the ultimate liberator of the spirit... Only great pain, that long, slow pain in which we are burned with green wood, as it were - pain which takes its time - only this forces us philosophers to descend into our ultimate depths and to put away all trust, all good-naturedness, all that would veil, all mildness, all that is medium - things in which formerly we may have found our humanity. I doubt that such pain makes us "better," but I know that it makes us more profound.
Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.
Our policy is directed not against any country or doctrine but against hunger, poverty, desperation, and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist. Such assistance, I am convinced, must not be on a piecemeal basis as various crises develop. Any assistance that this Government may render in the future should provide a cure rather than a mere palliative. Any government that is willing to assist in the task of recovery will find full cooperation, I am sure, on the part of the United States Government. Any government which maneuvers to block the recovery of other countries cannot expect help from us. Furthermore, governments, political parties or groups which seek to perpetuate human misery in order to profit therefrom politically or otherwise will encounter the opposition of the United States.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.
Forgiveness is the economy of the heart. Forgiveness saves expense of anger, the cost of hatred, the waste of spirits.
Depopulation should be the highest priority of foreign policy towards the third world, because the US economy will require large and increasing amounts of minerals from abroad, especially from less developed countries
To cherish peace and friendly intercourse with all nations having correspondent dispositions; to maintain sincere neutrality toward belligerent nations; to prefer in all cases amicable discussion and reasonable accommodation of differences to a decision of them by an appeal to arms; to exclude foreign intrigues and foreign partialities, so degrading to all countries and so baneful to free ones; to foster a spirit of independence too just to invade the rights of others, too proud to surrender our own, too liberal to indulge unworthy prejudices ourselves and too elevated not to look down upon them in others; to hold the union of the States as the basis of their peace and happiness; to support the Constitution, which is the cement of the Union, as well in its limitations as in its authorities; to respect the rights and authorities reserved to the States and to the people as equally incorporated with and essential to the success of the general system; to avoid the slightest interference with the right of conscience or the functions of religion, so wisely exempted from civil jurisdiction; to preserve in their full energy the other salutary provisions in behalf of private and personal rights, and of the freedom of the press; to observe economy in public expenditures; to liberate the public resources by an honorable discharge of the public debts; to keep within the requisite limits a standing military force, always remembering that an armed and trained militia is the firmest bulwark of republics — that without standing armies their liberty can never be in danger, nor with large ones safe; to promote by authorized means improvements friendly to agriculture, to manufactures, and to external as well as internal commerce; to favor in like manner the advancement of science and the diffusion of information as the best aliment to true liberty; to carry on the benevolent plans which have been so meritoriously applied to the conversion of our aboriginal neighbors from the degradation and wretchedness of savage life to a participation of the improvements of which the human mind and manners are susceptible in a civilized state — as far as sentiments and intentions such as these can aid the fulfillment of my duty, they will be a resource which can not fail me.
Megatrends: Ten New Directions Transforming Our Lives… From an Industrial Society to an Information Society... From Forced Technology to High Tech/High Tech/High Touch... From a National Economy to a World Economy… From Short Term to Long Term… From Centralization to Decentralization… From Institutional Help to Self-Help… From Representative Democracy to Participatory Democracy… From Hierarchies to Networking… From North to South… From Either/Or to Multiple Option.
It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
With the breakdown of money economy the practice of international barter is becoming prevalent.
A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
We have to define that word which good economists always try to avoid: capitalism is that form of private property economy in which innovations are carried out by means of borrowed money.
The economy of the future might be called the "spaceman economy," in which the earth has become a single spaceship, without unlimited reservoirs of anything.