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"In US we had our share of civil conflicts driven by economic forces. The European immigrants brought slaves from Africa to use them as cheap labor for farming their lands. The color of the skin is only a rationalization for the continuation of the slavery system. All the segregation and discrimination rules against the blacks at that time were made to preserve the existing economic system and the interest of its beneficiaries. Though the American civil war was attributed to states and civil rights, the driving forces behind the war was the conflict of economic interests." »Med Jones
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"One quick and effective solution to the global economic crisis is a global economic and political reset. A global economic reset means that world leaders can come together to agree on debt forgiveness to all nations and restructuring of the global economy. Friends and enemies alike, no exceptions. To be fair to nations with lesser debts, they could be compensated on a ratio basis to enjoy treasury surpluses. A new international trade and reserve currency will probably be established to create a fair global economic system and to implement the reset. This could bring a new era of global prosperity and socioeconomic exchange. This is a much better alternative than currency wars, international hostilities and continuous risks of global socioeconomic shocks." »Med Jones
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"It violates right order whenever capital so employees the working or wage-earning classes as to divert business and economic activity entirely to its own arbitrary will and advantage without, the social character of economic life, social justice, and the common good." »Pope Pius XI
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"Over the long term, if government revenues continue to be more than expenditures (surplus), then the economic health of the country is good, because the government can afford to invest in development projects such as research and development, education and infrastructure. With more income, the government can also afford to lower taxes, which increase corporate profits and attracts more foreign investors, resulting in more economic activities, creating more jobs and enlarging the consumer spending and government revenues overall despite income tax cuts. It is what I call a virtuous economic cycle." »Med Jones
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"Over the long term, if government revenues continue to be more than expenditures (surplus), then the economic health of the country improves, because the government can afford to invest in development projects such as research and development, education and infrastructure. With more income, the government can also afford to lower taxes, which increases corporate profits and attracts more foreign investors, resulting in more economic activities, creating more jobs and enlarging consumer spending and government revenues despite income tax cuts. It is what I call a virtuous economic cycle." »Med Jones
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"geography is just physics slowed down, with a couple of trees stuck in it." »Terry Pratchet, The Last Continent
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"The integrity of states is ruled by the socioeconomic well-being theory. The degree of the stability of any social system is proportional to the degree of its economic growth and vice versa. Stated differently, the risk to national integrity increases proportionally to the country's economic decline." »Med Jones
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"History is philosophy teaching by example, and also warning its two eyes are geography and chronology." »James A. Garfield
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"History is philosophy teaching by example, and also warning; its two eyes are geography and chronology." »James A. Garfield
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"Over the long term, if government revenues continue to be less than the expenditures (deficit), then the economic health of the country worsens because this will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle." »Med Jones
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"Countries that try to spread their ideologies by force, be it religion, socialism, capitalism, democracy or something else, will be overwhelmed by the human and economic cost of conflicts. Those countries will lag behind other countries that are focusing on developing their economies and advancing their interests via global partnerships and trade. With the new global knowledge and global competition, if you take your eye off the economic ball someone else will pick it up." »Med Jones
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"People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development.... But we are coming to realize... that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first." »John Kenneth Galbraith, The Affluent Society (1958)
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"History teaches us that people from different religions and ethnic groups can be united around one economic goal; equality and prosperity for all. We saw that in the rise of the communist USSR. When the economic policies of the USSR failed, ethnic and national divisions took the forefront and the USSR's was dissolved. That could happen to the US if we are hit by hyperinflation or currency collapse. No country is above the socioeconomic laws, US included." »Med Jones
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"The socioeconomic well-being theory explains that when the members of a sociopolitical system share the same economic interests and the existing system produces enough economic opportunities to meet the needs of the members, they are likely to tolerate existing differences and work together towards shared benefits. On the other hand, when the system fails to produce enough economic opportunities over a long period of time, the members of the system are likely to compete more aggressively for existing resources, causing divisions among the members to grow stronger. The degree of social cohesiveness will diminish and divisions could take different forms such as ethnic, religious and geographic conflicts and at times class warfare or civil wars. If not managed properly, such sociopolitical systems can become dysfunctional. If the dysfunction is left untreated, at a certain point it will take more energy to fix the system than to let it collapse.
" »Med Jones
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"Over the long term, if government revenues continue to be less than the expenditures (deficit). This will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle." »Med Jones
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"History teaches us that people from different religions and ethnic groups can be united around one shared economic goal; equality and prosperity for all. We saw that in the rise of the communist USSR. When the economic policies of the USSR failed, ethnic and national divisions took the forefront and the USSR was dissolved. That can happen to the US if we are hit hard enough by hyperinflation and currency collapse. How the divisions evolve and what forms they will take depend on the type and speed of the government's reaction. It is too early to foresee such events. However, it is important to note that no country is above the socioeconomic laws, US included." »Med Jones
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"geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder. (To Canadian Parliament)" »John Fitzgerald Kennedy
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"In our own beginnings, we are formed out of the body's interior landscape. For a short while, our mothers' bodies are the boundaries and personal geography which are all that we know of the world. ... Once we no longer live beneath our mother's heart, it is the earth with which we form the same dependent relationship, relying ... on its cycles and elements, helpless without its protective embrace." »Louise Erdrich
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"Get this (economic plan) passed. Later on, we can all debate it." »President George Bush, to New Hampshire legislators
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"One of the greatest pieces of economic wisdom is to know what you do not know." »John Kenneth Galbraith
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"The only function of economic forecasting is to make astrology look respectable." »John Kenneth Galbraith
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"There can be no real individual freedom in the presence of economic insecurity." »Chester Bowles
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"Human status ought not to depend upon the changing demands of the economic process." »Sir William Temple
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"Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States." »Ronald Reagan
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"America - a great social and economic experiment, noble in motive and far-reaching in purpose." »Herbert Hoover
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"The worst thing that could happen to any economy is the loss of confidence. - [predicting the US economic crisis]" »Med Jones
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"I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain." »John Adams
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"True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made." »Franklin D. Roosevelt
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"Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a world-wide depression all by myself." »Herbert Clark Hoover
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"Advertising is a valuable economic factor because it is the cheapest way of selling goods, especially if the goods are worthless." »Sinclair Lewis
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