Economics

"Alongside their work on pure economic theory, the classical political economists engaged in a parallel project: to promote the forcible reconstruction of society into a purely market-oriented system. ... Most people in Britain did not enthusiastically engage in wage labor—at least so long as they had an alternative. To make sure that people accepted wage labor, the classical political economists actively advocated measures to deprive people of their traditional means of support. ... Perhaps because so much of what the classical economists wrote about traditional systems of agricultural production was divorced from the seemingly more timeless remarks about pure theory, later readers have passed over such portions of their works in haste. ... I argue that these interventionist recommendations were a significant element in the overall thrust of their works. Specifically, classical political economy advocated restricting the viability of traditional occupations in the countryside to coerce people to work for wages."

"What six drains on wealth do they avoid? Habitually engaging in the following things is a drain on wealth: drinking alcohol; roaming the streets at night; frequenting festivals; gambling; bad friends; laziness."

"Selling poison, selling weapons, selling living beings, selling alcohol, selling meat, and, without having inspected (first), pounding sesame and mustard seed (and so on) is wrong livelihood, abstaining from it is right livelihood."

"At that time in the great city of Vaishali there was a rich man named Vimalakirti. [...] In a spirit of trust and harmony he conducted all kinds of business enterprises, but though he reaped worldly profits, he took no delight in these."

"The stinking puddle from which usury, thievery and robbery arises is our lords and princes. They make all creatures their property—the fish in the water, the birds in the air, the plant in the earth must all be theirs. Then they proclaim God's commandments among the poor and say, "You shall not steal.""

"Whites have inherited wealth that was ostensibly generated on the backs of African Americans. What's passed down through generations is an abdication of responsibility for this legacy and for the spoils that even working-class whites continue to reap from it. The situation is akin to finding a bloodied bag of money at your doorstep every month and spending it freely without seriously questioning where it came from or whose blood has been spilled to make it possible."

"Land monopoly—in the hands of individuals, corporations or syndicates—is at bottom the prime cause of the inequalities which obtain; which desolate fertile acres turned over to vast ranches and into bonanza farms of a thousand acres, where not one family finds a habitation, where muscle and brain are supplanted by machinery, and the small farmer is swallowed up and turned into a tenant or slave. While in large cities thousands upon thousands of human beings are crowded into narrow quarters where vice festers, where crime flourishes undeterred, and where death is the most welcome of all visitors."

"For [Adam] Smith, who wrote before the time of mass advertising and professional PR departments, the strategic creation of shared sentiments does not seem to be a major issue. Today, however, it seems that there is a growing imbalance between individuals and organizations that are extremely good at attracting sympathy and attention from others, with the help of high-quality training and professional advisors, and others who are unable to articulate their sentiments in a way that elicits sympathy from others. But the genuineness of sympathy of organizations and individuals that manufacture it can be doubted: their aim might be to initiate economic exchanges that the other party maybe would not agree to if it was not for the manufactured sentiments of those who offer these goods or services. The unequal ability to attract sympathy constitutes an imbalance of power in commercial societies that often aggravates the situation of those already disadvantaged in terms of human capital and material resources."

"You do not wipe away the scars of centuries by saying, "Now you are free to go where you want, and do as you desire, and choose the leaders you please." You do not take a person who, for years, has been hobbled by chains and liberate him, bring him up to the starting line of a race and then say, "You are free to compete with all the others," and still justly believe that you have been completely fair. Thus it is not enough just to open the gates of opportunity. All our citizens must have the ability to walk through those gates. And this is the next and the more profound stage of the battle for civil rights. We seek not just freedom but opportunity. We seek not just legal equity but human ability, not just equality as a right and a theory, but equality as a fact, and equality as a result."

"Someone who grows in money and grain, in wives, children, and livestock, is wealthy, famous, and respected by relatives and friends, and even by royals. When someone grows in faith and ethics, wisdom, and both generosity and learning— a good man such as he sees clearly, and in the present life he grows in both ways."

"Abraham Lincoln and others recoiled from the idea of government as a prop for the rich. In organizing the Republican Party, they highlighted the equality of opportunity promised in the Declaration of Independence and warned that a healthy economy depended on widespread prosperity. Northerners and hardscrabble westerners flocked to that vision, and elected Lincoln to the White House in 1860."

"American families are in the process of passing along a $9 trillion legacy from one generation to the next. ... Hand in hand with this money, I submit, what is really being handed down from generation to generation is the profound legacy of reproducing racial inequality. The legacy is difficult to discern because the language of family heritage hides it from our political consciousness."

"The Republican Party is part of a larger American discussion about the tension between equality of opportunity and protection of property. ... Republicans began with the idea that they would be the political arm of the Declaration of Independence's equality of opportunity. Throughout their history, three times now, they have swung from that pole through a sort of racist and xenophobic backlash against that principle, tied themselves to big business, and come out protecting the other American principle, which is the protection of property."

"I haven't come here, gentlemen, to represent anybody but the State of Pennsylvania and the people, to preserve the peace. I come here to protect the railroads in opening travel on their property, just as I would have done for any citizen who was illegally obstructed in the enjoyment of his rights or property. If anybody wants to work, he should be allowed to do so, or if he wants to quit work, it is his right to do so, and is is my duty to see that every man's rights shall be preserved."

"Whereas, we, the employees of the Delaware, Lackawanna and Western Railroad Company, believe that we are not getting a just remuneration for our labor or a sufficient supply for ourselves and families of the common necessaries of life, therefore Resolved, That we demand twenty-five pet cent. advance on the present rate of wages; also it is further Resolved, That with a refusal of these demands all work will be abandoned from date, as we have willingly submitted to the reduction and without murmur or resistance and finding that it now fails us to live as becomes citizens of a civilized Nation we take these steps in order to supply ourselves and little ones with the neccesaries of life."

"Oh God! Isn't this a black sight for my poor heart."

"In view of the excitement throughout the country occasioned by the labor troubles and the lamentable loss of life and property in our own and other States, it become the duty of all good citizens to use their best efforts to preserve peace and uphold the law. Recognizing, as every one must, the unfortunate condition of the business, and financial interests of all classes of the community, and especially the hardship and suffereing of the laboring men, we must yet unitein maintaining to the fullest extent the majesty of the law and the protection of life and property. I therefore earnestly urge all good citizens, and especially the workingmen themselves, to abstain from all excited discussion of the prominent question of the day. The laboring men of our city are vitally interested in the preservation of peace and good order and the prevention of any possible destruction of property. I trust the leading men among the workingment fully realize that the interests of the whole city are their interests, and that any riot or destruction of life or property can work only injury to all classes and to the good name of our city. Every taxpayer will realize that any destruction of property will have to be paid for by the city, and would by so much increase the burden of taxation. In one day Pittsburgh has put upon herself a load that her taxpayers will struggle under for years. I again earnestly urge upon men of all clases in our city the necessity of sober, careful thought and the criminal folly of any precipitate action."

"The general public opinion, as expressed to me, seems not to apprehend any violence or danger unless a too free use of liquor shall be indulged in; and at the request of committees of the workingman's organizations and others, who have called upon me this morning, requesting me to close all places where liquor is sold. I, therefore, in compliance with said request, ask of you to close your bars, and to strictly abstain from the selling of all kind of liquor for the present."

"The miners resolved to stop work, which they had a perfect right to do. But when they formed a combination to prevent others from working and the mines from operating, they committed a crime.""

"It must be plain to you from the evidence, that this was no peaceful meeting of men for peaceful ends in Scranton on the 1st of August. If it were so, there was and could be no riot. On the contrary, it was an unlawful assemblage, destructive in its tendency, deadly in its purposes. It was a riotous meeting, and every man was a rioter who refused to help to quell it."

"I hereby order all places of business to be immediately closed and all good citizens to hold themselves in readiness to assemble at my headquarters, at the office of the Lackawanna Iron and Coal Company, upon a signal of four long whistles from the gong at the blast furnaces."

"Whereas, by a call dated July 25, 1877, the Mayor of this city has called upon the businessmen for organization; and whereas, the present state of affairs in the city and vicinity warrants a feeling of insecurity on the part of the business portion of the community; and although a creditable determination is express by all parties to the present conflict of interests, and while we have the fullest confidence in their good faith, still we feel that an organization, on our part, will present tangible support to their efforts in sustaining the legal authorities in preserving peace and good, order, and, will guarantee protection to property in the event of intrusion from such elements of discord as might present themselves. We, therefore, proffer our services as a company, to be known as the "Scranton Citizen Corps" in the furtherance of the objects above set forth."

"When a riot is running through a city there can be no neutrals; every man must be on one side or the other. He must be for peace or discord. He must be willing to shed his blood for law and order, or be the abettor of lawlessness and destruction. To be brief, it is even riotous to be found on nither side.""

"Dear Sir, I have the favor of the 1st...you will thank Mr. Taylore and the other gentlemen most heartily for their kind expressions. The paper and dispatches will have posted you as to our actions of yesterday. The troops arrived this morning, and a great fright has been lifted from our minds. Our treatment by the local force has been simply infamous."

"There can be no cause for apprehension, gentlemen; that meeting, I doubt not, is held by order of the miners' committee, and I have no doubt of its orderly intentions."

"The boys of the firing squad and members of the Citizens' Corps, had hardly been relieved from immediate duty by the arrival of Gen. Brinton and his command, when we found that we had to answer at the bar of public opinion, for what we thought had been both courageously and patriotically done."

"The great trouble here in Scranton is our population, an excess of miners for the work to be done.""

"Fossil fuels have leveraged human power and ingenuity to a remarkable degree. Their discovery and accelerating utilization utterly transformed lifestyles, achievements, and even how we perceive ourselves as a species. Yet, one thing we know for certain about fossil fuels is that they are a finite resource on this planet—slowly developed in select locations over hundreds of millions of years and being used about a million times faster than the rate of production. We know that we have already consumed a sizable fraction of the initial inheritance: perhaps now halfway through the irreplaceable allotment of oil. So we know that this phase of the human adventure is a temporary one."

"We are already experiencing huge cost externalities from population hypergrowth and profligate fossil fuel use in the form of environmental devastation. Of the earth’s estimated 10 million species, 300,000 have vanished in the past fifty years. Each year, 3,000 to 30,000 species become extinct, an all-time high for the last 65 million years. Within one hundred years, between one-third and two-thirds of all birds, animals, plants, and other species will be lost. Nearly 25 percent of the 4,630 known mammal species are now threatened with extinction, along with 34 percent of fish, 25 percent of amphibians, 20 percent of reptiles, and 11 percent of birds. Even more, species are having population declines. Environmental scientists speak of an “omega point” at which the vast interconnected networks of Earth’s ecologies are so weakened that human existence is no longer possible."

"Everything characteristic about the condition we call modern life has been a direct result of our access to abundant supplies of cheap fossil fuels. Fossil fuels have permitted us to fly, to go where we want to go rapidly, and [to] move things easily from place to place. Fossil fuels rescued us from the despotic darkness of the night. They have made the pharaonic scale of building commonplace everywhere. They have allowed a fractionally tiny percentage of our swollen populations to produce massive amounts of food. They have allowed us to develop industries of surpassing ingenuity and to push the limits of what it even means to be human to the strange frontier where man imagines himself into a kind of machine immortality. All of the marvels and miracles of the twentieth century were enabled by our access to abundant supplies of cheap fossil fuels. Even the applied technology of atomic fission, which came along in the mid-[20th-]century, would have been impossible without fossil fuels and may be impossible to continue very long into the future without them. The age of fossil fuels is about to end. There is no replacement for them at hand. These facts are poorly understood by the global population preoccupied with the thrum of daily life, but tragically, too, by the educated classes in the United States, who continue to be by far the greatest squanderers of fossil fuels. It is extremely important that we make an effort to understand what is about to happen to us because it will have earth-shaking repercussions for the way we live, the way the world is ordered, and whether the very precious cargo of human culture can move safely forward into the future."

"Fossil fuels opened the door to widespread mechanization and electrification, completely transforming our way of life. As central as their role has been, it is difficult to claim that many of the benefits we enjoy today—whether health care, technology, scientific knowledge, or comfortable living standards—would have been possible without them. Much that we celebrate in this world rode on the back of fossil fuels."

"At present population levels, we are putting unprecedented pressure on finite resources. We are conducting a grand-scale, unauthorized experiment on the 4.5 billion-year-old planet. The fact that we have not hit the bounds in a few generations of outrageous growth should not be taken as evidence for our long-haul prospects. We live like kings today, on the backs of [at least] roughly 100 energy slaves each (human metabolism is 100 Watts, but Americans enjoy 10 KW of continuous power). Our richness is very much tied to surplus energy availability, and that so far has been a story of finite [hydrocarbon-based] fossil fuels. But even under solar power, we can’t continue our track record of 3% energy growth per year for even several hundred years! Global physical limits—thermodynamic, energy return on energy invested, finite arable land, water, fisheries, climate change, etc.—are all asserting themselves to remind us that nature doesn’t care about our dreams."

"Our fossil fuel bonanza has left our ecosystem in a perilous state. We have destroyed vast forests and habitat, polluted water and soil, kicked off a rapid climate trend that natural systems may not adapt to quickly enough, and basically overrun the planet. […] 96% of mammal mass on the planet is now in the form of humans and our livestock, leaving a paltry 4% of wild mammals—land and sea. Roughly 70% of vertebrate numbers have vanished since 1970 (undoubtedly a higher fraction if the survey had started in 1700). Forests are also way down."

"We may well call it black diamonds. Every basket is power and civilization. For coal is a portable climate. It carries the heat of the tropics to Labrador and the polar circle; and it is the means of transporting itself withersoever it is wanted. Watt and Stephenson whispered in the ear of mankind their secret, that a half-ounce of coal will draw two tons a mile, and coal carries coal, by rail and by boat, to make Canada as warm as Calcutta, and with its comfort brings its industrial power."

"This generation has altered the composition of the atmosphere on a global scale through radioactive materials and a steady increase in carbon dioxide from the burning of fossil fuels."

"It seems to me we need something like the Manhattan Project. We need some urgency saying, "Here's what we should be doing. We've got to get off fossil fuels.""

"Environmental and are at root social crises. They are caused by profound problems in the social world, by elites, and the hierarchical control of decision-making and allocation of resources in profit-driven, expansionistic, ecocidal capitalist societies. As social problems, environmental crises require social solutions, namely radical political change seeking to create just, democratic, and sustainable societies. What we today call “natural disasters,” are at [the] root [of] social disasters that must be addressed if we are to solve the global . We must not only transform our and speciesist identities, our arrogant and vainglorious forms of human supremacism and pathological alienation, we must also transform our growth-oriented, profit-driven, meat-based, fossil fuel addicted societies. For millennia, the western world above all has lived by the philosophy of humans first, even humans only. It is now time for a new philosophy of earth first whereby humanity begins the arduous process of -- radically reducing their population numbers and consumption levels, rewilding natural environments and reserving vast habitats for wildlife alone, and shifting from a growth-oriented to a steady-state sustainable economy."

"At issue is not whether the global economy will pass away. It is passing away. Rising populations and debt combined with depletion of freshwater sources and fossil fuel make the status quo untenable. The only question is whether civil society will survive the transition."

"We have a moral responsibility to help working families in the fossil fuel industry find new jobs."

"To control global warming, only one solution: stop burning fossil fuels."

"We have a moral responsibility to stand up to the fossil fuel industry and leave our children a healthy and habitable planet."

"It has not been a great week. I know that I should have handled this better, I could have handled this better... I know there are lessons to learn and I will learn them... Don't blame Number 10 Downing Street or nameless advisers, blame me... I want to be open... I was obviously very angry about what people were saying about my dad. I loved my dad, I miss him every day... He was a wonderful father and I'm very proud of everything he did. But I mustn't let that cloud the picture. The facts are these: I bought shares in a unit trust, shares that are like any other sorts of shares and I paid taxes on them in exactly the same way... I sold those shares. In fact, I sold all the shares that I owned, on becoming prime minister... Later on I will be publishing the information that goes into my tax return, not just for this year but the years gone past because I want to be completely open and transparent about these things... I will be the first prime minister, the first leader of a major political party, to do that and I think it is the right thing to do."

"Everything I’m doing is legal, it’s a perfectly legitimate structure."

"In tax havens, boundaries between what’s legal and illegal become very blurred. The recent leak on the Panama Papers revealed how international leaders, celebrities and businessmen from all over the world were using offshore companies to avoid making their assets public and, in some cases, potentially to dodge tax or hide illegal activities. Panama is where criminal capitalism and legal capitalism become one."

"John Doe: Hello. This is John Doe. Interested in data? Süddeutsche Zeitung: We're very interested. John Doe: There are a couple of conditions. My life is in danger. We will only chat over encrypted files. No meeting, ever. The choice of stories is obviously up to you. Süddeutsche Zeitung: Why are you doing this? John Doe: I want to make these crimes public. Süddeutsche Zeitung: How much data are we talking about? John Doe: More than anything you have ever seen."

"The cat's out of the bag... So now we have to deal with the aftermath."

"Economism is the view that the economy is the most important part of society and that the other dimensions such as politics and education should serve it. Economism has become the ruling ideology, not because of claims of economists, but because of the decisions of political leaders, financiers, corporate leaders, and the general public."

"I had before me the product of two mutually exclusive philosophies. Economism would insist that having made the perfect pencil, Thoreau should make more pencils and sell them for money with which to buy more material to make still more pencils to sell for money to buy still more material, and so on, because the making and selling of pencils is the whole content of life. Thoreau did not believe it is the whole content of life. It was clear that economism's philosophy was the only one which my companion was capable of accepting. Detach him from his particular specialised practice of it, and existence would have no further meaning for him; and in this he was representative of the great bulk of society in this present age."

"There has never been a time in history when more of our "culture" was as "owned" as it is now. And yet there has never been a time when the concentration of power to control the uses of culture has been as unquestioningly accepted as it is now."

"The law locks up the hapless felon"