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April 10, 2026
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"In the black market for political influence, who did what to whom makes much practical difference. But as the scales of justice are seen by the media world, guilt is not evenly assigned. It is useful to note that, in their coverage of political payments by American companies abroad, who initiates a political payment has not seemed to make much difference to the U.S. media—and, until recently, to the Securities and Exchange Commission."
"Markets work most efficiently and the economy of a country develops best when the price and merits of products and services are the criteria that determine buying and selling—not secret payments to well-placed politicians and government employees."
"While it is true that not everyone in such a country will agree that this is the best way to run the government’s ‘civil service,’ by and large one has to conclude that a system of petty extortion and bribery has become entrenched over time simply because the country and its people have decided that they want it that way."
"The American tendency to equate economic efficiency with moral virtue has deep roots in our history. It helps to explain why Americans so widely embraced the ideology of Adam Smith… Competition in open markets was seen as the most efficient way to allocate limited human resources and to maximize the satisfaction of human wants. Interference with market processes by government officials—whether lawful or illicit—was interpreted as not only inefficient but immoral."
"The Hippies are nonviolent anarchists who withdraw from the mainstream of society into their own communes. They are apolitical, libertarian, anti-industrialist, and essentially parasitic upon society. They have a nostalgic yearning for the smaller, simpler social orders of the past… Feeling and intuition are claimed as the source of their attitudes rather than reason and intellect."
"During the decade of the 1970s, the print and electronic media emerged as an institution comparable in power and influence to the three coordinate branches of government. Shielded by the First Amendment to the U.S. Constitution, the press has become almost invulnerable to the criticism and legislative curbs that limit the power of such other social institutions as business or government. Congressmen, who depend upon the radio and television networks for national visibility, are loath to level criticisms at the media."
"Because internal corruption is endemic to the communist system, it ineluctably conditions privileged elite to the habits of corruption in their external relations with other communist officials in the Eastern bloc countries and with the Western and Japanese businessmen who negotiate with the state enterprises."
"The central them of Humanistic Marxism is the replacement, in the economy, of authoritarian penalties and material incentives with democratic processes and moral incentives…Great stress is laid upon an egalitarian distribution of income and wealth. Everyone is expected to perform some physical work… Corporations are maintained as state-owned facilities under joint government-worker control. Market competition and profit motivation are blunted or obliterated. Authoritarian political methods, officially shunned, are used in some degree to stifle dissent and to enforce industrial discipline provided by market competition in the United States."
"[ Proposition 13 ] would precipitate a revolutionary reform—one long overdue—in California state and local finance… People’s incomes are not closely related to their ownership or use of housing. Hence, the present tax system unjustly burdens the young family with large housing needs and the older couple who want to live in their family home or their retirement pensions. Stability of home or apartment occupancy is an important social goal. The present tax system weakens our society by threatening to force people out of their homes."
"Property tax bills are rising much faster than family incomes…. They threaten to erode away that foundation of American society: the American-owned home…. We must deliver an unmistakable message to our elected representatives that no longer will we permit misuse of the property tax to finance welfare, health, educational and other governmental services that serve all people in our state. Such government spending programs should be paid for by revenues collected from all the people."
"But beginning in the 1960’s, an adverse tide of public opinion began to rise against business… Frustration over the Vietnam War added fuel to the fires of discontent. Suddenly, consumerism, stock-holderism, racial equalitarianism, antimilitarism, environmentalism, and feminism became forces to be reckoned with by corporate managements. For the most part, they replaced the classical ‘isms’—[[w:Socialism | socialism, Communism, syndicalism, fascism—as the main driving forces seeking the reform of the American business system."
"Reformist critics comprise the majority of contemporary critics of American business. To a considerable extent, their demand is not for new or stricter governmental controls, but for attitudes and policies on the part of corporate leaders that are more responsive to public needs. Our society needs reformist critics and the author counts himself among them."
"In assessing business performance, we must keep in mind that ours is a pluralistic society. Indeed, the maintenance of pluralism by the diffusion of power among diverse institutions is itself a national goal. In such a society, each institution tends to specialize in the performance of those tasks in which it has a comparative advantage. The society is a highly complex system of interacting subsystems and institutions, in which the performance of each is affected by that of others. Hence, the business corporation should be assessed primarily with reference to the performance of its unique function of production, taking into account the effects of other institutions, such as governments and labor unions, upon its performance; no institution in a pluralistic society should be evaluated in isolation."
"The American credo is one of faith in institutional pluralism and of mistrust of large size and concentrated power, political or economic. The growth of giant institutions has always been viewed with apprehension, even though it has been for the most part the natural product of rising populations and income, and of technological changes that created economies of larger scale."
"At the end of 1968, the United States contained about 1.6 million active, profit-seeking corporations and about 200 million people—one corporation for each 126 persons."
"The growth of the British company population was not interrupted, as it was in the United States, by the economic depression of the 1930’s and World War II. By the middle 1960’s, the United Kingdom was more densely populated with companies in relation to its human population than was the United States, although the reverse had been true in 1935."
"The largest corporations, like companies of lesser size, are a changing rather than a static group. Their annual turnover rate reflects the rise or decline of management and the vagaries of business fortune. Of the hundred largest industrial corporations in 1909, only thirty-six remained on this list in 1948. And, of the top hundred companies in 1948, only sixty-five continued to hold this ranking in 1968."
"It comes as a shock to many, therefore to learn that the majority of the labor force in the United States works for government, unincorporated business, nonprofit institutions, or are self-employed. Less than half of the total labor force was employed in the entire corporate sector in 1969.Less than one-quarter worked for ‘large companies,’ defined for present purposes as those employing more than two hundred people."
"During the recent nineteen-year period from 1950 to 1969, corporate profits, both before and after taxes, formed a shrinking proportion of the national income."
"Modern management science has made it feasible for corporations to expand the scope and variety of their operations. It has created new economies of scale through which larger aggregations of men, materials, and funds can be efficiently deployed and controlled over larger areas."
"A fourth factor underlying the merger wave of the 1960’s was the steep rise in the load of corporate income taxation since World War II. In 1940, the effective federal corporate income-tax rate was 27 percent; in 1968, it was 50 percent. Rates of state and local taxes on business incomes have risen commensurately."
"The Multinational corporationis, among other things, a private ‘government,’ often richer in assets and more populous in stockholders and employees than some of the nation-states in which it carries on business. It is simultaneously a ‘citizen’ of several nation-states, owning obedience to their laws and paying taxes to their treasuries, yet having its own objectives and being responsive to a top management that may be located in another nation. Small wonder that some critics see in the multinational corporation an instrument of irresponsible private economic power, or even an agent of economic ‘imperialism’ by its home country. Others view it as an international carrier of advanced management science and technology, an agent for the global transmission of cultural values, bringing closer the day when a common set of ideals will unite mankind."
"A corporate manager, interested in playing a numbers game with stock price-earnings ratios for quick profits, is able to inflate current reported profits at the expense of future profits. The methods are legion: shift from accelerated to straight-line depreciation; defer or stretch out maintenance expense; deplete inventories held at low cost; sell assets for ‘one-shot’ income. Excessive flexibility in permissible accounting methods creates opportunities for misleading reports of profits."
"Because some conglomerate, and other, mergers have proved to be unsound and failed. It has been proposed that government should prohibit such mergers. But there is no feasible way to identify bad mergers in advanced; only time and the test of market competition reveal them."
"If big businesses in concentrated industries truly behaved as oligopolists, one would find higher prices, persistently higher profits, more extensive advertising, and less product innovation among such industries than among unconcentrated industries. However, the facts show either the contrary or insignificant differences. During the period of price inflation from 1965 to 1970, prices rose most in the unconcentrated industries."
"The multinational corporation is, beyond doubt, the most powerful agency for global economic unity that our century has produced. It is fundamentally an instrument of peace. Its interest is to emphasize the common goals of peoples, to reconcile or remove differences between them. It cannot thrive in a regime of international tension and conflict. The instrumentality of multinational business is man’s best hope of achieving political unity on this shrinking planet."
"The primary difficulty is the problem of determining what the interest of business is.At any given time, business corporations are split on many national issues; there does not appear to be a monolithic ‘business interest.’ Thus, petroleum companies have opposed liberal oil import quotas, while petrochemical companies have favored them in order to obtain less expensive feedstocks; steel companies have sought restraints upon imports of foreign steel, whereas automobile companies and other large users of steel have fought them; and even with respect to such matters as labor union legislation or antipollution regulation, businessmen are far from presenting a united front because firms in some industries are much more deeply affected than those in other industries."
"A second drastic reduction in the political power of American corporate business occurred during the Great Depression of the 1930’s. This crisis shook the faith of the American people in the capability of its industrial and financial leaders, even in the enterprise system itself… Roosevelt sought to make political capital of the popular disillusionment with business; and he made business a scapegoat for errors of federal economic policy that had deepened and prolonged the depression."
"In a world market that was free of all taxes, royalties, or other governmental constraints, and in which competition was effective, the price of oil would be very low. But the real-world market for oil is dominated by high taxation by the oil-exporting nations, and, since 1972, by concerted efforts of the members of the OPEC to raise prices and to restrict output. Because of effective competition in the industry and the power of OPEC, an international oil company today has relatively little influence on the price of oil to consumers."
"During the war years, the United States government gave serious thought to acquiring a direct interest in Arabian [oil] reserves."
"How did it come about that only a few international oil companies held concessions to all of this region Middle East at the end of World War II? The answer lies in the bitter struggle of the United States government to gain an entrance for its nationals into the British-dominated Middle East, a struggle which very significantly shaped the structure of the industry as it emerged from World War II."
"Motivated partly by the decision to convert its navy from coal to oil, the British government ultimately acquired a major interest in what was then the only oil-producing company in the Middle East."
"In 1949 coal met nearly two-thirds of the world’s energy needs, oil less than one-quarter, and natural gas about one-tenth, with water power a residual 2 percent. By 1971 the use of coal had dropped to one-third of world energy consumption, while the use of oil had risen to 43 percent and natural gas to 21 percent."
"Proven crude oil reserves in the foreign non-Communist world were estimated to be just under 41 billion barrels at the end of 1948; they had increased sixfold to 250 billion barrels by 1962 and then more than doubled this amount to 522 billion barrels by 1972. This increase over a twenty-four-year period was equivalent to an average annual compound growth rate of 11.2 percent—a spectacular expansion of the non-Communist world’s oil stock outside the United States and Canada."
"Because exporting and importing nations have conflicting goals, and the interests of individual countries within each group are not identical, United Nations efforts to regulate the industry have not been successful."
"Foreign oil companies suffered major expropriations of their property during the postwar period, usually without payment of full compensation to the private owners. These episodes—the most significant were in Algeria, Ceylon, Cuba, Egypt , Iran, Libya, and Peru—followed by many years the first major oil industry expropriation by the Bolshevik government of Russia in 1918 and a second major expropriation of foreign oil properties by the Mexican government in 1938. All illustrated the great latent power of governments over the international oil companies and the reality of the political risks inherent in the industry."
"The competition of government oil companies with private enterprises was often buttressed by monopoly privileges, public preferences, low-priced capital, special tax benefits, or freedom from the commercial obligation to earn a normal return on investment. These government companies, regardless of whether they had complete or partial monopolies of oil production and trade in their own countries, were part of the structure of the foreign oil industry. They could not be dismissed as ‘noncompetitive’ with private oil enterprises."
"Before World War II, the United States Gulf and the Caribbean were the foreign world’s primary sources of crude oil. Eastern Hemisphere consumption was relatively small and yet its crude oil production supplied less than half of its petroleum needs."
"The postwar burgeoning of oil enterprises throughout the world wrought important changes in the structure of the foreign oil industry. Competitors multiplied, concentration of the industry was reduced, and the market positions of the ‘seven largest’ companies shrank."
"Political payments by multinational companies in foreign nations have long been a pervasive practice; but a cultural taboo against discussion of the subject, combined with a lack of public information, has created a vacuum in public understanding."
"The in property disputes moved slowly if that was the wish, as it often was, of the . He was allowed three formal (always accepted) s, excuses why he could not appear before his case was declared forfeit."
"Despite its s and popes and kings, tenth-century Europe had a patrimonial, nucleated society based on the domination by great aristocratic families over everything (even the church) within their own territorial domains. Bastard sons and younger brothers of the local lords became s or s of local churches and . Religion, as well as government and economy and law, was dominated by the great families. Everything belonged to the lords, who became more greedy and aggressive—particularly on their own estates—as the years went by."
"Whatever the was—or continues to be—it still remains with us in its original form. Since the advent of s in the 1940s bubonic plague is very rare in the U.S.A., although there are still substantial outbreaks in eastern Asia, especially India. But in the 1980s there were three documented cases in the hill country of eastern California. One woman came down with the bubonic plague after she ran over a squirrel with a power mower. It is likely that the disease entered California at some port on a traveling on a ship from eastern Asia."
"Is historical writing to be addressed to a small group of academics or is it to be communicated to the educated world at large? I stand with the latter proposition, that history books are communicable to and accessible by the educated public at large. The ultimate task and obligation of a historian is to bring this kind of illumination to as wide an audience as possible."
"In 1302 Dante left in exile, accused of graft, embezzlement, opposition to the pope, and disturbance of the peace of Florence. Dante's two greatest works, ' and the Divine Comedy, were both written during his exile. The shock of expulsion from his native city and his bitterness and disappointment forced Dante to reconsider his views on the individual and society, and these two works exhibit a maturity and profundity that is lacking in his early lyric poetry."
"This is when false equivalence fails to recognise not only the unbridled state-backed violent but also its farcical nature. To counter false equivalence and to assert what happened in Delhi was an anti-Muslim pogrom, we do not have to take the morally dubious position of denying that there has been the loss of innocent lives among Hindus as well (after all, what can be more heartbreaking than losing a 15-year old boy – the youngest victim of the violence, Nitin Kumar – who was killed while stepping out to buy food), or that the victims are not capable of brutality. But to remain at the level of a statistical apportioning of grief, or false equivalence is to fundamentally misread the nature of the beast which has succeeded in replacing every critical problem in India with the narrative of a Hindu-Muslim war, and which has produced suffering even among the oppressors."
"The narrative of is persisted with regard to the Delhi violence, despite the overwhelming evidence of the police acting emphatically in favour of one side."
"These are the times when on the most watched primetime television news debates every night, it is absolutely normal for the anchors and BJP spokespersons to call Muslim panelists terrorists and anti-nationals. [...] These are the times when a Union minister can declare that Rahul Gandhi is the son of a Muslim. Of course, the insinuation is that being a Muslim is a crime – plain and simple. To focus only on the Kapil Mishras, s, and the Parvesh Vermas, as if they are some elements which have gone rogue, is to miss that they are totally in sync with the discourse authored and sanctioned by none less than the prime minister of the Indian republic. Whenever confronted with this stark reality, Hindutva supporters respond with whataboutery."
"To place the responsibility of violence on the illiterate, poor and unemployed mobs is to completely miss the pathologies amongst us, the privileged and the powerful, which are the greatest enablers of violence."
"is denied through false equivalence."