Economy Quotes - Page 34

• Meanwhile, what about the workers in those state monopolies that are being put up for sale? I am reminded of a technique for employee ownership that has worked well for many U.S. companies. It goes by various names, but the best known is "Employee Stock Ownership Program," or ESOP.

  Ronald Reagan

  Wisdom, Names, Technique

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• Our economic assistance must be carefully targeted, and must make maximum use of the energy and efforts of the private sector... Economic freedom is the world's mightiest engine for abundance and social justice... Developing countries need to be encouraged to experiment with a growing variety of arrangements for profit sharing and expanded capital ownership.

  Ronald Reagan

  Country, Wisdom, Justice

  United States. President (1981-1989 : Reagan), United States. President (1981-1989 : Reagan)., Ronald Reagan, United States. Office of the Federal Register (1982). “Ronald Reagan”

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• Our Founding Fathers well understood that concentrated power is the enemy of liberty and the rights of man. They knew that the American experiment in individual liberty, free enterprise and republican self-government could succeed only if power were widely distributed. And since in any society social and political power flow from economic power, they saw that wealth and property would have to be widely distributed among the people of the country. The truth of this insight is immediately apparent.

  Ronald Reagan

  Country, Wisdom, Father

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• Could there be anything resembling a free enterprise economy, if wealth and property were concentrated in the hands of a few, while the great majority owned little more than the shirts on their backs?

  Ronald Reagan

  Wisdom, Hands, Majority

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• Could there be anything but widespread misery, where a privileged few controlled a nation's wealth, while millions labored for a pittance, and millions more were desperate for want of employment?

  Ronald Reagan

  Wisdom, Employment, Politics

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• It should be clear to everyone that the nation's steadfast policy should afford every American of working age a realistic opportunity to acquire the ownership and control of some meaningful form of property in a growing national economy.

  Ronald Reagan

  Meaningful, Wisdom, Opportunity

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• This is not to say that the government should confiscate from the "haves" and bestow upon the "have-nots", beyond the requirements of a compassionate welfare program to provide for those who cannot provide for themselves. Far from it. But it is to say that our duty is to foster a strong, vibrant wealth-producing economy which operates in such a way that new additions to wealth accrue to those who presently have little or no ownership stake in their country.

  Ronald Reagan

  Country, Strong, Government

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• The people of Central America - and, in a broader sense, the entire developing world - need to know first-hand that freedom and opportunity are not just for the elite, but the birthright of every citizen; that property is not just something enjoyed by a few, but can be owned by any individual who works hard and makes correct decisions.

  Ronald Reagan

  Hard Work, Opportunity, Hands

  United States. President (1981-1989 : Reagan), Ronald Reagan (1982). “Ronald Reagan”

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• Today it is difficult to find leaders who are independent of the forces that have brought us our problems: The Congress, the bureaucracy, the lobbyists, big business, and big labor.

  Ronald Reagan

  Wisdom, Independent, Leader

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• Insofar as human beings flower on the ground of freedom, justice guards that ground. Insofar as human beings flower in the soil of community, justice tends that soil. Justice makes possible a social order that people can truly be said to share freely.

  Jeffrey H Reiman

  Wisdom, Flower, Order

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• We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.

  Walter Reuther

  Believe, Creating, Expectations

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• Profit sharing in the form of stock distributions to workers would help to democratize the ownership of America's vast corporate wealth which is today appallingly undemocratic and unhealthy.

  Walter Reuther

  America, Politics, Profit Sharing

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• Labour, like all other things which are purchased and sold... has its natural and its market price.

  David Ricardo

  Wisdom, Politics, Natural

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.86

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• The last point for consideration is the supposed disposition of the people to interfere with the rights of property. So essential does it appear to me, to the cause of good government, that the rights of property should be held sacred, that I would agree to deprive those of the elective franchise against whom it could justly be alleged that they considered it their interest to invade them.

  David Ricardo

  Wisdom, Rights, Government

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.554

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• Taxation has its limitations as a method of achieving better economic distribution since for this purpose it is essentially remedial. We must also take a positive approach by finding new ways to spread ownership of future capital growth more broadly in our society.

  John D. Rockefeller

  Wisdom, Growth, Purpose

  John D. Rockefeller (1973). “The second American revolution: some personal observations”, Harpercollins

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• Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth.

  John D. Rockefeller

  Wisdom, Mean, Commitment

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• Let us not confuse objectives with methods. Too many so-called leaders of the nation fail to see the forest because of the trees. Too many of them fail to recognize the vital necessity of planning for definite objectives. True leadership calls for the setting forth of the objectives and the rallying of public opinion in support of these objectives.

  Franklin D. Roosevelt

  Wisdom, Support, Tree

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• Do not confuse objectives with methods. When the nation becomes substantially united in favor of planning the broad objectives of civilization, then true leadership must unite thought behind definite methods.

  Franklin D. Roosevelt

  Wisdom, Civilization, Favors

  Roosevelt, Franklin D. (1941). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1937, Volume 6”, p.646, Best Books on

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• We need enthusiasm, imagination and the ability to face facts, even unpleasant ones, bravely. We need to correct, by drastic means if necessary, the faults in our economic system from which we now suffer. We need the courage of the young. Yours is not the task of making your way in the world, but the task of remaking the world which you will find before you. May every one of us be granted the courage, the faith and the vision to give the best that is in us to that remaking!

  Franklin D. Roosevelt

  Wisdom, Mean, Giving

  Franklin D. Roosevelt's Oglethorpe University Commencement Address, May 22, 1932.

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• A program whose basic thesis is, not that the system of free enterprise for profit has failed in this generation, but that it has not yet been tried!

  Franklin D. Roosevelt

  Wisdom, This Generation, Generations

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• The good citizen will demand liberty for himself, and as a matter of pride he will see to it that others receive the liberty which he thus claims as his own. Probably the best test of true love of liberty in any country is the way in which minorities are treated in that country. Not only should there be complete liberty in matters of religion and opinion, but complete liberty for each man to lead his life as he desires, provided only that in so doing he does not wrong his neighbor.

  Theodore Roosevelt

  Wisdom, Country, Pride

  Citizenship in a Republic - The Man in the Arena, delivered 23 April 1910, Le Sorbonne, University of Paris

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• We can just as little afford to follow the doctrinaires of an extreme individualism as the doctrinaires of an extreme socialism.

  Theodore Roosevelt

  Wisdom, Politics, Littles

  Citizenship in a Republic - The Man in the Arena, delivered 23 April 1910, Le Sorbonne, University of Paris

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• Just as little can we afford to follow the doctrinaires of an impossible - and incidentally of a highly undesirable - social revolution which, in destroying individual rights - including property rights - and the family, would destroy the two chief agents in the advance of mankind, and the two chief reasons why either the advance or the preservation of mankind is worthwhile.

  Theodore Roosevelt

  Rights, Two, Agents

  Theodore Roosevelt (2012). “African and European Addresses”, p.182, tredition

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• The best lesson that any people can learn is that there is no patent cure-all which will make the body politic perfect, and that any man who is able glibly to answer every question as to how to deal with the evils of the body politic is at best a foolish visionary and at worst an evil-minded quack.

  Theodore Roosevelt

  Men, People, Evil

  Theodore Roosevelt (2006). “History as Literature and Other Essays”, p.191, Cosimo, Inc.

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• Much of the discussion about socialism and individualism is entirely pointless, because of failure to agree on terminology.

  Theodore Roosevelt

  Wisdom, Politics, Individualism

  Theodore Roosevelt (2012). “African and European Addresses”, p.70, tredition

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