...we see that there are two different kinds of...societies: (a) parasitic societies and (b) producing societies. The former are those which live from hunting, fishing, or merely gleaning. By their economic activities they do not increase, but rather decrease, the amount of wealth in the world. The second kind of societies, producing societies, live by agricultural and pastoral activities. By these activities they seek to increase the amount of wealth in the world.
You May Also Like / View all maxioms
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a read more
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
If your desires be endless, your cares and fears will be so too.
If your desires be endless, your cares and fears will be so too.
The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with read more
The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with money-hating wolves like Lenin, Stalin, and Hitler, who in less than three decades killed or maimed nearly a hundred million men, women, and children and brought untold suffering to a large portion of mankind.
The employer generally gets the employees he deserves.
The employer generally gets the employees he deserves.
Buying is a profound pleasure.
Buying is a profound pleasure.
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
The absolute fundamental aim is to make money out of satisfying customers.
The absolute fundamental aim is to make money out of satisfying customers.
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the read more
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries.
Only the little people pay taxes.
Only the little people pay taxes.
