Economy Quotes - Page 37

• No vicarious charity can substitute for justice which is due as an obligation and is wrongfully denied.

  Pope Pius XI

  Wisdom, Justice, Politics

  Catholic Church. Pope (1922-1939 : Pius XI), Pope Pius XI (1947). “On reconstructing the social order: (Quadragesimo anno)”

  5 Copy quote

  Show source

• To each, therefore, must be given his own share of goods, and the distribution of created goods, which, as every discerning person knows, is laboring today under the gravest evils due to the huge disparity between the few exceedingly rich and the unnumbered propertyless, must be effectively called back to and brought into conformity with the norms of the common good, that is, social justice.

  Pope Pius XI

  Wisdom, Justice, Evil

  Catholic Church. Pope (1922-1939 : Pius XI), Pope Pius XI (1947). “On reconstructing the social order: (Quadragesimo anno)”

  7 Copy quote

  Show source

• It will be impossible to put these principles into practice unless the non-owning workers through industry and thrift advance to the state of possessing some little property.

  Pope Pius XI

  Wisdom, Practice, Politics

  Catholic Church. Pope (1922-1939 : Pius XI), Pope Pius XI (1947). “On reconstructing the social order: (Quadragesimo anno)”

  4 Copy quote

  Show source

• In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.

  Pope Pius XI

  Hands, Credit, Politics

  4 Copy quote

• The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.

  Pope Pius XI

  Children, Ambition, Greed

  Catholic Church. Pope (1922-1939 : Pius XI), Pope Pius XI (1947). “On reconstructing the social order: (Quadragesimo anno)”

  4 Copy quote

  Show source

• No one can be, at the same time, a sincere Catholic and a true Socialist.

  Pope Pius XI

  Wisdom, Catholic, Politics

  Pope Pius XI (1935). “Forty Years After: Reconstructing the Social Order”

  34 Copy quote

  Show source

• Always moved by religious motives, the Church has condemned the various forms of Marxist Socialism; and she condemns them today, because it is her permanent right and duty to safeguard men from currents of thought and influence that jeopardize their eternal salvation.

  Pope Pius XI

  Wisdom, Religious, Men

  11 Copy quote

• This organic conception of society, the only vital conception, combines a noble humanism with the genuine Christian spirit, and it bears the inscription from Holy Writ which St. Thomas has explained: "The work of justice shall be peace"; a text applicable to the life of a people whether it be considered in itself or in its relations with other nations.

  Pope Pius XI

  Christian, People, Justice

  5 Copy quote

• For the rich men without scruple drew the estate into their own hands, excluding the rightful heirs from their succession; and all the wealth being centred upon the few, the generality were poor and miserable. Honourable pursuits, for which there was no longer leisure, were neglected; the state was filled with sordid business, and with hatred and envy of the rich.

  Plutarch

  Men, Hands, Envy

  Plutarch (2000). “The Lives of the Noble Grecians and Romans, Volume II: (A Modern Library E-Book)”, p.450, Modern Library

  5 Copy quote

  Show source

• For there is no virtue, the honour and credit for which procures a man more odium from the elite than that of justice; and this, because more than any other, it acquires a man power and authority among the common people. For they only honour the valiant and admire the wise, while in addition they also love just men, and put entire trust and confidence in them.

  Plutarch

  Wise, Men, People

  4 Copy quote

• Justice makes the life of such as are in prosperity, power and authority the life of a god, and injustice turns it to that of a beast.

  Plutarch

  Wisdom, Justice, Politics

  Plutarch (2000). “The Lives of the Noble Grecians and Romans, Volume I: (A Modern Library E-Book)”, p.629, Modern Library

  5 Copy quote

  Show source

• Nor let us part with justice, like a cheap and common thing, for a small and trifling price.

  Plutarch

  Wisdom, Justice, Politics

  Plutarch (2015). “Lives of the noble Grecians and Romans: Top Biography”, p.748, 谷月社

  5 Copy quote

  Show source

• Some years ago a top Ford official was showing the late Walter Reuther through the very automates plant in Cleveland, Ohio and he said to him jokingly, "Walter, you'll have a hard time collecting union dues from these machines." and Walter said, "you are going to have more trouble trying to sell automobiles to them." Both of them let it stop there. There was a logical answer to that ... the owners of the machines could buy automobiles and if you increase the number of owners you increase the number of consumers.

  Ronald Reagan

  Wisdom, Hard Times, Numbers

  4 Copy quote

• Over hundred years ago Abraham Lincoln signed the Homestead Act. There was wide distribution of land and they didn't confiscate anyone's privately owned land... We need an industrial Homestead Act.

  Ronald Reagan

  Wisdom, Years, Land

  5 Copy quote

• I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation that anyone's child, even from the humblest of families, could grow up to own a business or corporation.

  Ronald Reagan

  Wisdom, Children, Growing Up

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

  18 Copy quote

  Show source

• 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

  6 Copy quote

• 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

  4 Copy quote

• 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

  4 Copy quote

• The basic struggle today is not between individualism and collectivism, free enterprise and socialism, democracy and dictatorship. These are only the superficial manifestations of a deeper struggle which is moral and spiritual and involves above all else whether man shall exist for the state, or the state for man, and whether freedom is of the spirit or a concession of a materialized society.

  Fulton J. Sheen

  Spiritual, Wisdom, Struggle

  10 Copy quote

• Nothing can do men of good will more harm than apparent compromises with parties that subscribe to antimoral and antidemocratic and anti-God forces. We must have the courage to detach our support from men who are doing evil. We must bear them no hatred, but we must break with them.

  Fulton J. Sheen

  Wisdom, Party, Men

  13 Copy quote

• 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

  23 Copy quote

• 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

  39 Copy quote

• 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

  28 Copy quote

  Show source

• 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

  13 Copy quote

  Show source

• 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

  4 Copy quote

  Show source