Economic Growth Quotes

“When learning is purposeful, creativity blossoms. When creativity blossoms, thinking emanates. When thinking emanates, knowledge is fully lit. When knowledge is lit, economy flourishes.”
― A.P.J. Abdul Kalam, Indomitable Spirit

“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.

The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.”
― Noam Chomsky

“Perhaps the answer is that it is necessary to slow down, finally giving up on economistic fanaticism and collectively rethink the true meaning of the word “wealth.” Wealth does not mean a person who owns a lot, but refers to someone who has enough time to enjoy what nature and human collaboration place within everyone’s reach. If the great majority of people could understand this basic notion, if they could be liberated from the competitive illusion that is impoverishing everyone’s life, the very foundations of capitalism, would start to crumble (p. 169).”
― Franco Bifo Berardi

“Economic growth has liberated societies from the natural pressures that forced them into an immediate struggle for survival; but they have not yet been liberated from their liberator. The commodity’s independence has spread to the entire economy it now dominates. This economy has transformed the world, but it has merely transformed it into a world dominated by the economy.”
― Guy Debord, The Society of the Spectacle

“If the Sun is the source of flow in the economy of nature, what is the “Sun” of a human gift economy, the source that consonantly replenishes the flow of gifts? Maybe it is love.”
― Robin Wall Kimmerer, The Serviceberry: Abundance and Reciprocity in the Natural World

“We cannot build a vital economy by delivering pizzas to one another.”
― Jim Wright

“Governments and central banks were quietly admitting something they were still reluctant to announce publicly: the extraordinary power of private-sector banks lending to determine the pace of money creation, and therefore economic growth.”
― Mariana Mazzucato, The Value of Everything: Making and Taking in the Global Economy

“Commerce is a cure for the most destructive prejudices; for it is almost a general rule, that wherever we find agreeable manners, there commerce flourishes; and that wherever there is commerce, there we meet with agreeable manners.”
― Montesquieu, The Spirit of the Laws

“Economic growth should be paired with cycles of reciprocal production and consumption.”
― Hendrith Vanlon Smith Jr

“The idea of waste is non existent in a Permacapital Economy.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“Thomas Malthus (1766–1834) had a growth schema with only two factors of production—natural resources and labour—with no allowance for technical progress, capital formation, or gains from international specialization. In 1798, he portrayed the general situation of humanity as one where population pressure put such strains on the ability of natural resources to produce subsistence that equilibrium would be attained only by various catastrophes. His influence has been strong and persistent, largely because of his forceful rhetoric and primitive scaremongering…He would have been very surprised to discover that Britain in 2003 would have only 1.2 per cent of its working population in agriculture and a life expectation of 78 years.”
― Angus Maddison, Contours of the World Economy, 1-2030 AD: Essays in Macro-Economic History

“For economy is not just numbers and charts, But the beating heart of human hearts, A chance for progress, a chance for all, To rise and flourish, standing tall.”
― Oscar Auliq-Ice

“Economy is a living project, And with cooperation and determination, We'll build a better future for every nation.”
― Oscar Auliq-Ice

“The engine of economic growth must be fueled by inclusivity and opportunity for all. Only a foolish society would accept the spread of poverty in exchange for growth.”
― Hendrith Vanlon Smith Jr.

“When you change your life, you really change your life.”
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness

“Luxury is a violation of human rights.”
― Abhijit Naskar, Corazon Calamidad: Obedient to None, Oppressive to None

“Economic growth doesn't mean the growth of disparity, it means the end of disparity. And we can never end disparity from our society unless we cut off all ties with luxury, preferably by individual accountability, if not, then by means of policy.”
― Abhijit Naskar, Corazon Calamidad: Obedient to None, Oppressive to None

“But there are limits to economic growth. The economy cannot grow forever. The modern economy has to find an eco-friendly method of expanding than munching the worker's souls and choking nature’s throats in the face of global warming.”
― Bhuwan Thapaliya

“Sustained economic growth is not compatible with predatory cleptocratic government.”
― Karl Gunnar Persson, An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present

“I believe the technological industry is switching in a different direction that one may think in the Metaverse. Why spend trillions of dollars on big data when it is becoming more useless? We need dynamic content to create a boom in the tech industry for the next millennium. Why hire someone with a 4 year degree from college for a career in database administration when companies can't afford to pay 100k a year? We can manage it quite fine in google sheets or excel. The utilization of AI will then completely defeat the purpose of Data As A Service when a program can dynamically build hash objects in random access memory by simply using a small script like (via switch) while creating a [5th XYZ Stargate] just like the Diablo version, but with a smaller seed. You could then store those objects for the blockchain Inna virtualized file container ;)." - Jonathan Roy Mckinney”
― Jonathan Roy Mckinney Gero EagleO2

“We must challenge corruption - only then we can be in a position to break the vicious cycle of economic inequality and pave the path of prosperity and peace.”
― Bhuwan Thapaliya, Our Nepal, Our Pride

“Better all head back to the jungle
than some fly in private jets
while others cry of hunger.
Better have no progress whatsoever,
than the rich get richer, and the poor poorer.”
― Abhijit Naskar, Vande Vasudhaivam: 100 Sonnets for Our Planetary Pueblo

“Faith in technology as the ultimate solution to all problems can thus divert our attention from the most fundamental problem-the problem of growth in a finite system and prevent us from taking effective action to solve it.”
― Donella Meadows, The Limits to Growth

“Today, the war is not based on the strongest or territorial gains, but on the smartest and only on the economic level.”
― Mwanandeke Kindembo

“GDP is a very important measurement of everything except that which makes life worthwhile.”
― Robert F Kennedy

“To solve the economy, first understand the economy!”
― Ebenezer Immanuel

“Simply put, we need plenty of risk capital flowing into the real economy and real startups solving real problems. You see, if we’re living in an environment where small businesses—the real engines of the economy and job creators—are dying faster than they are being born, you start to wonder what’s wrong with a financing system that is meant to deliver the oxygen for new ventures.”
― Victoria Silchenko, Raise and Rise: Funding Sources for Your Startup in the Era of Digital Transformation & Blockchain

“Simply put, we need plenty of risk capital flowing into the real economy and real startups solving real problems. You see, if we’re living in an environment where small businesses—the real engines of the economy and job creators—are dying faster than they are being born, you start to wonder what’s wrong with a financing system that is meant to deliver the oxygen for new ventures. Do you hear me, derivatives’ traders? By the end of 2019, those guys scored $559 trillion – which would be equal to almost seven times the world total GDP that same year. What can go wrong?”
― victoria silchenko , Raise and Rise: Funding Sources for Your Startup in the Era of Digital Transformation & Blockchain

“I am optimistic and confident that the world can generate real economic growth and that over the next 20 years that growth will accrue to my investments.”
― Housel Morgan, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

“Look, the basic facts are obvious," he said. "You can't keep growing forever on a finite planet---there are limits." But the exact relations among economic growth, environmental destruction, and planetary limits no longer seemed so obvious to me.”
― Charles C. Mann, The Wizard and the Prophet: Two Remarkable Scientists and Their Dueling Visions to Shape Tomorrow's World