The great men of a nation reach out to all mankind. They are unifying, not divisive; internationally conciliating and still great nationally.
Gustav StresemannRead
The economic position is only flourishing on the surface. Germany is in fact dancing on a volcano. If the short-term credits are called in, a large section of our economy would collapse.
Interpretation
What this quote means
The economic stability of Germany is deceptive, as underlying risks could lead to a significant collapse.
Gustav Stresemann's quote highlights the precarious and false sense of security in the economic landscape. While it may appear that the economy is thriving, underlying vulnerabilities exist that, if triggered, could lead to catastrophic consequences. The reference to 'dancing on a volcano' emphasizes the danger of taking risks without addressing the foundational issues that could ultimately lead to disaster.
Themes
EconomyVulnerabilityRiskCollapseGermany
In practice
Example use cases
This quote can be used in a financial seminar to discuss economic risks.
More from Gustav Stresemann
All quotes →Similar quotes
Economic growth is the aggregate effect of the quest to accumulate capital and extract profit. Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity.
George MonbiotRead
If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard's success in serving its owners. So we're probably as far away from communism as is realistically possible.
John C. BogleRead
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
Milton FriedmanRead
I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
Ray DalioRead
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Alan GreenspanRead
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
Robert ReichRead