May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
Jacqueline NovogratzRead
The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
Interpretation
The poor are affected by corrupt political systems rather than functioning market economies.
This quote by Jacqueline Novogratz highlights the stark contrast between the lives of the poor and those of the economically privileged. While some people operate within systems that promote fair market practices, many poor individuals find themselves trapped in political economies characterized by corruption and inefficiency, where local governments and financial systems exploit rather than empower them.
In practice
In a speech addressing socioeconomic disparities, this quote could emphasize the importance of addressing corruption in economic systems.
May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
When people gain income, they gain choice, and that is fundamental to dignity.
I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
Each of us can work to change a small portion of events. And it's in the total of all those acts that the history of this generation will be written.
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We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
You could not possibly maintain the current level of government taxation without the taxes being hidden, and they are hidden in two very different ways. They are hidden through withholding, but they are also hidden by being imposed on business, supposedly on business, when really, of course, business can't pay taxes, only people can pay taxes.
If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.
In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
Living capital, which has the special capacity to continuously regenerate itself, is ultimately the source of all real wealth. To destroy it for money, a simple number with no intrinsic value, is an act of collective insanity - which makes capitalism a mental, as well as physical pathology.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
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