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.
Don't let people tell you to do it this way. You are on the verge of figuring out hybrid models -- with companies and nonprofits, markets, government, crowd-sourced philanthropy. The capitalist system as we know it is not working.
Traditional charity and aid are never going to solve the problems of poverty.
Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation.
I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.
President Bush announced his new economic plan. The centerpiece was a proposed repeal of the dividend tax on stocks, a boon that could be worth millions of dollars to average Americans. Well, average stock-owning Americans. Technically, Americans who own a significant amount of shares in dividend-dealing companies. Well, rich people, that's what I'm trying to say. They're going to do really well with this.
At present we are stealing the future, selling it in the present, and calling it gross domestic product.
The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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