Poor people of all colors are getting poorer and our communities are getting more toxic. There is a misconception that to grow our economy we will have to do business as usual, because cleaning up the environment, mitigating climate change is just too costly. Well, I say the business of poverty is just too expensive a bill for humanity to pay any longer.
Interpretation
Economic growth should not come at the cost of environmental neglect and social inequality.
Majora Carter's quote highlights the critical connection between economic health and environmental sustainability, emphasizing that societal neglect, particularly among impoverished communities, leads to greater long-term costs for humanity. She argues against the notion that prioritizing growth inevitably requires harming the environment, asserting that the consequences of poverty and environmental degradation are ultimately too burdensome for society to ignore.
In practice
In a speech about social justice, this quote can illustrate the interconnectedness of poverty and environmental issues.
Smart infrastructure can provide cost-saving ways for municipalities to handle both infrastructure and social needs. And we want to shift the systems that open the doors for people who were formerly tax burdens to become part of the tax base.
Environmental justice [means that] no community should be saddled with more environmental burdens and less environmental benefits than any other.
One thing I noticed working in the Bronx is that leaders come in the craziest places. They don't always show up at community board meetings. Sometimes it's just the guys on the corner that the boys on the block respect.
Environmental justice, for those of you who may not be familiar with the term, goes something like this: no community should be saddled with more environmental burdens and less environmental benefits than any other.
I personally think that gentrification happens long before you start seeing white people in formerly people-of-color neighborhoods. It starts happening when we start telling the young, hard-working, quote-unquote 'smart' kids that they need to measure success by how far they get away from our communities.
We need to work together to embrace and repair our land, repair our power systems, and repair ourselves. It's time to stop building the shopping malls, the prisons, the stadiums, and other tributes to all of our collective failures.
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.
This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
Monetary policy ultimately must be conducted in a pragmatic manner that relies not on any particular indicator or model but, instead, reflects an ongoing assessment of a wide range of information in the context of our ever-evolving understanding of the economy.
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