The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Interpretation
The quote emphasizes the importance of considering the global impact of national policies.
Raghuram Rajan's quote highlights the necessity for nations, particularly the U.S., to be mindful of how their policies affect other countries. It advocates for a broader ethical perspective in governance, urging leadership to prioritize global welfare over narrow national interests, suggesting that a truly just policy should reflect kindness and responsibility towards the international community.
In practice
In a speech advocating for climate change action, this quote can emphasize the importance of international cooperation.
Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
The gap in India has always been between the promise and the execution.
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.
Late twentieth-century machines have made thoroughly ambiguous the difference between natural and artificial, mind and body, self-developing and externally designed, and many other distinctions that used to apply to organisms and machines. Our machines are disturbingly lively, and we ourselves frighteningly inert.
We will be judged. There will be an accounting; there will be a reckoning sooner or later. It will either come from ourselves and our own conscience, or it will come from our kids when they ask that inconvenient question: 'What were you doing when they turned those kids back from the border?'
There's a kind of optimism specifically within Christianity about the world - about whose side God is on. Well, I didn't have any of that in my background. I had physicality and chaos.
Samsara - our conditioned existence in the perpetual cycle of habitual tendencies and nirvana - genuine freedom from such an existence- are nothing but different manifestations of a basic continuum. So this continuity of consciousness us always present. This is the meaning of tantra.
Morality is of the highest importance - but for us, not for God.
War gives the right to the conquerors to impose any condition they please upon the vanquished.
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