Modern economics and the welfare state borrowed heavily on the future.
--
Chapter 43 (p. 445)Gregory Benford
» Gregory Benford - all quotes »
The "Great Society" has not worked and it's put us into the modern welfare state. If you look at China, they don't have food stamps. If you look at China, they're in a very different situation. They save for their own retirement security... They don't have the modern welfare state and China's growing. And so what I would do is look at the programs that LBJ gave us with the Great Society and they'd be gone.
Michele Bachmann
Barack spoke out against the war [in Iraq] before it started, and he respects civil liberties, and I respect him for that. [...] But Barack Obama is not going to talk about the goal of getting rid of the income tax and dealing with monetary policy. I mean, he's too much into the welfare state issue, not quite understanding how free market economics is the truly compassionate system. If we care about the poor and want to help the poor, you have to have free markets. You can't have a welfare state in order to try to take care of people.
Barack Obama
Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.
Kenneth Boulding
The historical picture is clear. Counterfeiting was not invented in modern Asia. When they were backward themselves in terms of knowledge, all of today’s rich countries blithely violated other people’s patents, trademarks and copyrights. The Swiss ‘borrowed’ German chemical inventions, while the Germans ‘borrowed’ English trademarks and the Americans ‘borrowed’ British copyrighted materials—all without paying what would today be considered ‘just’ compensation.
Ha-Joon Chang
The essence of the modern state is the union of the universal with the full freedom of the particular, and with the welfare of individuals.
Georg Wilhelm Friedrich Hegel
Benford, Gregory
Benchley, Robert
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