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There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call themselves socialist would object to theirs not being described as a mixed economy, for it would imply that it was a totalitarian one, while countries like Germany or Japan, usually thought of as having typically free enterprise economies, would do the same; for, otherwise, it would imply that theirs was a nineteenth century laissez-faire economy. (Address on 'Why a Mixed Economy?' to the Associated Chambers of Commerce and Industry of India, New Delhi, April 4, 1975.)

 

J. R. D. Tata

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There was a plea from honourable Members relating to the need for formal Gross National Product figures. Such figures are very inexact even in the most sophisticated countries I think they do not have a great deal of meaning, even as a basis of comparison between economies. That other countries make use of them is not, I think, necessarily a good reason to suppose that we need them. But, although I am not entirely clear what practical purpose they would serve in Hong Kong, I am sure they would be of interest. I suspect myself, however, that the need arises in other countries because high taxation and more or less detailed Government intervention in the economy have made it essential to be able to judge (or to hope to be able to judge) the effect of policies, and of changes in policies, on the economy. One of the honourable Members who spoke on this subject, said outright, as a confirmed planner, that he thought that they were desirable for the planning of our future economic policy. But we are in the happy position, happier at least for the Financial Secretary where the leverage exercised by Government on the economy is so small that it is not necessary, nor even of any particular value, to have these figures available for the formulation of policy. We might indeed be right to be apprehensive lest the availability of such figures might lead, by a reversal of cause and effect, to policies designed to have a direct effect on the economy. I would myself deplore this.

 

John James Cowperthwaite

 

Japan gets the most of ordinary people by organizing them to adapt and succeed. America, by getting out of their way so that they can adjust individually, allows them to succeed. It is not that Japan has no individualists and America no organizations, but the thrusts of the societies are different. Japan has distorted its economy and depressed its living standard in order to keep its job structure and social values as steady as possible. At the government's direction, the entire economy has tried to flex almost as one, in response to the ever-changing world. The country often seems like a family that becomes more tightly bound together when it must withstand war, emigration, or some other upheaval. America's strength is the opposite: it opens its doors and brings the world's disorder in. It tolerates social change that would tear most other countries apart. The openness encourages Americans to adapt as individuals rather than as a group.

 

James Fallows

 

What the main drift of the twentieth century has revealed is that the economy has become concentrated and incorporated in the great hierarchies, the military has become enlarged and decisive to the shape of the entire economic structure; and moreover the economic and the military have become structurally and deeply interrelated, as the economy has become a seemingly permanent war economy; and military men and policies have increasingly penetrated the corporate economy.

 

C. Wright Mills

 

I am aware that many regard me as an anti-sports character person, but the truth is that the country’s economy by then was in bad shape. Tanzania being among the highly indebted countries, I had to give sports the least prominence during my first term, while setting priorities in revitalising our economy.

 

Benjamin Mkapa

 

The Liberal Party doesn't seem to know in its mind what to do about it—its ostensible view is that the mix of the mixed economy must be left as it is. This seems to be a slightly doubtful proposition...We have to reduce the public sector, the state-run sector, and hand it over to other bodies. The economy is probably unmanageable so long as the state attempts to do so much. The Liberals have not given nearly enough thought to the question of the bureaucracy of the state, what is suitable for the state to run...I personally agree with the SDP line, not with that of the Liberal unilateralists. I want to remain in NATO and I believe that a deterrent is essential and it promotes peace...I would not support unilateral disarmament either on moral or practical grounds.

 

Jo Grimond