The global economic situation is at the centre of most current affairs. Therefore it is an interesting time to look back at what some of history's most famous thinkers, politicians, writers and pundits have had to say about money, capitalism, economic crashes and debts through the ages.
“Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.”
“Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.”
“A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual doom.”
Martin Luther King, Jr.
“There is only one class in the community that thinks more about money than the rich, and that is the poor. The poor can think of nothing else.” Oscar Wilde
“Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.”
“Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.”
“There can be economy only where there is efficiency.”
“It isn't enough just to scream at the Occupy Wall Street demonstrations. We need our political system to start reflect this anger back into, 'How do we fix it? How do we get the economy going again?”
“I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.”