During the lengthy process of production the business world is incurring outgoings in terms of money-paying out in money for wages and other expenses of production-in the expectation of recouping this outlay by disposing of the product for money at a later date. That is to say, the business world as a whole must always be in a position where it stands to gain by a rise of price and to lose by a fall of price. Whether it likes it or not, the technique of production under a regime of money-contract forces the business world always to carry a big speculative position; and if it is reluctant to carry this position, the productive process must be slackened.
John Maynard KeynesRelated topics
business carry disposing fall gain incurring later lose money outlay position production regime rise technique under wagesRelated quotes
I think, as a politician, [the exiled shah] had realized that the leaders were after their own political interests and they would very much like to establish relations with the [upcoming] regime in the country. But their inhuman behavior was terrifying, along with all the lies that the media would publish. I used to wonder for years, all those who wrote on the [subject] of human rights back then, how did they remain silent after all the inhuman incidents in Iran during the later years? [It was no] coincidence [that] the downfall of the shah [led to an Iran in which] the Iranians no longer had any human rights.
Farah Pahlavi
Dear Martyrs, We do not address you as men who have passed away, but rather as men who are still living among your own people, among your own brothers in the Armed Forces and among your own honest families. As Almighty God says, those who are killed for the sake of God are not dead but alive under His blessing. You have sacrificed your lives, in defence of right and of Iraq, thus giving the highest example in life. Be blessed, you men; you have become a source of great pride for Iraq and for your families. Your comrades-in-arms and your compatriots are aspiring to your position, which is the most glorious and great.
Saddam Hussein
For the Trade Unions such a scheme as this offers great and evident advantages compared with progressive inflation or with a wages tax. In spite of the demands of war, the workers would have secured the enjoyment, sooner or later, of a consumption fully commensurate with their increased effort; whilst family allowances and the cheap ration would actually improve, even during the war, the economic position of the poorer families. We should have succeeded in making the war an opportunity for a positive social improvement. How great a benefit in comparison with a futile attempt to evade a reasonable share of the burden of a just war, ending in a progressive inflation!
John Maynard Keynes
Capital, explaining the origins of the capitalist mode of production, points towards the inevitable historical decline and fall of this same social system. An economic theory based upon the historical relativity of every economic system, its strict limitation in time, tactlessly reminds Messrs the capitalists, their hangers-on and their apologists that capitalism itself is a product of history. It will perish in due course as it once was born. A new social form of economic organization will then take the place of the capitalist one: it will function according to other laws than those which govern the capitalist economy.
Ernest Mandel
American intervention in Yemen is a product of the war on terror...Because American security was given priority over all other concerns, counterterrorism agencies paid no attention to the human rights abuses being committed by their local partners...Because America has invested so heavily in Yemen's security forces, it now seems that a transition to democracy will depend on whether Washington believes that investment will remain secure...Sadly, it seems likely that the United States will support figures from the old regime rather than allow a transitional government approved by the people to take control.
Tawakkol Karman