So Sen is right that democracy can be pressed into the service of reducing injustice. Indeed this can happen against expectations. Had there been neoclassical economists around in the late eighteenth century, they would have scoffed at the possibility of abolishing the slave trade. In the absence of a system of multilateral enforcement, Britain had to bear the enormous expense unilaterally-over several decades-without any obvious prospect of a return. whether democracy fosters or hinders economic growth.
Ian ShapiroRelated topics
absence bear century eighteenth enforcement expense late multilateral possibility reducing return right sen service slave trade Britain neoclassicalRelated quotes
There was autocracy in political life, and it was superseded by democracy. So surely will democratic power wrest from you the control of industry. The fate of you, the aristocracy of industry, will be as the fate of the aristocracy of land if you do not now show that you have some humanity still among you. Humanity abhors, above all things, a vacuum in itself, and your class will be cut off from humanity as the surgeon cuts the cancer and alien growth from the body. Be warned ere it is too late.
George William Russell
The tremendous growth of the Soviet Union was in itself a remarkable sign of prosperity. It was not due, as in America, to immigration from outside. It showed that in spite of the privations and hardships of the people there was, as a general rule, no actual starvation. A severe system of rationing managed to supply the absolutely necessary articles of food to the population. Competent observers tell us that this rapid growth of population is largely due to a feeling of economic security among the people.
Jawaharlal Nehru
In all our plans for the future, we are re-defining and we are re-stating our Socialism in terms of the scientific revolution. But that revolution cannot become a reality unless we are prepared to make far-reaching changes in economic and social attitudes which permeate our whole system of society. The Britain that is going to be forged in the white heat of this revolution will be no place for restrictive practices or for outdated methods on either side of industry.
Harold Wilson
The Chinese said of themselves several thousand years ago: "China is a sea that salts all the waters that flow into it.” There's another Chinese saying about their country which is much more modern-it dates only from the fourth century. This is the saying: "The tail of China is large and will not be wagged.” I like that one. The British democracy approves the principles of movable party heads and unwaggable national tails. It is due to the working of these important forces that I have the honour to be addressing you at this moment.
Winston Churchill
We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.
Vladimir Putin