economy

When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.

The sum total of each man's giving determines the standard of man's civilization.

The sum total of each man's giving determines the standard of man's civilization.

The very foundation of the living of life lies in the desire of every man to give service to fulfill the needs of his neighbor.

Equal interchange of goods and service between buyer and seller is the keynote of tomorrow’s business world when the vision of the modern business man awakens him to the wisdom of writing that policy into his code of ethics.

The economic borderlines of our world will not be drawn between countries, but around Economic Domains. Along the twin paths of globalization and decentralization, the economic pieces of the future are being assembled in a new way. Not what is produced by a country or in a country will be of importance, but the production within global Economic Domains, measured as Gross Domain Products. The global market demands a global sharing of talent. The consequence is Mass Customization of Talent and education as the number one economic priority for all countries

...countries don't create economies. It is entrepreneurs and companies that create and revitalize economies. The role of the governments should be to create a nourishing environment for entrepreneurs and companies to flourish, not to get in the way of economic development.

Globalization is a bottom-up phenomenon with all actions initiated by milions of individuals, the sum total of which is "globalization." No one is in charge, and no one can anticipate what the sum of all the individual initiatives will be before the result manifest. A global economy can only be the result of "spontaneous order."

Under capitalism, man exploits man.  Under socialism, the reverse is true.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.