Economic Restructuring Quotes

Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

I tell you, my fellow Americans, that if we learned anything from the collapse of the Berlin Wall and the fall of the governments in Eastern Europe, even a totally controlled society cannot resist the winds of change that economics and technology and information flow have imposed in this world of ours. That is not an option. Our only realistic option is to embrace these changes and create the jobs of tomorrow.

The essential meaning of perestroika for Gorbachev and his supporters was creating and acting on alternatives to failed and dangerous policies at home and abroad.

I do have confidence that we're gonna be able to get it right. But it's not gonna be overnight. And there's no silver bullets to this. The fact of the matter is, is that we are suffering from a massive hangover from a binge of risk taking.

The United States and Arizona are both losing jobs to offshore locations.

What we have seen for a very long time is large corporations shutting down plants in this country, plants that are often profitable, in order to get cheap labor all over the world. And that is one of the reasons why the middle class in this country is disappearing.We have lost our manufacturing base, and that's an issue that has got to be dealt with.

The global economy is a doomsday machine that must be stopped and reprogrammed.

China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.

The result [of more rapidly adopting technology] is likely to be more unemployment in the short term and perhaps greater inequality—a recipe for social instability. Economists are right to remind us that workers who are displaced by machine intelligence need not be condemned to long-term idleness. Given the infinite variety of human desires, there is always more work to be done. But society will need to facilitate social structures that help employees face a lifetime of job changes.

There is a large change coming in the jobs of America and competition from abroad. We should prepare for it rather than let history overwhelm us.

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in Russia who believed in shock therapy were Bolsheviks a few people at the top that rammed it down everybody's throat. They viewed the democratic process as a real impediment to reform.

We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World

Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.

As a society, we devalued farming as an occupation and encouraged the best students to leave the farm for 'better' jobs in the city. We emptied America's rural counties in order to supply workers to urban factories.

I am proud of the fact that the U.K. is an open trading country. I welcome inward investment such as that of Nissan, and the takeover of struggling British companies by foreign companies who turn them around, as in the case of Jaguar Land Rover. I also accept that job losses sometimes have to occur to restore failing companies to health.

Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.

Perestroika is nothing more than refined Stalinism.

They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.

If we are serious about breaking cycles of poverty, we have to change this (economy).

France has to reform, to recover, and get more competitiveness.

There is no need for the Russian state to hold such large stakes and we do intend to put our plans into practice. It is not about whether we want it or not, it is about this being practical or not and the best timing. In general, it is practical from at least one point of view - from the point of view of structural changes in the economy.

Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.

Making strong infrastructural reforms, particularly in the area of social security, that's not an appealing prospect for any country or for any political structure. But that's a reality.

What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand.