4 John Ralston Saul Quotes on Economics

John Ralston Saul quotes on economics

6. Neither Capitalism nor Socialism can pretend to be an ideology. They are merely methods for dividing ownership and income. What is most peculiar for such theoretically practical methodologies, which are also theoretically opposed to each other, is that neither of them has ever existed, except in a highly tentative form. And even then they are invariably mixed together. Their mutually exclusive vocabularies have more to do with basic similarities than with differences.

14. [T]he free market may be a good, bad or insufficient idea, but, in any case, it is just a crude commercial code. Now it is regularly equated with or given credit for or even precedence over the freedom of man. But the freedom of man is a moral statement on the human condition, both in the practical and in the humanist sense. To equate it with a school of business is to betray a certain confusion. An unconscious unease.

15. [Modern capitalism] is masterful at producing services people don't need and in large part probably don't want. It is brilliant at convincing people that they do need and want them. But it has difficulty turning itself to the production of those services which people really do need. Not only that, it often spends an enormous amount of time and effort convincing people that those services are either unrealistic, marginal or counterproductive.

41. 'The recession is over.' This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.