8 John Ralston Saul Quotes on Economy

John Ralston Saul quotes on economy

34. Left to its own devices the market is capable of the most miraculous of inventions and the silliest of self-delusions. It is an extreme romantic. It also has a real purpose - the same one it has always had. That is to organize the supply and exchange of goods or to finance the production of goods - thus facilitating and financing the economy. But the market cannot achieve in a regular and lasting manner its own purpose because it is only an unconscious and abstract mechanism. The factor which must be added in order to create the restraint, balance, and consciousness necessary for long-term prosperity is human leadership. That leadership takes the form of effective regulation.

35. In all earlier civilizations, it should be remembered, commerce was treated as a narrow activity and by no means the senior sector in society.

48. [G]iven our inability over the past two decades to deal with an unbreakable chain of unemployment, debt, inflation and no real growth, we have drifted farther and farther out into a cold, unfriendly, confusing sea. The new certitude of those in positions of authority - those out of the water - is that the certain answer is to cut away the life preservers.

56. Canada was built from its very beginnings on the belief that public leadership in the economy and on social issues would be as effective and cheap as anything done by the private sector.

69. We seem to be unable to allow ourselves the dignity of engaging in this sort of straightforward reconsideration of our acts. After all, questioning is the great strength of democracy; the ability to doubt without losing face. Instead we charge on, chanting 'Free Trade - Prosperity', the way in 1212 on the Children's Crusade they must have chanted 'Jesus and Jerusalem!' Most were snatched up before they could reach the coast and sold into slavery or sent across the Mediterranean, again to be slaves.

72. The old cliche about having all your eggs in one basket takes on new meaning with Canada and the United States, because there is something even more wrong about having all your eggs in someone else's basket. It is worse still if that country is much larger than you and worst of all if they don't have all their eggs in your basket. This is not a relationship. It is a dependency. Canada's survival will depend largely on its ability to change that dependency back into a relationship. And one of the key factors in doing that will be the redistribution of our trade. But we can't do that if we have no politicians willing to take the lead.

75. As you would expect when individualism is based only on opportunity, no one asks what happens to those who have neither the financial nor the political clout to exercise their tiny portion of that opportunity.

76. Ten per cent of our neighbours survive on charity. 10 per cent of Canadians eat through charity. 10 per cent. Surely if you were prime minister or minister of trade or of industry, you would wake up each day thinking that, for reasons that escape you, the central policy chosen to drive the economy is not working. It is not working because it is not meeting the needs of a democracy in which legitimacy lies with the citizenry.