4 Nelson Mandela Quotes on Economics

Nelson Mandela quotes on economics

78. A great measure of world poverty today and African poverty in particular is due to the continuing dependence on foreign markets for manufactured goods, which undermines domestic production and dams up domestic skills, apart from piling up unmanageable foreign debts. Gandhi's insistence on self-sufficiency is a basic economic principle that, if followed today, could contribute significantly to alleviating Third World poverty and stimulating development.

79. Gandhi rejects the Adam Smith notion of human nature as motivated by self-interest and brute needs and returns us to our spiritual dimension with its impulses for nonviolence, justice and equality. He exposes the fallacy of the claim that everyone can be rich and successful provided they work hard. He points to the millions who work themselves to the bone and still remain hungry.

80. He stepped down from his comfortable life to join the masses on their level to seek equality with them. 'I can't hope to bring about economic equality... I have to reduce myself to the level of the poorest of the poor.' From his understanding of wealth and poverty came his understanding of labor and capital, which led him to the solution of trusteeship based on the belief that there is no private ownership of capital; it is given in trust for redistribution and equalization. Similarly, while recognizing differential aptitudes and talents, he holds that these are gifts from God to be used for the collective good. He seeks an economic order, alternative to the capitalist and communist, and finds this in sarvodaya based on nonviolence (ahimsa). He rejects Darwin's survival of the fittest, Adam Smith's laissez-faire and Karl Marx's thesis of a natural antagonism between capital and labor, and focuses on the interdependence between the two. He believes in the human capacity to change and wages Satyagraha against the oppressor, not to destroy him but to transform him, that he cease his oppression and join the oppressed in the pursuit of Truth. We in South Africa brought about our new democracy relatively peacefully on the foundations of such thinking, regardless of whether we were directly influenced by Gandhi or not.

87. It's a tragedy what is happening, what Bush is doing. All Bush wants is Iraqi oil. There is no doubt that the U.S. is behaving badly. Why are they not seeking to confiscate weapons of mass destruction from their ally Israel? This is just an excuse to get Iraq's oil.