There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
Henry PaulsonRead
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
Interpretation
Economic growth and environmental protection are interconnected and can mutually benefit long-term prosperity.
In this quote, Henry Paulson emphasizes the idea that economic growth does not have to come at the expense of environmental health. Instead, he argues that fostering economic development while also taking care of the environment leads to a more sustainable and prosperous future, where the well-being of the economy and the planet are seen as two aspects of the same overall goal.
In practice
During a conference on sustainable development, this quote could be cited to emphasize the need for balanced policies.
There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
In all my life, I've been trained that when there's a big problem, you run toward it.
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
I think history shows that countries have to have some kind of a threshold level of economic success before they begin to have the means and the will to focus on the environment.
I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful.
I'm of those who believe that excesses in all matters are not a good idea, whether it's formation of bubbles, whether it's excess in the financial market, whether it's excess of inequality, it has to be watched, it has to be measured, and it has to be anticipated in terms of consequences.
Capitalists seem uninterested in capitalism, even as eager entrepreneurs can't get financing. Businesses and investors sound like the Ancient Mariner, who complained, 'Water, water everywhere - nor any drop to drink.'
Although we work through financial markets, our goal is to help Main Street, not Wall Street.
The minimum wage in Denmark is about twice that of the United States, and people who are totally out of the labor market or unable to care for themselves have a basic income guarantee of about $100 per day.
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. Β By comparison, the average real income of the other 95% of households grew less than 10%.
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