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
What this quote means
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.
Themes
Economic GrowthEnvironmental ProtectionSustainabilityProsperityDevelopment
In practice
Example use cases
During a conference on sustainable development, this quote could be cited to emphasize the need for balanced policies.
More from Henry Paulson
All quotes βIn all my life, I've been trained that when there's a big problem, you run toward it.
Henry PaulsonRead
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Henry PaulsonRead
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
Henry PaulsonRead
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.
Henry PaulsonRead
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.
Henry PaulsonRead
Similar quotes
Large corporations, of course, are blinded by greed. The laws under which they operate require it - their shareholders would revolt at anything less.
Aaron SwartzRead
The societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not necessarily the biggest in size, or the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.
Ronald ReaganRead
Our economy is the result of millions of decisions we all make every day about producing, earning, saving, investing, and spending.
Dwight D. EisenhowerRead
It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.
Paul VolckerRead
Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells.
Thomas FrankRead
In a globalized economy, jobs no longer need a passport, but workers do.
Chrystia FreelandRead