QuoteProject
Economic policies absorb almost the entire attention of government, and at the same time become ever more impotent. The simplest things, which only fifty years ago one could do without difficulty, cannot get done any more. The richer a society, the more impossible it become to do worthwhile things without immediate payoff.
E. F. Schumacher
ShareWTF𝕏

Interpretation

What this quote means

Economic policies often dominate government focus, leading to inefficiencies and an inability to accomplish simple tasks as society becomes wealthier.

E. F. Schumacher's quote reflects on how the focus of government on complex economic policies can lead to a paradox where, despite the wealth of a society, simple and worthwhile tasks become increasingly difficult to achieve. He suggests that as societies grow richer, they often lose sight of the intrinsic value of actions that do not yield immediate financial returns, leading to a disconnect between economic success and meaningful progress.

Themes

Economic PoliciesSocietyWorthwhile ActionsGovernment Focus

In practice

Example use cases

In a discussion about the challenges faced by modern governments in addressing simple societal needs.

More from E. F. Schumacher

The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events.
E. F. SchumacherRead
The substance of man cannot be measured by Gross National Product.
E. F. SchumacherRead
The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forgets which it is.
E. F. SchumacherRead
By means of trees, wildlife could be conserved, pollution decreased, and the beauty of our landscapes enhanced. This is the way, or at least one of the ways, to spiritual, moral, and cultural regeneration.
E. F. SchumacherRead
We still have to learn how to live peacefully, not only with our fellow men but also with nature and, above all, with those Higher Powers which have made nature and have made us; for, assuredly, we have not come about by accident and certainly have not made ourselves
E. F. SchumacherRead
The heart of the matter, as I see it, is the stark fact that world poverty is primarily a problem of two million villages, and thus a problem of two thousand million villagers.
E. F. SchumacherRead

Similar quotes

Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital, the natural world and properly functioning societies._x000D_ _x000D_ No sensible capitalist would do that.
Amory LovinsRead
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
Ben BernankeRead
While it won't solve all the world's ills - and ideas such as a rent cap and more social housing are necessary in places where housing is scarce - a basic income would work like venture capital for the people.
Rutger BregmanRead
I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Paul SamuelsonRead
Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.
Karl MarxRead
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
Milton FriedmanRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by E. F. Schumacher | QuoteProject