I'm not into politics but I am committed to a cause: ensuring design technology and engineering stays on the U.K. curriculum, alongside science and maths - grounding abstract theory, merging the practical with the academic.
James DysonRead
It is an extreme perversion of capitalism if you can trade in something before you have even paid for it.
Interpretation
What this quote means
The quote criticizes the practice of trading goods or assets that one does not own yet, highlighting a distortion in capitalist principles.
James Dyson's quote points to the potential ethical and practical pitfalls of capitalism when individuals or organizations engage in trading goods or financial instruments that they do not yet own, which can lead to instability and moral hazards within the economic system. This 'extreme perversion' reflects a departure from foundational capitalist values of ownership and accountability, suggesting that such practices undermine the integrity of market transactions.
Themes
CapitalismTradingEthicsOwnershipEconomics
In practice
Example use cases
This quote could be used in a business ethics lecture to emphasize the importance of ownership in trading.
More from James Dyson
All quotes βI made 5,127 prototypes of my vaccum before I got it right. There were 5,126 failures. But I learned from each one. Thatβs how I came up with a solution. So I donβt mind failure.
James DysonRead
When you say 'design,' everybody thinks of magazine pages. So it's an emotive word. Everybody thinks it's how something looks, whereas for me, design is pretty much everything.
James DysonRead
Now, we don't teach children in schools to be creative. We don't teach them to experiment. We want them to fill in the right answer, tick the right answer in the box.
James DysonRead
Companies are not ingenious, it's the people in them that are.
James DysonRead
After the idea, there is plenty of time to learn the technology
James DysonRead
Similar quotes
The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.
Paul SamuelsonRead
Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.
Thomas JeffersonRead
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren BuffettRead
Debt is a social and ideological construct, not a simple economic fact.
Noam ChomskyRead
In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That's quite clear.
Bill GatesRead
I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.
Ratan TataRead