The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Interpretation
High unemployment among youth in the Middle East can lead to political unrest.
This quote highlights the critical situation in the Middle East, where a large number of young people are entering the job market without sufficient employment opportunities. This frustration stemming from unemployment and hunger is likely to manifest in the political domain, potentially leading to instability and conflict as the youth demand change and better conditions.
In practice
During a seminar on economic development, one could quote this to emphasize the urgent need for job creation.
I have the responsibility of over four million people, and I am in a position to do good, to be able to bring about a new life for my people, and I will continue to move in that direction. It's a burden, but it needs to be done, and you have to have the courage and wisdom to see it through.
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.
I think one of the most important facts of basic income would be that it's not only a redistribution of income, but also of power. So the cleaners and bin men would have a lot more bargaining power.
When money is controlled by a few it gives that few an undue power and control over labor and the resources of the country. Labor will have its best return when the laborer can control its disposal.
Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
It is better that a man should tyrannize over his bank balance than over his fellow-citizens and whilst the former is sometimes denounced as being but a means to the latter, sometimes at least it is an alternative.
The reason we should do a carbon tax is because it's the right thing to do. It's economics 101, elementary stuff.
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