An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
Interpretation
An open society promotes individual freedom while considering the well-being of the community.
The quote highlights the importance of balancing personal freedoms with social responsibility. In an open society, individuals are encouraged to pursue their passions and interests, but these pursuits should not infringe upon the rights or interests of others. This creates a harmonious environment where diversity and freedom can coexist with mutual respect and cooperation.
In practice
This quote could be used in a speech on civic engagement to encourage citizens to find a balance between personal ambitions and social duties.
The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.
My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it. But I can empower them. I can support them, and I can help them.
The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.
Each State, in ratifying the Constitution, is considered as a sovereign body, independent of all others, and only to be bound by its own voluntary act. In this relation, then, the new Constitution will, if established, be a FEDERAL, and not a NATIONAL constitution.
I remained a socialist for several years, even after my rejection of Marxism; and if there could be such a thing as socialism combined with individual liberty, I would be a socialist still. For nothing could be better than living a modest, simple, and free life in an egalitarian society.
When you cut into the present the future leaks out.
Know, first, who you are, and then adorn yourself accordingly.
He is spent. His mind is mercury again, its brief surge of humanity melting into an oily residue on its surface, and he no longer understands the feelings he felt in that strange moment on the overpass. But he did feel them. They did happen. They rest on the murky seabed of his mind, buried under sand and silt and miles of grey waves. Patient seeds waiting for light.
Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
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