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.
We are stripped bare by the curse of plenty.
Once I got into space, I was feeling very comfortable in the universe. I felt like I had a right to be anywhere in this universe, that I belonged here as much as any speck of stardust, any comet, any planet.
So you know how things stand. Now forget what they think of you. Be satisfied if you can live the rest of your life, however short, as your nature demands. Focus on that, and don't let anything distract you. You've wandered all over and finally realized that you never found what you were after: how to live. Not in syllogisms, not in money, or fame, or self-indulgence. Nowhere.
The sacred rights of mankind are not to be rummaged for among old parchments or musty records. They are written, as with a sunbeam, in the whole volume of human nature, by the hand of the divinity itself; and can never be erased.
In general there is something puzzling about the fact that the most renowned figures in chess - Morphy, Pillsbury, Capablanca and Fischer - were born in America.
Reason speaks and feeling bites
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