As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
Robert ReichRead
Can we please agree that in the real world, corporations exist for one purpose and one purpose only - to make as much money as possible, which means cutting costs as much as possible?
Interpretation
What this quote means
The quote emphasizes that the primary goal of corporations is profit maximization, often leading to cost-cutting measures.
In this quote, Robert Reich highlights the fundamental nature of corporations in the real world, suggesting that their main objective is to generate profit. This profit-driven mentality frequently results in cost-reduction strategies that can impact various stakeholders, including employees, consumers, and the environment, thereby questioning the ethical implications of prioritizing profit over broader social responsibilities.
Themes
CorporationsProfitCost-CuttingBusinessEthics
In practice
Example use cases
During a corporate conference discussing business strategies.
More from Robert Reich
All quotes →What are called 'public schools' in many of America's wealthy communities aren't really 'public' at all. In effect, they're private schools, whose tuition is hidden away in the purchase price of upscale homes there, and in the corresponding property taxes.
Robert ReichRead
What someone is paid has little or no relationship to what their work is worth to society.
Robert ReichRead
Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
Robert ReichRead
The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
Robert ReichRead
You can't inspire people if you are going to be uninspiring.
Robert ReichRead
Similar quotes
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Adam SmithRead
The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Nick HanauerRead
If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.
Murray RothbardRead
The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Murray RothbardRead
Prosperous farmers mean more employment, more prosperity for the workers and the business men of every industrial area in the whole country.
Franklin D. RooseveltRead
In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
Fareed ZakariaRead