Politics determines who has the power, not who has the truth.
Paul KrugmanRead
I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.
Interpretation
What this quote means
The quote expresses a belief in social equality and the values of democracy and civil liberties.
In this quote, Paul Krugman emphasizes the importance of a balanced society where wealth and poverty are kept in check by institutions. He advocates for democratic principles and the protection of civil liberties, aligning himself with liberal ideals, and expresses pride in this belief. This perspective highlights the significance of establishing a fair society that promotes equality and justice for all individuals.
Themes
EqualityDemocracyLiberalismCivil LibertiesWealthPoverty
In practice
Example use cases
In a speech advocating for social reforms, one might cite this quote to illustrate the importance of equality.
More from Paul Krugman
All quotes →Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader.
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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
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It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.
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The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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