The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.
Thomas FriedmanRead
If the Republican Party continues to take the view that there must be no tax increases, we're stuck. Capitalism can't work without safety nets or fiscal prudence, and we need both in a sustainable balance.
Interpretation
A balanced approach to taxation and safety nets is essential for a functioning capitalist system.
Thomas Friedman emphasizes that for capitalism to thrive, there needs to be a sustainable balance between tax policies and safety measures. He argues that the refusal to consider tax increases limits the ability to provide necessary social supports and maintain fiscal responsibility, hinting at the interconnectedness of economic policies and societal welfare.
In practice
This quote can be used in a political debate about tax policies and social welfare.
The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.
When it comes to dealing with the world's climate and energy challenges, I have a simple rule: change America, change the world.
The hidden hand of the market will never work without a hidden fist -- McDonald's cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley's technologies is called the United States Army, Air Force, Navy and Marine Corps.
Do you know what my favorite renewable fuel is? An ecosystem for innovation.
If you don't visit the bad neighborhoods, the bad neighborhoods are going to visit you.
Inspiring conduct has so much more of an impact than coercing it.
Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'
Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next two decades. And for good reason: when people come here to fulfill their dreams - to study, invent, and contribute to our culture - they make our country a more attractive place for businesses to locate and create jobs for everyone. So let's get immigration reform done this year.
The reason we should do a carbon tax is because it's the right thing to do. It's economics 101, elementary stuff.
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.
The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
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