It is by all odds the loftiest of cities. It even managed to reach the highest point in the sky at the lowest moment of the depression.
E. B. WhiteRead
The trouble with the profit system has always been that it was highly unprofitable to most people.
Interpretation
The profit system primarily benefits a small number of individuals while disadvantaging the majority.
E. B. White's quote highlights a fundamental issue with the profit system, suggesting that while it generates wealth, it tends to disproportionately favor those at the top, leaving many people experiencing unprofitability. This reflects the systemic inequalities and challenges that arise within economic structures where profits are prioritized over equitable distribution of resources and opportunities.
In practice
Discussing economic policies during a community meeting.
It is by all odds the loftiest of cities. It even managed to reach the highest point in the sky at the lowest moment of the depression.
It isn't silence you can cut with a knife any more, it's interchange of ideas. Intelligent discussion of practically everything is what is breaking up modern marriage.
The main thing I try to do is write as clearly as I can. Because I have the greatest respect for the reader, and if he's going to the trouble of reading what I've written -- I'm a slow reader myself and I guess most people are -- why, the least I can do is make it as easy as possible for him to find out what I'm trying to say, trying to get at. I rewrite a good deal to make it clear.
A good farmer is nothing more nor less than a handy man with a sense of humus.
A despot doesn't fear eloquent writers preaching freedom- he fears a drunken poet who may crack a joke that will take hold.
All writing is communication; creative writing is communication through revelation-it is the Self-escaping into the open.
Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor.
In the 1930s, unemployed working people could anticipate that their jobs would come back.
We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.
Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.
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