The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Interpretation
The quote emphasizes the importance of considering the global impact of national policies.
Raghuram Rajan's quote highlights the necessity for nations, particularly the U.S., to be mindful of how their policies affect other countries. It advocates for a broader ethical perspective in governance, urging leadership to prioritize global welfare over narrow national interests, suggesting that a truly just policy should reflect kindness and responsibility towards the international community.
In practice
In a speech advocating for climate change action, this quote can emphasize the importance of international cooperation.
Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
The gap in India has always been between the promise and the execution.
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.
Those issues are biblical issues: to care for the sick, to feed the hungry, to stand up for the oppressed. I contend that if the evangelical community became more biblical, everything would change.
Ancient Egyptians believed that upon death they would be asked two questions and their answers would determine whether they could continue their journey in the afterlife. The first question was, 'Did you bring joy?' The second was, 'Did you find joy?
The soul of man, left to its own natural level, is a potentially lucid crystal left in darkness. It is perfect in its own nature, but it lacks something that it can only receive from outside and above itself. But when the light shines in it, it becomes in a manner transformed into light and seems to lose its nature in the splendor of a higher nature, the nature of the light that is in it.
We consume the carcasses of creatures of like appetites, passions and organs with our own, and fill the slaughterhouses daily with screams of pain and fear.
It is hard to put aside partisanship. It is hard to give up the easy wisecracking jeer that divides and destroys. It is hard - very hard - to have worked sincerely and wholeheartedly for a cause and to have lost. Most of all, it is hard to put aside personal prejudices. And yet we must put these things aside.
There is no road towards peace; peace is the road
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