QuoteProject
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
Lawrence Summers
ShareWTF𝕏

Interpretation

What this quote means

This quote suggests that global events are now heavily influenced by the actions of the United States.

Lawrence Summers highlights the interconnectedness of the global economy and politics, implying that just as the U.S. once set the trends and directions for the world, the reverse is now equally true. In today's world, international events and crises can significantly influence the U.S., indicating a shift in the power dynamics that shows how dependent nations have become on one another.

Themes

GlobalizationEconomyInfluenceInterconnectednessPolitics

In practice

Example use cases

This quote can be used in discussions about the impact of U.S. foreign policy on global economics.

More from Lawrence Summers

The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Lawrence SummersRead
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
Lawrence SummersRead
A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
Lawrence SummersRead
Most investors want to do today what they should have done yesterday.
Lawrence SummersRead
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
Lawrence SummersRead
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Lawrence SummersRead

Similar quotes

The Iraq war that I signed up for was launched on false premises. The American people were misled. Now, whether that was due to bad faith or simply mistakes in intelligence, I can't say for sure. But I can say it shows the problem of putting too much faith in intelligence systems without debating them in public.
Edward SnowdenRead
Presidents have absolutely gone against the will of Congress. Congress hasn't declared a war since December 7, 1941, and yet we've been at war ever since with somebody or other in order to justify the war machine. Now we have alienated almost the entire earth
Gore VidalRead
There is often, in the affairs of government, more efficiency and wisdom in non-action than in action.
John C. CalhounRead
You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. JohnsonRead
I really feel that political will is born out of popular will.
Queen Rania Of JordanRead
Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave.
Thomas SankaraRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.