Progressive societies outgrow institutions as children outgrow clothes.
Henry GeorgeRead
The value of a thing is the amount of laboring or work that its possession will save the possessor.
Interpretation
The worth of an item is measured by how much effort it can save the owner.
This quote by Henry George suggests that the true value of any object or possession lies not in its physical characteristics or aesthetic appeal, but rather in the labor and effort it saves the owner. In a practical sense, it emphasizes that efficiency and utility define value in our lives, guiding us to make choices based on the potential time and work we can save rather than superficial prestige.
In practice
During a lecture on economics, this quote can be referenced to explain concepts of value and labor.
Progressive societies outgrow institutions as children outgrow clothes.
The march of invention has clothed mankind with powers of which a century ago the boldest imagination could not have dreamt.
It is not the business of government to make men virtuous or religious, or to preserve the fool from the consequences of his own folly. Government should be repressive no further than is necessary to secure liberty by protecting the equal rights of each from aggression on the part of others, and the moment governmental prohibitions extend beyond this line they are in danger of defeating the very ends they are intended to serve.
Poorly paid labor is inefficient labor, the world over.
The protection of the masses has in all times been the pretense of tyranny - the plea of monarchy, of aristocracy, of special privilege of every kind. The slave owners justified slavery as protecting the slaves.
So long as all the increased wealth which modern progress brings goes but to build up great fortunes, to increase luxury and make sharper the contrast between the House of Have and the House of Want, progress is not real and cannot be permanent.
Economy consists in a due and proper application of the means afforded according to the ability of the employer and the situation chosen; care being taken that the expenditure is prudently conducted.
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
What we know about the global financial crisis is that we don't know very much.
Poor people of all colors are getting poorer and our communities are getting more toxic. There is a misconception that to grow our economy we will have to do business as usual, because cleaning up the environment, mitigating climate change is just too costly. Well, I say the business of poverty is just too expensive a bill for humanity to pay any longer.
Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.
The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.
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