Link Copied!
Jim Stanford Quotes (0-)
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Masterβs degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
Best Jim Stanford Quotes
Shortest
Earliest
Explore our curated collection of the most famous and impactful Jim Stanford quotes.
βWe know that investment causes growth. But it is also true that growth causes investment.β
βCompetition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.β
βForget about the market updates. Here's a better way to find out about the economy-your economy. Take a walk. And ask some questions.β
βProving that profit is economically and morally justifiable, rather then the result of exploitation, has been a central preoccupation of neoclassical economists.β
βEmployers crave the power to fire workers whose performance is judged inferior-not just to get rid of those particular workers, but more importantly to motivate and discipline the rest of the workforce.β
βCapitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.β
βThe only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.β
βOne of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.β
βLike a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.β
βApart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. β¦ In developed capitalist economies, private consumption spending accounts for half or more of GDP.β
βGrowth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.β
βThis relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.β
βKalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.β
βWith joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.β
Jim Stanford Quotes by Topic
Find exactly what you are looking for by browsing this categorized list of Jim Stanford quotes by topic.
Jim Stanford on Capitalism 5 quotes
βCompetition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.β
Jim Stanford on Investment
βWith joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.β
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Masterβs degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.