Monday 25 April 2011

John Maynard Keynes


Today’s Green Thought comes from John Maynard Keynes.


Instead of using their vastly increased resources to build a wonder city, the men of the nineteen century built slums….[which] on the test of private enterprise, ‘paid,’ whereas the wonder city would, they thought, have been an act of foolish extravagance, which would, in the imbecile idiom of the financial fashion, have ‘mortgaged the future’…….The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the un-appropriated splendours of nature have no economic value. We are capable of cutting off the sun and the stars because they do not pay a dividend.

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