Economic Development Quotes

There has been much talk about the alleged exploitation of the debtor nations by the creditor nations. But if the concept of exploitation is to be applied to these relations, it is rather an exploitation of the investing by the receiving nations. These loans and investments were not intended as gifts. The loans were made upon solemn stipulation of payment of principal and interest. The investments were made in the expectation that property rights would be respected. With the exception of the bulk of the investments made in the United States, in some of the British dominions, and in some smaller countries, these expectations have been disappointed. Bonds have been defaulted or will be in the next few years. Direct investments have been confiscated or soon will be. The capital-exporting countries can do nothing but wipe off their balances.

~ Ludwig Von Mises

Mom & pop stores are not about something small; they are about something big. Ninety percent of all U.S. businesses are family owned or controlled. They are important not only for the food, drink, clothing, and tools they sell us, but also for providing us with intellectual stimulation, social interaction, and connection to our communities. We must have mom & pop stores because we are social animals. We crave to be part of the marketplace.

~ Robert Spector

Yes, many years of oppression may have complicated things and it seems impossible for blacks to create their own means of production. But, I truly believe that we must start somewhere. We must reimagine a world where we are proudly black and support all things black in order to reinvent the economic wheel. We talk. We produce theories. We prove ourselves and and and... But we must also put our money where our mouths and theories are. This is why we fight each and every single day.

~ Malebo Sephodi