Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes. ↗
Human life is held in much higher esteem, and the taking of it, whether in private quarrel or by judicial procedure, is looked upon much more seriously than it was formerly. ↗
I am not going to answer any questions as to my association, my philosophical or religious beliefs or my political beliefs, or how I voted in any election, or any of these private affairs. ↗
When I reached adulthood, even now, I could afford to belong to a country club. But I could never belong to a private club because of my experience as a child, because it would isolate me from the whole of humanity. ↗
On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States. ↗
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs. ↗
