Mark Carney: Necessary Investment
on Saturday, February 6, 2021Mark Carney Money Quote saying if we value the lives we are currently living above the one we hope to live, making investments in the future are less likely. Mark Carney said:
“If we value the present much more than the future, then we’re less likely to make the necessary investments today to reduce risk tomorrow” — Mark Carney
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In this quote, Mark Carney is discussing the relationship between how much value is placed on the present versus the future and the implications for making important long-term investments. He argues that if people and societies overvalue the present and undervalue the future, then they will be less inclined to make necessary investments in the present that can help reduce future risks.
By “investments” Carney seems to mean financial expenditures as well as other sacrifices made now for long-term benefits. The quote suggests that heavily prioritizing short-term gains over future security can discourage prudent actions today to safeguard against potential future threats. Overall, Carney appears to be emphasizing how hyper-focusing on immediate interests can undermine preparing for long-run risks according to this interpretation.