Posts Tagged ‘louis brandeis’

Louis Brandeis: Taking Others’ Golden Eggs

Posted by admin on Sunday, November 8, 2015

Louis Brandeis 1913 Money Quotation saying it is more efficient to take other people’s golden eggs than to wait for yours to be laid by the goose. Louis Brandeis said:
 
Louis Brandeis more profitable is the privilege of taking the golden eggs laid by somebody else's goose. The investment bankers and their associates now enjoy that privilege quote
 

“The goose that lays golden eggs has been considered a most valuable possession. But even more profitable is the privilege of taking the golden eggs laid by somebody else’s goose. The investment bankers and their associates now enjoy that privilege” — Louis Brandeis

 

Share </> Quote Image

Share the Louis Brandeis Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 
 

Louis Brandeis seems to be criticizing the business practices of investment bankers during his time. He suggests that while owning a successful business that generates profits (“lays golden eggs”) can be very lucrative, it is even more profitable to exploit the success of other people’s businesses without contributing meaningful value yourself.

Brandeis implies that investment bankers of the era were excessively focused on extracting profits from companies they did not create, rather than adding real value through their work.

His remarks portray investment banking as privileging profiting off the work of others over creating businesses and economic opportunities themselves through innovation and risk-taking.

Louis Brandeis on Corporate Oligarchy

Posted by admin on Friday, September 27, 2013

Louis D. Brandeis Money Quotation saying over 70 years ago while Supreme Court Justice that we must choose between true representative government or corporate oligarchy ruled by wealth. Louis D. Brandeis said:
 
We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both Quote
 

“We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both” — Louis D. Brandeis

 

Share </> Quote Image

Share the Louis D. Brandeis Money quote image above on your site:

 

Short Link to this Quote:

[collapse]

 

In this quote, Supreme Court Justice Louis Brandeis is making the argument that concentrated economic power and a robust democratic system are inherently at odds. He suggests it is not possible to maintain a true democracy when wealth is heavily concentrated “in the hands of a few” individuals or corporations.

Brandeis implies that immense financial influence will inevitably be used to shape policy-making and politics in a way that undermines popular representation. The quote conveys Brandeis’ view that democratic governance depends on a broad distribution of economic power that prevents any single group from dominating the political process according to its narrow interests.

He appears to believe measures are needed to deconcentrate wealth in order to protect mass participation and self-rule in society.

No, Toto, I don't think we're in Democracy anymore

Steve Sack, The Minneapolis Star Tribune


 
Money Quotes Daily

Money Quotes Daily