Country Quote by Eugene Scalia
“This is not a country where we look lightly at tens of millions of dollars in lost direct costs in restructuring entire industries, and say, well, that's not irreparable harm, it doesn't concern us.”
About This Quote
Source Speech: Legal Conference, 2010
Ignoring massive financial losses in restructuring shows disregard for economic impact.
In simple terms: Don't ignore large financial losses.
Key Takeaway
Consider economic consequences in policy.
Themes
economics
restructuring
policy
Mood
analytical
critical
Type
legal
economic
When to use this quote
- government decisions
- corporate strategy
- public budgeting
- media analysis
Key Concepts
law
finance
Questions to Reflect On
- What trade-offs justify ignoring losses?
- How can policymakers balance costs and benefits?
A Different Perspective
Complex decisions may prioritize other factors.
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
