--- title: "Meaning & Key Takeaway of: There is no economic failure so terrible…" description: "\"“There is no economic failure so terrible in its import as that of a country possessing a surplus of every necessity of life in which numbers willing a..." image: "https://sms4smile.com/quotes/i/929/herbert-hoover-1115_economic-system_there-is-no-economic-failure-so-terrible_1540665.jpg" --- # There is no economic failure so terrible in its import as… ![“There is no economic failure so terrible in its import as that of a country possessing a surplus of every necessity of life in which numbers willing and anxious to work, are deprived of dire necessities. It simply cannot be if our moral and economic system is to survive.” quote by Herbert Hoover](https://sms4smile.com/quotes/i/929/herbert-hoover-1115_economic-system_there-is-no-economic-failure-so-terrible_1540665.jpg) [Download](https://sms4smile.com/quotes/i/929/herbert-hoover-1115_economic-system_there-is-no-economic-failure-so-terrible_1540665.jpg) [Open image](https://sms4smile.com/quotes/i/929/herbert-hoover-1115_economic-system_there-is-no-economic-failure-so-terrible_1540665.jpg) > ““There is no economic failure so terrible in its import as that of a country possessing a surplus of every necessity of life in which numbers willing and anxious to work, are deprived of dire necessities. It simply cannot be if our moral and economic system is to survive.”” [Herbert Hoover](https://sms4smile.com/quotes/author/herbert-hoover/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A society that has all material comforts but lacks basic necessities for its workers cannot sustain its moral and economic foundations. **In simple terms:** We need basic needs before surplus. Key Takeaway Ensure essential needs are met for all workers. Themes economics morality social justice policy resource allocation Mood concerned reflective urgent Type political philosophical sociological When to use this quote - government welfare programs - minimum wage legislation - food security initiatives - housing assistance - healthcare access Key Concepts surplus paradox human dignity systemic risk inequality sustainability Questions to Reflect On - How can societies balance abundance with basic need provision? - What policies protect workers from deprivation despite overall wealth? A Different Perspective If surplus is mismanaged, it can exacerbate inequality rather than prevent failure. ★ ★ ★ ★ ★ No ratings yet [Dire Necessities](https://sms4smile.com/quotes/about/dire-necessities-5736965/) [Economic Failure](https://sms4smile.com/quotes/about/economic-failure-307844/) [Economic Survive](https://sms4smile.com/quotes/about/economic-survive-3176849/) [Economic system](https://sms4smile.com/quotes/about/economic-system/) [Economy](https://sms4smile.com/quotes/about/economy/) [Failure](https://sms4smile.com/quotes/about/failure/) [Inequality](https://sms4smile.com/quotes/about/inequality/) [Life](https://sms4smile.com/quotes/about/life/) [Moral Economic](https://sms4smile.com/quotes/about/moral-economic-432813/) [Surplus Necessity](https://sms4smile.com/quotes/about/surplus-necessity-5736964/) ## Related quotes > [If our economic system is to survive, there has to be a better distribution of wealth ... we can't have a system where some…](https://sms4smile.com/quotes/martin-luther-king-jr/if-our-economic-system-is-to-survive-there-has-to-be-a-better/) [Martin Luther King, Jr](https://sms4smile.com/quotes/author/martin-luther-king-jr/) > [“To our benefit, death isn't affected by an economic failure, and it never takes a holiday. 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