Capacity Quote by Howard Warren Buffett
“We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible things happen. But something about the American system unleashed more and of a potential to human beings over that hundred years so that we had a seven for one improvement in - there's never been any - I mean, you have centuries where if you've got a 1 percent improvement, then it's something. So we've got a great system. And we've got more productive capacity now than we ever have.”
About This Quote
Source Speech: Economic Outlook, 2023
The speaker credits the American system for fostering unprecedented human potential and productivity despite historical crises.
In simple terms: America’s system drives massive progress.
Key Takeaway
Leverage systemic strengths for innovation.
Themes
progress
systemic resilience
human potential
economics
Mood
optimistic
analytical
Type
economic
historical
When to use this quote
- policy analysis
- business strategy
- economic forecasting
Key Concepts
innovation
productivity
historical cycles
Questions to Reflect On
- What mechanisms in the system enable such growth?
- How can we address the gaps it creates?
A Different Perspective
May understate systemic flaws and inequalities.
![“If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about…” quote by Howard Warren Buffett](https://sms4smile.com/quotes/img-quotes/182/howard-warren-buffett-16158_cost_if-you-really-think-that-houses-prices-a_486111.jpg)
