Economic system Quote by Oswald Mosley
““It is the principal paradox of this period that the only sphere of our economic system in which government intervention is urgently necessary is also the only point at which action of the State is now effectively inhibited. It is in the region of wages and prices that we really require the continual economic leadership of government, but in our prevailing trade structure any such suggestion has come to be regarded as impious.””
About This Quote
Source Speech: Economic Policy Address, 1930s, United Kingdom
The quote argues that government must intervene in wages and prices, yet prevailing trade policies block such action, creating a paradox.
In simple terms: Government needed in wages and prices but blocked by trade rules.
Key Takeaway
Recognize and address policy contradictions.
Themes
economics
government
paradox
trade
policy
Mood
critical
analytical
Type
political
economic
philosophical
When to use this quote
- labor negotiations
- price setting
- policy reform
- economic planning
Key Concepts
intervention
price control
wage regulation
trade barriers
Questions to Reflect On
- How can policymakers reconcile intervention needs with trade constraints?
- What alternatives exist to influence wages without direct control?
A Different Perspective
Implementation may face political resistance and ideological opposition.
![“[...] in a predatory capitalist economy, state intervention would be an absolute necessity to preserve human existence and to prevent the destruction of the physical environment [...].” quote by Noam Chomsky](https://sms4smile.com/quotes/img-quotes/b9e/noam-chomsky-42_capitalism_in-a-predatory-capitalist-economy-state_2920823.jpg)
