Achievement Quote by Owen D. Young
“Capital which overreaches for profits; labor which overreaches for wages, or a public which overreaches for bargains will all destroy such other. There is no salvation for us on that road.”
About This Quote
Source Book: The Balance of Power, Owen D. Young, 1935
Excessive pursuit of profit, wages, or bargains by any group harms all; balance is essential.
In simple terms: Overreaching in economics leads to ruin.
Key Takeaway
Seek economic equilibrium.
Themes
economics
balance
social justice
Mood
concerned
analytical
Type
philosophical
political
When to use this quote
- government policy
- corporate strategy
- labor negotiations
Key Concepts
tragedy of the commons
market regulation
Questions to Reflect On
- What policies promote fair distribution?
- How can stakeholders cooperate?
A Different Perspective
Achieving balance is politically difficult.
