Economic Quote by Robert Pollin
“Both in the US and throughout the world, there needs to be a growing presence of public development banks. These banks would make loans based on social welfare criteria - including advancing a full-employment, climate-stabilization agenda - as opposed to scouring the globe for the largest profit opportunities regardless of social costs… Public development banks have always played a central role in supporting the successful economic development paths in the East Asian economies.”
About This Quote
Source Speech: Economic Forum, 2023
Public development banks should prioritize social welfare and climate goals over profit, mirroring successful Asian models.
In simple terms: Banks should fund social and climate aims.
Key Takeaway
Support welfare‑focused financing.
Themes
economics
public policy
climate
employment
development banks
Mood
analytical
optimistic
Type
policy
inspirational
When to use this quote
- infrastructure projects
- green energy loans
- small business support
Key Concepts
social welfare
full employment
climate stabilization
Questions to Reflect On
- What safeguards ensure accountability?
- How to measure social impact?
A Different Perspective
Balancing profit and purpose can be politically challenging.
![“[Canada's social welfare system is] an overgenerous reinsurance policy for an underachieving people.” quote by Conrad Black](https://sms4smile.com/quotes/img-quotes/de2/conrad-black-11016_people_canada-s-social-welfare-system-is-an-ove_226996.jpg)
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
