Abundance Quote by Ronald Reagan
“Our economic assistance must be carefully targeted, and must make maximum use of the energy and efforts of the private sector... Economic freedom is the world's mightiest engine for abundance and social justice... Developing countries need to be encouraged to experiment with a growing variety of arrangements for profit sharing and expanded capital ownership.”
About This Quote
Source Speech: Address to the Nation on Economic Policy, 1982
Economic policies should leverage private sector energy and innovation to maximize growth and fairness.
In simple terms: Use private sector to boost economy and fairness.
Encourage private sector participation for broader prosperity.
Themes
Mood
Type
When to use this quote
- business development
- public‑private partnerships
- development aid
- regulatory reform
Key Concepts
Questions to Reflect On
- What safeguards ensure equitable outcomes?
- How can profit sharing be effectively implemented?
Over‑reliance on markets can increase inequality.