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"The idea that the profits of capital are really the rewards of a just society for the foresight and thrift of those who sacrificed the immediate pleasures of spending in order that society might have productive capital, had a certain validity in the early days of capitalism, when productive enterprise was frequently initiated through capital saved out of modest incomes."

— Reinhold Niebuhr
reinhold niebuhr Quotes Foresight,Productive,Spending

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Reinhold Niebuhr
Foresight
Productive
Spending
Consumerism
Saved
Enterprise
Profit
Thrift
Modest
Overconsumption

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Consumerism has become a new religion, complete with its high priests at Which? and its fatwas against anyone with the temerity to try to sell anything at more than cost price ... It is a depressingly medieval outlook on economic life.

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