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"Feudalism is an economic system where a few people own all the land and the others have no option but to be serfs on such a feudal estate. We now condemn feudalism. We condemn not merely the feudal lords but we condemn the whole structure of rules that sustained feudalism. I am asking people to think similarly about the world economy."

— Thomas Pogge
thomas pogge Quotes World Economy,Estates,Economic Systems

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Thomas Pogge
World Economy
Estates
Economic Systems
Feudalism
Serfs

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The experience of the past lives little doubt that every economic system must sooner or later rely upon some form of the profit motive to stir individuals and groups to productivity. Substitutes like slavery, police supervision, or ideological enthusiasm prove too unproductive, too expensive, or too transient.

— Will Durant

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