There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call the… - J. R. D. Tata

" "

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call themselves socialist would object to theirs not being described as a mixed economy, for it would imply that it was a totalitarian one, while countries like Germany or Japan, usually thought of as having typically free enterprise economies, would do the same; for, otherwise, it would imply that theirs was a nineteenth century laissez-faire economy.

English
Collect this quote

About J. R. D. Tata

Jehangir Ratanji Dadabhoy Tata (29 July 1904 – 29 November 1993) was a French-born Indian aviator and business tycoon. He was the former Chairman of . He became India's first licensed pilot in 1929. In 1983, he was awarded the French Legion of Honour and, in 1992, India's highest civilian award, the Bharat Ratna.

Also Known As

Native Name: Jehangir Ratanji Dadabhoy Tata
Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by J. R. D. Tata

Road to Social Justice. The first and perhaps the most important of the factors which have contributed to our failure to make real impact on poverty expressed in terms of total number who live below the poverty line has clearly been the uncontrolled growth of our population...First, we must, at all costs, make a much more earnest effort at controlling the growth of our population. As it is, we are running out of time and there is no longer any possibility of preventing it from exceeding 1,000 million souls by the end of the century.

Loading...