Beggar Thy Neighbour
In economics, a beggar-thy-neighbour policy is an economic policy through which one country attempts to remedy its economic problems by means that tend to worsen the economic problems of other countries.
Read more about Beggar Thy Neighbour: Original Application, Extended Application, Other Uses
Famous quotes containing the words beggar, thy and/or neighbour:
“In the race for wealth, a neighbor tries to outdo his neighbor, but this strife is good for men. For the potter envies potter, and the carpenter the carpenter, and the beggar rivals the beggar, and the singer the singer.”
—Hesiod (c. 8th century B.C.)
““Take thy beak from out my heart, and take thy form from off my door!”
Quoth the Raven, “Nevermore.””
—Edgar Allan Poe (1809–1845)
“In great cities men are brought together by the desire of gain. They are not in a state of co-operation, but of isolation, as to the making of fortunes; and for all the rest they are careless of neighbours. Christianity teaches us to love our neighbour as ourself; modern society acknowledges no neighbour.”
—Benjamin Disraeli (1804–1881)