Collaboration Between Public Regulation and Private Initiatives
Inspired by Saint-Simonism, Napoleon III, and engineers such as Michel Chevalier or entrepreneurs like the Pereire brothers, believed that society could be transformed and poverty reduced by economic voluntarism, according to which the government should play an important part in economic affairs. It took a strong or even authoritarian regime to encourage capitalists in launching important projects that would benefit society as a whole, and particularly the poor. The heart of the economic system was the banks, which at the time underwent considerable expansion. The renovations of Paris matched this political orientation perfectly. Haussmann's projects would hence be decided and managed by the state, carried out by private entrepreneurs and financed with loans backed by the state.
Read more about this topic: Haussmann's Renovation Of Paris
Famous quotes containing the words public, regulation, private and/or initiatives:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)
“I feel about exercise the same way that I feel about a few other things: that there is nothing wrong with it if it is done in private by consenting adults.”
—Anna Quindlen (b. 1952)
“It is well known, that the best productions of the best human intellects, are generally regarded by those intellects as mere immature freshman exercises, wholly worthless in themselves, except as initiatives for entering the great University of God after death.”
—Herman Melville (1819–1891)