That’s got to stop,” says I. “The idea of any blood-thirsty pirate (Mexican President Diaz) sitting on a throne and reaching across the border to tromp on our Constitution makes my blood boil.” — Mother Jones
Jerry AshTag: social democracy capitalism economics military poverty labor industry slavery political unions mining great-depression sweatshops industrial-revolution miners robber-barons child-labor mill-workers yellow-journalism
Turning back to the crowd I say, “I am duty bound to make this plea, but I want to say, with all due respect to the governor here, that I doubt seriously that he will do — cannot do — anything. And for the reason that he is owned, lock, stock and barrel, by the capitalists who placed him here in this building.” — Mother Jones
Jerry AshTag: social democracy capitalism economics military poverty labor industry slavery political unions mining great-depression sweatshops industrial-revolution miners robber-barons child-labor mill-workers yellow-journalism
To the RKO motion picture camera at her 100th birthday party: “I pray for the day when working men and women are able to earn a fair share of the wealth they produce in a capitalist system, a day when all Americans are able to enjoy the freedom, rights and opportunities guaranteed them by the Constitution of the United States of America.” — Mother Jones
Jerry AshTag: social democracy capitalism economics military poverty labor industry slavery political unions mining great-depression sweatshops industrial-revolution miners robber-barons child-labor mill-workers yellow-journalism
An artist that makes art merely to meet a demand is a slave to what his patrons wants to see, or, hear.
Mokokoma MokhonoanaTag: art economics artists slavery patrons supply-and-demand
Sustainability is best illustrated by those who sell food … just so they afford something to eat.
Mokokoma MokhonoanaTag: food economics survival sustainability sustenance
Goods are traded, but services are consumed and produced in the same place. And you cannot export a haircut. But we are coming close to exporting a haircut, the appointment part. What kind of haircut do you want? Which barber do you want? All those things can and will be done by a call center far away.
Thomas L. FriedmanTag: economics haircut barber call goods exports appointment
Rich or poor it’s nice to have money
Alan SheinwaldTag: life truth perception goals progress happiness equality knowledge reason wealth obvious philosophy integrity carpe-diem eternity fate plans change economics accomplishment different strategy hypocrisy good independent-thought attributed importance alan-sheinwald
Failure to recognize the historical specificity of the bourgeois conception of rights and duties leads to serious errors. It is for this reason that Marx registers...a vigorous indictment of the anarchist Proudhon... Proudhon in effect took the specifics of bourgeois legal and economic relations and treated them as universal and foundational for the development of an alternative, socially just economic system. From Marx's standpoint, this is no alternative at all since it merely re-inscribes bourgeois conceptions of value in a supposedly new form of society. This problem is still with us, not only because of the contemporary anarchist revival of interest in Proudhon's ideas but also because of the rise of a more broad-based liberal human rights politics as a supposed antidote to the social and political ills of contemporary capitalism. Marx's critique of Proudhon is directly applicable to this contemporary politics. The UN Universal Declaration of Human Rights of 1948 is a foundational document for a bourgeois, market-based individualism and as such cannot provide a basis for a thoroughgoing critique of liberal or neoliberal capitalism. Whether it is politically useful to insist that the capitalist political order live up to its own foundational principles is one thing, but to imagine that this politics can lead to a radical displacement of a capitalist mode of production is, in Marx's view, a serious error.
David HarveyTag: liberalism capitalism economics individualism revolution marx value human-rights anarchism rights un harvey neoliberalism proudhon
it was Greenspan who through some excessive deregulation prepared the monetary ground for the rise of the subprime mortgage companies: a lending market that specialises in high-risk mortgages and loans.
'Innovation', said Greenspan in April 2005, 'has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants'.
It is almost touching to find out that Greenspan cares so much about immigrants.
Tag: humor economics immigration
The overall U.S. homeownership rate increased from 64 percent in 1994 to a peak in 2004 with an all-time high of 69.2 percent. Real estate had become the leading business in America, more and more speculators invested money in the business. During 2006, 22 percent of homes purchased (1.65 million units) were for investment purposes, with an additional 14 percent (1.07 million units) purchased as vacation homes.
These figures led Americans to believe that their economy was indeed booming. And when an economy is booming nobody is really interested in foreign affairs, certainly not in a million dead Iraqis. But then the grave reality dawned on the many struggling, working class Americans and immigrants, who were failing to pay back money they didn't have in the first place.
Due to the rise in oil prices and the rise of interest rates, millions of disadvantaged Americans fell behind. By the time they drove back to their newly purchased suburban dream houses, there was not enough money in the kitty to pay the mortgage or elementary needs. Consequently, within a very short time, millions of houses were repossessed. Clearly, there was no one around who could afford to buy those newly repossessed houses. Consequently, the poor people of America became poorer than ever.
Just as Wolfowitz's toppled Saddam, who dragged the American Empire down with him, the poor Americans, that were set to facilitate Wolfowitz's war, pulled down American capitalism as well as the American monetary and banking system. Greenspan's policy led an entire class to ruin, leaving America's financial system with a hole that now stands at a trillion dollars.
Tag: economics
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