We have been living in an ideological bubble - one of market fundamentalism.From the trauma of the Great Depression to 1973, there was a broad consensus across the democratic world that markets were absolutely essential to generate wealth, but they will also cause all sorts of problems if they are left unregulated. Economists like JM Keynes and JK Galbraith taught us that if you abolish markets, you get starvation; but if you abolish all the democratic checks and balances on markets, you get a system that eats itself. Unregulated businesses will cause unsustainable levels of pollution and inequality, and ultimately start pursuing unhinged business models that cause the whole system to collapse.
Johann HariRelated topics
across business cause consensus democratic depression great inequality left living market start teach wealth Keynes trauma fundamentalism eatsRelated quotes
The major difference between the left and the right when it comes to any movement dedicated to overthrowing the free-market order-corporatist, authoritarian, etc.-is which groups will be the winners and which groups will be the losers. A left-wing system might empower labor leaders, government bureaucrats, progressive intellectuals, universities, certain minority groups, and one set of industries. A right-wing system might reward a different set of industries as well as traditional religious groups and their leaders, an ethnic majority, aristocrats, or perhaps rural interests. But both systems would be reactionary in the sense that they rejected the legacy of the Lockean revolution...
Jonah Goldberg
Writers after Coase have referred to the authority structure of the firm as a "visible hand" that works in combination with Smith's invisible hand. The everyday fact that employers exercise power over their employees - not news to most employees - had been a central theme in Marx's economics, but it was (and generally continues to be) overlooked by most neoclassical economists. Early in his studies Coase noted the similarity between the hierarchical organization of capitalist firms, with their reliance on command relations, and the then-existing system of centralized economic planning in the Communist countries, where production was carried out in accordance with orders from higher authorities and where market competition played little role.
Samuel Bowles
Steal music from napster while you have the chance. find free porn on the internet. sneak across the border into mexico just for the irony. how come every one on the internet is "hot"? tell your parents the truth. start your own army. adopt a dog. tell your children the truth. stop complaining and go out and do something about it. jump out of a fucking plane. stop reading this crap right now. don't listen to me. i don't have any answers and i stole the questions from someone else. read a good book. dont beat yourself up. question authority but don't forget to do what your told. turn off your computer right now and go outside and let people into your life.
Jared Leto
I have presented the periodic table as a kind of travel guide to an imaginary country, of which the elements are the various regions. This kingdom has a geography: the elements lie in particular juxtaposition to one another, and they are used to produce goods, much as a prairie produces wheat and a lake produces fish. It also has a history. Indeed, it has three kinds of history: the elements were discovered much as the lands of the world were discovered; the kingdom was mapped, just as the world was mapped, and the relative positions of the elements came to take on a great significance; and the elements have their own cosmic history, which can be traced back to the stars.
Peter Atkins
We should stop pretending that the US is a functioning democracy; Citizens United proves we are not-when the courts grant citizenship powers to corporations, money and greed become the nation's lifeblood, not the will of the people. The American people have allowed themselves to be dumbed down to the point that their opinions are easily manipulated by corporate-owned and controlled mainstream media. The inability to function as a viable component of government has resulted in the "people” fracturing into competing ideological and socio-economic fiefdoms. American democracy is little more than feudalistic plutocracy. It's an unsustainable model doomed to collapse in on itself.
Scott Ritter