The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the ‘real' economy's ability to carry this debt. ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
Michael Hudson (economist)Related topics
ability build carry debt employ labor lie market overhead real globalRelated quotes
There is hardly any other sphere in which prejudice and superstition of the most horrific kind have been retained so long as in that of women, and just as it must have been an inexpressable relief for humanity when it shook off the burden of religious prejudice and superstition, I think it will be truly glorious when women become real people and have the whole world open before them.
Karen Blixen
"The "futures" and "careers" for which American students now prepare are for the most part intellectual and moral wastelands. This chrome-plated consumers' paradise would have us grow up to be well-behaved children. But an important minority of men and women coming to the front today have shown they will die rather than be standardized, replaceable, and irrelevant.
Mario Savio
History is a great teacher. Now everyone knows that the labor movement did not diminish the strength of the nation but enlarged it. By raising the living standards of millions, labor miraculously created a market for industry and lifted the whole nation to undreamed of levels of production. Those who attack labor forget these simple truths, but history remembers them.
Martin Luther King Jr.
We mustn't fear to adopt the advanced management methods applied in capitalist countries (...) The very essence of socialism is the liberation and development of the productive systems (...) Socialism and market economy are not incompatible (...) We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.
Deng Xiaoping
In a society of employees dominated by the marketing mentality, it is inevitable that a personality market should arise. For in the great shift from manual skills to the art of 'handling', selling and servicing people, personal or even intimate traits of employees are drawn into the sphere of exchange and become commodities in the labor market.
C. Wright Mills