What then is it that, since 2007, has caused Wall Street capitalism's own suicide? At the bottom of this worst financial mess in a century is this: Milton Friedman-Friedrich Hayek libertarian laissez-faire capitalism, permitted to run wild without regulation. This is the root source of today's travails. Both of these men are dead, but their poisoned legacies live on.
Paul SamuelsonRelated topics
bottom century dead men libertarian live regulation root run source street wall wild worst Milton HayekRelated quotes
But at some point, you know that- you know what poem keeps going through my mind is, "first they came for the Jews." People, all of us, are like, "Well, this news doesn't really affect me." "Well, I'm not a bondholder." "Well, I'm not in the banking industry." "Well, I'm not a big CEO." "Well, I'm not on Wall Street." "Well, I'm not a car dealer." "I'm not an auto worker."
Glenn Beck
It seemed perfectly possible that, in spite of my certainty of my own genius, I might die of some illness, or perhaps even in a street accident, before I had ever glimpsed the meaning of life. My moods of happiness and self-confidence convinced me that I had a "destiny" to become a famous writer, and to be remembered as one of the most important thinkers of the century.
Colin Wilson
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Thomas Piketty
Children will always be afraid of the dark, and men with minds sensitive to hereditary impulse will always tremble at the thought of the hidden and fathomless worlds of strange life which may pulsate in the gulfs beyond the stars, or press hideously upon our own globe in unholy dimensions which only the dead and the moonstruck can glimpse.
H. P. Lovecraft
The people resemble a wild beast, which, naturally fierce and accustomed to live in the woods, has been brought up, as it were, in a prison and in servitude, and having by accident got its liberty, not being accustomed to search for its food, and not knowing where to conceal itself, easily becomes the prey of the first who seeks to incarcerate it again.
Niccolò Machiavelli