The angry men know that this golden age (of fossil fuels) has gone; but they cannot find the words for the constraints they hate. Clutching their copies of Atlas Shrugged, they flail around, accusing those who would impede them of communism, fascism, religiosity, misanthropy, but knowing at heart that these restrictions are driven by something far more repulsive to the unrestrained man: the decencies we owe to other human beings.
The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.
ألا يوجد وسط بين الإنغلاق والإنفتاح ؟ .. ألا توجد إستراحة لذوي الدخل المحدود؟
The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.
But the economic meltdown should have undone, once and for all, the idea of poverty as a personal shortcoming or dysfunctional state of mind. The lines at unemployment offices and churches offering free food includes strivers as well as slackers, habitual optimists as well as the chronically depressed. When and if the economy recovers we can never allow ourselves to forget how widespread our vulnerability is, how easy it is to spiral down toward destitution.
She planted that terror of debt so deeply in her children that even now, in a changed economic pattern where indebtedness is a part of living, I become restless when a bill is two days overdue. Olive never accepted the time-payment plan when it became popular. A thing bought on time was a thing you did not own and for which you were in debt. She saved for things she wanted, and this meant that the neighbours had new gadgets as much as two years before we did.
The aspirations of democracy are based on the notion of an informed citizenry, capable of making wise decisions. The choices we are asked to make become increasingly complex. They require the longer-term thinking and greater tolerance for ambiguity that science fosters. The new economy is predicated on a continuous pipeline of scientific and technological innovation. It can not exist without workers and consumers who are mathematically and scientifically literate.
It is ludicrous to believe that asset bubbles can only be recognized in hindsight,” he wrote. “There are specific identifiers that are entirely recognizable during the bubble’s inflation. One hallmark of mania is the rapid rise in the incidence and complexity of fraud…. The FBI reports mortgage-related fraud is up fivefold since 2000.” Bad behavior was no longer on the fringes of an otherwise sound economy; it was its central feature.
Für wahre Marktgläubige macht es keinen Sinn, wenn du sagst, dass es dir kein Vergnügen macht, dich in einen Wettbewerb mit deinen Mitmenschen zu begeben, und dass du dich lieber zurückziehen möchtest. Du kannst dich ja zurückziehen, wenn du möchtest, sagen sie, aber deine Konkurrenten werden es ganz gewiss nicht tun. Sobald du deine Waffen niederlegst, wirst du abgeschlachtet. Wir sind unausweichlich gefangen in einem Krieg aller gegen alle.
Waaant equity," hisses the alien intruder."You can't be Pamela Macx," says Pierre, his back to the wall, keeping the sword point before the lobster-woman-thing. "She's in a nunnery in Armenia or something. You pulled that out of Glashwiecz's memories - he worked for her, didn't he?"Claws go snicker-snack before his face. "Investment partnership!" screeches the harridan. "Seat on the board! Eat brains for breakfast!" It lurches sideways, trying to get past his guard.
Between the poorest 50 percent (who own 5 percent of total wealth, or an average of 20,000 euros each in the example [Europe 2010]) and the richest 10 percent (who own 60 percent of total wealth, or an average of 1.2 million euros each) lies the middle 40 percent: this “middle class of wealth” owns 35 percent of total national wealth, which means that their average net wealth is fairly close to the average for society as a whole—in the example, it comes to exactly 175,000 euros per adult.
You don't pay back your parents. You can't. The debt you owe them gets collected by your children, who hand it down in turn. It's a sort of entailment. Or if you don't have children of the body, it's left as a debt to your common humanity. Or to your God, if you possess or are possessed by one.The family economy evades calculation in the gross planetary product. It's the only deal I know where, when you give more than you get, you aren't bankrupted - but rather, vastly enriched.
So this is the boom, eh?” I said. “Not exactly Scott Fitzgerald, is it?” “I’ll tell you what it’s like,” he said glumly. “It’s like being in Caligula’s Rome, and everyone around you’s having an orgy, and you’re the mug stuck looking after the horse.” He pulled heavily on his cigarette. “The whole thing’ll come crashing down,” he said bleakly, “and all anyone’ll have done is eaten a lot of expensive cheese.
You know what—gyms make the largest chunk of their profit from clients who pay their monthly dues on auto-pay but never bother to show up and use the gym. The DVD-rental companies make a good chunk of their profits from late fees; the credit-card companies make a fortune on sundry fines and penalties; the airlines’ margins are highest on ticket changes and cancellations… So, the key to running a successful business in America is to sign up a customer and pray he’ll somehow screw up…
Look, girls know when they’re cute,” he said. “You don’t have to tell them. All they need to do is look in the mirror. I have one friend out in New York, an attorney. She moved out there after the school year to take the bar. She doesn’t have a job. I was like, ‘How are you going to get a job there in this market?’ And she’s like, ‘I’ll wink and I’ll smile.’ She’s a pretty girl. Whether that works despite her poor grades is yet to be seen.
