#economic

This points to a nagging and important question about free-market ideologues: Are they ‘true believers’, driven by ideology and faith that free markets will cure underdevelopment, as is often asserted, or do the ideas and theories frequently serve as an elaborate rationale to allow people to act on unfettered greed while still invoking an altruistic motive? ↗

— Naomi Klein

#economics #free-market-ideology #milton-friedman #shock-doctrine #faith

Reconciliation means that those who have been on the underside of history must see that there is a qualitative difference between repression and freedom. And for them, freedom translates into having a supply of clean water, having electricity on tap; being able to live in a decent home and have a good job; to be able to send your children to school and to have accessible health care. I mean, what's the point of having made this transition if the quality of life of these people is not enhanced and improved? If not, the vote is useless.' -archbishop Desmond Tutu, chair of South Africa's Truth and Reconciliation Committee, 2001 ↗

— Naomi Klein

#freedom #politics #reform #freedom

I applied for your love like a recent MBA grad might apply at Walmart today. I grew a beard on my chest and laughed through my ass just to get your attention. ↗

— Jarod Kintz

#funny #love #mba #funny

It's really hard to be roomates with people if your suitcases are much better than theirs--if yours are the really good ones and theirs aren't. You think if they're intelligent and all, the other person, and have a good sense of humor, that they don't give a damn whose suitcases are better, but they do. They really do. ↗

— J.D. Salinger

#intelligence

I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition. ↗

— Joseph E. Stiglitz

#imf #politics #life

(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often. ↗

— Alfred Marshall

#life

Life is like a curve, horizontally or vertically, we are at origin point ↗

— Estiana Cahyawati

#life #life

Every time you spend money, you're casting a vote for the kind of world you want. ↗

— Anna Lappe

#philosophy #money

Facing a deteriorating economy and a weakening hold over the populace, the Iraqi state under Saddam Hussein opted to revitalize tribal leaders and conservative practices as a means of stabilizing state power; those conservative practices were not an inherent feature of a predominantly Muslim country. ↗

— Nadje Al-Ali

#foreign-policy #government #iraq #iraqi-state #islam

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. ↗

— Warren Buffett

#class-warfare #economics #economics-greed #economics-money #inequality