#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

Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass our former standards...and only if every one of us is ready to individually obey the necessities of readjustment shall we be able to get through a difficult period as free men who can choose their own way of life. Let a uniform minimum be secured to everybody by all means; but let us admit at the same time that with this assurance of a basic minimum all claims for a privileged security for particular classes must lapse.... ↗

— Friedrich A. von Hayek

#life

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

Occult Theft,--Theft which hides itself even from itself, and is legal, respectable, and cowardly,--corrupts the body and soul of man, to the last fibre of them. And the guilty Thieves of Europe, the real sources of all deadly war in it, are the Capitalists ↗

— John Ruskin

#communism #economics #respect

The media are desperately afraid of being accused of bias. And that's partly because there's a whole machine out there, an organized attempt to accuse them of bias whenever they say anything that the Right doesn't like. So rather than really try to report things objectively, they settle for being even-handed, which is not the same thing. One of my lines in a column—in which a number of people thought I was insulting them personally—was that if Bush said the Earth was flat, the mainstream media would have stories with the headline: 'Shape of Earth—Views Differ.' Then they'd quote some Democrats saying that it was round. ↗

— Paul Krugman

#conservatism #conservatism-in-the-us #democratic-party-united-states #economics #flat-earth

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned. ↗

— Thomas Sowell

#earnings #economics #income #socialism #wealth

I might be writing what people expect me to write, writing from that place where I might be ruled by economic considerations. To overcome that, I started working with my dreams, because I'm not so censored when I use dream material. ↗

— Kathy Acker

#censored #considerations #dream #dreams #economic

Much of what Tea Party candidates claimed about the world and the global economy during the 2010 elections would have earned their adherents a well-deserved F in any freshman economics (or earth science) class. ↗

— Eric Alterman

#adherents #any #candidates #claimed #class

First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign '90s. ↗

— Marc Andreessen

#benign #built #challenge #company #economic