#inequality

Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy. ↗

— Frances O'Grady

#balance #before #britain #cards #case

The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s. ↗

— Frances O'Grady

#causes #crash #dominant #economic #greatest

Communism is inequality, but not as property is. Property is exploitation of the weak by the strong. Communism is exploitation of the strong by the weak. ↗

— Pierre-Joseph Proudhon

#exploitation #inequality #property #strong #weak

Another example of the educational inequality is the current debate over publicly financed school vouchers which will provide educational opportunities to a privileged handful, but deprive public schools of desperately needed resources. ↗

— Bobby Scott

#current #debate #deprive #desperately #educational

Inequality for gay and lesbian people is no longer a debatable issue in either church or state. ↗

— John Shelby Spong

#debatable #either #gay #inequality #issue

You can't solve a problem as complex as inequality in one legal clause. ↗

— Theresa May

#complex #inequality #legal #problem #solve

The very existence of government at all, infers inequality. The citizen who is preferred to office becomes the superior to those who are not, so long as he is the repository of power, and the child inherits the wealth of the parent as a controlling law of society. ↗

— James F. Cooper

#child #citizen #controlling #existence #government

Occupying the bottom end of the inequality ladder, and becoming a 'collateral victim' of a human action or a natural disaster, interact the way the opposite poles of magnets do: they tend to gravitate towards each other. ↗

— Zygmunt Bauman

#social #age

There is, I am sensible, an age at which every individual of you would choose to stop; and you will look out for the age at which, had you your wish, your species had stopped. Uneasy at your present condition for reasons which threaten your unhappy posterity with still greater uneasiness, you will perhaps wish it were in your power to go back; and this sentiment ought to be considered, as the panegyric of your first parents, the condemnation of you contemporaries, and a source of terror to all those who may have the misfortune of succeeding you. ↗

— Jean-Jacques Rousseau

#age

The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent. ↗

— Ha-Joon Chang

#inequality #change