“What is happening is not a financial crisis or an economic downturn caused by the endogenous workings and self-sabotage of the capitalist system.”
“Extrapolation of the capitalist experience so far indicates that it is working for a progressively smaller segment of its population. At some point, its main problem will have to become its legitimation in the context of liberal democratic mode of social organization.”
A recent 4th grade Thanksgiving worksheet distributed in a New York public school had the title, â€œWhat Did Indian Women Do?â€ followed by fill-in-the blank answers for â€œtan hides,â€ â€œgather nuts,â€ and â€œmake pottery.â€
“Many of the unfair ‘opportunity hoarding’ mechanisms used by the upper middle class have racist origins â€“ exclusionary zoning, legacy preferences, for instance â€“ and now serve to entrench class positions, as well as racial gaps.”
“I approached Colin the Saturday before our next game to discuss how I could get involved with the cause but also how we could make a more powerful and positive impact on the social justice movement.”
“…someoneâ€™s ability to afford bail decides who returns home to wait for their day in court, rather than whether they pose a threat to the community. This is more than just a miscarriage of justice â€” it constitutes a threat to public safety.”
“Within this universe, economic policies are designed primarily for political marketability; economic science exists largely to provide impressive diagrams and equations to sell them with. Phrases designed in think tanks and focus groups (e.g. free market, wealth creators, personal responsibility, shared sacrifice) are repeated like incantations until it all seems like such unthinking common sense that no one even asks what the resulting picture has to do with social reality.”
If youâ€™re reading this, youâ€™re probably in the investment industry, or at least have an interest in financial markets. If youâ€™re in the investment industry or in the financial markets, you like to win. So youâ€™re not going to like my answer.
We play. And we lose.