A Quote by Henry Giroux

I mean, the people who got us into these crises - whether we're talking about the bankers or the hedge fund managers, or we're talking about the IMF - it's become pretty clear that the price to be paid for their illegal financial shenanigans, the burden is being placed on working class people, on the poor, on the elderly, on young people. It's become clear that neoliberal policies aren't just interested in "solving" an economic crisis, these are policies designed to enrich corporations and bankers and the rich at the expense of everybody else.
Misguided economic and tax policies have hampered growth, allowing the rich to become richer while turning the middle class into the working poor.
She [Hillary Clinton] knows the people well. I think there is - you know, also talking about breaking down barriers and talking about that, whether we`re talking about that in economic terms. I mean, she`s the only person who has been out there talking about white privilege and talking about sort of the intersectionality of some of these issues.
It seems evident that the IMF has learned nothing from its inequality-inducing policies during the 1980s debt crises in Latin America nor from its recession-deepening response to the East Asian crisis of the late 1990s. In both regions, the IMF has become synonymous with making bad situations worse.
If you want better behavior from bankers, then make their financial incentives more like those in the hedge-fund world - where managers have 'skin in the game,' and their net worth is tied to their long-term performance.
I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.
It surprises people that there's actually a very large number of slaves in the world today-our best estimate is 27 million. And that is defining a slave in a very narrow way; we're not talking about sweatshop workers or people who are just poor, we're talking about people who are controlled by violence, who cannot walk away, who are being held against their will, who are being paid nothing.
Anyone interested in the past, present, or future of banking and financial crises should read The Bankers' New Clothes. Admati and Hellwig provide a forceful and accessible analysis of the recent financial crisis and offer proposals to prevent future financial failures. While controversial, these proposals--whether you agree or disagree with them--will force you to think through the problems and solutions.
Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world.
There is something I like about talking to journalists that really goes beyond promotion because you aren't just talking to the journalist, but you are talking through them to people who presumably are fans of the Rolling Stones. The interviews give you a chance to say a few things and maybe clear up some of the things people read about the band.
In the 1960s everybody knew about Christine Keeler and Mandy Rice-Davies. No matter what class people belonged to, they were talking about these two young girls who had become mixed up in the Profumo affair. Extraordinary times.
Here is the crisis of the times as I see it: We talk about problems, issues, policies, but we don't talk about what democracy means - what it bestows on us - the revolutionary idea that it isn't just about the means of governance but the means of dignifying people so they become fully free to claim their moral and political agency.
I enjoy talking to young people, and talking to people about helping young people. That part is not a chore. It's pretty fun, and something I like to do because I think it's important.
When I'm talking about the white working class, here's what I'm defining: high school degree, no more, and working in a blue-collar job or a low-skilled service job. When I'm talking about the white, upper-middle class, I'm talking about people who work in the professions or managerial jobs and have at least a college degree.
When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.
Democracy entails a correlation between the public interest as expressed by a majority of the population and the governmental policies that affect them. The term encompasses various manifestations, including direct, participatory and representative democracy, but Governments must be responsive to people and not to special interests such as the military-industrial complex, financial bankers and transnational corporations. Democracy is inclusive and does not privilege an anthropological aristocracy.
God wants us to show compassion and understanding toward the unemployed or the poor not because they are poor, but because poor people, with help from those who are already successful, can become rich. And when the poor become rich, all will benefit, because in our modern economy new unemployment is the first sign of economic growth.
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