A Quote by Chrystia Freeland
Plutocrats were the chief beneficiaries of so-called neoliberalism and the suite of political changes it brought beginning in the late 1970s - deregulation, weaker protection for unions, the shareholder value movement, and the subsequent inflation of executive compensation.
Related Quotes
We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
It was my fortune, or misfortune, to be called to the office of Chief Executive without any previous political training.
I have to say that every white-collar criminal defense lawyer knows when the chief financial officer turns state's evidence, everyone in the executive suite is in a lot of trouble because the chief financial officer knows exactly where the money is coming and going.
As I, as a worker, came to know them, the aims of German trade unions were political, and there were a number of various trade unions with varied political views.
I would be uncomfortable raising the federal funds rate if readings on wage growth, core consumer prices, and other indicators of underlying inflation pressures were to weaken, if market-based measures of inflation compensation were to fall appreciably further, or if survey-based measures were to begin to decline noticeably.
During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.
When you give chief executives too much compensation in stock options, they concentrate too much on the stock price, and there is a perverse incentive to raise the stock price, particularly when the chief executive wants to exercise his own options.
Ideally there should not be a men's movement but a gender transition movement; only the power of the women's movement necessitates the temporary corrective of a men's movement. And this creates a special challenge for men: There are few political movements filled with healthy people, yet few healthy changes have occurred without political movements.
A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, limited government way of life. Many business ventures fail entirely. Who then are the beneficiaries? The masses!
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
The unions need to be taken on. British Airways is massively over-staffed and has got to get its costs down. . . . The problem for [chief executive] Willie Walsh is that the board of BA has no spine, no balls and no vision.
Numerous studies have shown income inequality growing since the late 1970s. Real earnings have fallen for many families, with globalization, the decline of unions and technological innovations eroding workers' wages.
If you value the democratic process, you have to value the protection of political speech.
The ideology of neoliberalism, with its privatization, its deregulation, its emphasis on consumption, its elimination of basically apparatuses that can provide alternative points of view, has been so powerful and so normalized.
The Tea Party movement started in late 2008 as a rejection of President George W. Bush's bailout of the auto industry and Obama's excessive stimulus spending. It evolved into a movement opposed to ObamaCare, and grassroots efforts were employed to find qualified political candidates who could beat incumbents.
Related Authors
Ani DiFranco Quotes
American
Musician
Bob Dylan Quotes
American
Musician
Brian Eno Quotes
British
Musician
Bruce Springsteen Quotes
American
Musician
David Bowie Quotes
English
Musician
Drake Quotes
Canadian
Musician
Elton John Quotes
English
Musician
George Harrison Quotes
British
Musician
Henry Rollins Quotes
American
Musician
John Lennon Quotes
English
Musician
Madonna Ciccone Quotes
American
Musician
Moby Quotes
American
Musician
Nicki Minaj Quotes
American
Musician
Patti Smith Quotes
American
Musician
Thom Yorke Quotes
English
Musician
Tori Amos Quotes
American
Musician