A Quote by Doug Henwood
Behind the abstraction known as 'the markets' lurks a set of institutions designed to maximize the wealth and power of the most privileged group of people in the world, the creditor-rentier class of the First World and their junior partners in the Third.
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It's designed to carry forward the neoliberal project to maximize profit and domination, and to set the working people in the world in competition with one another so as to lower wages to increase insecurity
The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism - the system of private property, free markets, and free enterprise.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
Policies are designed to undermine working class organization and the reason is not only the unions fight for workers' rights, but they also have a democratizing effect. These are institutions in which people without power can get together, support one another, learn about the world, try out their ideas, initiate programs, and that is dangerous. That's like a referendum in Greece. It is dangerous to allow that.
Capital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation's wealth, power, and control. It is what John Maynard Keynes described as "a casino world"-wealth without worth.
There's no question that how Johannesburg operates is what made me interested in the idea of wealth discrepancy. 'Elysium' could be a metaphor for just Jo'burg, but it's also a metaphor for the Third World and the First World. And in science fiction, separation of wealth is a really interesting idea to mess with.
I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.
You may be trying to attain power in this world, then you start trying to attain power in that world. First you want to attain wealth in this world, then you try to attain wealth in that world. But you remain the same, and the mind and the functioning and the whole scheme remains the same: Attain! Reach! This is the ego trip. The achieving mind is the ego.
Usually, people in the Islamic world set aside one-third or one-fourth of their wealth for endowment, and that will be effective only after their death. But in my case, I decided to implement this decision in my lifetime itself.
Korea can't become a 'first-class' nation unless regulation and 'a sense of power' disappear. The nation's politics is the fourth-class, bureaucratic are the third-class, and business is the second-class.
I strongly believe that those of us who are privileged to have wealth should contribute significantly to try and create a better world for the millions who are far less privileged.
I strongly believe that those of us, who are privileged to have wealth, should contribute significantly to try and create a better world for the millions who are far less privileged
MoMA is one of the world's great cultural institutions with one of the world's premier Boards and Museum leadership. It is my distinct pleasure to work with such a talented and highly qualified group. I salute Bob Menschel for the high bar he has set and follow him in the position of Chairman with all the respect he has earned.
Behind the deceptive words designed to entice people into supporting violence -- words like democracy, freedom, self-defense, national security -- there is the reality of enormous wealth in the hands of a few, while billions of people in the world are hungry, sick, homeless.
Of course, Third World leaders love you. By ascribing third world ills to First World sins, you absolve them of blame for their countries' failure to advance.
Japan is the largest creditor country in the world, so we have made contributions to the stability of international markets and we want this IMF meeting to confirm that we will continue to contribute.
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