A Quote by Frances O'Grady

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.
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
We are seeing a working-class, a middle class, which over the last three decades has seen their wages and income stagnate, while the very rich have seen their tax burden lighten in ways not seen in three or four decades. It's a face of a country that we need to look at and understand that inequality is perhaps the greatest threat to our economic recovery and democracy, and in that context we must take action.
Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.
We are under the stifling regulation and taxes of a predominantly left-wing type of thinking and philosophy. The eight years of Barack Obama have shrouded this country in punitive regulations. We haven't had economic growth higher than one and a half percent for the last eight or nine years, and that was done on purpose. There have been robust times in the past, and there are a lot of people right now that are doing well and are growing. But generally it ought to be much better in the past. There needs to be an economic revival.
To have to introduce a new product at the worst economic time in the last 50 years probably wasn't the greatest thing to have happened.
I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?
We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.
I feel that this is my first year, that next year is an election year, that the third year is the mid point, and that the fourth year is the last chance I'll have to make a record since the last two years; I'll be a candidate again. Everything I do in those last two years will be posturing for the election. But right now I don't have to do that.
Now the masses of Latin America are electing governments they feel can take forward the democratic reforms of the last 20 years, and transform them into social and economic reforms. This is, I think, extremely important, because it also means that the left has abandoned the revolutionary solution proposed by Che Guevara and has taken the democratic path.
For when asceticism was carried out of monastic cells into everyday life, and began to dominate worldly morality, it did its part in building the tremendous cosmos of the modern economic order. This order is now bound to the technical and economic conditions of machine production which to-day determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.
I think what happened in the last 10 or 15 years in the art market is that all the players - and that includes artists, dealers, art advisors, everyone - basically became dealers. We've had old-school collectors morph into speculators, flipping works. We've seen auction houses buying works directly from artists or from sleazy middlemen. The last step before the crash was the artists themselves supplying the auction houses. Dealing themselves, you know? The art world is as unregulated as any financial market there is.
I think we have some serious problems now, but, if you look back over the last thirty or forty years that my book deals with, I think we are in better shape now than we would have been if all of those cases had not come down.
We start with an economic approach. We look at what are the greatest causes of death in the developing world, and what causes the largest amount of disability, which would prevent you from getting a job. A lot of those deaths start with diseases, diseases we don't get in such a great number in the United States.
Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.
The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years.
It is absolutely no accident that the peace and reconciliation, and indeed the economic progress, that eluded us generation after generation for hundreds of years, has at last come to pass in an Ireland where the talents of women are now flooding every aspect of life as never before.
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