A Quote by Naomi Klein
A large-scale crisis - whether a terrorist attack or a financial crash - would likely provide the pretext to declare some sort of state of exception or emergency, where the usual rules no longer apply.
Related Quotes
We're told another large-scale terrorist attack is inevitable by those people who have committed so many resources to preventing it. They likely know what they're talking about.
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
The president's very right about one thing: When you have a disaster of that scale, whether it be natural or a terrorist attack, there's only one part of our entire government, state or local, that is equipped to handle it, and that's the U.S. military.
It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.
If we had a terrorist attack, the way the people respond is going to determine whether that attack is just a tragedy or whether that attack becomes an all-out disaster.
If I was prime minister, I would declare a state of emergency on climate change.
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
We've offered direct financial support for a range of renewable energy sources, whether it be large-scale solar, whether it be geothermal, whether it be wave power or wind power.
Why do terrorist attacks that kill a handful of Europeans command infinitely more American attention than do terrorist attacks that kill far larger numbers of Arabs? A terrorist attack that kills citizens of France or Belgium elicits from the United States heartfelt expressions of sympathy and solidarity. A terrorist attack that kills Egyptians or Iraqis elicits shrugs. Why the difference? To what extent does race provide the answer to that question?
The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.
Taiwan will probably not declare independence. The question isn't independence. The issue is whether Taiwan will declare itself as a sovereign separate state. That will start a huge crisis if that happens.
The usual designation of the magnitude scale to my name does less than justice to the great part that Dr. Gutenberg played in extending the scale to apply to earthquakes in all parts of the world.
Incidentally, the usual designation of the magnitude scale to my name does less than justice to the great part that Dr. Gutenberg played in extending the scale to apply to earthquakes in all parts of the world.
Cumulatively, American society is sliding toward a new form of 'authoritarian democracy'. Elections continue, free speech is generally protected, institutions operate in accordance with the Constitution, but the reality of state - society relations is dramatically altered by the counter-terrorist claims of emergency rule and the right of exception.
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.
I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility.
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