A Quote by Nassim Nicholas Taleb
Democracies can't handle austerity measures very well.
Related Quotes
The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies - not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract.
I think it's essential that we do more than talk about austerity measures and cutting.
If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.
My Brat Pack buddies and I didn't exactly handle celebrity very well. Success at an early age is far more difficult to handle than failure.
Americans have always been able to handle austerity and even adversity. Prosperity is what is doing us in.
The consumption of petroleum should be conserved. We need to adopt some austerity measures. The people should cooperate with us.
In Holland, pensions were cut. The public health services for elderly people were cut. Enormous asocial tough measures. And at the same time people saw while the government has these enormous austerity measures, that the government spent billions of euros on asylum seekers who really weren't asylum seekers but migrants looking for a better life.
The stakes are geopolitical in nature and I believe that democracies are - people want to live in free societies, democracies are the best way to do that, and that if people see democracies in the neighborhood, they'll demand the same thing.
The earth doesn't belong to anyone. It is the land upon which all of us are to live for many years, ploughing, reaping and destroying. You are always a guest on this earth and have the austerity of a guest. Austerity is far deeper than owning only a few things. The very word austerity has been spoilt by the monks, by the sannyasis, by the hermits. Sitting on that high hill alone in the solitude of many things, many rocks and little animals and ants, that word has no meaning.
The moral case is, people say, "Oh they're not ready for democracy," but that's something someone who lives in a democracy would say about someone who doesn't live in a democracy. Well, if democracy is the highest form of human potential, then it can't be true for us and not for them. But, the practical case is democracies don't invade their neighbors. Democracies don't traffic in child soldiers. Democracies don't harbor terrorists as a state policy. So there's a reason to have more democratic states.
And what if we’d been utterly open? Made jokes about the first wife? What if we’d been that kind of family? Well, I would have been different, surely. But not because I knew the secret. For it wasn’t the secret—the secret that wasn’t a secret anyway—that led to the austerity in our lives. It was the austerity that led to the secret. And what I had been marked by, probably most of all, was the austerity. It had made secrets in my life too. Or silences, anyway, that became secrets. That became lies.
Instead of an end to austerity, Labour has made clear that it wants to impose more austerity cuts.
You start to learn that democracies don't work when it comes to artistic expression. You learn that if you don't handle your business, someone else is going to handle it and be sneaky about it, and put an extra dollar in their pocket. You learn all sorts of things you take to your next relationship. You're constantly learning about what you don't want to do, first and foremost, which leads you to what you do want to do.
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
When we see the banks get bailed out with seemingly no consequences while ordinary people pay the price with job and wage cuts through austerity measures, who could blame a person for wondering where the loyalties of their elected leaders really lie?
It is necessary that I should qualify the doctrine of its being not men, but measures, that I am determined to support. In a monarchy it is the duty of parliament to look at the men as well as at the measures.
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