A Quote by Noam Chomsky
All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.
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The free market is 'socialism' for the rich: the public pays the costs and the rich get the benefit - markets for the poor and plenty of state protection for the rich.
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.
Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.
One of the Great Rules of Economics According to John Green If you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich.
This is a guy [Steven Lerner] who believes, for example, that Reaganomics or trickle-down economics means, "The rich got rich by stealing from the poor," or stealing from the middle class and making them poor via debt. He has worked with unions in Europe.
We cannot feast on global resources while the world's poor struggle to survive on inhospitable lands.
It is as simple as that.
It is the rich who are making the world poorer.
Environment and Poverty are one crisis, not two.
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
Growing richer every day, for as rich and poor are relative terms, when the rich are growing poor, it is pretty much the same as if the poor were growing rich. Nobody is poor when the distinction between rich and poor is destroyed.
Money must serve, not rule! The Pope loves everyone, rich and poor alike, but he is obliged in the name of Christ to remind all that the rich must help, respect and promote the poor. I exhort you to generous solidarity and a return of economics and finance to an ethical approach which favours human beings.
There is not such a mighty difference as some men imagine between the poor and the rich; in pomp, show, and opinion, there is a great deal, but little as to the pleasures and satisfactions of life. They enjoy the same earth and air and heavens; hunger and thirst make the poor man's meat and drink as pleasant and relishing as all the varieties which cover the rich man's table; and the labor of a poor man is more healthful, and many times more pleasant, too, than the ease and softness of the rich.
That was always my experience-a poor boy in a rich town; a poor boy in a rich boy's school; a poor boy in a rich man's club at Princeton .... However, I have never been able to forgive the rich for being rich, and it has colored my entire life and works.
Socially, I never belonged to any class, rich or poor. To the rich I was poor, and to the poor I was poor pretending to be like the rich.
In an era of global abundance, our world has the resources to reduce dramatically the massive divides that persist between rich and poor, if only those resources can be unleashed in the service of all peoples.
If the private insurance market can survive in a context of a public option, good for them. But if they can't, then that will tell you something about the nature of the market.
The general idea of the rich helping the poor, I think, is important. That your sense of justice says, why should rich kids - who barely get these diseases and almost never die of them - why should they get the vaccines, when poor kids, who actually do die from these diseases, don't get those things? It's an unbelievable inequity that there isn't that access.
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