A Quote by Raghuram Rajan
The difficulty in a number of Western democracies is that the playing field is being tilted. For many in the middle class, prosperity seems unattainable because a good education - today's passport to riches - is unaffordable.
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We are moving in exactly the wrong direction in higher education. Forty years ago, tuition in some of the great American public universities and colleges was virtually free. Today, the cost is unaffordable for many working class families. Higher education must be a right for all - not just wealthy families.
The anger from Occupy Wall Street is coming from this simple fact: America no longer seems to be a place where you can work your way up, from rags to riches, from lower class to middle class to upper class.
Fifty years ago, great schools like the University of California and the City University of New York - as well as many state colleges - were tuition free. Today college is unaffordable for many working class families. For the sake of our economy and millions of Americans, we must make higher education more affordable.
The economic reality is that, thanks to smart machines and global trade, the well-paying, middle-class jobs that were the backbone of Western democracies are vanishing.
It is from the middle class that writers spring, because, it is in the middle class only that the practice of writing is as natural and habitual as hoeing a field or building a house.
Bernie Sanders talks about socialism in Scandinavia, and he's correct to point to the huge victories the working class has won there through struggle, such as socialized medicine, free college education, and paid family leave. But if you talk to working people in Sweden or Norway today, you will find out that many of those past gains have been eroded and some virtually eliminated, including massive under-funding of healthcare and other public services and a return to for-profit systems that are unaffordable to working class people.
The only time being in the middle class hurts you is if you're in the middle class with players who are on bad contracts. If you're in the middle class and all your players are on good contracts then I don't think that's a problem.
Talking about success in society, no one can complain, because today everyone can choose what he or she wants. They don't just have to choose between being proletarian or middle-class. Those kinds of things do not exist anymore. Today working class boys can play football and become multimillionaires. On football! There are no longer classes, who say that we are poor, we are suppressed by you etc.
Indeed, there are so many prejudices against everyday middle-class values on college campuses, and serving in the military and being pro-American just seems to be one of them.
It may be assumed as a fixed truth that the prosperity and riches of the farmer must depend on the prosperity and good national regulation of trade.
The place where you got to get revenues has to come from the middle class. That's where the huge number of people that are there. So the system does need to be revamped [to tax the rich less and the middle class more.]
The American middle class, it seems to me, is looking to politicians now to satisfy a pretty basic - and urgent - level of need. Yet people in the upper middle class - with their excellent health benefits, schools, salaries, retirement plans, nannies and private afterschool programs - have journeyed so far from that level of need that, it often seems to me, they literally cannot hear what resonates with the middle class. That creates a problematic blind spot for those who write, edit or produce what comes to be known about our politicians and their policies.
We live in an age of de-democratization. The number of democracies in the world has been going backwards since 2005, and even many existing democracies including in Europe have been becoming less democratic.
It's strange because we think of the upper middle class, for example, as being secular, that they've fallen away from religion. Well, it turns out that the upper middle class goes to church more often and feels a much stronger affiliation with their religion than the white working class.
We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
There should be a class on drugs. There should be a class on sex education-a real sex education class-not just pictures and diaphragms and 'un-logical' terms and things like that.....there should be a class on scams, there should be a class on religious cults, there should be a class on police brutality, there should be a class on apartheid, there should be a class on racism in America, there should be a class on why people are hungry, but there are not, there are classes on gym, physical education, let's learn volleyball.
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