A Quote by Roger Altman
We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.
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It is true that some have greater power of resistance than others, but everyone has the power to close his heart against doubt, against darkness, against unbelief, against anger, against hatred, against jealousy, against malice, against envy. God has given this power unto all of us, and we can gain still greater power by calling upon Him for that which we lack. If it were not so, how could we be condemned for giving way to wrong influences?
You ask, "Could we have an honest discussion about earnings insurance?" I think we could, if people understood that the alternative was to build up a backlash against global capital, against free trade, against technological change.
Russia has always had a global history. Global history is a bummer. You suffer invasions of all different kinds. And Russia was not defended against them.
Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.
In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy.
Capital, never concerned with distribution, is now less and less concerned with production. Capital is driving for power, for the control over markets, lands, resources. Capital, in corporate hands, can move anywhere and thus demand and get the utmost in concessions and privileges as well as the freedom to operate in the interest of ever-increasing wealth and assets.
When Vladimir Putin runs up against American power and American criticism and American leadership that reminds him of what Russia isn`t, when he runs up against people who he worries are funding his dissidents or supporting protests against him, when he runs up against criticism of the way he runs his own country, what he`s running up against is the State Department.
As men, we all have something to give. We all have the power to do our own part to stop the global pandemic of violence against women and girls. It is holding us all back.
Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.
Despite Labour's achievements in government, we were too often seen as champions for global capital markets, which worked for bankers but did not seem to be delivering for the rest of Britain.
It is only with burning anger that we can speak of this attack by counter-revolutionary reactionary elements against the capital of our country, against our people's democratic order and the power of the working class.
I have lived my life, and I have fought my battles, not against the weak and the poor - anybody can do that - but against power, against injustice, against oppression, and I have asked no odds from them, and I never shall.
After World War I the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government.
I really wanted to support this campaign because I love heart shaped glasses. Seriously though, I've never hit anyone. I'm anti-violence full stop. Against women, against men, against animals. Against anything.
Indeed, it is impossible to be neutral. In a world already moving in certain directions, where wealth and power are already distributed in certain ways, neutrality means accepting the way things are now. It is a world of clashing interests ? war against peace, nationalism against internationalism, equality against greed, and democracy against elitism ? and it seems to me both impossible and undesirable to be neutral in those conflicts.
US opposition to Russia and China has entailed sanctions against Russia, and Russia in turn has made counter-sanctions against Europe. So Europe is essentially sacrificing its opportunities for trade and investment in order to remain part of NATO. It is also agreeing to bomb Syria and the Near East, creating a wave of refugees that it doesn't know what to do with.
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