A Quote by Sigmar Gabriel
Taming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.
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There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
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.
A democratic Europe of nation states could be a force for liberty, enterprise and open trade. But, if creating a United States of Europe overrides these goals, the new Europe will be one of subsidy and protection
In all of my speeches I talk about why a strong Europe is necessary in order for Germany to be strong over the long term. I think that I have sufficiently shown over the past years that I have a clear notion of how we can make Europe stronger, more democratic and more inclusive. There is really no competition there with Sigmar Gabriel.
Power is global and politics is local. That must change. We need a new language for understanding new global power formations as well as new international modes of politics to fight them. Social movements must move outside of national boundaries and join with others across the globe to fight the savagery of neoliberal global politics and central to such a task is the work of intellectuals, artists, cultural workers, and others who can fashion new tools and social movements in the fight against the current anti-democratic threats being imposed all over the globe.
I went to Germany taking a chance on seeing what Europe was like, and taking on that new challenge. Obviously it wasn't for me at the time, but I always had that goal to come back to the U.S. and work hard and hopefully go back to Europe.
Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.
Jewish stinginess and financial wizardry gained them commercial control of Europe and provoked anti-Semitism, which waxed and waned in Europe throughout the ages.
France is ready for a European revolution and it is Germany that is pulling the brakes. For a long time, it was the other way around. You don't have to agree with the details of every single one of Emmanuel Macron's suggestions, but he's right about the idea of a new foundation of Europe. Europe's Social Democrats have long demanded this. If we really want to, we can create a different, better Europe in the coming years.
I don't want to predict calamity. But I am afraid of a new Russian occupation of parts of Eastern Europe. Also of a new Russian campaign to exert influence in Germany or other parts Europe, aimed at making continental politics less democratic. I am afraid of a US trade war and even a shooting war with China.
Overcoming the Cold War required courage from the people of Central and Eastern Europe and what was then the German Democratic Republic, but it also required the steadfastness of Western partner over many decades when many had long lost hope of integration of the two Germanys and Europe.
The difference between both is that social entrepreneurship has a much more financial transparency. There is no financial viability and that is where a corporate sector makes a difference because we maintain a balance between both the financial status and the social service.
Tobacco control is clearly a number one priority in Europe, not only aimed at men, particularly the male populations of Central and Eastern Europe, but increasingly targeted towards women, especially in Northern Europe.
I think they're an incredible honor. I'm grateful and flattered by them. But I have no control over winning awards - I have no control over any of that.
Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.
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