A Quote by Stephane Hessel
The wealthy have installed their slaves in the highest spheres of the state. The banks are privately owned. They are concerned solely with profits. They have no interest in the common good.
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Land began to be seen as something to be owned privately and exploited for private interests, and never was entirely reconciled with the old ideas that land should be utilized in common for the good of all.
Planned Parenthood and Human Rights Campaign they`re not really the establishment. I can`t obviously speak for Senator Bernie Sanders or about Planned Parenthood. But what we do see, and we`ve seen for years in America, is that the establishment, that is, the big banks and the executives and the wealthy do support a lot of non-profits and make the non-profits basically walk to the tune of the establishment.
Logically, it may be argued that banks could indeed lower interest rates and make up their profits through larger borrowing volumes. But banks, in turn, could justify exorbitant rates by arguing that they cater to a riskier segment.
Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.
The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have a few years in which to make their fortune.
The Business Profits Tax, which is imposed on in-state businesses, we need to impose the same thing on out-of-state businesses, because the way the Business Profits Tax is calculated, it is highly dependent on how much sales and profits are generated in-state.
Capitalism is based on the principle that everything has to be privately owned; it can't be held in common. There is even a dogma, which is today called, the "tragedy of the commons" which holds that if things are held in common they are going to be destroyed. If they're privatized, like you give them to Bechtel or Monsanto or ExxonMobil, then they'll be preserved because that's the capitalist's religion.
Where wealth is concerned, individuals aren't stuck in little boxes. You don't start out wealthy, stay wealthy, and end wealthy.
The sovereignty of the state as the power that protects the individual and that defines the mutual relationships among the visible spheres, rises high above them by its right to command and compel. But within these spheres ... another authority rules, an authority that descends directly from God apart from the state. This authority the state does not confer but acknowledges.
The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.
If you have a privately owned system, there's going to be monies leaving the community that will go towards shareholder dividends and high salaries. If you have a community owned, municipally owned facility, those extra resources are being reinvested in the community and they can be going to weatherization and other projects that are vested in the community.
Businesses owned by responsible and organized merchants shall eventually surpass those owned by wealthy rulers.
This is the very heart of true morality--not to struggle, not to fight with any weapons, for one's self alone--but to struggle and to fight for the common interest, to wield the power of brain and good right arm if need be for one's family, for the ordered community of life, for the state, for moral principles, humanity, and the common good.
It does not stand to give banks millions of dollars at an interest rate of one percent, when banks charge students an interest rate of 6 percent. Why should the banks be scalping students?
One eighth of the whole population were colored slaves, not distributed generally over the Union, but localized in the Southern part of it. These slaves constituted a peculiar and powerful interest. All knew that this interest was, somehow, the cause of the war.
The most common conception of Capitalism is that it is an economic system consisting of privately owned businesses and large corporations that are run for profit. The profit comes from running the business efficiently and keeping the products and services up to date and competitively priced.
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