A Quote by Thomas Piketty
Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.
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I live in New York now, and miss France quite a bit. Of course, the reality of living in a small village in the south of France was very different than the fantasy I had of living in France. Over the years I spent there, that fantasy was worn away and I found a more realistic version of France than the one I began with. I wouldn't say the spell ever goes away, but transforms. Now that I understand French culture more intimately, and speak fluent French, I have a different, more solid, relationship to the country.
China, in the future, is going to have even more nuclear capability than it has had in the past. I don't believe that they have anything to fear from the United States, and I frankly don't believe they do fear the United States.
Fantasy is seductive and much more wonderful than reality, but you can't take it to the bank. It's always an escape. And if used as an escape, as in attending a movie or a show for a circumscribed period of time, it's fine. When it starts to become undifferentiated from reality, it leads to big trouble.
Fantasy is often closer to reality than what most people accept as reality.
I have always considered imaginative truth to be more profound, more loaded with significance, than every day reality... Everything we dream about, and by that I mean everything we desire, is true (the myth of Icarus came before aviation, and if Ader or Bleriot started flying it is because all men have dreamed of flight). There is nothing truer than myth... Reality does not have to be: it is simply what is.
Sometimes I say in France: Europe is no more the center of the world - and the United States, neither. We have other key players on the international stage: China, of course; but also Brazil, India and South Africa. And their influence is very, very strong.
State funds, private equity, venture capital, and institutional lending all have their role in the lifecycle of a high tech startup, but angel capital is crucial for first-time entrepreneurs. Angel investors provide more than just cash; they bring years of expertise as both founders of businesses and as seasoned investors.
As indicated by the increase in maternal mortality in 2010, right now it's more dangerous to give birth in California than in Kuwait or Bosnia. Amnesty International reports that women in [the United States] have a higher risk of dying due to pregnancy complications than women in forty-nine other countries (black women are almost four times as likely to die as white women). The United States spends more than any other country on maternal health care, yet our risk of dying or coming close to death during pregnancy or in childbirth remains unreasonably high.
On one side, citizens have great respect for the United States; they have a great feeling of friendship. That is solid. But in the opposition and in the political arena I often find criticism of the closeness of relations with the United States. That is a reality.
One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains.
The Chinese did after all decide that the Soviet Union was a greater threat than the United States and decided to come to terms with the United States when Nixon visits China.
It comforts me to think that if we are created beings, the thing that created us would have to be greater than us, so much greater, in fact, that we would not be able to understand it. It would have to be greater than the facts of our reality, and so it would seem to us, looking out from within our reality that it would contradict reason. But reason itself would suggest it would have to be greater than reality, or it would not be reasonable.
The financial capital is being concentrated by corporations, institutional investors, and even our pension funds, and being reinvested in companies that repeat this process because it provides the highest return on that financial capital.
Fantasy is often better than reality. It's much more inspiring not to go to places than to go.
Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets.
The reality, or substance, of professional wrestling is the ability to perpetuate a fantasy. I never distinguished between fantasy and reality. I made my fantasy reality for over 60 years.
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