I have been hearing for years and years about how the financial services sector pays such exorbitant wages because the people who work there are so immensely talented that they are cheap at $50 million a year. I never particularly bought that line before. But I never imagined that all those Masters of the Universe would do quite this badly. If we had paid them $50 million a year to go far, far away and leave our financial system alone, it would have been a bargain.
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"Now That's What I Call Toxic!," Obsidian Wings (2009-02-27)Hilzoy
It is a fairly consistent law of humanity that men spend about half their lives at war. A Frenchman, called Lapouge, calculated that from the year 1100 to the year 1500, England had been 207 years at war and 212 years from 1500 to 1900. In France the corresponding figures would be 192 and 181 years. According to that same man Lapouge, nineteen million men are killed in war every century. Their blood would fill three million barrels of 180 liters each, and would feed a fountain of blood running 700 liters an hour from the beginning of history.
Andre Maurois
"And we've had four more years pass where the age cohort that is most Democratic and most pro-statist, are those people who turned 21 years of age between 1932 and 1952--Great Depression, New Deal, World War II--Social Security, the draft--all that stuff. That age cohort is now between the ages of 70 and 90 years old, and every year 2 million of them die. So 8 million people from that age cohort have passed away since the last election; that means, net, maybe 1 million Democrats have disappeared--and even the Republicans in that age group. [...] You know, some Bismarck, German thing, okay? Very un-American. Very unusual for America. The reaction to Great Depression, World War II, and so on: Centralization--not as much centralization as the rest of the world got, but much more than is usual in America. We've spent a lot of time dismantling some of that and moving away from that level of regimentation: getting rid of the draft."
Grover Norquist
In America, despite the amazing rise in productivity we’ve had in the last 30 years, real wages have actually gone down. All of the increase in productivity has been taken by the finance, insurance, and real estate sector, called the FIRE sector, almost all of it by the financial sector. ... So instead of having industrial capitalism a century ago, we have a finance capitalism that actually is stifling industrial capitalism here. So what Alan Greenspan and others call the postindustrial economy is really neo-feudalism. It’s a financialized economy where all of the surplus goes to the banks. - December 2010
Michael (economist) Hudson
I was thinking were gonna have this debate and everybody on TV is wondering who scored the most points, who won the debate, all of us are gonna be fine (I don't know?) but will America be fine? 35 million people last year went hungry, 37 million lived in poverty, every day 47 million people live without healthcare, who will take on system that is rigged and corrupt? this is about what America needs. Our democratic party needs to show some backbone for what we know is right!
John Edwards
Hilzoy
Himmler, Heinrich
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