economics Quotes

My family was mostly unemployed working class.

The poorest country in South America, Bolivia, had been devastated by neoliberal economic policies.

The rise of capitalist practice and morality brought with it a radical revision of how the commons are treated, and also of how they are conceived.

Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.

In the universities, cheap, vulnerable labor means adjuncts and graduate students.

The Democrats have pretty much given up on the white working class. That would require a commitment to economic issues, and that's not their concern.

If the United States loses the economic weapons of control, it is very much weakened.

The U.S. has the most dysfunctional healthcare system in the industrial world, has about twice the per capita costs, and some of the worst outcomes. It's also the only privatized system.

What's important in Libya is, first of all, it has a good deal of oil. A lot of the country is unexplored; there may be a lot more. And it's very high-quality oil, so very valuable.

From the 1970s, there has been a significant change in the U.S. economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.