Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
The enemy aggressor is always pursuing a course of larceny, murder, rapine and barbarism. We are always moving forward with high mission, a destiny imposed by the Deity to regenerate our victims while incidentally capturing their markets, to civilise savage and senile and paranoid peoples while blundering accidentally into their oil wells.
[There are] signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
"If it's a flash it's been an awfully long flash. I've been around for 20 years in one of the largest media and political markets in the country, so I'd call it more of a slow burn."jack layton
...new nuclear plants are simply unfinanceable in the private capital market, and the technology will continue to die of an incurable attack of market forces—all the faster in competitive markets. This is true not just in the U.S., where the last order was in 1978 and all orders since 1973 were cancelled, but globally.amory lovins
The markets make a good servant but a bad master, and a worse religionamory lovins
The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.ed seykota
It can be very expensive to try to convince the markets you are right.ed seykota
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros
It's not a third way between state capitalism and free markets, it is the free market way. Multi-national corporations should be the principal actors, but they should be properly regulated.ian bremmer
The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.ian bremmer
Political scientists don't work at banks which is a problem. As political issues become more important for the markets, analysts at banks are asked all sorts of questions they don't have the ability to answer. And if you're getting paid to answer questions as analysts at banks are you never want to be in the position of saying you don't know.ian bremmer
Myth: There’s conflict between selfish free markets and a benevolent world of human sympathy.ted malloch
The business virtue par excellence is honesty without it markets can’t long survive.ted malloch
Behind their fluffy rhetoric about free trade and free markets lurks a hostility toward freedom for ordinary people and a love affair with police and prisons .david mcnally
The proverbial wisdom of the populace in the streets, on the roads, and in the markets, instructs the ear of him who studies man more fully than a thousand rules ostentatiously arranged.
We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.
If markets were truly efficient, then you shouldn't be able to make any money rebalancing.
One of the greatest markets in England for barley.
Chandni Chowk is the street--an imperial avenue under Shah Jahan's reign--extends from the Red Fort. The name often is applied to connecting alleys and streets. It's jammed with makeshift shops, markets, rickshaws, carts drawn by horses and oxen, cows, goats and pedestrians.
The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.
Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
Capitalism , also called free market economy, or free enterprise economy: economic system, dominant in the Western world since the breakup of feudalism, in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets.
The guns of Dewey in Manilla Bay were heard across Asia and Africa, they echoed through the palace at Peking and brought to the Oriental mind a new and potent force among western nations. We, in common with the countries of Europe, are striving to enter the limitless markets of the east [...] These people respect nothing but power. I believe the Philippines will be enormous markets and sources of wealth.
The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. markets and profits are crucial, but the pure free-market model itself is deeply flawed.paul ormerod
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