American Funds Quotes

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I received the fundamentals of my education in school, but that was not enough. My real education, the superstructure, the details, the true architecture, I got out of the public library. For an impoverished child whose family could not afford to buy books, the library was the open door to wonder and achievement, and I can never be sufficiently grateful that I had the wit to charge through that door and make the most of it. Now, when I read constantly about the way in which library funds are being cut and cut, I can only think that the door is closing and that American society has found one more way to destroy itself.
Isaac Asimov (I. Asimov: A Memoir)
Educate not Legislate Refusing to pass unnecessary laws requires a converse – encouraging education and understanding. We started by slashing the salaries of legislators (Dubbed “Bloodbath on the Beltway”). That move provided funds to instigate incentive programs for high school teachers – to attract the best and brightest. The result was a generation of bright, energetic 18-year-olds graduating high-school, equipped to tackle the future.
Nancy Omeara (The Most Popular President Who Ever Lived [So Far])
The wise study the numbers and their ways. The wise count their movements and their stays.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
When I read about the way in which library funds are being cut and cut, I can only think that the door is closing and that American society has found one more way to destroy itself.
Isaac Asimov
...I found myself pondering the specific Christian American obsession with abortion and gay rights. For million of Americans, these are the great societal "sins" of the day. It isn't bogus wars, systemic poverty, failing schools, child abuse, domestic violence, health care for profit, poorly paid social workers, under-funded hospitals, gun saturation, or global warming that riles or worries the conservative, Bible-believers of America." pg33
Phil Zuckerman (Society Without God: What the Least Religious Nations Can Tell Us About Contentment)
Establishing publicly funded legal services for low-income families in housing court would be a cost-effective measure that would prevent homelessness, decrease evictions, and give poor families a fair shake.
Matthew Desmond (Evicted: Poverty and Profit in the American City)
Washington departed the planet as admirably as he had inhabited it. He had long hated slavery, even though he had profited from it. Now, in his will, he stipulated that his slaves should be emancipated after Martha’s death, and he set aside funds for slaves who would be either too young or too old to care for themselves. Of the nine American presidents who owned slaves—a list that includes his fellow Virginians Jefferson, Madison, and Monroe—only Washington set free all of his slaves.
Ron Chernow (Alexander Hamilton)
Some Americans appear to believe that there would be no arts in America were it not for the National Endowment for the Arts (NEA), an institution created in 1965. They cannot imagine things being done any other way, even though they were done another way throughout our country's existence, and throughout most of mankind's history. While the government requested $121 million for the NEA in 2006, private donations to the arts totaled $2.5 billion that year, dwarfing the NEA budget. The NEA represents a tiny fraction of all arts funding, a fact few Americans realize. Freedom works after all. And that money is almost certainly better spent than government money: NEA funds go not necessarily to the best artists, but to people who happen to be good at filling out government grant applications. I have my doubts that the same people populate both categories.
Ron Paul
You’re told that you’re supposed to go to college, but you’re also told that you are being self-indulgent if you actually want to get an education. As opposed to what? Going into consulting isn’t self-indulgent? Going into finance isn’t self-indulgent? Going into law, like most of the people who do, in order to make yourself rich, isn’t self-indulgent? It’s not okay to study history, because what good does that really do anyone, but it is okay to work for a hedge fund. It’s selfish to pursue your passion, unless it’s also going to make you a lot of money, in which case it isn’t selfish at all.
William Deresiewicz (Excellent Sheep: The Miseducation of the American Elite and the Way to a Meaningful Life)
I examined my Liberalism and found it like an addiction to roulette. Here, though the odds are plain, and the certainty of loss apparent to anyone with a knowledge of arithmetic, the addict, failing time and again, is convinced he yet is graced with the power to contravene natural laws. The roulette addict, when he invariably comes to grief, does not examine either the nature of roulette, or of his delusion, but retires to develop a new system, and to scheme for more funds.
David Mamet (The Secret Knowledge: On the Dismantling of American Culture)
Gratitude multiplies things to be grateful for. Faith multiplies proof of faithfulness. Love multiplies circumstances that facilitate love.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
Perpetual war allows globalists to continue funding dirty black-ops drug smuggling, corrupt banking practices, political bribes, and assassinations. Perpetual war can be seen as an excuse for spying on Americans, militarizing police agencies, and laws allowing the federal government to declare any American citizen an “enemy combatant” and holding them without warrant or habeas corpus as well as spying with drones. With
Jim Marrs (Population Control: How Corporate Owners Are Killing Us)
The American Type Culture Collection—a nonprofit whose funds go mainly toward maintaining and providing pure cultures for science—has been selling HeLa since the sixties. When this book went to press, their price per vial was $256. The ATCC won’t reveal how much money it brings in from HeLa sales each year, but since HeLa is one of the most popular cell lines in the world, that number is surely significant.
Rebecca Skloot (The Immortal Life of Henrietta Lacks)
Manchurian Candidate work was done under MKULTRA Subproject 136, which was approved for funding on August 23, 1961.
Colin A. Ross (The CIA Doctors: Human Rights Violations By American Psychiatrists)
In the United States the legacy of settler colonialism can be seen in the endless wars of aggression and occupations; the trillions spent on war machinery, military bases, and personnel instead of social services and quality public education; the gross profits of corporations, each of which has greater resources and funds than more than half the countries in the world yet pay minimal taxes and provide few jobs for US citizens; the repression of generation after generation of activists who seek to change the system; the incarceration of the poor, particularly descendants of enslaved Africans; the individualism, carefully inculcated, that on the one hand produces self-blame for personal failure and on the other exalts ruthless dog-eat-dog competition for possible success, even though it rarely results; and high rates of suicide, drug abuse, alcoholism, sexual violence against women and children, homelessness, dropping out of school, and gun violence.
Roxanne Dunbar-Ortiz (An Indigenous Peoples' History of the United States (ReVisioning American History, #3))
Astonishingly, the share of students who don't get education in contraceptives is going up, not down. The Trump administration even tried to cut off funding for a teen pregnancy prevention program (lawsuits forced it to continue that funding). What's confounding is that these same officials are often anti-abortion, yet they don't seem to understand that preventing unplanned pregnancies will reduce abortions. They believe that condoms will promote promiscuity, when condoms no more cause sex than umbrellas cause rain. These same officials then thunder about the irresponsibility of girls who get pregnant, oblivious to their own irresponsibility.
Nicholas D. Kristof (Tightrope: Americans Reaching for Hope)
There are only two ultimate public powers in shaping and running American cities: votes and control of the money. To sound nicer, we may call these “public opinion” and “disbursement of funds,” but they are still votes and money.
Jane Jacobs (The Death and Life of Great American Cities)
[upon hearing that the school received funding for the football field, but not for any of the arts] Well, we might never have another Great American Novel or amazing musicals written by Americans, but at least we will always be able to toss a ball between some metal posts. Our priorities are right on track.
Chris O'Guinn (Exiled to Iowa. Send Help. And Couture.)
The great bulk of Marshall Plan funds returned to the United States, or never left, being paid directly to American corporations to purchase American goods. The US Agency for International Development (AID) stated in 1999: ‘The principal beneficiary of America’s foreign assistance programs has always been the United States.
William Blum (America's Deadliest Export: Democracy The Truth about US Foreign Policy and Everything Else)
The egg industry itself funded research on Salmonella and the various ways to cook eggs. What did they find? Salmonella in eggs can survive scrambled, over-easy, and sunny-side-up cooking methods. Sunny side up was found to be the riskiest. The industry-funded researchers bluntly concluded: “The sunny-side-up method should be considered unsafe.”84 In other words, even the egg industry itself knows that its product, prepared in a manner that millions of Americans eat on any given day all across the country, is unsafe.
Michael Greger (How Not to Die: Discover the Foods Scientifically Proven to Prevent and Reverse Disease)
The only road to freedom is self-education in art. Art is not a luxury for any advanced civilization; it is a necessity, without which creative intelligence will wither and die. Even in economically troubled times, support for the arts should be a national imperative. Dance, for example, requires funding not only to secure safe, roomy rehearsal space but to preserve the indispensible continuity of the teacher-student link. American culture has become unbalanced by its obsession with the blood sport of politics, a voracious vortex consuming everything in its path. History shows that, for both individuals and nations, political power is transient. America's true legacy is its ideal of liberty, which has inspired insurgencies around the world. Politicians and partisans of both the Right and the Left must recognize that art too is a voice of liberty, requiring nurture without intrusion. Art unites the spiritual and material realms. In an age of alluring, magical machines, the society that forgets art risks losing its soul.
Camille Paglia
The first step is to give up the illusion that the primary purpose of modern medical research is to improve Americans’ health most effectively and efficiently. In our opinion, the primary purpose of commercially funded clinical research is to maximize financial return on investment, not health.” —John Abramson, M.D., Harvard Medical School I wrote this book to help Americans
Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
Now, when I read constantly about the way in which library funds are being cut and cut, I can only think that the door is closing and that American society has found one more way to destroy itself.
Isaac Asimov (I. Asimov: A Memoir)
It is a disturbing sign of the times when the two most transformative science technologies affecting the globe—biotechnology and nanotechnology—are governed by no external ethical or legal frameworks to protect public safety and other public interests, despite the fact that both industries have benefited from heavy taxpayer-funded government support.
Ralph Nader (The Seventeen Solutions: Bold Ideas for Our American Future)
One of the most infuriating elements of American myopia about investing in at-risk kids is that politicians often insist that they don't have the funds to pay for social services--but they somehow find the resources to pay for prisons later on.
Nicholas D. Kristof (Tightrope: Americans Reaching for Hope)
The new naval treaty permits the United States to spend a billion dollars on warships—a sum greater than has been accumulated by all our endowed institutions of learning in their entire history. Unintelligence could go no further! ... [In Great Britain, the situation is similar.] ... Until the figures are reversed, ... nations deceive themselves as to what they care about most.
Abraham Flexner (Universities: American, English, German (Foundations of Higher Education))
By weaponizing the discourse of human rights to justify the use of force against governments that resisted the Washington consensus, this group of well-connected liberals was able to stir support where the neocons could not. Their brand of interventionism appealed directly to the sensibility of the Democratic Party's metropolitan base, large swaths of academia, the foundation-funded human rights NGO complex, and the New York Times editorial board. The xhibition of atrocities allegedly committed by adversarial governments, either by Western-funded civil society groups, major human rights organizations or the mainstream press, was the military humanists' stock in trade, enabling them to mask imperial designs behind a patina of "genocide prevention." With this neat tactic, they effectively neutralized progressive antiwar elements and tarred those who dared to protest their wars as dictator apologists.
Max Blumenthal (The Management of Savagery: How America's National Security State Fueled the Rise of Al Qaeda, ISIS, and Donald Trump)
Thomas Pyle, president of the American Energy Alliance, which, upon inspection, proved to be a Washington, DC, propaganda machine funded with millions of dollars from ExxonMobil and Koch Industries. Pyle himself had served as a Koch Industries lobbyist and ran a business on the side writing editorials attacking the DOE’s attempts to reduce the dependence of the American economy on carbon.
Michael Lewis (The Fifth Risk: Undoing Democracy)
after the war, historian Marilyn Young warned: The U.S. can destroy Iraq’s highways, but not build its own; create the conditions for epidemic in Iraq, but not offer health care to millions of Americans. It can excoriate Iraqi treatment of the Kurdish minority, but not deal with domestic race relations; create homelessness abroad but not solve it here; keep a half million troops drug free as part of a war, but refuse to fund the treatment of millions of drug addicts at home. . . . We shall lose the war after we have won it.
Howard Zinn (A People's History of the United States: 1492 to Present)
Children and adolescents, being relatively new to life, are naturally creative because they haven't been brainwashed, so to speak, by the conventional attitudes of society. Consequently, students are always coming up with novel images, words, and actions that my delight, enlighten, or inspire adults....Creativity has not been the subject of intense focus, extensive research, or high levels of funding in American education.
Thomas Armstrong (Awakening Genius in the Classroom)
The Kochs were part of a national explosion of dark money. In 2006, only 2 percent of “outside” political spending came from “social welfare” groups that hid their donors. In 2010, this number rose to 40 percent, masking hundreds of millions of dollars. Campaign-finance reformers were apoplectic but powerless. “The political players who are soliciting these funds and are benefiting from the expenditure of these funds will know where the money came from,” argued Paul S. Ryan, senior counsel at the liberal Campaign Legal Center. “The only ones in the dark will be American voters.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
On the crowded subway car back to Brooklyn afterwards, the youngest of my three female companions had her bottom groped by a man about Strauss-Kahn’s age. At first, she thought he had simply bumped into her. That was before she felt her buttock being cupped and said something to me, as young women often do, tentatively, quietly, as though it were perhaps not happening or perhaps not quite a problem. Finally, she glared at him and told him to stop. I was reminded of a moment when I was an impoverished seventeen-year-old living in Paris and some geezer grabbed my ass. It was perhaps my most American moment in France, then the land of a thousand disdainful gropers; American because I was carrying three grapefruits, a precious purchase from my small collection of funds, and I threw those grapefruits, one after another, like baseballs at the creep and had the satisfaction of watching him scuttle into the night. His action, like so much sexual violence against women, was undoubtedly meant to be a reminder that this world was not mine, that my rights -- my liberté, egalité, sororité, if you will -- didn’t matter. Except that I had sent him running in a barrage of fruit.
Rebecca Solnit (Men Explain Things to Me)
They exchanged notes, like children. My grandfather made his out of newspaper clippings and dropped them in her woven baskets, into which he knew only she would dare stick a hand. Meet me under the wooden bridge and I will show you things you have never, ever seen. The "M" was taken from the army that would take his mother’s life: GERMAN FRONT ADVANCES ON SOVIET BORDER; the "eet" from their approaching warships: NAZI FLEET DEFEATS FRENCH AT LESACS; the "me" from the peninsula they were blue-eyeing: GERMANS SURROUND CRIMEA; the "und" from too little, too late: AMERICAN WAR FUNDS REACH ENGLAND; the "er" from the dog of dogs: HITLER RENDERS NONAGGRESSION PACT INOPERATIVE…and so on, and so on, each note a collage of love that could never be, and a war that could
Jonathan Safran Foer (Everything is Illuminated)
The great bulk of Marshall Plan funds returned to the United States, or never left, being paid directly to American corporations to purchase American goods. The US Agency for International Development (AID) stated in 1999: ‘The principal beneficiary of America’s foreign assistance programs has always been the United States.’20
William Blum (America's Deadliest Export: Democracy The Truth about US Foreign Policy and Everything Else)
When the average black American has one-thirteenth the net worth and the average Hispanic American has one-tenth the net worth of the average white American,10 and when the poverty rate among Native Americans is over three times that of whites,11 it is a strong bet that neighborhoods of color are more likely to be poor neighborhoods with higher crime and that higher-priced neighborhoods with easier access to jobs and more funding for education that lead to less crime would be more likely to be populated by comparatively wealthier white people.
Ijeoma Oluo (So You Want to Talk About Race)
Dr. Lois Jolyon West was cleared at Top Secret for his work on MKULTRA. West's numerous connections to the mind control network illustrate how the network is maintained, not through any central conspiracy, but by an interlocking network of academic relationships, grants, conferences, and military appointments. Some doctors in the network were not funded directly by the CIA or military, but their work was of direct relevance to mind control, non-lethal weapons development, creation of controlled dissociation and the building of Manchurian Candidates.
Colin A. Ross (The CIA Doctors: Human Rights Violations by American Psychiatrists)
..."extreme capitalism": the obsessive, uncritical penetration of the concept of the market into every aspect of American life, and the attempt to drive out every other institution, including law, art, culture, public education, Social Security, unions, community, you name it. It is the conflation of markets with populism, with democracy, with diversity, with liberty, and with choice---and so the denial of any form of choice that imposes limits on the market. More than that, it is the elimination of these separate concepts from our political discourse, so that we find ourselves looking to the stock market to fund retirement, college education, health care, and having forgotten that in other wealthy and developed societies these are rights, not the contingent outcomes of speculative games. James K. Galbraith, Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, University of Texas.
James K. Galbraith
significance), 600,000 known archaeological sites (and more being found every day; more being lost, too), 3,500 historic cemeteries, 70,000 war memorials, 4,000 sites of special scientific interest, 18,500 medieval churches, and 2,500 museums containing 170 million objects. Having such a fund of richness means that it can sometimes be taken for granted to a shocking degree, but
Bill Bryson (The Road to Little Dribbling: Adventures of an American in Britain)
Considerable research, however, links the notorious inefficiency of state spending in America to the tendency of professionals to 'medicalize' problems, making them a matter of individual ignorance or family pathology that only 'experts' can resolve. This means that federal funding often creates new career paths for professionals rather than gives poor families the resources to help themselves.
Stephanie Coontz (The Way We Never Were: American Families and the Nostalgia Trap)
Through Jimi Hendrix's music you can almost see the assassinations of President John F. Kennedy and of Martin Luther King Junior, the beginnings of the Berlin Wall, Yuri Gagarin in space, Fidel Castro and Cuba, the debut of Spiderman, Martin Luther King Junior’s ‘I Have a Dream’ speech, Ford Mustang cars, anti-Vietnam protests, Mary Quant designing the mini-skirt, Indira Gandhi becoming the Prime Minister of India, four black students sitting down at a whites-only lunch counter in Greensboro North Carolina, President Johnson pushing the Civil Rights Act, flower children growing their hair long and practicing free love, USA-funded IRA blowing up innocent civilians on the streets and in the pubs of Great Britain, Napalm bombs being dropped on the lush and carpeted fields of Vietnam, a youth-driven cultural revolution in Swinging London, police using tear gas and billy-clubs to break up protests in Chicago, Mods and Rockers battling on Brighton Beach, Native Americans given the right to vote in their own country, the United Kingdom abolishing the death penalty, and the charismatic Argentinean Marxist revolutionary Che Guevara. It’s all in Jimi’s absurd and delirious guitar riffs.
Karl Wiggins (Wrong Planet - Searching for your Tribe)
The first symptom of the trouble appeared when Madison studied Hamilton’s proposal for the funding of the domestic debt. On the one hand, Hamilton’s recommendation looked straightforward: All citizens who owned government securities should be reimbursed at par—that is, the full value of the government’s original promise. But many original holders of the securities, mainly veterans of the American Revolution who had received them as pay for their service in the war, had then sold them at a fraction of their original value to speculators. What’s more, the release of Hamilton’s plan produced...
Joseph J. Ellis (Founding Brothers: The Revolutionary Generation (Pulitzer Prize Winner))
Contemporary American politics also revolve around this contradiction. Democrats want a more equitable society, even if it means raising taxes to fund programmes to help the poor, elderly and infirm. But that infringes on the freedom of individuals to spend their money as they wish. Why should the government force me to buy health insurance if I prefer using the money to put my kids through college? Republicans, on the other hand, want to maximise individual freedom, even if it means that the income gap between rich and poor will grow wider and that many Americans will not be able to afford health care.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Most people who wonder why our politics are so corrupt can’t draw the line from racist theories of limited democracy to today’s system, but the small group of white men who are funding the effort to turn back the clock on political equality can lay claim to a long ideological pedigree: from the original property requirement to people like John C. Calhoun, who advocated states’ rights and limited government in defense of slavery, to the Supreme Court justices who decided Shelby County and Citizens United. Over the past few decades, a series of money-in-politics lawsuits, including Citizens United, have overturned anticorruption protections, making it possible for a wealthy individual to give more than $3.5 million to a party and its candidates in an election cycle, for corporations and unions to spend unlimited sums to get candidates elected or defeated, and for secret money to sway elections. The result is a racially skewed system of influence and electoral gatekeeping that invalidates the voices of most Americans.
Heather McGhee (The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together)
However, Trump’s flaws must be weighed against the disturbing nature of the opposition arrayed against him—an army of corporate-funded left-wing activists who excused and encouraged violent riots across the country; technology oligarchs who made unprecedented efforts to normalize censorship; state and local officials who radically altered the way Americans vote in the middle of an election for partisan advantage; an ostensibly free press that credulously and willfully published fake news to damage the president; politicized federal law enforcement agencies that abused the federal government’s surveillance and investigative powers to smear Trump as a puppet of a foreign power; and an opposition party that coordinated all these smears and spent years trying to impeach and remove a duly elected president from office.
Mollie Ziegler Hemingway (Rigged: How the Media, Big Tech, and the Democrats Seized Our Elections)
But the idea of a peace dividend could not be stifled so long as Americans were in need. Shortly after the war, historian Marilyn Young warned: The U.S. can destroy Iraq's highways, but not build its own; create the conditions for epidemic in Iraq, but not offer health care to millions of Americans. It can excoriate Iraqi treatment of the Kurdish minority, but not deal with domestic race relations; create homelessness abroad but not solve it here; keep a half million troops drug free as part of a war, but refuse to fund the treatment of millions of drug addicts at home. . . . . We shall lose the war after we have won it.
Howard Zinn (A People’s History of the United States)
Stocks are the things to own over time. Productivity will increase and stocks will increase with it. There are only a few things you can do wrong. One is to buy or sell at the wrong time. Paying high fees is the other way to get killed. The best way to avoid both of these is to buy a low-cost index fund, and buy it over time. Be greedy when others are fearful, and fearful when others are greedy, but don’t think you can outsmart the market. “If a cross-section of American industry is going to do well over time, then why try to pick the little beauties and think you can do better? Very few people should be active investors.
Alice Schroeder (The Snowball: Warren Buffett and the Business of Life)
Before the 9/11 attack, the Bush administration cut counterterrorism funds, denied requests for more counterterrorism agents, threatened to veto additional counterterrorism spending, ignored numerous warnings about imminent attacks, and declared focusing on bin Laden a mistake.73 Later investigations would reveal, however, that at least seven months before 9/11, the Bush administration began domestic spying operations.74
Andrew P. Napolitano (Suicide Pact: The Radical Expansion of Presidential Powers and the Lethal Threat to American Liberty)
Gwen found herself in possession, coolly palmed in her thoughts like a dollar coin, of the idea that she was about to bring another abandoned son into the world, the son of an abandoned son. The heir to a history of disappointment and betrayal, violence, and loss. Centuries of loss, empires of disappointment. All the anger that Gwen had been feeling, not just today or over the past nine months but all her life--feeding on to it like a sun, using it to power her engines, to fund her stake in the American dream--struck her for the first time as a liability. As purely tragic. There was no way to partake of it without handing it on down the generations.
Michael Chabon (Telegraph Avenue)
Smoke a bowl and you can do this for hours,” one of the guys says. “Just kidding. No drugs in the major leagues.” As we cut the clay, there are no bowls to smoke—though according to one sod farm worker, weed goes well with anything turf-related: “You can’t be a grass man and not be a grass man,” he says—but there is an easy intimacy among the crew, a kind of in-this-together camaraderie, and for a few minutes I feel like one of them, too.
Rafi Kohan (The Arena: Inside the Tailgating, Ticket-Scalping, Mascot-Racing, Dubiously Funded, and Possibly Haunted Monuments of American Sport)
90 percent of landlords are represented by attorneys, and 90 percent of tenants are not.35 Low-income families on the edge of eviction have no right to counsel. But when tenants have lawyers, their chances of keeping their homes increase dramatically.36 Establishing publicly funded legal services for low-income families in housing court would be a cost-effective measure that would prevent homelessness, decrease evictions, and give poor families a fair shake. In
Matthew Desmond (Evicted: Poverty and Profit in the American City)
tailgating is a local tradition that both predates Lambeau Field and dovetails seamlessly with another beloved Green Bay pastime: drinking. Even Prohibition couldn’t slow the town’s taps. “There were speakeasies all over,” says the historian. “I was told once that one of the reasons the mob never moved in here was because it was so wide open. They couldn’t get a foothold. It was just generally accepted that Green Bay wasn’t going to obey the Eighteenth Amendment.
Rafi Kohan (The Arena: Inside the Tailgating, Ticket-Scalping, Mascot-Racing, Dubiously Funded, and Possibly Haunted Monuments of American Sport)
Most incarcerated women—nearly two-thirds—are in prison for nonviolent, low-level drug crimes or property crimes. Drug laws in particular have had a huge impact on the number of women sent to prison. “Three strikes” laws have also played a considerable role. I started challenging conditions of confinement at Tutwiler in the mid-1980s as a young attorney with the Southern Prisoners Defense Committee. At the time, I was shocked to find women in prison for such minor offenses. One of the first incarcerated women I ever met was a young mother who was serving a long prison sentence for writing checks to buy her three young children Christmas gifts without sufficient funds in her account. Like a character in a Victor Hugo novel, she tearfully explained her heartbreaking tale to me. I couldn’t accept the truth of what she was saying until I checked her file and discovered that she had, in fact, been convicted and sentenced to over ten years in prison for writing five checks, including three to Toys “R” Us. None of the checks was for more than $150. She was not unique. Thousands of women have been sentenced to lengthy terms in prison for writing bad checks or for minor property crimes that trigger mandatory minimum sentences. The collateral consequences of incarcerating women are significant. Approximately 75 to 80 percent of incarcerated women are mothers with minor children. Nearly 65 percent had minor children living with them at the time of their arrest—children who have become more vulnerable and at-risk as a result of their mother’s incarceration and will remain so for the rest of their lives, even after their mothers come home. In 1996, Congress passed welfare reform legislation that gratuitously included a provision that authorized states to ban people with drug convictions from public benefits and welfare. The population most affected by this misguided law is formerly incarcerated women with children, most of whom were imprisoned for drug crimes. These women and their children can no longer live in public housing, receive food stamps, or access basic services. In the last twenty years, we’ve created a new class of “untouchables” in American society, made up of our most vulnerable mothers and their children.
Bryan Stevenson (Just Mercy: A Story of Justice and Redemption)
As a youth I enjoyed — indeed, like most of my contemporaries, revered — the agitprop plays of Brecht, and his indictments of Capitalism. It later occurred to me that his plays were copyrighted, and that he, like I, was living through the operations of that same free market. His protestations were not borne out by his actions, neither could they be. Why, then, did he profess Communism? Because it sold. The public’s endorsement of his plays kept him alive; as Marx was kept alive by the fortune Engels’s family had made selling furniture; as universities, established and funded by the Free Enterprise system — which is to say by the accrual of wealth — house, support, and coddle generations of the young in their dissertations on the evils of America.
David Mamet (The Secret Knowledge: On the Dismantling of American Culture)
Whenever a government produces a method of extorting income for a "public service" it will endeavor to make that service into such a large bureaucracy that not only will it become an excuse for ever larger funding, but that it will be made so large and all encompassing, so as to be beyond removal from within that society. In the case of the American Justice system, the eventuality is that all citizens will be criminalized for the benefit of the system and not for the society for which it purports to protect.
D.B.Hall from the book Tirade of Dave
After the New Deal, economists began referring to America’s retirement-finance model as a “three-legged stool.” This sturdy tripod was composed of Social Security, private pensions, and combined investments and savings. In recent years, of course, two of those legs have been kicked out. Many Americans saw their assets destroyed by the Great Recession; even before the economic collapse, many had been saving less and less. And since the 1980s, employers have been replacing defined-benefit pensions that are funded by employers and guarantee a monthly sum in perpetuity with 401(k) plans, which often rely on employee contributions and can run dry before death. Marketed as instruments of financial liberation that would allow workers to make their own investment choices, 401(k)s were part of a larger cultural drift in America away from shared responsibilities toward a more precarious individualism. Translation: 401(k)s are vastly cheaper for companies than pension plans. “Over the last generation, we have witnessed a massive transfer of economic risk from broad structures of insurance, including those sponsored by the corporate sector as well as by government, onto the fragile balance sheets of American families,” Yale political scientist Jacob S. Hacker writes in his book The Great Risk Shift. The overarching message: “You are on your own.
Jessica Bruder (Nomadland: Surviving America in the Twenty-First Century)
I've always found the thousand dollar dinners more unsettling than the twenty-five-thousand dollar ones --- if someone pays the Republican National Committee twenty-five thousand dollars (or, more likely, fifty per couple) to breathe the same air as Charlie for an hour or two, then it's clear the person has money to spare. What breaks my heart is when it's apparent through their accent or attire that a person isn't well off but has scrimped to attend an event with us. We're not worth it! I want to say. You should have paid off your credit-card bill, invested in your grandchild's college fund, taken a vacation to the Ozarks. Instead, in a few weeks, they receive in the mail a photo with one or both of us, signed by an autopen, which they can frame so that we might grin out into their living room for years to come.
Curtis Sittenfeld (American Wife)
One of the problems with a 529 plan is that you must give up an element of control. The best 529 plans available, and my second choice to an ESA, is a “flexible” plan. This type of plan allows you to move your investment around periodically within a certain family of funds. A family of funds is a brand name of mutual fund. You could pick from virtually any mutual fund in the American Funds Group or Vanguard or Fidelity. You are stuck in one brand, but you can choose the type of fund, the amount in each, and move it around if you want. This is the only type of 529 I recommend.
Dave Ramsey (The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness)
Win elections through right-wing populism that taps into people’s outrage over the corruption and inequities wrought by unbridled globalization. Enrich corrupt oligarchs who in turn fund your politics. Create a vast partisan propaganda machine. Redraw parliamentary districts to entrench your party in power. Pack the courts with right-wing judges and erode the independence of the rule of law. Keep big business on your side with low taxes and favorable treatment. Demonize your political opponents through social media disinformation. Attack civil society as a tool of George Soros. Cast yourself as the sole legitimate defender of national security. Wrap the whole project in a Christian nationalist message that taps into the longing for a great past. Offer a sense of belonging for the disaffected masses. Relentlessly attack the Other: immigrants, Muslims, liberal elites.
Ben Rhodes (After the Fall: Being American in the World We've Made)
You can tell a lot about a country by its prisons. In hippy-dippy Socialist Sweden, rapists and murders (all three of them) while away their days making arts and crafts in what are essentially taxpayer-funded mental health clinics. The Swedes’ theory seems to be that a) anyone who commits such a crime must be crazy and b) with enough art therapy, the individual in question will soon become just another law-abiding, nude-sunbathing pot-smoker. In America, we think people in prison are either the victims of some terrible government conspiracy, the victims of “society”—whatever that means—or heinous evildoers. And if they are heinous enough, we fry them with electricity, unless of course they find Jesus first. The Swedes, in a nutshell, are tolerant and forgiving, verging on the naïve; Americans are religious and vengeful, suspicious of their government, and suckers for tear-jerking tales of redemption.
Maureen Klovers
It’s not that capitalism isn’t working. It’s that what we have right now is not capitalism. What we have is corporatism. It’s welfare for the rich. It’s the government picking winners and losers. It’s Wall Street having its taxpayer-funded cake and eating it, too. It’s socialized losses and privatized gains.
Arianna Huffington (Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream)
Clinton directed available funds away from countries like Afghanistan and toward the neediest cases in Africa, a dying continent that Lake and the new AID director, Brian Atwood, felt had been neglected for too long by Republican administrations. “Nobody wanted to return to the hot spots of the Reagan-Bush years,” such as Afghanistan, recalled one member of Clinton’s team at the aid agency. “They just wanted them to go away.” South Asia was “just one of those black holes out there.” Atwood faced hostility from Republicans in Congress who argued that American development aid was being wasted in poor, chaotic countries
Steve Coll (Ghost Wars: The Secret History of the CIA, Afghanistan & Bin Laden from the Soviet Invasion to September 10, 2001)
Full voting rights for American citizens, funding and additional resources for quality schools, and policing and court systems in which racial bias is not sanctioned by law—all these are well within our grasp. Visionaries, activists, judges, and politicians before us saw what America could be and fought hard for that kind of nation. This is the moment now when all of us—black, white, Latino, Native American, Asian American—must step out of the shadow of white rage, deny its power, understand its unseemly goals, and refuse to be seduced by its buzzwords, dog whistles, and sophistry. This is when we choose a different future.
Carol Anderson (White Rage: The Unspoken Truth of Our Racial Divide)
More plausible suspects in our mystery are the things that students collectively bring with them to school, ranging from(on the positive side of the ledger) academic encouragement at home and private funding for "extras" to (on the negative side) crime, drugs, and disorder. Whom you go to school with matters a lot.
Robert D. Putnam (Our Kids: The American Dream in Crisis)
The Social Security system is a $75 trillion problem. Again, just to give you a sense of scale: Let’s say you started a business the day Jesus Christ was born. Let’s say you weren’t exactly a good businessman, and your business lost a million dollars every day—right through yesterday. How much longer would it take before your losses added up to $1 trillion? About 718 more years should do it, give or take a few months. And that’s just one trillion. Multiply that by seventy-five, and you have the size of the Social Security problem. That’s the amount it would take to fully fund Social Security for all current workers and retirees. To realize the magnitude of the problem we’re facing, consider the fact that the total of all wealth in America is about $60 trillion. We could confiscate every item of value from every American household, including cash and investments, and apply the value to the problem—and still not have enough money to fund Social Security fully.
Neal Boortz (FairTax: The Truth: Answering the Critics)
Trying to assassinate the president should not be funny. It really shouldn't. It's not like I was cracking up when we read about Lincoln or JFK. But let's face it, they were real presidents. Gerald Ford ranks right up there with Millard Fillmore and Bush the First on the list of unexciting white men who have run this country, made their way into history books, and otherwise been human sleeping pills. If all the presidents had been television shows, Gerald Ford would probably have been a PBS fund drive. So I'd bet the fact that anyone would try to kill Gerald Ford, Gerald Rudolph Ford, was kind of hard to get excited about, even back in the day.
Alison Umminger (American Girls)
you know how I feel about the United Nations. From the beginning, it’s functioned as a one-world-order organization whose sole function is to look down its collective nose at the one nation that funds it, the United States. The UN has advocated the transfer of wealth out of the United States, the elimination of international borders, the establishment of a single global currency, international gun control, and the elimination of American jobs. It’s become a friendly forum for radical and scientifically absurd ideas like global warming and has advocated cockamamie international tax schemes like cap-and-trade. It has done everything it can to end the sovereignty of the United States.
Don Brown (Thunder in the Morning Calm (Pacific Rim #1))
A network of right-wing think tanks seized on Friedman’s proposal and descended on the city after the storm. The administration of George W. Bush backed up their plans with tens of millions of dollars to convert New Orleans schools into “charter schools,” publicly funded institutions run by private entities according to their own rules. Charter schools are deeply polarizing in the United States, and nowhere more than in New Orleans, where they are seen by many African-American parents as a way of reversing the gains of the civil rights movement, which guaranteed all children the same standard of education. For Milton Friedman, however, the entire concept of a state-run school system reeked of socialism.
Naomi Klein (The Shock Doctrine: The Rise of Disaster Capitalism)
The Internal Revenue Service which collects taxation in America is also a private company, though the public believe it is part of their government. In 1863 the Bureau of Internal Revenue was formed to collect taxation, but in 1933, that year again, came the start of another coup on the American people. Three members of the Prescott Bush circle, Helen and Clifton Barton and Hector Echeverria, formed the Internal Revenue Tax and Audit Service, registered in Delaware, America’s flag of convenience state, where few questions are asked. Prescott Bush was the father of George Bush. In 1936, this organisation changed its name to the Internal Revenue Service and ran as a private company. In 1953, the original Bureau of Internal Revenue was disbanded, leaving the private Internal Revenue Service to collect all the taxes, illegal taxes most of them, too. This is controlled by the same people who own the Federal Reserve and the Virginia Company and it is bleeding America dry. The Internal Revenue Service was, appropriately, created by American Nazis who were funding Adolf Hitler under the coordination of Prescott Bush, George’s father.
David Icke (The Biggest Secret: The book that will change the World)
Another example is the modern political order. Ever since the French Revolution, people throughout the world have gradually come to see both equality and individual freedom as fundamental values. Yet the two values contradict each other. Equality can be ensured only by curtailing the freedoms of those who are better off. Guaranteeing that every individual will be free to do as he wishes inevitably short-changes equality. The entire political history of the world since 1789 can be seen as a series of attempts to reconcile this contradiction. Anyone who has read a novel by Charles Dickens knows that the liberal regimes of nineteenth-century Europe gave priority to individual freedom even if it meant throwing insolvent poor families in prison and giving orphans little choice but to join schools for pickpockets. Anyone who has read a novel by Alexander Solzhenitsyn knows how Communism’s egalitarian ideal produced brutal tyrannies that tried to control every aspect of daily life. Contemporary American politics also revolve around this contradiction. Democrats want a more equitable society, even if it means raising taxes to fund programmes to help the poor, elderly and infirm. But that infringes on the freedom of individuals to spend their money as they wish. Why should the government force me to buy health insurance if I prefer using the money to put my kids through college? Republicans, on the other hand, want to maximise individual freedom, even if it means that the income gap between rich and poor will grow wider and that many Americans will not be able to afford health care. Just as medieval culture did not manage to square chivalry with Christianity, so the modern world fails to square liberty with equality. But this is no defect. Such contradictions are an inseparable part of every human culture. In fact, they are culture’s engines, responsible for the creativity and dynamism of our species. Just
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
For NED and American neocons, Yanukovych’s electoral legitimacy lasted only as long as he accepted European demands for new ‘trade agreements’ and stern economic ‘reforms’ required by the International Monetary Fund. When Yanukovych was negotiating those pacts, he won praise, but when he judged the price too high for Ukraine and opted for a more generous deal from Russia, he immediately became a target for ‘regime change.’ Thus, we have to ask, as Mr Putin asked - ‘Why?’ Why was NED funding sixty-five projects in one foreign country? Why were Washington officials grooming a replacement for President Yanukovych, legally and democratically elected in 2010, who, in the face of protests, moved elections up so he could have been voted out of office - not thrown out by a mob?
William Blum (America's Deadliest Export: Democracy The Truth about US Foreign Policy and Everything Else)
She balanced on a point between rage and its relief. Amid the layers of conscious thought and the involuntary actions of her body, Gwen found herself in possession, coolly palmed in her thoughts like a dollar coin, of the idea that she was about to bring another abandoned son into the world, the son of an abandoned son. The heir to a history of disappointment and betrayal, violence and loss. Centuries of loss, empires of disappointment. All the anger that Gwen had been feeling, not just today or over the past nine months but all her life—feeding on it like a sun, using it to power her engines, to fund her stake in the American dream—struck her for the first time as a liability. As purely tragic. There was no way to partake of it without handing it on down the generations.
Michael Chabon (Telegraph Avenue)
I would be remiss if I did not acknowledge that there is higher crime in some cities where larger minority populations live. Yes, black men are more likely to commit a violent offense than white men. No, this is not “black-on-black” or “brown-on-brown” crime. Those terms are 100 percent racist. It’s crime. We don’t call crime that happens in white communities “white-on-white” crime, even though the majority of crimes against white people are perpetrated by other white people. Crime is a problem within communities. And communities with higher poverty, fewer jobs, and less infrastructure are going to have higher crime, regardless of race. When the average black American has one-thirteenth the net worth and the average Hispanic American has one-tenth the net worth of the average white American,10 and when the poverty rate among Native Americans is over three times that of whites,11 it is a strong bet that neighborhoods of color are more likely to be poor neighborhoods with higher crime and that higher-priced neighborhoods with easier access to jobs and more funding for education that lead to less crime would be more likely to be populated by comparatively wealthier white people.
Ijeoma Oluo (So You Want to Talk About Race)
Today the message most commentators take from Adam Smith is that government should get out of the way. But that was not Smith’s message. He was enthusiastic about government regulation so long as it wasn’t simply a ruse to advantage one set of commercial interests over another. When “regulation . . . is in favor of the workmen,” he wrote in The Wealth of Nations, “it is always just and equitable.” He was equally enthusiastic about the taxes needed to fund effective governance. “Every tax,” he wrote, “is to the person who pays it a badge, not of slavery but of liberty.”9 Contemporary libertarians who invoke Smith before decrying labor laws or comparing taxation to theft seem to have skipped these passages. Far from a tribune of unregulated markets, Smith was a celebrant of effective governance. His biggest concern about the state wasn’t that it would be overbearing but that it would be overly beholden to narrow private interests. His greatest ire was reserved not for public officials but for powerful merchants who combined to rig public policies and repress private wages. These “tribes of monopoly” he compared with an “overgrown standing army” that had “become formidable to the government, and upon many occasions intimidate the legislature.” Too often, Smith maintained, concentrated economic power skewed the crafting of government policy. “Whenever the legislature attempts to regulate the differences between masters and their workmen,” he complained, “its counsellors are always the masters. . . . They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.”10
Jacob S. Hacker (American Amnesia: How the War on Government Led Us to Forget What Made America Prosper)
The three terms of Federalist rule had been full of dazzling accomplishments that Republicans, with their extreme apprehension of federal power, could never have achieved. Under the tutelage of Washington, Adams, and Hamilton, the Federalists had bequeathed to American history a sound federal government with a central bank, a funded debt, a high credit rating, a tax system, a customs service, a coast guard, a navy, and many other institutions that would guarantee the strength to preserve liberty. They activated critical constitutional doctrines that gave the American charter flexibility, forged the bonds of nationhood, and lent an energetic tone to the executive branch in foreign and domestic policy. Hamilton, in particular, bound the nation through his fiscal programs in a way that no Republican could have matched. He helped to establish the rule of law and the culture of capitalism at a time when a revolutionary utopianism and a flirtation with the French Revolution still prevailed among too many Jeffersonians. With their reverence for states’ rights, abhorrence of central authority, and cramped interpretation of the Constitution, Republicans would have found it difficult, if not impossible, to achieve these historic feats. Hamilton
Ron Chernow (Alexander Hamilton)
I discovered this tie several years ago when reporting on an FDA source’s tip about the suspected link between antiperspirants and breast cancer. The FDA official told me that the agency was contemplating requiring a breast cancer warning on antiperspirants based on several studies suggesting a possible link. But some inside the FDA felt that industry opposition would be insurmountable. It was an inside debate that would interest many in the public. As I pursued the story, the cosmetics industry wouldn’t do an interview but referred me to the American Cancer Society, which, they assured me, would defend their interests. Indeed, the American Cancer Society was all too happy to agree to appear on camera debunking any idea of a link between antiperspirants and breast cancer. But in my pre-interview with the Cancer Society’s chief doctor, I discovered he hadn’t read—and apparently didn’t know about—the latest peer-reviewed, published studies suggesting a link. That’s when I thought to ask the Cancer Society if it got funding from the cosmetics industry. The answer was a very defensive “Yes.” But the charity wouldn’t disclose how much and said they wouldn’t go through with the on-camera interview unless I agreed not to ask about the antiperspirant industry funding. I forwarded the studies to the American Cancer Society’s doctor. When he did the on-camera interview with me, he reversed his earlier position that had claimed the antiperspirant–breast cancer link was a “myth.” Instead, he answered my questions by deflecting—repeatedly stating, when asked about the latest antiperspirant studies, that women have more important things to focus on, such as getting regular mammograms.
Sharyl Attkisson (Stonewalled: One Reporter's Fight for Truth in Obama's Washington)
In October 1982, President Reagan officially announced his administration’s War on Drugs. At the time he declared this new war, less than 2 percent of the American public viewed drugs as the most important issue facing the nation.72 This fact was no deterrent to Reagan, for the drug war from the outset had little to do with public concern about drugs and much to do with public concern about race. By waging a war on drug users and dealers, Reagan made good on his promise to crack down on the racially defined “others”—the undeserving. Practically overnight the budgets of federal law enforcement agencies soared. Between 1980 and 1984, FBI antidrug funding increased from $8 million to $95 million.73 Department of Defense antidrug allocations increased from $33 million in 1981 to $1,042 million in 1991. During that same period, DEA antidrug spending grew from $86 to $1,026 million, and FBI antidrug allocations grew from $38 to $181 million.74 By contrast, funding for agencies responsible for drug treatment, prevention, and education was dramatically reduced. The budget of the National Institute on Drug Abuse, for example, was reduced from $274 million to $57 million from 1981 to 1984, and antidrug funds allocated to the Department of Education were cut from $14 million to $3 million.75
Michelle Alexander (The New Jim Crow: Mass Incarceration in the Age of Colorblindness)
Look at what we have come to. We like to think of ourselves as a wealthy country, but it is one of the great testaments to the intellectual - and moral, and spiritual - poverty of American society that is makes its most intelligent young people feel that they are being self-indulgent if they pursue their curiosity. You're told that you're supposed to go to college, but you're also told that you are being self-indulgent if you actually want to get an education. As opposed to what? Going into consulting isn't self-indulgent? Going into law, like most of the people who do, in order to make yourself rich, isn't self-indulgent? It's not okay to study history, because what good does that really do anyone, but it is okay to work for a hedge fund. It's selfish to pursue your passion, unless it's going to make you a lot of money, in which case it isn't selfish at all.
William Deresiewicz
[ Dr. Lois Jolyon West was cleared at Top Secret for his work on MKULTRA. ] Dr. Michael Persinger [235], another FSMF Board Member, is the author of a paper entitled “Elicitation of 'Childhood Memories' in Hypnosis-Like Settings Is Associated With Complex Partial Epileptic-Like Signs For Women But Not for Men: the False Memory Syndrome.” In the paper Perceptual and Motor Skills,In the paper, Dr. Persinger writes: On the day of the experiment each subject (not more than two were tested per day) was asked to sit quietly in an acoustic chamber and was told that the procedure was an experiment in relaxation. The subject wore goggles and a modified motorcycle helmet through which 10-milligauss (1 microTesla) magnetic fields were applied through the temporal plane. Except for a weak red (photographic developing) light, the room was dark. Dr. Persinger's research on the ability of magnetic fields to facilitate the creation of false memories and altered states of consciousness is apparently funded by the Defense Intelligence Agency through the project cryptonym SLEEPING BEAUTY. Freedom of Information Act requests concerning SLEEPING BEAUTY with a number of different intelligence agencies including the CIA and DEA has yielded denial that such a program exists. Certainly, such work would be of direct interest to BLUEBIRD, ARTICHOKE, MKULTRA and other non-lethal weapons programs. Schnabel [280] lists Dr. Persinger as an Interview Source in his book on remote viewing operations conducted under Stargate, Grill Flame and other cryptonyms at Fort Meade and on contract to the Stanford Research Institute. Schnabel states (p. 220) that, “As one of the Pentagon's top scientists, Vorona was privy to some of the strangest, most secret research projects ever conceived. Grill Flame was just one. Another was code-named Sleeping Beauty; it was a Defense Department study of remote microwave mind-influencing techniques ... [...] It appears from Schnabel's well-documented investigations that Sleeping Beauty is a real, but still classified mind control program. Schnabel [280] lists Dr. West as an Interview Source and says that West was a, “Member of medical oversight board for Science Applications International Corp. remote-viewing research in early 1990s.
Colin A. Ross (The CIA Doctors: Human Rights Violations by American Psychiatrists)
Keller, who devoted much of her later life to raising funds for the American Foundation for the Blind, never wavered in her belief that our society needed radical change. Having herself fought so hard to speak, she helped found the American Civil Liberties Union to fight for the free speech of others. She sent $100 to the NAACP with a letter of support that appeared in its magazine The Crisis—a radical act for a white person from Alabama in the 1920s. She supported Eugene V. Debs, the Socialist candidate, in each of his campaigns for the presidency. She composed essays on the women’s movement, on politics, on economics. Near the end of her life, she wrote to Elizabeth Gurley Flynn, leader of the American Communist Party, who was then languishing in jail, a victim of the McCarthy era: “Loving birthday greetings, dear Elizabeth Flynn! May the sense of serving mankind bring strength and peace into your brave heart!
James W. Loewen (Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong)
The short-termism among US policymakers has meant that the gains from globalization have been misallocated in a way that frustrated millions of Americans and spurred the populist reaction witnessed in 2016. As Alibaba founder Jack Ma pointed out at the Economic Forum in 2017, by choosing to spend $14.2 trillion fighting thirteen wars over three decades, rather than investing in America’s infrastructure, industry, and jobs, policymakers misallocated the wins from globalization. What was clear is that even thirty years ago, industrial jobs in the United States were already on the decline and exposing the economy to greater competition inherent in open international trade, further harming the American worker. The outcome was a missed opportunity to distribute the gains of globalization more widely (and in particular to America’s Rust Belt) and to fund a longer-term infrastructure investment strategy to galvanize the US economy.
Dambisa Moyo (Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth-and How to Fix It)
The majority of the guns fired on the British at Saratoga were French. Four years later, when the British set down their muskets at Yorktown, they surrendered to forces that were nearly equal parts French and American, all of them fed and clothed and paid by France, and protected by de Grasse’s fleet. Without French funds the Revolution would have collapsed; by a conservative estimate, America’s independence cost France more than 1.3 billion livres, the equivalent of $13 billion today.
Stacy Schiff (A Great Improvisation: Franklin, France, and the Birth of America)
it was England that shone as Hamilton’s true lodestar in public finance. Back in the 1690s, the British had set up the Bank of England, enacted an excise tax on spirits, and funded its public debt—that is, pledged specific revenues to insure repayment of its debt. During the eighteenth century, it had vastly expanded that public debt. Far from weakening the country, it had produced manifold benefits. Public credit had enabled England to build up the Royal Navy, to prosecute wars around the world, to maintain a global commercial empire. At the same time, government bonds issued to pay for the debt galvanized the economy, since creditors could use them as collateral for loans. By imitating British practice, Hamilton did not intend to make America subservient to the former mother country, as critics claimed. His objective was to promote American prosperity and self-sufficiency and make the country ultimately less reliant on British capital. Hamilton wanted to use British methods to defeat Britain economically.
Ron Chernow (Alexander Hamilton)
After World War II, the United States, triumphant abroad and undamaged at home, saw a door wide open for world supremacy. Only the thing called ‘communism’ stood in the way, politically, militarily, economically, and ideologically. Thus it was that the entire US foreign policy establishment was mobilized to confront this ‘enemy’, and the Marshall Plan was an integral part of this campaign. How could it be otherwise? Anti-communism had been the principal pillar of US foreign policy from the Russian Revolution up to World War II, pausing for the war until the closing months of the Pacific campaign when Washington put challenging communism ahead of fighting the Japanese. Even the dropping of the atom bomb on Japan – when the Japanese had already been defeated – can be seen as more a warning to the Soviets than a military action against the Japanese.19 After the war, anti-communism continued as the leitmotif of American foreign policy as naturally as if World War II and the alliance with the Soviet Union had not happened. Along with the CIA, the Rockefeller and Ford Foundations, the Council on Foreign Relations, certain corporations, and a few other private institutions, the Marshall Plan was one more arrow in the quiver of those striving to remake Europe to suit Washington’s desires: 1.    Spreading the capitalist gospel – to counter strong postwar tendencies toward socialism. 2.    Opening markets to provide new customers for US corporations – a major reason for helping to rebuild the European economies; e.g. a billion dollars (at twenty-first-century prices) of tobacco, spurred by US tobacco interests. 3.    Pushing for the creation of the Common Market (the future European Union) and NATO as integral parts of the West European bulwark against the alleged Soviet threat. 4.    Suppressing the left all over Western Europe, most notably sabotaging the Communist parties in France and Italy in their bids for legal, non-violent, electoral victory. Marshall Plan funds were secretly siphoned off to finance this endeavor, and the promise of aid to a country, or the threat of its cutoff, was used as a bullying club; indeed, France and Italy would certainly have been exempted from receiving aid if they had not gone along with the plots to exclude the Communists from any kind of influential role.
William Blum (America's Deadliest Export: Democracy The Truth about US Foreign Policy and Everything Else)
In the elaborate con that is American electoral politics, the Republican voter has long been the easiest mark in the game, the biggest dope in the room. Everyone inside the Beltway knows this. The Republican voters themselves are the only ones who never saw it. Elections are about a lot of things, but at the highest level, they’re about money. The people who sponsor election campaigns, who pay the hundreds of millions of dollars to fund the candidates’ charter jets and TV ads and 25-piece marching bands, those people have concrete needs. They want tax breaks, federal contracts, regulatory relief, cheap financing, free security for shipping lanes, antitrust waivers and dozens of other things. They mostly don’t care about abortion or gay marriage or school vouchers or any of the social issues the rest of us spend our time arguing about. It’s about money for them, and as far as that goes, the CEO class has had a brilliantly winning electoral strategy for a generation. They donate heavily to both parties, essentially hiring two different sets of politicians to market their needs to the population. The Republicans give them everything that they want, while the Democrats only give them mostly everything. They get everything from the Republicans because you don’t have to make a single concession to a Republican voter. All you have to do to secure a Republican vote is show lots of pictures of gay people kissing or black kids with their pants pulled down or Mexican babies at an emergency room. Then you push forward some dingbat like Michele Bachmann or Sarah Palin to reassure everyone that the Republican Party knows who the real Americans are. Call it the “Rove 1-2.” That’s literally all it’s taken to secure decades of Republican votes, a few patriotic words and a little over-the-pants rubbing. Policywise, a typical Republican voter never even asks a politician to go to second base. While we always got free trade agreements and wars and bailouts and mass deregulation of industry and lots of other stuff the donors definitely wanted, we didn’t get Roe v. Wade overturned or prayer in schools or balanced budgets or censorship of movies and video games or any of a dozen other things Republican voters said they wanted.
Matt Taibbi (Insane Clown President: Dispatches from the 2016 Circus)
The principal reason that districts within states often differ markedly in per-pupil expenditures is that school funding is almost always tied to property taxes, which are in turn a direct function of local wealth. Having school funding depend on local wealth creates a situation in which poor districts must tax themselves far more heavily than wealthy ones, yet still may not be able to generate adequate income. For example, Baltimore City is one of the poorest jurisdictions in Maryland, and the Baltimore City Public Schools have the lowest per-pupil instructional expenses of any of Maryland's 24 districts. Yet Baltimore's property tax rate is twice that of the next highest jurisdiction.(FN2) Before the funding equity decision in New Jersey, the impoverished East Orange district had one of the highest tax rates in the state, but spent only $3,000 per pupil, one of the lowest per-pupil expenditures in the state.(FN3) A similar story could be told in almost any state in the U.S.(FN4) Funding formulas work systematically against children who happen to be located in high-poverty districts, but also reflect idiosyncratic local circumstances. For example, a factory closing can bankrupt a small school district. What sense does it make for children's education to suffer based on local accidents of geography or economics? To my knowledge, the U.S. is the only nation to fund elementary and secondary education based on local wealth. Other developed countries either equalize funding or provide extra funding for individuals or groups felt to need it. In the Netherlands, for example, national funding is provided to all schools based on the number of pupils enrolled, but for every guilder allocated to a middle-class Dutch child, 1.25 guilders are allocated for a lower-class child and 1.9 guilders for a minority child, exactly the opposite of the situation in the U.S. where lower-class and minority children typically receive less than middle-class white children.(FN5) Regional differences in per-pupil costs may exist in other countries, but the situation in which underfunded urban or rural districts exist in close proximity to wealthy suburban districts is probably uniquely American. Of course, even equality in per-pupil costs in no way ensures equality in educational services. Not only do poor districts typically have fewer funds, they also have greater needs.
Robert E. Slavin
After analyzing our current crisis and studying well-established historical precedents, I must conclude that the global bankers have only three possible cards left to play. The first is admitting culpability and working to restore the American economic engine to its free-market potential. History has taught us that the ruling class rarely admits error and never concedes power. The second is to foment so much civil unrest and fear that the general population will be clamoring for a global dictator who will provide them food, shelter, and security in exchange for their individual freedom and sovereignty. I see the emerging militancy of the labor union movement playing right into this scenario. The final play is global conflict where they can try and control the outcome by means of funding both sides.
Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
Facebook’s own North American marketing director, Michelle Klein, who told an audience in 2016 that while the average adult checks his or her phone 30 times a day, the average millennial, she enthusiastically reported, checks more than 157 times daily. Generation Z, we now know, exceeds this pace. Klein described Facebook’s engineering feat: “a sensory experience of communication that helps us connect to others, without having to look away,” noting with satisfaction that this condition is a boon to marketers. She underscored the design characteristics that produce this mesmerizing effect: design is narrative, engrossing, immediate, expressive, immersive, adaptive, and dynamic.11 If you are over the age of thirty, you know that Klein is not describing your adolescence, or that of your parents, and certainly not that of your grandparents. Adolescence and emerging adulthood in the hive are a human first, meticulously crafted by the science of behavioral engineering; institutionalized in the vast and complex architectures of computer-mediated means of behavior modification; overseen by Big Other; directed toward economies of scale, scope, and action in the capture of behavioral surplus; and funded by the surveillance capital that accrues from unprecedented concentrations of knowledge and power. Our children endeavor to come of age in a hive that is owned and operated by the applied utopianists of surveillance capitalism and is continuously monitored and shaped by the gathering force of instrumentarian power. Is this the life that we want for the most open, pliable, eager, self-conscious, and promising members of our society?
Shoshana Zuboff (The Age of Surveillance Capitalism)
If government had declined to build racially separate public housing in cities where segregation hadn’t previously taken root, and instead had scattered integrated developments throughout the community, those cities might have developed in a less racially toxic fashion, with fewer desperate ghettos and more diverse suburbs. If the federal government had not urged suburbs to adopt exclusionary zoning laws, white flight would have been minimized because there would have been fewer racially exclusive suburbs to which frightened homeowners could flee. If the government had told developers that they could have FHA guarantees only if the homes they built were open to all, integrated working-class suburbs would likely have matured with both African Americans and whites sharing the benefits. If state courts had not blessed private discrimination by ordering the eviction of African American homeowners in neighborhoods where association rules and restrictive covenants barred their residence, middle-class African Americans would have been able gradually to integrate previously white communities as they developed the financial means to do so. If churches, universities, and hospitals had faced loss of tax-exempt status for their promotion of restrictive covenants, they most likely would have refrained from such activity. If police had arrested, rather than encouraged, leaders of mob violence when African Americans moved into previously white neighborhoods, racial transitions would have been smoother. If state real estate commissions had denied licenses to brokers who claimed an “ethical” obligation to impose segregation, those brokers might have guided the evolution of interracial neighborhoods. If school boards had not placed schools and drawn attendance boundaries to ensure the separation of black and white pupils, families might not have had to relocate to have access to education for their children. If federal and state highway planners had not used urban interstates to demolish African American neighborhoods and force their residents deeper into urban ghettos, black impoverishment would have lessened, and some displaced families might have accumulated the resources to improve their housing and its location. If government had given African Americans the same labor-market rights that other citizens enjoyed, African American working-class families would not have been trapped in lower-income minority communities, from lack of funds to live elsewhere. If the federal government had not exploited the racial boundaries it had created in metropolitan areas, by spending billions on tax breaks for single-family suburban homeowners, while failing to spend adequate funds on transportation networks that could bring African Americans to job opportunities, the inequality on which segregation feeds would have diminished. If federal programs were not, even to this day, reinforcing racial isolation by disproportionately directing low-income African Americans who receive housing assistance into the segregated neighborhoods that government had previously established, we might see many more inclusive communities. Undoing the effects of de jure segregation will be incomparably difficult. To make a start, we will first have to contemplate what we have collectively done and, on behalf of our government, accept responsibility.
Richard Rothstein (The Color of Law: A Forgotten History of How Our Government Segregated America)
We cannot pick and choose whom among the oppressed it is convenient to support. We must stand with all the oppressed or none of the oppressed. This is a global fight for life against corporate tyranny. We will win only when we see the struggle of working people in Greece, Spain, and Egypt as our own struggle. This will mean a huge reordering of our world, one that turns away from the primacy of profit to full employment and unionized workplaces, inexpensive and modernized mass transit, especially in impoverished communities, universal single-payer health care and a banning of for-profit health care corporations. The minimum wage must be at least $15 an hour and a weekly income of $500 provided to the unemployed, the disabled, stay-at-home parents, the elderly, and those unable to work. Anti-union laws, like the Taft-Hartley Act, and trade agreements such as NAFTA, will be abolished. All Americans will be granted a pension in old age. A parent will receive two years of paid maternity leave, as well as shorter work weeks with no loss in pay and benefits. The Patriot Act and Section 1021 of the National Defense Authorization Act, which permits the military to be used to crush domestic unrest, as well as government spying on citizens, will end. Mass incarceration will be dismantled. Global warming will become a national and global emergency. We will divert our energy and resources to saving the planet through public investment in renewable energy and end our reliance on fossil fuels. Public utilities, including the railroads, energy companies, the arms industry, and banks, will be nationalized. Government funding for the arts, education, and public broadcasting will create places where creativity, self-expression, and voices of dissent can be heard and seen. We will terminate our nuclear weapons programs and build a nuclear-free world. We will demilitarize our police, meaning that police will no longer carry weapons when they patrol our streets but instead, as in Great Britain, rely on specialized armed units that have to be authorized case by case to use lethal force. There will be training and rehabilitation programs for the poor and those in our prisons, along with the abolition of the death penalty. We will grant full citizenship to undocumented workers. There will be a moratorium on foreclosures and bank repossessions. Education will be free from day care to university. All student debt will be forgiven. Mental health care, especially for those now caged in our prisons, will be available. Our empire will be dismantled. Our soldiers and marines will come home.
Chris Hedges (America: The Farewell Tour)
What the turbulent months of the campaign and the election revealed most of all, I think, was that the American people were voicing a profound demand for change. On the one hand, the Humphrey people were demanding a Marshall Plan for our diseased cities and an economic solution to our social problems. The Nixon and Wallace supporters, on the other hand, were making their own limited demands for change. They wanted more "law and order," to be achieved not through federal spending but through police, Mace, and the National Guard. We must recognize and accept the demand for change, but now we must struggle to give it a progressive direction. For the immediate agenda, I would make four proposals. First, the Electoral College should be eliminated. It is archaic, undemocratic, and potentially very dangerous. Had Nixon not achieved a majority of the electoral votes, Wallace might have been in the position to choose and influence our next President. A shift of only 46,000 votes in the states of Alaska, Delaware, New Jersey, and Missouri would have brought us to that impasse. We should do away with this system, which can give a minority and reactionary candidate so much power and replace it with one that provides for the popular election of the President. It is to be hoped that a reform bill to this effect will emerge from the hearings that will soon be conducted by Senator Birch Bayh of Indiana. Second, a simplified national registration law should be passed that provides for universal permanent registration and an end to residence requirements. Our present system discriminates against the poor who are always underregistered, often because they must frequently relocate their residence, either in search of better employment and living conditions or as a result of such poorly planned programs as urban renewal (which has been called Negro removal). Third, the cost of the presidential campaigns should come from the public treasury and not from private individuals. Nixon, who had the backing of wealthy corporate executives, spent $21 million on his campaign. Humphrey's expenditures totaled only $9.7 million. A system so heavily biased in favor of the rich cannot rightly be called democratic. And finally, we must maintain order in our public meetings. It was disgraceful that each candidate, for both the presidency and the vice-presidency, had to be surrounded by cordons of police in order to address an audience. And even then, hecklers were able to drown him out. There is no possibility for rational discourse, a prerequisite for democracy, under such conditions. If we are to have civility in our civil life, we must not permit a minority to disrupt our public gatherings.
Bayard Rustin (Down the Line: The Collected Writings of Bayard Rustin)
For in America this season is decreed “family season”. (Eat your hearts out, you pitiable loners who don’t have families!) Melancholy as Thanksgiving is, the Christmas-New year’s season is far worse and lasts far longer, providing rich fund of opportunities for self-medicating, mental collapse, suicide and public mayhem with firearms. In fact it might be argued that the Christmas-New year’s season which begins abruptly after Thanksgiving is now the core-sason of American life itself, the meaning of American life„ the brute existencial point of it. How without families must envy us who bask in parental love, in the glow of yule-logs burning in fireplaces stoked by our daddie’s robust pokers, we who are stuffed to bursting with our mummie’s frantic holiday cooking; how you wish you could be us, pampered/protected kids tearing expensive foil wrappings off too many packages to count, gathered about the Christmas tree on Christmas morning as Mummy gently chided: “Skyler! Bliss! Show Daddy and Mummy what you’ve just opened, please! And save the little cards, so you know who gave such nice things to you
Joyce Carol Oates (My Sister, My Love)
For in America this season is decreed “family season”. (Eat your hearts out, you pitiable loners who don’t have families!) Melancholy as Thanksgiving is, the Christmas-New year’s season is far worse and lasts far longer, providing rich fund of opportunities for self-medicating, mental collapse, suicide and public mayhem with firearms. In fact it might be argued that the Christmas-New year’s season which begins abruptly after Thanksgiving is now the core-sason of American life itself, the meaning of American life„ the brute existencial point of it. How without families must envy us who bask in parental love, in the glow of yule-logs burning in fireplaces stoked by our daddie’s robust pokers, we who are stuffed to bursting with our mummie’s frantic holiday cooking; how you wish you could be us, pampered/protected kids tearing expensive foil wrappings off too many packages to count, gathered about the Christmas tree on Christmas morning as Mummy gently chided: “Skyler! Bliss! Show Daddy and Mummy what you’ve just opened, please! And save the little cards, so you know who gave such nice things to you”.
Joyce Carol Oates
New Rule: Democrats must get in touch with their inner asshole. I refer to the case of Van Jones, the man the Obama administration hired to find jobs for Americans in the new green industries. Seems like a smart thing to do in a recession, but Van Jones got fired because he got caught on tape saying Republicans are assholes. And they call it news! Now, I know I'm supposed to be all reinjected with yes-we-can-fever after the big health-care speech, and it was a great speech--when Black Elvis gets jiggy with his teleprompter, there is none better. But here's the thing: Muhammad Ali also had a way with words, but it helped enormously that he could also punch guys in the face. It bothers me that Obama didn't say a word in defense of Jones and basically fired him when Glenn Beck told him to. Just like dropped "end-of-life counseling" from health-care reform because Sarah Palin said it meant "death panels" on her Facebook page. Crazy morons make up things for Obama to do, and he does it. Same thing with the speech to schools this week, where the president attempted merely to tell children to work hard and wash their hands, and Cracker Nation reacted as if he was trying to hire the Black Panthers to hand out grenades in homeroom. Of course, the White House immediately capitulated. "No students will be forced to view the speech" a White House spokesperson assured a panicked nation. Isn't that like admitting that the president might be doing something unseemly? What a bunch of cowards. If the White House had any balls, they'd say, "He's giving a speech on the importance of staying in school, and if you jackasses don't show it to every damn kid, we're cutting off your federal education funding tomorrow." The Democrats just never learn: Americans don't really care which side of an issue you're on as long as you don't act like pussies When Van Jones called the Republicans assholes, he was paying them a compliment. He was talking about how they can get things done even when they're in the minority, as opposed to the Democrats , who can't seem to get anything done even when they control both houses of Congress, the presidency, and Bruce Springsteen. I love Obama's civility, his desire to work with his enemies; it's positively Christlike. In college, he was probably the guy at the dorm parties who made sure the stoners shared their pot with the jocks. But we don't need that guy now. We need an asshole. Mr. President, there are some people who are never going to like you. That's why they voted for the old guy and Carrie's mom. You're not going to win them over. Stand up for the seventy percent of Americans who aren't crazy. And speaking of that seventy percent, when are we going to actually show up in all this? Tomorrow Glenn Beck's army of zombie retirees descending on Washington. It's the Million Moron March, although they won't get a million, of course, because many will be confused and drive to Washington state--but they will make news. Because people who take to the streets always do. They're at the town hall screaming at the congressman; we're on the couch screaming at the TV. Especially in this age of Twitters and blogs and Snuggies, it's a statement to just leave the house. But leave the house we must, because this is our last best shot for a long time to get the sort of serious health-care reform that would make the United States the envy of several African nations.
Bill Maher (The New New Rules: A Funny Look At How Everybody But Me Has Their Head Up Their Ass)
Do you ever feel that same need? Your life is so very different from my own. The grandness of the world, the real world, the whole world, is a known thing for you. And you have no need of dispatches because you have seen so much of the American galaxy and its inhabitants—their homes, their hobbies—up close. I don’t know what it means to grow up with a black president, social networks, omnipresent media, and black women everywhere in their natural hair. What I know is that when they loosed the killer of Michael Brown, you said, “I’ve got to go.” And that cut me because, for all our differing worlds, at your age my feeling was exactly the same. And I recall that even then I had not yet begun to imagine the perils that tangle us. You still believe the injustice was Michael Brown. You have not yet grappled with your own myths and narratives and discovered the plunder everywhere around us. Before I could discover, before I could escape, I had to survive, and this could only mean a clash with the streets, by which I mean not just physical blocks, nor simply the people packed into them, but the array of lethal puzzles and strange perils that seem to rise up from the asphalt itself. The streets transform every ordinary day into a series of trick questions, and every incorrect answer risks a beat-down, a shooting, or a pregnancy. No one survives unscathed. And yet the heat that springs from the constant danger, from a lifestyle of near-death experience, is thrilling. This is what the rappers mean when they pronounce themselves addicted to “the streets” or in love with “the game.” I imagine they feel something akin to parachutists, rock climbers, BASE jumpers, and others who choose to live on the edge. Of course we chose nothing. And I have never believed the brothers who claim to “run,” much less “own,” the city. We did not design the streets. We do not fund them. We do not preserve them. But I was there, nevertheless, charged like all the others with the protection of my body. The crews, the young men who’d transmuted their fear into rage, were the greatest danger. The crews walked the blocks of their neighborhood, loud and rude, because it was only through their loud rudeness that they might feel any sense of security and power. They would break your jaw, stomp your face, and shoot you down to feel that power, to revel in the might of their own bodies.
Ta-Nehisi Coates (Between the World and Me)
FOLKSBIENE, an impoverished, frail Yiddish theater company in constant danger of annihilation, had outlasted all the giants. The year of Schwartz's death the little troupe moved into the Forward building, guaranteeing it a permanent home with four walls and a roof, plus heat in the winter, fans in the summer, and best of all, continuing subsidies from the newspaper and the Workmen's Circle. Sporadically, other Yiddish productions would take place in New York, but they were one-shots, musicals, and charity fund-raisers. Ensconced in their new place, Folksbiene managers claimed that theirs was the oldest continuously operating Yiddish theater in the world. As proof, all past productions were listed year by year, ranging all the way back to 1915. It was an impressive roster. Among the authors included were Sholem Aleichem, Leon Kobrin, and both Singer brothers, Israel Joshua and Isaac Bashevis; also the Russians Alexander Pushkin and Maxim Gorki; and such American authors as Theodore Dreiser, Eugene O'Neill, Sherwood Anderson, and Clifford Odets. It didn't matter how well attended those shows were, or how well acted, or the duration of their runs. The point was that the Folksbiene had survived, just as the Jewish people had survived. Together, they were the keepers of the flame. It was a very small candle in a very big city.
Stefan Kanfer (Stardust Lost: The Triumph, Tragedy, and Meshugas of the Yiddish Theater in America)
the rivalry between the big and little states almost tore the convention apart. Their dispute was over whether the legislative branch should be proportioned by population or by equal votes per state. Finally, Franklin arose to make a motion on behalf of a compromise that would have a House proportioned by population and a Senate with equal votes per state. “When a broad table is to be made, and the edges of planks do not fit, the artist takes a little from both, and makes a good joint,” he said. “In like manner here, both sides must part with some of their demands.” His point was crucial for understanding the art of true political leadership: Compromisers may not make great heroes, but they do make great democracies. The toughest part of political leadership, however, is knowing when to compromise and when to stand firm on principle. There is no easy formula for figuring that out, and Franklin got it wrong at times. At the Constitutional Convention, he went along with a compromise that soon haunted him: permitting the continuation of slavery. But he was wise enough to try to rectify such mistakes. After the Constitutional Convention, he became the president of a society for the abolition of slavery. He realized that humility required tolerance for other people’s values, which at times required compromise; however, it was important to be uncompromising in opposing those who refused to show tolerance for others. During his lifetime, Benjamin Franklin donated to the building fund of each and every church built in Philadelphia. And at one point, when a new hall was being built to accommodate itinerate preachers, Franklin wrote the fund-raising document and urged citizens to be tolerant enough so “that even if the Mufti of Constantinople were to send a missionary to preach Mohammedanism to us, he would find a pulpit at his service.” And on his deathbed, he was the largest individual contributor to the building fund for Mikveh Israel, the first synagogue in Philadelphia.
Walter Isaacson (American Sketches: Great Leaders, Creative Thinkers & Heroes of a Hurricane)
Understanding Metro's history may illuminate today's debates. To conservatives who decry Metro's expense--around $10 billion in nominal dollars--this book serves as a reminder that Metro was never intended to be the cheapest solution to any problem, and that it is the product of an age that did not always regard cheapness as an essential attribute of good government. To those who celebrate automobile commuting as the rational choice of free Americans, it replies that some Americans have made other choices, based on their understanding that building great cities is more important than minimizing average commuting time. This book may also answer radicals who believe that public funds should primarily--or exclusively--serve the poor, which in the context of transportation means providing bus and rail transit for the carless while leaving the middle class to drive. It suggests that Metro has done more for inner-city African Americans than is generally understood. And to those hostile to public mega-projects as a matter of principle, it responds that it may take a mega-project to kill a mega-project. Had activists merely opposed freeways, they might as well have been dismissed as cranks by politicians and technical experts alike. By championing rapid transit as an equally bold alternative, they won allies, and, ultimately, victory. Most important, this book recalls the belief of Great Society liberals that public investments should serve all classes and all races, rather than functioning as a last resort. These liberals believed, with Abraham Lincoln, that 'the legitimate object of government is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves--in their separate, and individual capacities.' This approach justifies the government's role in rail not as a means of distributing wealth, but as an agent for purchasing rapid transit--a good that people collectively want but cannot collectively buy through a market.
Zachary M. Schrag (The Great Society Subway: A History of the Washington Metro (Creating the North American Landscape))
Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton's Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarise this below, 1. Privatisation. This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. 2. Capital Market Liberalization. This is the repealing any laws that taxes money going over its borders. Stiglitz calls this the, “hot money,” cycle. Initially cash comes in from abroad to speculate in real estate and currency, then when the economy in that country starts to look promising, this outside wealth is pulled straight out again, causing the economy to collapse. The nation then requires International Monetary Fund (IMF) help and the IMF provides it under the pretext that they raise interest rates anywhere from 30% to 80%. This happened in Indonesia and Brazil, also in other Asian and Latin American nations. These higher interest rates consequently impoverish a country, demolishing property values, savaging industrial production and draining national treasuries. 3. Market Based Pricing. This is where the prices of food, water and domestic gas are raised which predictably leads to social unrest in the respective nation, now more commonly referred to as, “IMF Riots.” These riots cause the flight of capital and government bankruptcies. This benefits the foreign corporations as the nations remaining assets can be purchased at rock bottom prices. 4. Free Trade. This is where international corporations burst into Asia, Latin America and Africa, whilst at the same time Europe and America barricade their own markets against third world agriculture. They also impose extortionate tariffs which these countries have to pay for branded pharmaceuticals, causing soaring rates in death and disease.
Anonymous
...the centrality of competitiveness as the key to growth is a recurrent EU motif. Two decades of EC directives on increasing competition in every area, from telecommunications to power generation to collateralizing wholesale funding markets for banks, all bear the same ordoliberal imprint. Similarly, the consistent focus on the periphery states’ loss of competitiveness and the need for deep wage and cost reductions therein, while the role of surplus countries in generating the crisis is utterly ignored, speaks to a deeply ordoliberal understanding of economic management. Savers, after all, cannot be sinners. Similarly, the most recent German innovation of a constitutional debt brake (Schuldenbremse) for all EU countries regardless of their business cycles or structural positions, coupled with a new rules-based fiscal treaty as the solution to the crisis, is simply an ever-tighter ordo by another name. If states have broken the rules, the only possible policy is a diet of strict austerity to bring them back into conformity with the rules, plus automatic sanctions for those who cannot stay within the rules. There are no fallacies of composition, only good and bad policies. And since states, from an ordoliberal viewpoint, cannot be relied upon to provide the necessary austerity because they are prone to capture, we must have rules and an independent monetary authority to ensure that states conform to the ordo imperative; hence, the ECB. Then, and only then, will growth return. In the case of Greece and Italy in 2011, if that meant deposing a few democratically elected governments, then so be it. The most remarkable thing about this ordoliberalization of Europe is how it replicates the same error often attributed to the Anglo-American economies: the insistence that all developing states follow their liberal instruction sheets to get rich, the so-called Washington Consensus approach to development that we shall discuss shortly. The basic objection made by late-developing states, such as the countries of East Asia, to the Washington Consensus/Anglo-American idea “liberalize and then growth follows” was twofold. First, this understanding mistakes the outcomes of growth, stable public finances, low inflation, cost competitiveness, and so on, for the causes of growth. Second, the liberal path to growth only makes sense if you are an early developer, since you have no competitors—pace the United Kingdom in the eighteenth century and the United States in the nineteenth century. Yet in the contemporary world, development is almost always state led.
Mark Blyth (Austerity: The History of a Dangerous Idea)
In opting for large scale, Korean state planners got much of what they bargained for. Korean companies today compete globally with the Americans and Japanese in highly capital-intensive sectors like semiconductors, aerospace, consumer electronics, and automobiles, where they are far ahead of most Taiwanese or Hong Kong companies. Unlike Southeast Asia, the Koreans have moved into these sectors not primarily through joint ventures where the foreign partner has provided a turnkey assembly plant but through their own indigenous organizations. So successful have the Koreans been that many Japanese companies feel relentlessly dogged by Korean competitors in areas like semiconductors and steel. The chief advantage that large-scale chaebol organizations would appear to provide is the ability of the group to enter new industries and to ramp up to efficient production quickly through the exploitation of economies of scope.70 Does this mean, then, that cultural factors like social capital and spontaneous sociability are not, in the end, all that important, since a state can intervene to fill the gap left by culture? The answer is no, for several reasons. In the first place, not every state is culturally competent to run as effective an industrial policy as Korea is. The massive subsidies and benefits handed out to Korean corporations over the years could instead have led to enormous abuse, corruption, and misallocation of investment funds. Had President Park and his economic bureaucrats been subject to political pressures to do what was expedient rather than what they believed was economically beneficial, if they had not been as export oriented, or if they had simply been more consumption oriented and corrupt, Korea today would probably look much more like the Philippines. The Korean economic and political scene was in fact closer to that of the Philippines under Syngman Rhee in the 1950s. Park Chung Hee, for all his faults, led a disciplined and spartan personal lifestyle and had a clear vision of where he wanted the country to go economically. He played favorites and tolerated a considerable degree of corruption, but all within reasonable bounds by the standards of other developing countries. He did not waste money personally and kept the business elite from putting their resources into Swiss villas and long vacations on the Riviera.71 Park was a dictator who established a nasty authoritarian political system, but as an economic leader he did much better. The same power over the economy in different hands could have led to disaster. There are other economic drawbacks to state promotion of large-scale industry. The most common critique made by market-oriented economists is that because the investment was government rather than market driven, South Korea has acquired a series of white elephant industries such as shipbuilding, petrochemicals, and heavy manufacturing. In an age that rewards downsizing and nimbleness, the Koreans have created a series of centralized and inflexible corporations that will gradually lose their low-wage competitive edge. Some cite Taiwan’s somewhat higher overall rate of economic growth in the postwar period as evidence of the superior efficiency of a smaller, more competitive industrial structure.
Francis Fukuyama (Trust: The Social Virtues and the Creation of Prosperity)