“
I looked anxiously around me: the present, nothing but the present. Furniture light and solid, rooted in its present, a table, a bed, a closet with a mirror-and me. the true nature of the present revealed itself: it was what exists, and all that was not present did not exist. The past did not exist. Not at all. Not in things, not even in my thoughts. It is true that I had realized a long time ago that mine had escaped me. But until then I had believed that it had simply gone out of my range. For me the past was only a pensioning off: it was another way of existing, a state of vacation and inaction; each event, when it had played its part, put itself politely into a box and became an honorary event: we have so much difficulty imagining nothingness. Now I knew: things are entirely what they appear to be-and behind them... there is nothing.
”
”
Jean-Paul Sartre (Nausea)
“
But there’s a reason. There’s a reason. There’s a reason for this, there’s a reason education sucks, and it’s the same reason that it will never, ever, ever be fixed. It’s never gonna get any better. Don’t look for it. Be happy with what you got. Because the owners of this country don't want that. I'm talking about the real owners now, the real owners, the big wealthy business interests that control things and make all the important decisions. Forget the politicians. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the senate, the congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying, lobbying, to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I'll tell you what they don’t want: They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. Thats against their interests. Thats right. They don’t want people who are smart enough to sit around a kitchen table to figure out how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that. You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paperwork, and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you, sooner or later, 'cause they own this fucking place. It's a big club, and you ain’t in it. You and I are not in the big club. And by the way, it's the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head in their media telling you what to believe, what to think and what to buy. The table is tilted folks. The game is rigged, and nobody seems to notice, nobody seems to care. Good honest hard-working people -- white collar, blue collar, it doesn’t matter what color shirt you have on -- good honest hard-working people continue -- these are people of modest means -- continue to elect these rich cocksuckers who don’t give a fuck about them. They don’t give a fuck about you. They don’t give a fuck about you. They don't care about you at all -- at all -- at all. And nobody seems to notice, nobody seems to care. That's what the owners count on; the fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that's being jammed up their assholes everyday. Because the owners of this country know the truth: it's called the American Dream, because you have to be asleep to believe it.
”
”
George Carlin
“
The first man to sight land was supposed to get a yearly pension of 10,000 maravedis for life, but Rodrigo never got it. Columbus claimed he had seen a light the evening before. He got the reward.
”
”
Howard Zinn (A People's History of the United States)
“
Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.
”
”
Thomas Piketty (Capital in the Twenty-First Century)
“
In 1980 only 23 percent of state pension money had been invested in the stock market; by 2008 the number had risen to 60 percent.
”
”
Michael Lewis (Boomerang: Travels in the New Third World)
“
..each ministry has an allocation of money to spend on projects agreed to by the government.
Every Secretary of State is acutely aware that his tenure of office maybe very short, so he picks out a major contract for himself from the many available.
It's the one way to ensure a pension for life if the government is changed overnight or the minister simply loses his job.
”
”
Jeffrey Archer (A Quiver Full of Arrows)
“
Incidentally, I notice that our professors, trying to show off to their students, rant and rail against the state and against law and order, while expecting that same state to punctually pay their salaries, pensions, and family allowances, so that they value at least this kind of law and order. Make a fist with the left hand and open the right hand receptively—that is how one gets through life.
”
”
Ernst Jünger (Eumeswil)
“
Lacking a functional state that assured basic social goods taken for granted elsewhere—education, pensions, health care, transport, parental leave, vacations—Americans could be overwhelmed by each day, and lose a sense of the future.
”
”
Timothy Snyder (The Road to Unfreedom: Russia, Europe, America)
“
The retirement age for Greek jobs classified as "arduous" is as early as fifty-five for men and fifty for women. As this is also the moment when the state begins to shovel out generous pensions, more than six hundred Greek professions somehow managed to get themselves classified as arduous: hairdressers, radio announcers, writers, musicians, and on and on and on.
”
”
Michael Lewis (Boomerang: Travels in the New Third World)
“
Free education, almost free healthcare, a generous benefits system and a better state pension than elsewhere, guarantee equal opportunities for all citizens. The only problem is that all these require a considerable amount of public revenue. This is why the common assertion that to be born in Finland is like winning the jackpot in the lottery is only applicable when you are at the receiving end. A far more common experience is that you need to win the lottery just to cover the tax bill.
”
”
Tarja Moles (Xenophobe's Guide to the Finns)
“
Slavery is not a horror safely confined to the past; it continues to exist throughout the world, even in developed countries like France and the United States. Across the world slaves work and sweat and build and suffer. Slaves in Pakistan may have made the shoes you are wearing and the carpet you stand on. Slaves in the Caribbean may have put sugar in your kitchen and toys in the hands of your children. In India they may have sewn the shirt on your back and polished the ring on your finger. They are paid nothing.
Slaves touch your life indirectly as well. They made the bricks for the factory that made the TV you watch. In Brazil slaves made the charcoal that tempered the steel that made the springs in your car and the blade on your lawnmower. Slaves grew the rice that fed the woman that wove the lovely cloth you've put up as curtains. Your investment portfolio and your mutual fund pension own stock in companies using slave labor in the developing world. Slaves keep your costs low and returns on your investments high.
”
”
Kevin Bales
“
A man goes to a foreign country and kills somebody who's not aggressing against him; in a Hawaiian shirt he's a criminal, in a green costume he's a hero who gets a parade and a pension. So that, as a culture, we remain in a state of moral insanity. To point out these contradictions to people in society is to be labeled insane. This is how insane society remains, that anybody who points out logical opposites in the most essential human topic of ethics, is considered to be insane.
”
”
Stefan Molyneux
“
I've never understood America,"said the king.
"Neither do we, sir. You might say we have two governments, kind of overlapping. First we have the elected government. It's Democratic or Republican, doesn't make much difference, and then there's corporation government."
"They get along together, these governments?"
"Sometimes," said Tod. "I don't understand it myself. You see, the elected government pretends to be democratic, and actually it is autocratic. The corporation governments pretend to be autocratic and they're all the time accusing the others of socialism. They hate socialism."
"So I have heard," said Pippin.
"Well, here's the funny thing, sir. You take a big corporation in America, say like General Motors or Du Pont or U.S. Steel. The thing they're most afraid of is socialism, and at the same time they themselves are socialist states."
The king sat bolt upright. "Please?" he said.
"Well, just look at it, sir. They've got medical care for employees and their families and accident insurance and retirement pensions, paid vacations -- even vacation places -- and they're beginning to get guaranteed pay over the year. The employees have representation in pretty nearly everything, even the color they paint the factories. As a matter of fact, they've got socialism that makes the USSR look silly. Our corporations make the U.S. Government seem like an absolute monarchy. Why, if the U.S. government tried to do one-tenth of what General Motors does, General Motors would go into armed revolt. It's what you might call a paradox sir.
”
”
John Steinbeck (The Short Reign of Pippin IV)
“
when a company (say, General Motors) or a city or state says to its employees that it cannot “afford” to pay pensions, they are engaging in theft and the thieves should be prosecuted
”
”
George Lakoff (The All New Don't Think of an Elephant!: Know Your Values and Frame the Debate)
“
The rise of the modern welfare system is often traced to the pension system instituted for Union veterans in the 1870s, but it was the Confederacy—and Southern white women—that laid its foundation.81
”
”
Jill Lepore (These Truths: A History of the United States)
“
Terry took the silence as acquiescence, “The other way to make money is to exploit people, oh, no sorry, that’s the ‘only’ way to make money, exploit other people, that’s how the billionaires have acquired all their money by exploiting others… So how did they achieve it? You’re going to love this… they changed all the rules to accommodate what they wanted to do. How I hear you ask… easy, they own the politicians, they own the banks, they own industry and they own everything. They made it easier for themselves to invest in so called emerging markets. What once would’ve been considered treasonous was now considered virtuous. Instead of building up the nation state and its resources, all of its resources, including its people, they concentrated on building up their profits. That’s all they did. They invested in parts of the world where children could be worked for 12 hours a day 7 days a week, where grown men and women could be treated like slaves and all for a pittance and they did this because we here in the west had made it illegal to work children, because we’d abolished slavery, because we had fought for workers’ rights, for a minimum wage, for a 40 hr week, for pensions, for the right to retire, for a free NHS, for free education, all of these things were getting in the way of them making a quick and easy profit and worse …had been making us feel we were worth something.
”
”
Arun D. Ellis (Corpalism)
“
Nowhere do “politicians” form a more separate and powerful section of the nation than precisely in North America. There, each of the two major parties which alternatively succeed each other in power is itself in turn controlled by people who make a business of politics, who speculate on seats in the legislative assemblies of the Union as well as of the separate states, or who make a living by carrying on agitation for their party and on its victory are rewarded with positions. It is well known how the Americans have been trying for thirty years to shake off this yoke, which has become intolerable, and how in spite of it all they continue to sink ever deeper in this swamp of corruption. It is precisely in America that we see best how there takes place this process of the state power making itself independent in relation to society, whose mere instrument it was originally intended to be. Here there exists no dynasty, no nobility, no standing army, beyond the few men keeping watch on the Indians, no bureaucracy with permanent posts or the right to pensions. And nevertheless we find here two great gangs of political speculators, who alternately take possession of the state power and exploit it by the most corrupt means and for the most corrupt ends – and the nation is powerless against these two great cartels of politicians, who are ostensibly its servants, but in reality dominate and plunder it.
”
”
Friedrich Engels
“
There's a reason that education sucks.
And it's the same reason
that it will never ever, ever be fixed.
It's never going to get any better,
don't look for it,
be happy with what you got.
Because the owners of this country don't want that.
I'm talking about the real owners now.
The real owners.
The big, wealthy business interests that control things
and make all the important decisions.
Forget the politicians.
The politicians are put there
to give you the idea that you have freedom of choice.
You don't.
You have no choice.
You have owners.
They own you.
They own everything.
They own all the important land.
They own and control the corporations.
They've long since bought and paid for the Senate,
the Congress, the state houses, and city halls.
They got the judges in their back pocket.
And they own all the big media companies
so they control just about
all of the news and information you get to hear.
They got you by the balls.
They spend billions of dollars every year lobbying,
lobbying to get what they want.
Well, we know what they want.
They want more for themselves and less for everybody else.
But I'll tell you what they don't want.
They don't want a population
of citizens capable of critical thinking.
They don't want well-informed, well-educated people,
capable of critical thinking.
They're not interested in that.
That doesn't help them.
That's against their interest.
That's right.
They don't want people who are smart enough
to figure out how badly they're getting fucked
by a system that threw them overboard 30 fucking years ago.
They don't want that.
You know what they want?
They want obedient workers.
Obedient workers.
People who are just smart enough to run the machines and do the paperwork
and just dumb enough, to passively accept all these increasingly shittier jobs,
with the lower pay, the longer hours, the reduced benefits,
the end of overtime, and the vanishing pension
that disappears the minute you go to collect it.
And now, they're coming for your Social Security money.
They want your fucking retirement money.
They want it back,
so they can give it to their criminal friends on Wall Street.
And you know something, they'll get it.
They'll get it all from you, sooner or later,
because they own this fucking place.
It's a big club, and you ain't in it.
You and I are not in the big club.
”
”
George Carlin (Life Is Worth Losing)
“
In The Enemy Within, Bobby Kennedy asserted that after the trial, Joe Louis, who was out of work and deeply in debt at the time, was immediately given a well-paying job with a record company that got a $2 million Teamsters pension fund loan. Joe Louis then married the female black lawyer from California whom he had met at the trial. When Bobby Kennedy’s right-hand and chief investigator, the future author Walter Sheridan, tried to interview Joe Louis for the McClellan Committee about the record company job, the ex-champ refused to cooperate and said about Bobby Kennedy: “Tell him to go take a jump off the Empire State Building.” Still, Bobby Kennedy expected to have the last laugh by the end of 1957. Hoffa
”
”
Charles Brandt ("I Heard You Paint Houses", Updated Edition: Frank "The Irishman" Sheeran & Closing the Case on Jimmy Hoffa)
“
Even the welfare system was originally planned in the interest of the nation rather than of needy individuals. When Otto von Bismarck pioneered state pensions and social security in late nineteenth-century Germany, his chief aim was to ensure the loyalty of the citizens rather than to increase their well-being. You fought for your country when you were eighteen, and paid your taxes when you were forty, because you counted on the state to take care of you when you were seventy.30
”
”
Yuval Noah Harari (Sapiens and Homo Deus: The E-book Collection: A Brief History of Humankind and A Brief History of Tomorrow)
“
Grigorenko was deprived of his rank, his pension and his Party membership and confined for fifteen months, eight of them in psychushka where he was diagnosed as suffering from 'sluggish schizophrenia', a conceptual concoction of the Soviet psychiatrist Andrei V. Snezhnevsky, who has enlarged the definition of schizophrenia by including the mildest of neuroses. Snezhnevsky's neuroses manifested themselves in such symptoms as social withdrawal, confrontations with authorities, philosophical concerns and the desire to reform society.
”
”
George Bailey (Galileo's Children: Science, Sakharov, and the Power of the State)
“
Notably, Tennessee is known as a “Right to Work” state, which, despite having the ring of a guaranteed job, is a phrase that refers to laws that ensure workers are not required to pay union fees as a condition of their employment. The “Right to Work” movement was initiated in Southern states as a way of weakening union control and, in doing so, luring factory jobs from the Rust Belt. Studies have shown that workers in “Right to Work” states tend to have lower wages, inferior health insurance, and inferior pension programs when compared to workers in states that do not have “Right to Work” laws.75
”
”
Marc Lamont Hill (Nobody: Casualties of America's War on the Vulnerable, from Ferguson to Flint and Beyond)
“
these were good years for staying out of a job. Without asking too many impertinent questions, the State paid the rent and granted a weekly pension to artists, out-of-work actors, musicians, mystics, therapists and a network of citizens for whom smoking cannabis and talking about it was an engrossing profession, even a vocation.
”
”
Ian McEwan (Sweet Tooth)
“
Countries measured their success by the size of their territory, the increase in their population and the growth of their GDP – not by the happiness of their citizens. Industrialised nations such as Germany, France and Japan established gigantic systems of education, health and welfare, yet these systems were aimed to strengthen the nation rather than ensure individual well-being. Schools were founded to produce skilful and obedient citizens who would serve the nation loyally. At eighteen, youths needed to be not only patriotic but also literate, so that they could read the brigadier’s order of the day and draw up tomorrow’s battle plans. They had to know mathematics in order to calculate the shell’s trajectory or crack the enemy’s secret code. They needed a reasonable command of electrics, mechanics and medicine in order to operate wireless sets, drive tanks and take care of wounded comrades. When they left the army they were expected to serve the nation as clerks, teachers and engineers, building a modern economy and paying lots of taxes. The same went for the health system. At the end of the nineteenth century countries such as France, Germany and Japan began providing free health care for the masses. They financed vaccinations for infants, balanced diets for children and physical education for teenagers. They drained festering swamps, exterminated mosquitoes and built centralised sewage systems. The aim wasn’t to make people happy, but to make the nation stronger. The country needed sturdy soldiers and workers, healthy women who would give birth to more soldiers and workers, and bureaucrats who came to the office punctually at 8 a.m. instead of lying sick at home. Even the welfare system was originally planned in the interest of the nation rather than of needy individuals. When Otto von Bismarck pioneered state pensions and social security in late nineteenth-century Germany, his chief aim was to ensure the loyalty of the citizens rather than to increase their well-being. You fought for your country when you were eighteen, and paid your taxes when you were forty, because you counted on the state to take care of you when you were seventy.30 In 1776 the Founding Fathers of the United States established the right to the pursuit of happiness as one of three unalienable human rights, alongside the right to life and the right to liberty. It’s important to note, however, that the American Declaration of Independence guaranteed the right to the pursuit of happiness, not the right to happiness itself. Crucially, Thomas Jefferson did not make the state responsible for its citizens’ happiness. Rather, he sought only to limit the power of the state.
”
”
Yuval Noah Harari (Homo Deus: A History of Tomorrow)
“
At the time of the Frank Sheeran job interview by long-distance phone call, Jimmy Hoffa was coming off a period full of accomplishment and notoriety. In the mid- to late fifties Jimmy Hoffa had bulldogged and bluffed his way through the McClellan Committee hearings. He had become president of the International Brotherhood of Teamsters. And he had survived several criminal indictments. More significantly for his future and that of his rank and file, in 1955 Jimmy Hoffa had created a pension fund whereby management made regular contributions toward the retirement of their Teamsters employees. Before the creation of the Central States Pension Fund, many truckers merely had their Social Security to fall back on when they retired.
”
”
Charles Brandt ("I Heard You Paint Houses", Updated Edition: Frank "The Irishman" Sheeran & Closing the Case on Jimmy Hoffa)
“
Our long-postponed day of financial reckoning appears finally to be at hand, and it may well turn out to be something we should not wish away. When ordinary people are brought to understand that the state is unable to ensure their material well-being, children will again be perceived as long term assets: necessary replacements for the Social Security swindle and state-seized or inflation eroded private pension funds rather than obstacles to greater consumption. Amid the collapse of political finance, we may be able to regain a sense of the timeless purpose of labor and wealth. Our children may learn to find the satisfaction in the simple daily fact of family survival that we were unable to find in all our economic overreaching.
”
”
F. Roger Devlin (Sexual Utopia in Power: The Feminist Revolt Against Civilization)
“
As economic inequality grew, time horizons shrank, and fewer Americans believed that the future held a better version of the present. Lacking a functional state that assured basic social goods taken for granted elsewhere - education, pensions, health care, transport, parental leave, vacations - Americans could be overwhelmed by each day, and lose a sense of the future.
”
”
Timothy Snyder (The Road to Unfreedom: Russia, Europe, America)
“
Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the truth. The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government’s schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, social security steps in. If we need around-the-clock assistance, we can go to the market and hire a nurse – usually some stranger from the other side of the world who takes care of us with the kind of devotion that we no longer expect from our own children. If we have the means, we can spend our golden years at a senior citizens’ home. The tax authorities treat us as individuals, and do not expect us to pay the neighbours’ taxes. The courts, too, see us as individuals, and never punish us for the crimes of our cousins.
Not only adult men, but also women and children, are recognised as individuals. Throughout most of history, women were often seen as the property of family or community. Modern states, on the other hand, see women as individuals, enjoying economic and legal rights independently of their family and community. They may hold their own bank accounts, decide whom to marry, and even choose to divorce or live on their own.
But the liberation of the individual comes at a cost. Many of us now bewail the loss of strong families and communities and feel alienated and threatened by the power the impersonal state and market wield over our lives. States and markets composed of alienated individuals can intervene in the lives of their members much more easily than states and markets composed of strong families and communities. When neighbours in a high-rise apartment building cannot even agree on how much to pay their janitor, how can we expect them to resist the state?
The deal between states, markets and individuals is an uneasy one. The state and the market disagree about their mutual rights and obligations, and individuals complain that both demand too much and provide too little. In many cases individuals are exploited by markets, and states employ their armies, police forces and bureaucracies to persecute individuals instead of defending them. Yet it is amazing that this deal works at all – however imperfectly. For it breaches countless generations of human social arrangements. Millions of years of evolution have designed us to live and think as community members. Within a mere two centuries we have become alienated individuals. Nothing testifies better to the awesome power of culture.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
Under Khrushchev, Stalin-era laws restricting job mobility were abandoned, the official workday was shortened, minimum wages were established and a system of maternity leave introduced, along with a national pension scheme (extended to collective farmers after 1965). In short, the Soviet Union—and its more advanced satellite states—became embryonic welfare states, at least in form.
”
”
Tony Judt (Postwar: A History of Europe Since 1945)
“
Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the truth. The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government’s schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, national social services steps in.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
When states need to slash government spending on education, health care, or old age pensions, mothers, daughters, sisters, and wives must pick up the slack, diverting their energies to care for the young, the sick, and the elderly. Capitalism thrives on women’s unpaid labor in the home because women’s care work supports lower taxes. Lower taxes mean higher profits for those already at the top of the income ladder—mostly men.
”
”
Kristen R. Ghodsee (Why Women Have Better Sex Under Socialism: And Other Arguments for Economic Independence)
“
Kluger notes that these cases arguably amount to “personal injury claims in disguise,” and that the Supreme Court has ruled that federal cigarette-labeling laws are an effective shield against such claims. Logically, in other words, the states ought to be suing smokers, not cigarette makers. And perhaps smokers, in turn, ought to be suing Social Security and private pension funds for all the money they’ll save by dying early.
”
”
Jonathan Franzen (How to Be Alone: Essays)
“
Prisoners are ideal employees. They do not receive benefits or pensions. They earn under a dollar an hour. Some are forced to work for free. They are not paid overtime. They are forbidden to organize and strike. They must show up on time. They are not paid for sick days or granted vacations. They cannot alter working conditions or complain about safety hazards. If they are disobedient, or attempt to protest their pitiful wages and working conditions, they lose their jobs and are often segregated in isolation cells. The roughly one million prisoners who work for corporations and government industries in the American prison system are a blueprint for what the corporate state expects us all to become. And corporations have no intention of permitting prison reforms to reduce the size of their bonded workforce. In fact, they are seeking to replicate these conditions throughout the society.
”
”
Chris Hedges (America: The Farewell Tour)
“
Detroit is an extreme example of the fact that public-sector employment has become in effect a supplementary welfare state, with salaries and benefits – and, above all, pensions – entirely disconnected from legitimate municipal purposes. Unionized public-sector employees with a high degree of political discipline fortified by narrow financial self-interest become an unstoppable constituency, and the government becomes its own special-interest group.
”
”
Kevin D. Williamson (What Doomed Detroit (Encounter Broadsides Book 37))
“
Washington is an example of the citizen-politician who goes to the capital of his state or nation, serves a few terms, and returns to civilian life – just as the Founding Fathers practiced and intended. Sadly, this has been almost completely disregarded by the pervasive career politicians of later generations. The current practice of politicians is to gain elected government positions and then refuse to honor voluntary term limits, thus obtaining lifetime security and prestige, exemption from laws legislated on others, and inappropriate padding of personal income through gifts from lobbyists, self-initiated increases in benefits, and lifetime pensions. Their lifestyles would shock and embarrass a selfless man like George Washington, who served eight years as commander in chief, accepting only expense reimbursements as his compensation. (See the stories on Haym Salomon and Dave Roever similar examples). On
”
”
Douglas Feavel (Uncommon Character: Stories of Ordinary Men and Women Who Have Done the Extraordinary)
“
The state and the market approached people with an offer that could not be refused. ‘Become individuals,’ they said. ‘Marry whomever you desire, without asking permission from your parents. Take up whatever job suits you, even if community elders frown. Live wherever you wish, even if you cannot make it every week to the family dinner. You are no longer dependent on your family or your community. We, the state and the market, will take care of you instead. We will provide food, shelter, education, health, welfare and employment. We will provide pensions, insurance and protection.
”
”
Yuval Noah Harari (Sapiens and Homo Deus: The E-book Collection: A Brief History of Humankind and A Brief History of Tomorrow)
“
easy—He must be a Fool indeed who could find his vanity flattered by his skill in Politics—To appear always deeply concerned for the good of the State, yet to have no other end but Self-interest; to assemble and say Nothing; to pretend vast Secrecy where there is nothing to conceal; to shut yourself up in your Chamber, and mend your Pen or pick your Teeth, while your Footmen inform the attending Croud you are too busy to be approach’d—this, with the art of intercepting Letters, imitating Hands, pensioning Traitors, and rewarding Flatterers, is the whole mystery of Politics, or I am an Idiot.
”
”
Pierre-Augustin Caron de Beaumarchais (The Marriage of Figaro, Or the Follies Of A Day: A Comedy)
“
This is the apotheosis of capitalism, the divine sanction of the free market, of unhindered profit and the most rapacious cruelties of globalization. Corporations, rapidly turning America into an oligarchy, have little interest in Christian ethics, or anybody’s ethics. They know what they have to do, as the titans of the industry remind us, for their stockholders. They are content to increase profit at the expense of those who demand fair wages, health benefits, safe working conditions and pensions. This new oligarchic class is creating a global marketplace where all workers, to compete, will have to become like workers in dictatorships such as China: denied rights, their wages dictated to them by the state, and forbidden from organizing or striking. America once attempted to pull workers abroad up to American levels, to foster the building of foreign labor unions, to challenge the abuse of workers in factories that flood the American market with cheap goods. But this new class seeks to reduce the American working class to the levels of this global serfdom. After all, anything that drains corporate coffers is a loss of freedom—the God-given American freedom to exploit other human beings to make money. The marriage of this gospel of prosperity with raw, global capitalism, and the flaunting of the wealth and privilege it brings, are supposedly blessed and championed by Jesus Christ. Compassion is relegated to private, individual acts of charity or left to churches. The callousness of the ideology, the notion that it in any way reflects the message of the gospels, which were preoccupied with the poor and the outcasts, illustrates how the new class has twisted Christian scripture to serve America’s god of capitalism and discredited the Enlightenment values we once prized. The
”
”
Chris Hedges (American Fascists: The Christian Right and the War On America)
“
The multinational is in the position of the bank robber in the old West; all he has to do is ride straight and hard to be safe, because the posse can’t cross the border. We have taken over the roles that nations recently held; we wage war, collect taxes through debt service, protect our areas of property and the worker/citizens within those areas, and we distribute power as we see fit.”
Think of it this way. I am the baron. Templar international and Margrave Corporation and Avalon State Bank and so on are the castles I have built in different parts of my territory, for defense and expansion. The subsidiary companies we’ve bought or merged with owe their allegiance not to America but to Margrave. We reward loyalty and punish disloyalty. When necessary, we can protect our most important people from the laws of the state, just as the earlier barons could protect their most important vassal knights from the laws of the Catholic Church. The work force is tied to us by profit-sharing and pension plans. I don’t expect national governments to disappear, any more than the British or Dutch royal families have disappeared, but they will become increasingly irrelevant pageants. More and more, actors will play the parts of politicians and statesmen, while the real work goes on elsewhere.
”
”
Donald E. Westlake (Good Behavior (Dortmunder, #6))
“
I do not see, however, why a democratic state, armed with a legislature and the power to draw up a budget, cannot strive for a certain fairness in, for example, pension policies or tax policies, or support to the unemployed, or salaries to public employees, or assistance to the elderly living alone, people who have health problems, or those who, for various reasons, find themselves at the bottom of society. Every civilized state attempts, in different ways and with different degrees of success, to come up with reasonable policies in these areas, and not even the most ardent supporters of the market economy have anything against it in principle. In the end, then, it is a conflict not of beliefs, but rather of terminology.
”
”
Václav Havel (Summer Meditations)
“
Greece’s economic problems weren’t new. For decades, the country had been plagued by low productivity, a bloated and inefficient public sector, massive tax avoidance, and unsustainable pension obligations. Despite that, throughout the 2000s, international capital markets had been happy to finance Greece’s steadily escalating deficits, much the same way that they’d been happy to finance a heap of subprime mortgages across the United States. In the wake of the Wall Street crisis, the mood grew less generous. When a new Greek government announced that its latest budget deficit far exceeded previous estimates, European bank stocks plunged and international lenders balked at lending Greece more money. The country suddenly teetered on the brink of default.
”
”
Barack Obama (A Promised Land)
“
America was at the crossroads between its slaveholding past and the possibility of a truly inclusive, vibrant democracy. The four-year war, played out on battlefield after battlefield on an unimaginable scale, had left the United States reeling. Beyond the enormous loss of life to contend with, more than one million disabled ex-soldiers were adrift, not to mention the widows seeking support from a rickety and virtually nonexistent veterans’ pension system.6 The mangled sinews of commerce only added to the despair, with railroad tracks torn apart; fields fallow, hardened, and barren; and bridges that had once defied the physics of uncrossable rivers now destroyed. And then this: Millions of black people who had been treated as no more than mere property were now demanding their full rights of citizenship. To face these challenges and make
”
”
Carol Anderson (White Rage: The Unspoken Truth of Our Racial Divide)
“
Student indebtedness expemplifies neoliberalismś strategy since the 1970s: the substitution of social rights (the right to education, health care, retirement, etc.) for access to credit, in other words, for the right to contract debt. No more pooling of pensions, instead individual investment in pension funds; no pay rises, instead consumer credit; no universal insurance, individual insurance; no right to housing, home loans. The individualization process established through social policies has brought about radical changes in the welfare state. Education spending, left entirely to students, frees up resources which the state quickly transfers to corporations and the wealthiest households, notably through lower taxes. The true welfare recipients are no longer the poor, the unemployed, the sick, unmarried women, and so on, but corporations and rich.
”
”
Maurizio Lazzarato (Governing by Debt)
“
Over time, states and markets used their growing power to weaken the traditional bonds of family and community. The state sent its policemen to stop family vendettas and replace them with court decisions. The market sent its hawkers to wipe out longstanding local traditions and replace them with ever-changing commercial fashions. Yet this was not enough. In order really to break the power of family and community, they needed the help of a fifth column. The state and the market approached people with an offer that could not be refused. ‘Become individuals,’ they said. ‘Marry whomever you desire, without asking permission from your parents. Take up whatever job suits you, even if community elders frown. Live wherever you wish, even if you cannot make it every week to the family dinner. You are no longer dependent on your family or your community. We, the state and the market, will take care of you instead. We will provide food, shelter, education, health, welfare and employment. We will provide pensions, insurance and protection.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government’s schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, national social services steps in. If we need around-the-clock assistance, we can go to the market and hire a nurse – usually some stranger from the other side of the world who takes care of us with the kind of devotion that we no longer expect from our own children. If we have the means, we can spend our golden years at a senior citizens’ home. The tax authorities treat us as individuals, and do not expect us to pay the neighbours’ taxes. The courts, too, see us as individuals, and never punish us for the crimes of our cousins.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the truth. The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government’s schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, national social services steps in. If we need around-the-clock assistance, we can go to the market and hire a nurse – usually some stranger from the other side of the world who takes care of us with the kind of devotion that we no longer expect from our own children. If we have the means, we can spend our golden years at a senior citizens’ home. The tax authorities treat us as individuals, and do not expect us to pay the neighbours’ taxes. The courts, too, see us as individuals, and never punish us for the crimes of our cousins.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the truth. The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government’s schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, national social services steps in. If we need around-the-clock assistance, we can go to the market and hire a nurse – usually some stranger from the other side of the world who takes care of us with the kind of devotion that we no longer expect from our own children. If we have the means, we can spend our golden years at a senior citizens’ home. The tax authorities treat us as individuals, and do not expect us to pay the neighbours’ taxes. The courts, too, see us as individuals, and never punish us for the crimes of our cousins. Not
”
”
Yuval Noah Harari (Sapiens and Homo Deus: The E-book Collection: A Brief History of Humankind and A Brief History of Tomorrow)
“
Give us an idea of…” Noya Baram rubs her temples. “Oh, well.” Augie begins to stroll around again. “The examples are limitless. Small examples: elevators stop working. Grocery-store scanners. Train and bus passes. Televisions. Phones. Radios. Traffic lights. Credit-card scanners. Home alarm systems. Laptop computers will lose all their software, all files, everything erased. Your computer will be nothing but a keyboard and a blank screen. “Electricity would be severely compromised. Which means refrigerators. In some cases, heat. Water—well, we have already seen the effect on water-purification plants. Clean water in America will quickly become a scarcity. “That means health problems on a massive scale. Who will care for the sick? Hospitals? Will they have the necessary resources to treat you? Surgical operations these days are highly computerized. And they will not have access to any of your prior medical records online. “For that matter, will they treat you at all? Do you have health insurance? Says who? A card in your pocket? They won’t be able to look you up and confirm it. Nor will they be able to seek reimbursement from the insurer. And even if they could get in contact with the insurance company, the insurance company won’t know whether you’re its customer. Does it have handwritten lists of its policyholders? No. It’s all on computers. Computers that have been erased. Will the hospitals work for free? “No websites, of course. No e-commerce. Conveyor belts. Sophisticated machinery inside manufacturing plants. Payroll records. “Planes will be grounded. Even trains may not operate in most places. Cars, at least any built since, oh, 2010 or so, will be affected. “Legal records. Welfare records. Law enforcement databases. The ability of local police to identify criminals, to coordinate with other states and the federal government through databases—no more. “Bank records. You think you have ten thousand dollars in your savings account? Fifty thousand dollars in a retirement account? You think you have a pension that allows you to receive a fixed payment every month?” He shakes his head. “Not if computer files and their backups are erased. Do banks have a large wad of cash, wrapped in a rubber band with your name on it, sitting in a vault somewhere? Of course not. It’s all data.” “Mother of God,” says Chancellor Richter, wiping his face with a handkerchief.
”
”
Bill Clinton (The President Is Missing)
“
the politics of inevitability, a sense that the future is just more of the present, that the laws of progress are known, that there are no alternatives, and therefore nothing really to be done. In the American capitalist version of this story, nature brought the market, which brought democracy, which brought happiness. In the European version, history brought the nation, which learned from war that peace was good, and hence chose integration and prosperity. Before the collapse of the Soviet Union in 1991, communism had its own politics of inevitability: nature permits technology; technology brings social change; social change causes revolution; revolution enacts utopia. When this turned out not to be true, the European and American politicians of inevitability were triumphant. Europeans busied themselves completing the creation of the European Union in 1992. Americans reasoned that the failure of the communist story confirmed the truth of the capitalist one. Americans and Europeans kept telling themselves their tales of inevitability for a quarter century after the end of communism, and so raised a millennial generation without history. The American politics of inevitability, like all such stories, resisted facts. The fates of Russia, Ukraine, and Belarus after 1991 showed well enough that the fall of one system did not create a blank slate on which nature generated markets and markets generated rights. Iraq in 2003 might have confirmed this lesson, had the initiators of America’s illegal war reflected upon its disastrous consequences. The financial crisis of 2008 and the deregulation of campaign contributions in the United States in 2010 magnified the influence of the wealthy and reduced that of voters. As economic inequality grew, time horizons shrank, and fewer Americans believed that the future held a better version of the present. Lacking a functional state that assured basic social goods taken for granted elsewhere—education, pensions, health care, transport, parental leave, vacations—Americans could be overwhelmed by each day, and lose a sense of the future. The collapse of the politics of inevitability ushers in another experience of time: the politics of eternity. Whereas inevitability promises a better future for everyone, eternity places one nation at the center of a cyclical story of victimhood. Time is no longer a line into the future, but a circle that endlessly returns the same threats from the past. Within inevitability, no one is responsible because we all know that the details will sort themselves out for the better; within eternity, no one is responsible because we all know that the enemy is coming no matter what we do. Eternity politicians spread the conviction that government cannot aid society as a whole, but can only guard against threats. Progress gives way to doom.
”
”
Timothy Snyder (The Road to Unfreedom: Russia, Europe, America)
“
Speech in the Sportpalast Berlin, January 30, 1942
They say, “you sail on your KdF ships; we cannot allow them to land here; that would corrupt our laborers.” Now, why would that corrupt their laborers? I cannot see why. The German laborer has worked more than ever before; why should he not have a rest? Is it not a joke when today the man in the White House says, “we have a program for the world, and this program for the world will give man freedom and the right to work.” Mr. Roosevelt-open your eyes! We have already done this in Germany a long time ago. Or when he says that the sick ought to be taken care of. Please leave the garden of our party program-this is National Socialist teaching and not yours, Sir! This is heresy for a democrat.
Or when he says, “we want laborers to have a vacation.” It is a little late to want this, since we have already put this into practice. And we would be much further along now if Mr. Roosevelt had not interfered. Or when he says, “we want to increase prosperity for the masses of laborers, too.” All these things are in our program! He might have seen them through, if he had not started the war. After all, we did all this before the war. No, these capitalist hyenas do not have the slightest intention of doing this. They see us as a suspicious example.
And now, in order to lure their own people, they have to get in on our party program and fish out a few sentences, these poor bunglers. And even that they do imperfectly.
We had a world unanimously against us here. Of course, not only on the right, but also on the left. Those on the left feared: “What are we going to do, if this experiment succeeds and he actually makes it and eliminates the housing problem? What if he manages to introduce an educational system based on which a talented boy, no matter who his parents are, can attain God knows what position? And, he is capable of doing it, he is already making a Reich protector out of a former farmhand. What if he really introduces an old-age pension scheme covering the whole Volk? What if he truly secures a right to vacations for the whole Volk, since he is already building ships? And he is bringing all this up to an ordered and secured standard of living. What are we going to do? We live by the absence of this. We live by this and, therefore, we must fight National Socialism.” What the others have accomplished-that, our comrades were best able to see in Russia. We have been in power for nine years now. Bolshevism has been there since 1917, that is, almost twenty-five years. Everyone can judge for himself by comparing this Russia with Germany. The things we did in these nine years. What does the German Volk look like, and what have they accomplished over there? I do not even want to mention the capitalist states.
They do not take care of their unemployed, because no American millionaire will ever come into the area where they live, and no unemployed man will ever go to the area where the millionaires live. While hunger marches to Washington and to the White House are organized, they are usually dispersed en route by the police by means of rubber truncheons and tear gas. Such things do not exist in authoritarian Germany. We deal with such problems without such things-rubber truncheons and tear gas.
”
”
Adolf Hitler (Collection of Speeches: 1922-1945)
“
The Seventh Central Pay Commission was appointed in February 2014 by the Government of India (Ministry of Finance) under the Chairmanship of Justice Ashok Kumar Mathur. The Commission has been given 18 months to make its recommendations. The terms of reference of the Commission are as follows: 1. To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances and other facilities/benefits, in cash or kind, having regard to rationalisation and simplification therein as well as the specialised needs of various departments, agencies and services, in respect of the following categories of employees:- (i) Central Government employees—industrial and non-industrial; (ii) Personnel belonging to the All India Services; (iii) Personnel of the Union Territories; (iv) Officers and employees of the Indian Audit and Accounts Department; (v) Members of the regulatory bodies (excluding the RBI) set up under the Acts of Parliament; and (vi) Officers and employees of the Supreme Court. 2. To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure, concessions and facilities/benefits, in cash or kind, as well as the retirement benefits of the personnel belonging to the Defence Forces, having regard to the historical and traditional parties, with due emphasis on the aspects unique to these personnel. 3. To work out the framework for an emoluments structure linked with the need to attract the most suitable talent to government service, promote efficiency, accountability and responsibility in the work culture, and foster excellence in the public governance system to respond to the complex challenges of modern administration and the rapid political, social, economic and technological changes, with due regard to expectations of stakeholders, and to recommend appropriate training and capacity building through a competency based framework. 4. To examine the existing schemes of payment of bonus, keeping in view, inter-alia, its bearing upon performance and productivity and make recommendations on the general principles, financial parameters and conditions for an appropriate incentive scheme to reward excellence in productivity, performance and integrity. 5. To review the variety of existing allowances presently available to employees in addition to pay and suggest their rationalisation and simplification with a view to ensuring that the pay structure is so designed as to take these into account. 6. To examine the principles which should govern the structure of pension and other retirement benefits, including revision of pension in the case of employees who have retired prior to the date of effect of these recommendations, keeping in view that retirement benefits of all Central Government employees appointed on and after 01.01.2004 are covered by the New Pension Scheme (NPS). 7. To make recommendations on the above, keeping in view: (i) the economic conditions in the country and the need for fiscal prudence; (ii) the need to ensure that adequate resources are available for developmental expenditures and welfare measures; (iii) the likely impact of the recommendations on the finances of the state governments, which usually adopt the recommendations with some modifications; (iv) the prevailing emolument structure and retirement benefits available to employees of Central Public Sector Undertakings; and (v) the best global practices and their adaptability and relevance in Indian conditions. 8. To recommend the date of effect of its recommendations on all the above.
”
”
M. Laxmikanth (Governance in India)
“
Even at their height, the Scandinavian welfare states left the economy to the private sector—which was then taxed at very high rates to pay for social, cultural and other services. What Swedes, Finns, Danes and Norwegians offered themselves was not collective ownership but the guarantee of collective protection. With the exception of Finland, Scandinavians all had private pension schemes—something that would have seemed very odd to the English or even most Americans in those days. But they looked to the state for almost everything else, and freely accepted the heavy hand of moral intrusion that this entailed.
”
”
Tony Judt (Ill Fares The Land: A Treatise On Our Present Discontents)
“
A company failing under the weight of its corporate pension can simply declare bankruptcy and then throw off those obligations in bankruptcy. The provider of a public pension is often a city or state government, which makes the bankruptcy option either untenable or disastrous.
”
”
Jonathan Stanford Yu (From Zero to Sixty on Hedge Funds and Private Equity 2.0: What They Do, How They Do It, and Why They Do The Mysterious Things They Do)
“
There is rightful objection to the denial of appropriate investigations and to the nationwide implementation of behavioural modification as the sole management strategy for the nosological disorder ME/CFS. That strategy is believed to be based on (i) the commercial interests of the medical and permanent health insurance industry for which many members of the Wessely School work and (ii) the dissemination of misinformation about ME/CFS by the Wessely School, whose members also act as advisors to UK Government agencies including the DWP, which it is understood has specifically targeted “CFS/ME” as a disorder for which certain State benefits should not be available.
”
”
Malcolm Hooper
“
The Economist has produced a more sophisticated set of ‘back-of-the-envelope’ estimates in an interactive basic income calculator for all OECD countries.4 This purports to show how much could be paid as a basic income by switching spending on non-health transfers, leaving tax revenues and other public spending unchanged. Interestingly, even on this very restrictive basis, a cluster of seven west European countries could already pay over $10,000 per person per year. The United States could pay $6,300 and Britain $5,800. Obviously, for most countries, the level of basic income that could be financed from this tax-neutral welfare-switching exercise would be modest – though, especially for bottom-ranked countries such as South Korea ($2,200) or Mexico (only $900), this largely reflects their current low tax take and welfare spending. The Economist’s interactive calculator also aims to calculate what tax rises would be needed to pay a basic income of a given amount. For the UK, the calculator estimates that the cost of a basic income of one-third average GDP per head would require a 15 percentage point rise in tax take. Its calculations can again be questioned in their own terms. However, all these back-of-the-envelope exercises are flawed in more fundamental ways. First, they do not allow for clawing the basic income back in tax from higher-income earners, which could be done with no net cost to the affluent or to the Exchequer, simply by tweaking tax rates and allowances so that the extra tax take equals the basic income paid. Second, they do not take account of administrative savings from removal of means testing and behaviour conditions. Administration accounted for £8 billion of the £172 billion 2013–14 budget of the UK’s Department of Work and Pensions, much of which will have gone to pay staff in local job centres to monitor and sanction benefit recipients. This does not include hundreds of millions of pounds paid to private contractors to carry out so-called ‘work assessment’ tests on people with disabilities, which have led to denial of benefits to some of society’s most vulnerable people. Third, they compare the cost of a basic income with the existing welfare budget and assume that all other areas of public spending remain intact. Yet governments can always choose to realign spending priorities. The UK government could save billions by scrapping the plan to replace the Trident nuclear missile system, now estimated to cost more than £200 billion over its lifetime. It could save further billions by ending subsidies that go predominantly to corporations and the affluent.
”
”
Guy Standing (Basic Income: And How We Can Make It Happen)
“
in an act of ironic magnanimity that he was to repeat in 1944 after the failed Bomb Plot, Hitler ordered state pensions provided for the next-of-kin of the people murdered in the Night of the Long Knives, as June 30, 1934 came to be known.
”
”
David Irving (The War Path)
“
Against Europe, the margin is slimmer than many Americans believe. The Eurozone has been growing at an impressive clip, about the same pace per capita as the United States since 2000. It takes in half the world’s foreign investment, boasts labor productivity often as strong as that of the United States, and posted a $30 billion trade surplus in 2009. In the WEF Competitiveness Index, European countries occupy six of the top ten slots. Europe has its problems—high unemployment, rigid labor markets—but it also has advantages, including more efficient health care and pension systems. All in all, Europe presents the most significant short-term challenge to the United States in the economic realm.
”
”
Fareed Zakaria (The Post-American World)
“
Young people’s incomes are depressed, while the state makes every effort to support elderly pensions.
”
”
Jean-Michel Paul (The Economics of Discontent: From Failing Elites to The Rise of Populism)
“
Both of us shook with rage at the sad fact that my signatures were guaranteeing more than 50 billion euros of private bank debt while our state could not rub together a few hundred million euros to pay for our public hospitals, our schools or Greece’s old-age pensioners.
”
”
Yanis Varoufakis (And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future)
“
Sunny Skies Shady Characters: Cops, Killers, and Corruption in the Aloha State,
”
”
Robert T. Kiyosaki (Who Stole My Pension?: How You Can Stop the Looting)
“
Overall, the success of a Treasury auction depends on investor demand. Institutional investors such as insurance companies, foreign central banks, hedge funds, money funds, states, municipalities, Savings and Loans, credit unions, pension funds, and small local banks are all major participants. Depending on who buys a certain Treasury determines how much supply is available in the Repo market. For example, if a large amount of the auction is purchased by securities dealers and hedge funds, there’s plenty of supply around the Repo market. Dealers and hedge funds are leveraged players who loan their securities into the Repo market to finance their purchases. That keeps those securities readily available in the market. If, on the other hand, a large amount is purchased by end-user portfolios, such as investors who are more retail and less sophisticated, then there’s less supply available in the Repo market.
”
”
Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
“
NSO works with the Israeli state to further its foreign policy goals, and is used as an alluring carrot to attract potential new friends. Since its inception, NSO has been funded by a range of global players, including London-based equity firm Novalpina Capital. One of the biggest investors in Novalpina, to the tune of US$233 million in 2017, before NSO was on the company’s books, was the Oregon state employees’ pension fund.3 In 2019 pension money for the British gas provider Centrica was also invested in Novalpina.
”
”
Antony Loewenstein (The Palestine Laboratory: How Israel Exports the Technology of Occupation Around the World)
“
The welfare state and the managed economy did not suddenly emerge full-blown in this period. The preceding decades had not witnessed governments unresponsive to electoral expectations and the nation’s problems. The Liberal government before the First World War had made the first tentative steps in the introduction of old-age pensions (1908) and national health and unemployment insurance (1911). The interwar years had seen the introduction of a number of significant
”
”
Philip Norton (British Polity, The, CourseSmart eTextbook)
“
Thatcher did attract endless tabloid speculation toward the end of her career about her ability to appear younger as she grew older. So it was either the electric baths or the natural vigor generated by crushing a welfare state and destroying worker pensions.
”
”
Lydia Kang (Quackery: A Brief History of the Worst Ways to Cure Everything)
“
The Modus Operandi of THE REGULUS CONCLAVE as spelled out in 1853!
“We hold such and such opinions upon one point only; and that one point is, mutual interest, and under that; 1st, that we can govern this nation; 2d, that to govern it, we must, subvert its institutions; and, 3d, subvert them we will! It is our interest; this is our only bond. Capital must have expansion. This hybrid republicanism saps the power of our great agent by its obstinate competition. We must demoralize the republic. We must make public virtue a by-word and a mockery, and private infamy to be honor. Beginning with the people, through our agents, we shall corrupt the State.
“We must pamper superstition, and pension energetic fanaticism—as on ’Change we degrade commercial honor, and make success the idol. We may fairly and reasonably calculate, that within a succeeding generation, even our theoretical schemes of republican subversion may be accomplished, and upon its ruins be erected that noble Oligarchy of caste and wealth for which we all conspire, as affording the only true protection to capital.
“Beside these general views, we may in a thousand other ways apply our combined capital to immediate advantage. We may buy up, through our agents, claims upon litigated estates, upon confiscated bonds, mortgages upon embarrassed property, land-claims, Government contracts, that have fallen into weak hands, and all those floating operations, constantly within hail, in which ready-money is eagerly grasped as the equivalent for enormous prospective gains.
“In addition, through our monopoly of the manufacturing interest, by a rigorous and impartial system of discipline, we shall soon be able to fill the masses of operators and producers with such distrust of each other, and fear of us, as to disintegrate their radical combinations, and bring them to our feet. Governing on ’Change, we rule in politics; governing in politics, we are the despots in trade; ruling in trade, we subjugate production; production conquered, we domineer over labor. This is the common-sense view of our interests—of the interests of capital, which we represent. In the promotion of this object, we appoint and pension our secret agents, who are everywhere on the lookout for our interests. We arrange correspondence, in cipher, throughout the civilized world; we pension our editors and our reporters; we bribe our legislators, and, last of all, we establish and pay our secret police, local, and travelling, whose business it is, not alone to report to us the conduct of agents already employed, but to find and report to us others, who may be useful in such capacity.
“We punish treachery by death!”
(from YIEGER'S CABINET or SPIRITUAL VAMPIRISM, published 1853)
”
”
Charles Wilkins Webber
“
The retirement age for Greek jobs classified as “arduous” is as early as fifty-five for men and fifty for women. As this is also the moment when the state begins to shovel out generous pensions, more than six hundred Greek professions somehow managed to get themselves classified as arduous: hairdressers, radio announcers, waiters, musicians, and on and on and on.
”
”
Michael Lewis (Boomerang: Travels in the New Third World)
“
The top 1 percent of all U.S. households
owns 38.3 percent of all stocks. The top 10 percent owns roughly 81 percent. The
bottom 90 percent owns just over 18 percent of the stocks held by households
in the United States (Table 11.5). Fully 50 percent of U.S. households own no
stocks. Even among those who do hold stocks, most own them through pension and retirement funds, where they are not accessible for general use.
”
”
Kenneth J. Guest (Cultural Anthropology: A Toolkit for a Global Age)
“
To fit into the Golden Straitjacket a country must either adopt, or be seen as moving toward, the following golden rules: making the private sector the primary engine of its economic growth, maintaining a low rate of inflation and price stability, shrinking the size of its state bureaucracy, maintaining as close to a balanced budget as possible, if not a surplus, eliminating and lowering tariffs on imported goods, removing restrictions on foreign investment, getting rid of quotas and domestic monopolies, increasing exports, privatizing state-owned industries and utilities, deregulating capital markets, making its currency convertible, opening its industries, stock and bond markets to direct foreign ownership and investment, deregulating its economy to promote as much domestic competition as possible, eliminating government corruption, subsidies and kickbacks as much as possible, opening its banking and telecommunications systems to private ownership and competition and allowing its citizens to choose from an array of competing pension options and foreign-run pension and mutual funds. When you stitch all of these pieces together you have the Golden Straitjacket. . . . As your country puts on the Golden Straitjacket, two things tend to happen: your economy grows and your politics shrinks. That is, on the economic front the Golden Straitjacket usually fosters more growth and higher average incomes—through more trade, foreign investment, privatization and more efficient use of resources under the pressure of global competition. But on the political front, the Golden Straitjacket narrows the political and economic policy choices of those in power to relatively tight parameters. . . . Governments—be they led by Democrats or Republicans, Conservatives or Labourites, Gaullists or Socialists, Christian Democrats or Social Democrats—that deviate too far from the core rules will see their investors stampede away, interest rates rise and stock market valuations fall.36
”
”
Moisés Naím (The End of Power: From Boardrooms to Battlefields and Churches to States, Why Being In Charge Isn't What It Used to Be)
“
By 2014, Reed had calculated, a city of a million people, the tenth largest city in the United States, would be serviced by 1,600 public workers. “There is no way to run a city with that level of staffing,” he said. “You start to ask: What is a city? Why do we bother to live together? But that’s just the start.” The problem was going to grow worse until, as he put it, “you get to one.” A single employee to service the entire city, presumably with a focus on paying pensions. “I don’t know how far out you have to go until you get to one,” said Reed, “but it isn’t all that far.” At that point, if not before, the city would be nothing more than a vehicle to pay the retirement costs of its former workers. The only clear solution was if former city workers up and died, soon. But former city workers were, blessedly, living longer than ever. This
”
”
Michael Lewis (Boomerang: Travels in the New Third World)
“
ALEC is a reason states have cut taxes on income and on corporations; reduced unemployment insurance; shored up private property rights; instituted medical savings accounts; reformed public pension plans; cracked down on trial lawyers; and enacted sunshine laws. Few Americans have heard of ALEC. But there’s a case to be made that no one policy organization has touched the daily lives of more Americans.
”
”
Kimberley Strassel (The Intimidation Game: How the Left Is Silencing Free Speech)
“
The key concept is efficiency. The primary function of the Canadian welfare state is not to redistribute wealth— it does almost none of that. Government is involved in the economy because, in many cases, the state is able to deliver goods and services more efficiently than the market. From highways and pest control to health insurance and pensions, government is able to get the job done better. Thus the welfare state, far from being an unstable compromise between capitalism and socialism, is a perfectly logical arrangement—one that is designed to promote the overall efficiency of our economy.
”
”
Joseph Heath (The Efficient Society: Why Canada Is As Close To Utopia As It Gets)
“
some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the social constituency with an interest in positive real returns on bonds has grown. In the developed world a rising share of wealth is held in the form of private pension funds and other savings institutions that are required, or at least expected, to hold a high proportion of their assets in the form of government bonds and other fixed income securities. In 2007 a survey of pension funds in eleven major economies revealed that bonds accounted for more than a quarter of their assets, substantially lower than in past decades, but still a substantial share.71 With every passing year, the proportion of the population living off the income from such funds goes up, as the share of retirees increases.
”
”
Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
“
only increased the debt, as governments rightly have borrowed. By March 2012 there were some $43 trillion of government bonds in issue,8 compared with only $11 trillion at the end of 2001. That is only a fraction of Western governments’ true liabilities, once you factor in pensions and health care. The numbers for many cities are even worse: San Bernardino in California and Detroit in Michigan both filed for bankruptcy because of these off-balance sheet obligations. And who will pay for all this? In “old Europe,” for instance, the working-age population peaked in 2012 at 308 million—and is set to decline to 265 million by 2060. These will have to support ever more old people: The old-age dependency ratio (the number of over-sixty-fives as a proportion of the number of
”
”
John Micklethwait (The Fourth Revolution: The Global Race to Reinvent the State)
“
The cost of defense, meanwhile, goes up and up and up, with little political resistance and barely any public discussion. By the fullest accounting, which is different from usual budget figures, the United States will spend more than $1 trillion on national security this year. That includes about $580 billion for the Pentagon’s baseline budget plus “overseas contingency” funds, $20 billion in the Department of Energy budget for nuclear weapons, nearly $200 billion for military pensions and Department of Veterans Affairs costs, and other expenses. But it doesn’t count more than $80 billion a year of interest on the military-related share of the national debt. After adjustments for inflation, the United States will spend about 50 percent more on the military this year than its average through the Cold War and Vietnam War. It will spend about as much as the next 10 nations combined—three to five times as much as China, depending on how you count, and seven to nine times as much as Russia. The world as a whole spends about 2 percent of its total income on its militaries; the United States, about 4 percent.
”
”
Anonymous
“
The law isn’t that simple, and the practical damage will be great. State pensions are underfunded by $111 billion—a 500% increase from 1995 and up 75% in the past five years. About one in four state tax dollars already finances pensions, which is more than Illinois spends on education. Yet the court accuses politicians of shortchanging pensions. Politicians are to blame for the state’s fiscal woes, but mainly because they colluded with unions to promise unsustainable benefits in return for political support. Less than 40% of the increase in the state’s unfunded liability since 1995 is due to inadequate payments. The rest is due mainly to benefit growth and faulty actuarial assumptions such as investment rate of return. The 2013 reforms at issue capped salaries of
”
”
Anonymous
“
Talking Dog One day, while driving in the country, a man noticed a sign that said “Talking Dog for Sale.” The sign pointed to a farm house off the road just a bit. The man’s interest was piqued so he pulled off the road and headed up to the farm house. When he got there and inquired about the talking dog, the farmer told him the talking dog was around the back of the farm house. The farmer said the man was welcome to go in back and talk with the dog. The man was in a serious state of disbelief, because he knew dogs couldn’t talk. Still he was very curious so he headed around to the backyard. In the backyard the man noticed a poodle that quickly came up to him. The man thought to himself, “Hmmm poodles are supposed to be smart dogs.” “Can you really talk?” the man asked the poodle. “I sure can,” replied back the poodle. “Wow,” exclaimed the man. Wanting to hear more he asked, “So what’s your story?” “I discovered I could talk when I was very young,” said the poodle. “I knew I had a real gift so I thought I should do something about it. I joined the CIA and became one of their very best spies. I was sent on many secret missions. I traveled all around the world and was involved in many interesting and intriguing cases. I even helped save the life of the President on two occasions. After eight years I got tired of all the jetting around and decided to retire. I was given several awards for all my achievements and a gala dinner, attended by many important people, was held in my honor. I was given a full government pension and brought to this farm to enjoy the rest of my life.” After hearing all this, the man was astounded. He quickly went back to the farmer and said, “I want that dog! I will buy it at any price. How much do you want for that dog?” “Ten dollars,” was the farmer’s reply. “Ten dollars?” the man said in disbelief. “That dog is amazing, why on earth would you sell it for so little?” “Because he’s a big liar; he didn’t do any of those things!
”
”
Peter Jenkins (Funny Jokes for Adults: All Clean Jokes, Funny Jokes that are Perfect to Share with Family and Friends, Great for Any Occasion)
“
That's one of the reasons why, say, Canada, a very similar country, has a health care system and we don't. In Canada, the unions struggled for health care for the country. In the United States, they struggled for health care for themselves. So if you're an autoworker here in the United States, you had a pretty god health care and pension system. Union workers won health care for themselves in a compact with the corporations. They thought it was a deal. What they couldn't see was that it's a suicide pact. If the corporation decides the compact is over, then it's over. Meanwhile, the rest of the country didn't get health care. So now the United States has a completely dysfunctional health care system, while Canada has one that more or less works. That's a relation of different cultural values and institutional structures in two very similar countries. So yes, the working class did continue to develop and grow here, but with class collaboration, that is, in a compact with the corporations.
”
”
Noam Chomsky (Power Systems: Conversations on Global Democratic Uprisings and the New Challenges to U.S. Empire (American Empire Project))
“
Last year’s Boeing contract in Washington State saw members of the International Association of Machinists vote down a contract that would transfer their pensions to a 401k plan and increase their healthcare costs with minimal raises over eight years. “Because of the massive takeaways,” Local 751 President Thomas Wroblewski told his members, “the union is adamantly recommending members reject this offer.” After the members voted down the contract by 67 percent, Washington State found $8.5 billion in tax breaks for the company and International President Thomas Buffenbarger stepped in to carry this corporate sweetheart deal through the last mile. With Boeing threatening to move the assembly of the new 777X passenger jet to another state, the International demanded a re-vote and the intimidated membership agreed to the same deal they previously rejected. The collusion of a multinational corporation and the state in transferring billions of dollars of wealth from working-class people into the hands of the rich could hardly have been possible in this case without the assistance of the International leadership. Boeing workers got to keep their jobs—but the fight that they may have been prepared to have with their employer was swiftly shut down.
”
”
Anonymous
“
He was getting old and paunchy and his hair was falling fast,
And he sat around the Legion, telling stories of the past.
Of a war that he had fought in and the deeds that he had done,
In his exploits with his buddies; they were heroes, every one.
And tho' sometimes, to his neighbors, his tales became a joke,
All his Legion buddies listened, for they knew whereof he spoke.
But we'll hear his tales no longer for old Bill has passed away,
And the world's a little poorer, for a soldier died today.
He will not be mourned by many, just his children and his wife,
For he lived an ordinary and quite uneventful life.
Held a job and raised a family, quietly going his own way,
And the world won't note his passing, though a soldier died today.
When politicians leave this earth, their bodies lie in state,
While thousands note their passing and proclaim that they were great.
Papers tell their whole life stories, from the time that they were young,
But the passing of a soldier goes unnoticed and unsung.
Is the greatest contribution to the welfare of our land
A guy who breaks his promises and cons his fellow man?
Or the ordinary fellow who, in times of war and strife,
Goes off to serve his Country and offers up his life?
A politician's stipend and the style in which he lives
Are sometimes disproportionate to the service that he gives.
While the ordinary soldier, who offered up his all,
Is paid off with a medal and perhaps, a pension small.
It's so easy to forget them for it was so long ago,
That the old Bills of our Country went to battle, but we know
It was not the politicians, with their compromise and ploys,
Who won for us the freedom that our Country now enjoys.
Should you find yourself in danger, with your enemies at hand,
Would you want a politician with his ever-shifting stand?
Or would you prefer a soldier, who has sworn to defend
His home, his kin and Country and would fight until the end?
He was just a common soldier and his ranks are growing thin,
But his presence should remind us we may need his like again.
For when countries are in conflict, then we find the soldier's part
Is to clean up all the troubles that the politicians start.
If we cannot do him honor while he's here to hear the praise,
Then at least let's give him homage at the ending of his days.
Perhaps just a simple headline in a paper that would say,
Our Country is in mourning, for a soldier died today.
”
”
A. Lawrence Vaincourt
“
The failure of the duly elected government to build a new Army that would be faithful to its own democratic spirit and subordinate to the cabinet and the Reichstag was a fatal mistake for the Republic, as time would tell. The failure to clean out the judiciary was another. The administrators of the law became one of the centers of the counterrevolution, perverting justice for reactionary political ends. “It is impossible to escape the conclusion,” the historian Franz L. Neumann declared, “that political justice is the blackest page in the life of the German Republic.”4 After the Kapp putsch in 1920 the government charged 705 persons with high treason; only one, the police president of Berlin, received a sentence—five years of “honorary confinement.” When the state of Prussia withdrew his pension the Supreme Court ordered it restored.
”
”
Anonymous
“
Over the last decade, other G7 countries have made more dramatic changes to their pension programs than the United States has to Social Security.33 Germany and Japan have put automatic stabilizers into their public pension systems so that the pension benefits rise or fall automatically with the country’s ability to afford them. Italy linked pension age eligibility to life expectancy, while France indexed part of its public pension system to price inflation. These changes amount to huge spending cuts by 2040 compared with previous law—roughly 30 percent in France, 40 percent in Germany and Japan, and nearly 50 percent in Italy.34 Some of the reforms were delayed because of the recession. Nonetheless, the public broadly understands that future benefits should be cut, and the push for reform has come equally from the Left and the Right. The United States, meanwhile, has not managed to pass a major Social Security reform in thirty years.
”
”
Edward Alden (How America Stacks Up: Economic Competitiveness and U.S. Policy)
“
And, as inflation has fallen, so bonds have rallied in what has been one of the great bond bull markets of modern history. Even more remarkably, despite the spectacular Argentine default – not to mention Russia’s in 1998 – the spreads on emerging market bonds have trended steadily downwards, reaching lows in early 2007 that had not been seen since before the First World War, implying an almost unshakeable confidence in the economic future. Rumours of the death of Mr Bond have clearly proved to be exaggerated. Inflation has come down partly because many of the items we buy, from clothes to computers, have got cheaper as a result of technological innovation and the relocation of production to low-wage economies in Asia. It has also been reduced because of a worldwide transformation in monetary policy, which began with the monetarist-inspired increases in short-term rates implemented by the Bank of England and the Federal Reserve in the late 1970s and early 1980s, and continued with the spread of central bank independence and explicit targets in the 1990s. Just as importantly, as the Argentine case shows, some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the social constituency with an interest in positive real returns on bonds has grown. In the developed world a rising share of wealth is held in the form of private pension funds and other savings institutions that are required, or at least expected, to hold a high proportion of their assets in the form of government bonds and other fixed income securities. In 2007 a survey of pension funds in eleven major economies revealed that bonds accounted for more than a quarter of their assets, substantially lower than in past decades, but still a substantial share.71 With every passing year, the proportion of the population living off the income from such funds goes up, as the share of retirees increases.
”
”
Niall Ferguson (The Ascent of Money: A Financial History of the World)
“
Although this may have been just another lie, his luck held out and two days later in the early hours of October 12, 1492, Juan Rodríguez Bermeo, the lookout on the Pinta, spotted a light and alerted the other ships by firing the signal cannon. Captain-General Juan de la Cosa, the owner of the Santa Maria, woke Columbus to notify him of this sighting. Rubbing his eyes, Columbus stated that he had seen the light a few hours earlier, thereby claiming in a rather unethical way, a lifetime pension for being the first man to sight land. When they went ashore later that day, Columbus named the island San Salvador. He mistakenly thought that he had arrived in the “Indies,” an early name for Asia, and thus named the indigenous natives “Indians.” Anthropologists believe that the first natives Columbus encountered on the island were Lucayan-Arawak Indians. In Columbus’ logbook, he noted that they had little knowledge of fighting and that they did not wear clothes. Apparently, they were exceptionally clean and washed themselves frequently. Although leery of Columbus and the scruffy newcomers with him, they were very polite and perhaps somewhat fearful of them. It was noted that the women stayed in the background and did most of the work around the village, whereas the men did the fishing. In contrast to these polite people, the members of Columbus’ crew were a rough and crass lot.
”
”
Hank Bracker (Suppressed I Rise)
“
who looks with unconcern on a Man struggling for Life in the water and when he has reached ground encumbers him with help’) is matched in the Dictionary by the delightfully acerbic entry quoted at the head of this chapter. Chesterfield’s apathy had its reward: Johnson’s fury was spent.ar The lexicographer’s rejection of his patron’s belated assistance has often been identified as key moment in the history of publishing, marking the end of the culture of patronage.7 This is not strictly accurate. Patronage had been in decline for fifty years, yet would survive, in attenuated form, for another fifty. Indeed, Johnson was in the 1760s awarded a pension by the Crown—a subtle form of sponsorship, tantamount to state patronage. The letter’s importance is not so much historical as emotional; it would become a touchstone for all who repudiated patrons, and for all who embraced the laws of the marketplace. In the short term, however, Johnson’s rejection of Chesterfield did not endear him to the booksellers who had underwritten the Dictionary.
”
”
Henry Hitchings (Defining the World: The Extraordinary Story of Dr. Johnson's Dictionary)
“
The first basic income pilot in a developing country was implemented in the small Namibian village of Otjivero-Omitara in 2008–9, covering about 1,000 people.40 The study was carried out by the Namibian Basic Income Grant Coalition, with money raised from foundations and individual donations. Everyone in the village, including children but excluding over-sixties already receiving a social pension, was given a very small basic income of N$100 a month (worth US$12 at the time or about a third of the poverty line), and the outcomes compared with the previous situation. The results included better nutrition, particularly among children, improved health and greater use of the local primary healthcare centre, higher school attendance, increased economic activity and enhanced women’s status.41 The methodology would not have satisfied those favouring randomized control trials that were coming into vogue at the time. No control village was chosen to allow for the effects of external factors, in the country or economy, because those directing the pilot felt it was immoral to impose demands, in the form of lengthy surveys, on people who were being denied the benefit of the basic income grants. However, there were no reported changes in policy or outside interventions during the period covered by the pilot, and confidence in the results is justified both by the observed behaviour, and by recipients’ opinions in successive surveys. School attendance went up sharply, though there was no pressure on parents to send their children to school. The dynamics were revealing. Although the primary school was a state school, parents were required to pay a small fee for each child. Before the pilot, registration and attendance were low, and the school had too little income from fees to pay for basics, which made the school unattractive and lowered teachers’ morale. Once the cash transfers started, parents had enough money to pay school fees, and teachers had money to buy paper, pens, books, posters, paints and brushes, making the school more attractive to parents and children and raising the morale and, probably, the capacity of its teachers. There was also a substantial fall in petty economic crime such as stealing vegetables and killing small livestock for food. This encouraged villagers to plant more vegetables, buy more fertilizer and rear more livestock. These dynamic community-wide economic effects are usually overlooked in conventional evaluations, and would not be spotted if cash was given only to a random selection of individuals or households and evaluated as a randomized control trial. Another outcome, unplanned and unanticipated, was that villagers voluntarily set up a Basic Income Advisory Committee, led by the local primary school teacher and the village nurse, to advise people on how to spend or save their basic income money. The universal basic income thus induced collective action, and there was no doubt that this community activism increased the effectiveness of the basic incomes.
”
”
Guy Standing (Basic Income: And How We Can Make It Happen)
“
Four is here in Austin and two in California and one in Ohio. "I gits a li'l pension, $9.00 de month, and my gal, Susie,
”
”
Work Projects Administration (Slave Narratives: a Folk History of Slavery in the United States From Interviews with Former Slaves Texas Narratives, Part 1)
“
Is it true it say that Confederate officers can never vote?” “No, that’s a false rumor,” Samuel clarified. “They can vote, but people who engaged in insurrection or rebellion against the United States can’t hold office at the state or federal level, and they won’t get a pension for fighting in the war.” “And pay? Do that amendment
”
”
Laila Ibrahim (Mustard Seed (Freedman/Johnson, #2))
“
The most severe impact of the oil crisis hit the United States’ largest city, New York. In December 1974, nine of the world’s most powerful bankers, led by David Rockefeller‘s Chase Manhattan, Citibank, and the London-New York investment bank, Lazard Freres, told the Mayor of New York, an old-line machine politician named Abraham Beame, that unless he turned over control of the city’s huge pension funds to a committee of the banks, called the Municipal Assistance Corporation, the banks and their influential friends in the media would ensure financial ruin to the city. Not surprisingly, the overpowered Mayor capitulated, New York City was forced to slash spending for roadways, bridges, hospitals and schools in order to service their bank debt, and to lay off tens of thousands of city workers. The nation’s greatest city was turned into a scrap heap beginning then. Felix Rohatyn, of Lazard Freres, became head of the new bankers’ collection agency, dubbed by the press as ‘Big MAC.
”
”
F. William Engdahl (A Century of War: Anglo-American Oil Politics and the New World Order)
“
The salesman simply nodded. He said state pension funds were among the biggest buyers of structured notes, of which this Thai trade was but one example. Generally the list of structured note buyers included the State of Wisconsin and several counties in California, including Orange County, although the salesman noted that this Thai trade was small and unusual and that state pension funds and insurance companies typically bought other types of structured notes.
”
”
Frank Partnoy (FIASCO: Blood in the Water on Wall Street)
“
But the new century brought a ‘New Liberalism’, which saw social improvement as something which the state should deliberately direct. The President of the Board of Trade took this up with the zeal of a convert, proposing a minimum wage, creating labour exchanges to find work for the unemployed, suppressing ‘sweat shops’ – small garment factories where men, and often women, many of them immigrants, worked very long hours for very low wages – and then helping Lloyd George, who had been promoted as Chancellor of the Exchequer, to introduce National Insurance and an old age pension.
”
”
Geoffrey Wheatcroft (Churchill's Shadow: The Life and Afterlife of Winston Churchill)
“
list of documents that may be required. It can look intimidating, especially if you’ve not been actively involved in your family finances, but don’t panic. If you can’t find all of them or don’t have access, there is a later step in the divorce process called “discovery,” when you can legally compel the other side to provide copies of anything else you need: •Individual income tax returns (federal, state, local) for past three years •Business income tax returns (federal, state, local) for past three years •Proof of your current income (paystubs, statements, or paid invoices) •Proof of spouse’s income (paystubs, statements, or paid invoices) •Checking, savings, and certificate statements (personal and business) for past three years •Credit card and loan statements (personal and business) for past three years •Investment, pension plan, and retirement account statements for past three years •Mortgage statement and loan documents for all properties you have an interest in •Real estate appraisals •Property tax documents •Employment contracts •Benefit statements •Social Security statements •Life, homeowner’s, and auto insurance policies •Wills and trust agreements •Health insurance cards •Vehicle titles and/or registration •Monthly budget worksheet •List of personal property (furnishings, jewelry, electronics, artwork) •List of property acquired by gift or inheritance or owned prior to marriage •Prenuptial agreements •Marriage license •Prior court orders directing payment of child support or spousal support Your attorney or financial advisor may ask for additional documents specific to your case. Some of these may not be applicable to you.
”
”
Debra Doak (High-Conflict Divorce for Women: Your Guide to Coping Skills and Legal Strategies for All Stages of Divorce)
“
Almost everyone will proclaim they are against bullying. No one likes a bully, right? At the same time, most of those same people will state the slogan of the day, "I respect the police.", or, "I respect the police, but...". To that I ask, "What is it you respect about them?" Do you respect that they'd shoot your dog or child in a heartbeat? Do you respect them leaving thousands of dogs in hot cars to die? Do you respect them shooting hundreds of thousands of dogs? (10,000 a year for 20 years would be hundreds of thousands!). Do you respect that there are cops in prison for murder, rape, and child molestation who are still collecting their pensions? I could probably make this list 100 pages long if I wanted to, but I hope you get the point. The point is that when we say we respect bullies and bullying, we are part of the problem, not the solution.
”
”
Danny Nichols (Cops Don't Kill K9 Cops, Do They?: The Deadly Bad Habit Cops Don't Want You to Read About)
“
Over Europe as a whole, alterations in state control of capital and of coercion between AD 900 and the present have followed two parallel arcs. At first, during the age of patrimonialism, European monarchs generally extracted what capital they needed as tribute or rent from lands and populations that lay under their immediate control - often within stringent contractual limits on the amounts they could demand. In the time of brokerage (especially between 1400 and 1700 or so), they relied heavily on formally independent capitalists for loans, for management of revenue-producing enterprises, and for collection of taxes. By the eighteenth century, however, the time of nationalization had come; many sovereigns were incorporating the fiscal apparatus directly into the state structure, and drastically curtailing the involvement of independent contractors. The last century or so, the age of specialization, has brought a sharper separation of fiscal from military organization and an increasing involvement of states in the oversight of fixed capital.
On the side of coercion, a similar evolution took place. During the period of patrimonialism, monarchs drew armed force from retainers, vassals, and militias who owed them personal service - but again within significant contractual limits. In the age of brokerage (again especially between 1400 and 1700) they turned increasingly to mercenary forces supplied to them by contractors who retained considerable freedom of action. Next, during nationalization, sovereigns absorbed armies and navies directly into the state's administrative structure, eventually turning away from foreign mercenaries and hiring or conscripting the bulk of their troops from their own citizenries. Since the mid-nineteenth century, in a phase of specialization, European states have consolidated the system of citizen militaries backed by large civilian bureaucracies, and split off police forces specialized in the use of coercion outside of war.
By the nineteenth century, most European states had internalized both armed forces and fiscal mechanisms; they thus reduced the governmental roles of tax farmers, military contractors, and other independent middlemen. Their rulers then continued to bargain with capitalists and other classes for credit, revenues, manpower, and the necessities of war. Bargaining, in its turn, created numerous new claims on the state: pensions, payments to the poor, public education, city planning, and much more. In the process, states changed from magnified war machines into multiple-purpose organizations. Their efforts to control coercion and capital continued, but in the company of a wide variety of regulatory, compensatory, distributive, and protective activities.
”
”
Charles Tilly (Coercion, Capital, and European States, A.D. 990-1992)
“
New York City’s fiscal health was no better than the state of its subways. Lindsay and the city comptroller, Abe Beame, were engaging in a series of fiscal gimmicks to keep the city’s operating and capital budgets afloat. They were trying to satisfy too many constituents by undertaking ambitious capital projects, minimizing fare increases, and providing some of the most generous pension benefits in the nation to municipal employees. Government agencies have two types of budgets: operating budgets and capital budgets. The operating budget pays for day-to-day expenses such as salaries, pensions, and office supplies, as well as ongoing maintenance and basic repairs, such as cleaning buses and filling potholes. The capital budget funds the construction and rehabilitation of the city’s infrastructure and facilities.
”
”
Philip Mark Plotch (Last Subway: The Long Wait for the Next Train in New York City)
“
These are not marginal or idiosyncratic categories of income (although the need to translate from tax categories to moral ones inevitably introduces judgment and imprecision into any accounting). Founder’s shares, carried interest, and executive stock compensation give nominally capital gains a substantial component of labor income, especially among the very rich. To begin with, roughly half of the twenty-five largest American fortunes, according to Forbes, arise from founder’s stock still held by the founders who built the firms. Moreover, the share of total capital gains income reported to the Treasury that is attributable to carried interest alone—to the labor of hedge fund managers—has grown by a factor of perhaps ten in the past two decades and now comprises a material share of all the capital gains reported by one-percenters. And over the past twenty years, roughly half of all CEO compensation across the S&P 1500 has taken the form of stock or stock options. Pensions and housing also contribute substantially to top incomes today, roughly doubling the shares that they contributed in the 1960s. Once again, the data cannot sustain precise measurements, but these forms of labor income, taken together, plausibly comprise roughly another third of top incomes, sitting atop the roughly half of top incomes attributable to labor on even the most conservative accounting. The data therefore confirm—top-down—the narrative of labor income that bubbles up from a survey of elite jobs. Both the top 1 percent and even the top 0.1 percent today receive between two-thirds and three-quarters of their income in exchange not for land, machines, or financing but rather for deploying their own effort and skill. The richest person out of every hundred in the United States today, and indeed the richest person out of every thousand, now literally works for a living.
”
”
Daniel Markovits (The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite)
“
Intricately connected to the restructuring of relations of production, neoliberalism has also entailed the restructuring of social reproduction in ways that have rendered it increasingly insecure for particular sectors of the population. In the US, Canada and the UK, the move from welfare to ‘workfare’ states is particularly relevant, though other cutbacks to government services, the hollowing out of public housing, the restructuring of pension plans in ways that render them increasingly dependent on global financial markets and the imposition of austerity measures (especially in Europe) post-2008 are all key moves that have contributed to the ‘reprivatization of social reproduction’. The latter refers to the ways in which the decline in social forms of provisioning in most OECD countries over the past several decades has resulted in an increase in the amount of work done by families, particularly by women, and/or the private sector.
”
”
Adrienne Roberts (Gendered States of Punishment and Welfare: Feminist Political Economy, Primitive Accumulation and the Law (RIPE Series in Global Political Economy))
“
The success of (mainly bourgeois and white) women in this area was of crucial importance to the later development of the welfare state in these countries, which were only firmly institutionalized after World War II. Insofar as many of these policies alleviated some of the risks and insecurities felt by working-class families, they also exhibited significant racial biases. To use the US as an example, it has been well noted that mothers’ pensions were not directed to relieve and generally did not support African-American and other women of colour – this, despite the racialized nature of poverty in America: in 1934 Los Angeles, Mexican Americans constituted 10 percent of the population but only 1 percent of welfare recipient (forcing thousands of Mexicans to return to Mexico) while in Atlanta, Georgia, the average amount of relief given to a white person was nearly 70 percent more than that given to a black person ($32.66 versus $19.29 per month)
”
”
Adrienne Roberts (Gendered States of Punishment and Welfare: Feminist Political Economy, Primitive Accumulation and the Law (RIPE Series in Global Political Economy))
“
Wacey had called Etbauer “the ultimate government employee,” a man who had never collected a paycheck in his life that wasn’t from either the state or the Federal government. He had attained his rank due to a particularly bureaucratic method known as ADV or “advanced due to vacancy.” That meant that Etbauer simply put in his time and moved up as others moved out or retired. As state employees either left to take other jobs or start businesses of their own, bureaucrats like Etbauer (who no private sector employer would ever want on the payroll) simply grew in power and seniority like a tumor within the agency, amassing security and building a fine pension.
”
”
C.J. Box (Open Season (Joe Pickett #1))
“
Women who were widowed by the war—often lower-class women, since most of the soldiers were poor—lost their minimal means of support. The Continental Congress, which could barely muster enough funds to keep its fighting men in the field, did not give high priority to the wives of dead privates. Even following the war, the national government refused to assume responsibility for widows unless their husbands had been officers. The wives of enlisted men had to wait until 1832, fifty years after the fighting had stopped, before receiving federal pensions; by then, of course, few were still alive. State
”
”
Ray Raphael (A People's History of the American Revolution: How Common People Shaped the Fight for Independence)
“
we now know the FBI is riddled with incompetent partisan hacks. the intelligence community seems to exist mostly to spy on you and leak information about politicians it dislikes. your state and local governments are full of bureaucrats who are paid more to deliver less every year and then retire with a fat pension in their 50s. Academia meanwhile is apparently dominated by lazy mediocrities more interested in political activism than in teaching. there is a lot of rot in our halls of power, but our federal courts may be the most decayed institution of all...
”
”
Tucker Carlson