But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
As for me, you wonder why I am a socialist. I'll tell you. It is because socialism is inevitable; because the present rotten and irrational system cannot endure; because the day is past for your man on horseback. The slaves won't stand for it. They are too many, and willy-nilly they'll drag down the would-be equestrian before he gets astride. You can't get away from them, and you'll have to swallow the whole slave-morality. It's not a nice mess, I'll allow. But it's been a-brewing and swallow it you must.
One always has to know when a stage comes to an end. If we insist on staying longer than the necessary time, we lose the happiness and the meaning of the other stages we have to go through. Closing cycles, shutting doors, ending chapters – whatever name we give it, what matters is to leave in the past the moments of life that have finished.
Universal peace as a result of cumulative effort through centuries past might come into existence quickly - not unlike a crystal that suddenly forms in a solution which has been slowly prepared. Science is but a perversion of itself unless it has as its ultimate goal the betterment of humanity.
Since men do not really respect anything unless it was established long ago and has developed slowly over time, those who want tokeep on living after their death must take worry not only about their future generations but even more about their past: that is why tyrants of all kinds (including tyrannical artists and politicians) like to do violence to history, so that it will appear as a preparation and stepladder to themselves.
I learned a new language for it all in the 90s. Which in some ways isn't bad... I mean getting people to think about what language actually means before they use it is a good thing. But it's become very clear the past nine years that some Americans truly resent thinking before they speak.
Does that mean that all vestiges of past discrimination would be eliminated, that the income gap or the wealth gap or the education gap [between Afro-Americans and white] would be erased in five years or 10 years? Probably not, and so this is obviously a discussion we've had before when you talk about something like reparations.
The most evident difference between man and animals is this: the beast, in as much as it is largely motivated by the senses and with little perception of the past or future, lives only for the present. But man, because he is endowed with reason by which he is able to perceive relationships, sees the causes of things, understands the reciprocal nature of cause and effect, makes analogies, easily surveys the whole course of his life, and makes the necessary preparations for its conduct.
The skyscraper and the twentieth century are synonymous; the tall building is the landmark of our age. ... Shaper of cities and fortunes, it is the dream, past and present, acknowledged or unacknowledged, of almost every architect.
The last few decades have been marked by a special cultivation of the romance of the future. We seem to have made up our minds to misunderstand what has happened; and we turn, with a sort of relief, to stating what will happen-which is apparently much easier...The modern mind is forced towards the future by a certain sense of fatigue, not unmixed with terror, with which it regards the past.
We know the surface temperature of the Earth is warming. It has risen by .6 degrees Celsius over the past 100 years. There was a warming trend from the 1890s to the 1940s, cooling from the 1940s to the 1970s, and then sharply rising temperatures from the 1970s to today.