It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.
Capitalism creates a huge community of producers who are unceasingly striving to deprive each other of the fruits of their collective labor, and an oligarchy that cannot be effectively checked even by a democratically organized society....the subjugation is not by force but because the privileged class has long ago established a system of values by which the people were thenceforth, to a large extent unconsciously, guided in their social behavior.
The most perfect political community must be amongst those who are in the middle rank, and those states are best instituted wherein these are a larger and more respectable part, if possible, than both the other; or, if that cannot be, at least than either of them separate.
The American elite is almost beyond redemption. . . . Moral relativism has set in so deeply that the gilded classes have become incapable of discerning right from wrong. Everything can be explained away, especially by journalists. Life is one great moral mush--sophistry washed down with Chardonnay. The ordinary citizens, thank goodness, still adhere to absolutes.... It is they who have saved the republic from creeping degradation while their 'betters' were derelict.
I think by eighth grade I knew I wanted to be an actor. I'd done church plays and stuff, but my first actual acting class was in eighth grade. I was obsessed with it.
If you travel the earth, you will find it is largely divided into two classes of people-people who say 'I wonder why such and such is not done" and people who say "Now who is going to prevent me from doing that thing?"
Mr Jarndyce, and prevented his going any farther, when he had remarked that there were two classes of charitable people: one, the people who did a little and made a great deal of noise; the other, the people who did a great deal and made no noise at all.
In the 18th century, James Hargreaves invented the Spinning Jenny, and Richard Arkwright pioneered the water-propelled spinning frame which led to the mass production of cotton. This was truly revolutionary. The cotton manufacturers created a whole new class of people - the urban proletariat. The structure of society itself would never be the same.
Mr Jarndyce, and prevented his going any farther, when he had remarked that there were two classes of charitable people: one, the people who did a little and made a great deal of noise; the other, the people who did a great deal and made no noise at all.
No scheme for a change of society can be made to appear immediately palatable, except by falsehood, until society has become so desperate that it will accept any change.
We therefore work, not for the work's sake, but for money—and money is supposed to get us what we really want in our hours of leisure and play. In the United States even poor people have lots of money compared with the wretched and skinny millions of India, Africa, and China, while our middle andupper classes (or should we say "income groups") are as prosperous as princes. Yet, by and large, they have but slight taste for pleasure. Money alone cannot buy pleasure, though it can help. For enjoyment is an art and a skill for which we have little talent or energy.