I have been hearing for years and years about how the financial services sector pays such exorbitant wages because the people who work there are so immensely talented that they are cheap at $50 million a year. I never particularly bought that line before. But I never imagined that all those Masters of the Universe would do quite this badly. If we had paid them $50 million a year to go far, far away and leave our financial system alone, it would have been a bargain.
Hilary BokRelated topics
bargain bought cheap far hearing leave line million pay people quite sector system universe wages work year years masters servicesRelated quotes
Ministers who deal with billions of dollars cannot be paid low salaries without risking a system malfunction. Low salaries will not attract able men who are or can be successful in their professions or business. Low salaries will draw in the hypocrites who sweet talk their way into power in the name of public services, but once in charge will show their true colour, and ruin the country. This has happened in many countries.
Lee Kuan Yew
Karl Marx, who knew quite a bit about the human tendency to fall down and worship our own creations, wrote Das Capital in an attempt to demonstrate that, even if we start from the economists' utopian vision, so long as we also allow some people to control productive capital, and, again, leave others with nothing to sell but but their brains and bodies, the results will be in very many ways barely distinguishable from slavery, and the whole system will eventually destroy itself.
David Graeber
It is time to recognize that financial markets are inherently unstable. Imposing market discipline means imposing instability, and how much instability can society take? ... To put it bluntly, the choice confronting us is whether we will regulate global financial markets internationally or leave it to each individual state to protect its interests as best it can. The latter course will surely lead to the breakdown of the gigantic circulatory system, which goes under the name of global capitalism.
George Soros
At this season of the year we draw close to Good Friday. All the eyes of the world will turn back to "a green hill far away, without a city wall," where the founder of Christianity was crucified by those forces of selfishness, greed, and lust for gain that are still at work in the world. It seems to me that unless we do something in Canada about the question of the export of war materials there will be another crucifixion - the crucifixion of a generation of young men, crucified upon a cross of nickel.
Tommy Douglas
Forgetfulness, the unhistorical, is ... the atmosphere, in which alone life can come into being. In order to understand it, let us imagine a youth who is seized with a passion for a woman, or a man who is swayed by a passion for his work. In both cases what lies behind them has ceased to exist and yet this state (the most unhistorical that can be imagined) is that in which every action, every great deed is conceived and accomplished.
Georg Brandes
