The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that a nanosecond had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all. What had once been the world's most public, most democratic, financial market had become, in spirit, something like a private viewing of a stolen work of art.
Michael Lewis (author)Related topics
art democratic idea market now once pay perfect public saw something speed spirit stolen value view viewing work nanosecond have-nots havesRelated quotes
The democratic ideal springs from the ideas of liberty, equality, majority rule through free elections, protection of the rights of minorities, and freedom to subscribe to multiple loyalties in matters of religion, economics, and politics rather than to a total loyalty to the state. The spirit of democracy is the idea of importance and worth in the individual, and faith in the kind of world where the individual can achieve as much of his potential as possible.
Saul Alinsky
If I go out of public life with one feeling, with one conviction, it is this : a deep regret for many bitter words I have used in my life, deep sincere repentance for my violence of language. But I hope they will be forgiven me by God and man, because not once in all my life have I attacked anybody unjustly from my point of view, and without believing it was my duty to do so.
Henri Bourassa
What is true is that the idea of power corrupts. Power corrupts most rapidly those who believe in it, and it is they who will want it most. Obviously, our democratic system tends to give power to those who hunger for it and gives every opportunity to those who don't want power to avoid getting it. Not a very satisfactory arrangement if power corrupts those who believe in it and want it.
Gregory Bateson
Not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?
David Harvey
When we assume God to be a guiding principle well, sure enough, a god is usually characteristic of a certain system of thought or morality. For instance, take the Christian God, the summum bonum: God is love, love being the highest moral principle; and God is spirit, the spirit being the supreme idea of meaning. All our Christian moral concepts derive from such assumptions, and the supreme essence of all of them is what we call God.
Carl Jung
