Ceta, the EU-Canada free trade deal, should be rejected. It is a treaty which belongs to another age. This strictly commercial treaty contains absolutely no restrictive measures concerning fiscal or climate issues. It does, however, contain a considerable reference to the "protection of investors”. This enables multinationals to sue states under private arbitration courts, bypassing the public tribunals available to one and all. The legal supervision proposed is clearly inadequate, in particular concerning the key question of the remuneration of the arbitrators-cum-referees and will lead to all sorts of abuses. At the very time when American legal imperialism is gaining in strength and imposing its rules and its dues on our companies, this decline in public justice is an aberration. The priority, on the contrary, should be the construction of strong public authorities, with the creation of a prosecutor, including a European state prosecutor, capable of enforcing their decisions.
Thomas PikettyRelated topics
aberration age arbitration authorities climate commercial deal fiscal free imperialism justice key lead priority prosecutor public question remuneration restrictive should state strength supervision time trade treaty under rules statesRelated quotes
The principal contradiction within capitalism from the outset was that between the capitalists and the workers. To keep their system going, the capitalists had constantly to step up the rate of exploitation of their workers. At the same time, European workers were gaining increasing mastery over the means of production in the factories and mines, and they were learning to work collectively in big enterprises and within their own trade union structures. If the bourgeoisie continued to deprive them of the major part of the fruits of their own labor and to oppress them socially and politically, then those two classes were set on a collision path. Ever since the mid-nineteenth century, Marx had predicted class collision would come in the form of revolution in which workers would emerge victorious. The capitalists were terribly afraid of that possibility, knowing full well that they themselves had seized power from the feudal landlord class by means of revolution.
Walter Rodney
My estimate of American character has improved, contrary to my expectations, by this visit...I find myself in love with their intelligence, their sincerity, and the decorous self-respect that actuates all classes. The very genius of activity seems to have found its fit abode in the souls of this restless and energetic race. They have not, ‘tis true, the force of Englishmen in personal weight or strength, but they have compensated for this deficiency by quickening the momentum of their enterprises. All is in favour of celerity of action and the saving of time. Speed, speed, speed, is the motto that is stamped in the form of their ships and steamboats, in the breed of their horses, and the light construction of their wagons and carts: and in the ten thousand contrivances that are met with here, whether for the abridging of the labour of months or minutes, whether a high-pressure engine or a patent boot-jack. All is done in pursuit of one common object, the economy of time.
Richard Cobden
I would summarize the Keynesian view in terms of four points:1. Economies sometimes produce much less than they could, and employ many fewer workers than they should, because there just isn't enough spending. Such episodes can happen for a variety of reasons; the question is how to respond.
2. There are normally forces that tend to push the economy back toward full employment. But they work slowly; a hands-off policy toward depressed economies means accepting a long, unnecessary period of pain.
3. It is often possible to drastically shorten this period of pain and greatly reduce the human and financial losses by "printing money”, using the central bank's power of currency creation to push interest rates down.
4. Sometimes, however, monetary policy loses its effectiveness, especially when rates are close to zero. In that case temporary deficit spending can provide a useful boost. And conversely, fiscal austerity in a depressed economy imposes large economic losses.
Paul Krugman
Last year, when the need to form a fact-finding team to undertake a thorough investigation concerning the hidden elements involved in September 11 incident was brought up; an idea also endorsed by all independent governments and nations as well as by the majority in the United States, my country and myself came under pressure and threat by the government of the United States. Instead of assigning a fact-finding team, they killed the main perpetrator and threw his body into the sea. Would it not have been reasonable to bring to justice and openly bring to trial the main perpetrator of the incident in order to identify the elements behind the safe space provided for the invading aircraft to attack the twin world trade towers? Why should it not have been allowed to bring him to trial to help recognize those who launched terrorist groups and brought wars and other miseries into the region? Is there any classified information that must be kept secret?
Mahmoud Ahmadinejad
IN a free‐enterprise, private‐property system, a corporate executive is an employe of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom. Of course, in some cases his employers may have a different objective. A group of persons might establish a corporation for an eleemosynary purpose-for example, a hospital or school. The manager of such a corporation will not have money profit as his objective but the rendering of certain services. In either case, the key point is that, in his capacity as a corporate executive, the manager is the agent of the individuals who own the corporation or establish the eleemosynary institution, and his primary responsibility is to them.
Milton Friedman
