Jack Saturday

Friday, October 10, 2008

Anti-Wage-Slavery, Pro-Freedom Quotations Of The Week 266-270

A study by two well-known international economists 15 years ago found that at least twenty companies in the top Fortune 100 would not have survived if they had not been saved by their respective governments, and that many of the rest gained substantially by demanding that governments "socialise their losses." Such government intervention "has been the rule rather than the exception over the past two centuries," they conclude from a detailed analysis. [Ruigrok and von Tulder]
Noam Chomsky
VII Social Summit for the Latin American and Caribbean Unity

…"crisis of overproduction," with the world now awash in goods -- from microchips to steel to automobiles -- and not enough consumers to absorb all this stuff.

…at the heart of the current crisis, like those that preceded it in recent years, are twin crises inherent in the structure of our global economy: a crisis of overproduction in the "core" states with advanced economies, and soul-crushing poverty in much of the "periphery."
If We Get Through This Crisis, We'll Face Another in 5 to 10 Years -- Here's Why
By Joshua Holland, AlterNet. Posted October 7, 2008.
("overproduction" link JS)

The alternative is simple and powerful. Take that huge sum of money and give it directly to the people who need it.
Howard Zinn
From Empire to Democracy

…when a guy like Chomsky, or Jim Lehrer, or Bill Moyers writes or has a show on serious issues, the majority of our eyes glaze over and we say to ourselves,"Okay, what's on the Fox Channel?" or, "I wonder what's on "Entertainment Tonight." It's just easier to digest. And after working all day, many times at an unrewarding job, a lot of people prefer "easy."
Chomsky Says a Lot
Posted by: shill on Oct 4, 2008 5:02 AM

I worked as an engineer for many years and had my own contract company for a while. When the dot com bust came we could not get any customers so shut the company down. I no longer wanted to deal with people who feel that the car in the parking lot and the watch on your wrist define you as a better person. I got tired of people who felt the greatest joy was crushing someone else in a climb to the top. I saw no reason for a fancy car or a big house so I stopped dealing with the corporate world. I ran a home repair business for a while but it was a lot more fun sitting in the back yard reading. I discovered the most important possession I had was control over my time.
Don Bowen


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