Quote of the Day | 0627

The world is full of tremendous and terrible existential risks these days. Climate change is one. But there are many others. Financial crisis, economic ruin, stock market crashes, social catastrophes like school shootings. These risks should be distributed better in society — shared with institutions. But the economy we have built asks people, individuals, households, to bear all the risks — and institutions, none. Entire financial systems are bailed out — but people’s pensions can get raided, sold off, and disappear, and it’s perfectly legal. See the difference?

Umair Haque, ‘Why We’re at the Beginning of a Global Authoritarian Super Cycle’

[x]#14264 fan woensdag 27 juni 2018 @ 00:01:02

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