(Source: nessmx)
"In big banks and asset management companies it’s very difficult to be negative about the future. The reason is simple: they make their money from optimism. If you are going to tell investors that the economy is going down, they will move their money somewhere safe and reliable such as cash. It is tricky to charge fees for trading or managing cash. It also becomes more difficult to convince investors to purchase riskier products."
"… If Democrats can manage the pivot from race to class in the coming years, and can make the argument for how and why government programs should be used to create positive liberty for the poor, in ways that violate neither proportionality nor the negative liberty of others, they’ll be able to reclaim Jackson’s slogan [“Equal opportunity for all, special privileges for none.”].It will be an inspiring banner for them to wave in the new culture war over fairness and liberty.. It will be an inspiring banner for them to wave in the new culture war over fairness and liberty."
- Jonathan Haidt
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