Doug Henwood Quotes

• Detrás de la abstracción conocida como "los mercados" se esconde un conjunto de instituciones diseñadas para maximizar la riqueza y el poder del grupo de personas más privilegiado del mundo, la clase acreedora-rentista del Primer Mundo y sus socios menores del Tercero.

  Doug Henwood

  Class, People, Groups

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• A rentier is an investor whose relationship to a company or enterprise is strictly limited to the ownership of financial wealth (such as stocks or bonds) and the receipt of income on that wealth (such as dividends or interest). The financial system performs dismally at its advertised task, that of efficiently directing society's savings towards their optimal investment pursuits. The system is stupefyingly expensive, gives terrible signals for the allocation of capital, and has surprisingly little to do with real investment.

  Doug Henwood

  Real, Giving, Tasks

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• Instead of taxing rich people, governments borrow from them, and pay them interest for the privilege.

  Doug Henwood

  Government, People, Pay

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