Gfc Quotes

“What's happened is somewhere, along the line, as a society, we confused the notion of 'home' with the possibility of 'an investment opportunity'. What kind of creature wants to live in an 'investment opportunity'? Only man.

The fox has his den. The bee has his hive. The stoat, has, uh... his stoat-hole... but only man chooses to make his nest in an investment opportunity. Mmm, snuggled down in the lovely credit! All warm, in the mortgage payment, mmmmm...”
― Stewart Lee

“The defining feature of world politics post the Global Financial Crisis (GFC) has been the rise of right-wing populists, who have disrupted politics. It wasn't meant to be this way. Conventional wisdom at the time was that the GFC would lead to the 'social democratic moment'. The theory went that in the aftermath of the GFC - an event which exposed the dangers of relentless deregulation and fuelled an already existing rise of inequality - progressive parties, with a preference for appropriately calibrated regulation and redistribution, would benefit. Like much conventional wisdom, reality proved otherwise.
Instead, it's been the right-wing populists' moment. The charlatans' moment. First, they disrupted their own parties, then they disrupted politics more broadly. (p.14-15)”
― Chris Bowen, On Charlatans