John Davie

“A false alarm is sounded that government budget deficits will increase consumer prices — with no discussion of how private-sector credit deflates economies. The problem is that credit is debt — and paying debt service to bankers and bondholders (and various grades of loan sharks) leaves less income available to spend on goods and services. So debt deflation is today’s major problem, not inflation.”
― Michael Hudson, The Bubble and Beyond

“How could you not see that I'm a woman? Yes, a woman, who might belong to anyone - yes, even to you,”
― Leo Tolstoy, War and Peace, V1/2

“Social democracy as we now know it underwent its moment of speciation when Eduard Bernstein began to question the orthodoxy of revolution. His essential postulate was the absence of crises. The Steven Pinker of socialism, he pointed to the empirical fact that no serious crisis had rocked the capitalist economy for the past two or three decades, which invalidated the Marxian prophecy of a system trending towards collapse. Since it was not prone to malfunctioning, the idea of seizing power, smashing decrepit capitalism and installing a completely different order had become redundant; instead social democracy could continue to grow in strength, extract piecemeal reforms and gradually lift the working class out of the mire. Rosa Luxemburg very famously objected that the crisis tendencies had merely been postponed. In the near future, they would burst forth with even more dreadful violence. Ignoring her prognosis, the social democrats in the making went ahead and presently gave their first demonstration of how they dealt with catastrophe: by expediting it through consent.”
― Andreas Malm, Corona, Climate, Chronic Emergency: War Communism in the Twenty-First Century

“Machines are created making it possible to manufacture more in an hour than used to be manufactured in a month; more is produced by the labor of one man than was formerly produced by the labor of a thousand men; fertilizers are available whereby an acre of land can be made to produce from two to three or even four times what it formerly produced; various other inventions and scientific achievements which God has seen fit to disclose to man from time to time make their appearance; but instead of bringing prosperity, ease and comfort, they have meant unemployment; they have meant idleness; they have meant starvation; they have meant pestilence; whereas they should have meant that hours of labor were shortened, that toil was decreased, that more people would be able to consume, that they would have time for pleasure, time for recreation—in fact, everything that could have been done by science and invention and wealth and progress in this country should have been shared among the people. . .”
― Huey Long, Every Man a King: The Autobiography of Huey P. Long