Hal Varian Quotes
A simple way to forecast the future is to look at what rich people have today; middle-income people will have something equivalent in 10 years, and poor people will have something equivalent in an additional decade.
Hal Varian, Chief Economist, Google, “Multinationals Will Run The World”, Foreign Policy, September / October 2011
Sourced by: Eigen's Political and Historical Quotations
The “competition of the poor included the political and social activism competition.”
The American Dream is the reasonable possiblity of upward mobility, and at the time of this statement, a person growing up in Canada had twice the chance of an American of Achieving that.
One dramatic example of this principle is that India at the end of the 20th century had more billionaires than the United States did.
After the Meltdown of 2008 at the end of the George W. Bush administration, the Great Recession shut many of the traditional American opportunities, and even in 2013 when this quotation was written opportunities for the poor were much fewer than at most other times in American history.
Hal Ronald Varian is Chief Economist at Google and holds the title of emeritus professor at the University of California, Berkeley where he was founding dean of the School of Information. Varian is an economist specializing in microeconomics and information economics.