Noreena Hertz Quotes
I have problems with this very extreme form of capitalism where the pendulum has swung so far in one direction, where the focus is completely on the short term, and no one is thinking about the consequences.
Hertz, Noreena. The Silent Takeover: Global Capitalism and the Death of Democracy. Free Press, 2001.
Grandfather of President John F. Kennedy. Standard Oil had a monopoly on kerosene, a major fuel at the time. The company announced an extra $17 million dividend to shareholders and then raised the price of kerosene throughout the country to pay for it. Some, like Fitzgerald, saw this as a de facto regressive tax levied by a private corporation on the poor and middle class.
At the time many workers lived in housing owned by their employer. When the Pullman company had a labor dispute, they not only locked the workers out of their jobs but evicted them from their meager housing.
Noreena Hertz is an English academic, economist, author and has hosted her show, "MegaHertz: London Calling," on Sirius XM's Insight channel since 28 August 2017. She has been Honorary Professor at the Institute for Global Prosperity at University College London since 2014. She also acts as Sirius XM's chief Europe correspondent. In 2016 she joined ITV News as its Economics Editor.