Chrystia Freeland Quotes
Our light-speed, globally connected economy has led to the rise of a new super-elite that consists, to a notable degree, of first- and second-generation wealth.
Freeland, Chrystia. Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else. Penguin Press, 2012.
The “competition of the poor included the political and social activism competition.”
Rich people the world over have often sought a safe way to save their money. Unfortunately, in most counties of the world, there is not the rule of law and the limited government that is in the United States and a few other industrial democracies. So the rich of those countries will often avoid investing their money in their own country and instead invest it in the United States or another “safe” country. This lack of patriotism makes development of poorer countries that much more difficult. However, the rulers of those countries rarely do the things necessary to create a reasonably safe environment for investment. Even in America, some wealthy people will invest in other nations or “bet against the dollar” in favor of the Yen, the Swiss Franc or the Euro. During the American Revolution and the War of 1812, there was every reason for wealthy Americans to send their money to England for investment or banking there, However, most American wealthy families were patriotic enough not to maximize their personal income.
Christina Alexandra Freeland PC MP is a Canadian politician serving as the tenth deputy prime minister of Canada since 2019 and as the minister of finance since 2020. Freeland has held a number of portfolios over her tenure in government including minister of intergovernmental affairs, minister of foreign affairs, and minister of international trade. A member of the Liberal Party, Freeland represents the Toronto riding of University—Rosedale in the House of Commons. She is the first woman to hold the finance portfolio.
