John Kenneth Galbraith Quotes

This is the first generation to grow up on Thatcher - it's a different ethos. It's money minded, and it's the cult of yourself. Now that's fine, except when it falls down, and you can't achieve your goals - through high unemployment, through the fact that you probably need inherited money to get anywhere.

Some people, such as the unemployed coal miners and steelworkers of the Rust Belt, have been left behind by growing prosperity.

The 1980s were tough for most of Britain, but nowhere more so than Tottenham.

Trump, who in his own history as a developer preferred mob concrete and Chinese steel to the variety produced in the Rust Belt, cannot bring back the steel and manufacturing jobs lost in Lorain, Ohio or western Pennsylvania.

A minimum wage leads to higher levels of unemployment.

The migration of the black middle class out of the cities in the wake of the civil rights movement and the deindustrialization of urban economies has left a corroded core, cut off from the social; mainstream and reliant on inadequate federal support.

We have come to the point where a new machine invented in England deprives millions of Chinese workers of their livelihood within a year's time.

The periods of unemployment accompanying depression in the business cycle ... present a challenge to all our claims to progress, humanity, and civilization.

The machines, which mark the triumph of science, become, by reason of the antithetic conditions of the social plexus, instruments which impoverish millions and millions of artisans and free peasants.

How many jobs can a small community afford to lose?—none.

Under a system of free trade every branch of industry did not prosper.

Free trade is good for all countries but not necessarily good for all peoples in all countries.

For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor.

There are a lot of regulations that are really just crushing jobs. Look at the coal miners in the Rust Belt that are getting out of work. Look at the - look at the loggers and the timber workers and the paper mills in the West Coast. Look at the ranchers or farmers in the Midwest with regulations.

Globalization and deindustrialization affected workers of all colors but hit African Americans particularly hard.

The effect of Bill Clinton's NAFTA and Hillary Clinton's Colombian Free Trade Agreement has been devastating to Michigan and most of the rest of the country, and accounts for the appeal of Donald Trump.

A lot of the factories that had been the bedrock of many small cities were being shut down, which led me to investigate what I'm calling the 'de-industrial revolution.'

I saw what the Depression was doing to my students. Often they could get no jobs, or jobs which were wholly inadequate. And through them, I began to understand how deeply political and economic events could affect men's lives. I began to feel the need to participate more fully in the life of the community.

Whole communities have been devastated as good-paying jobs continue to leave the U.S.

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

If the E.U. allows itself to be priced out of the world economy, the next generation will not get jobs, living standards will decline, and the Union will lose the popular consent of the people of Europe.

Harveys opened against the backdrop of Thatcher's greed culture.

In the U.S., society and the environment have to pick up the tab produced by capitalist activity.

By the time I was leaving school, there were no factories. There was no industry.

No country can afford to lose a generation to unemployment.