William Greider Quotes
The burnt odor in Washington is from the disintegrating authority of the governing classes.
Greider, William. Who Will Tell the People: The Betrayal of American Democracy. Simon & Schuster, 1992.
The WWI veterans lobby was formed and they pressured Congress into authorizing a bonus of between $1 and $1.25 for each day of wartime service. However, the catch was that they would not be paid until 1945 unless they did, Hence the name for the bonus. The Bonus March on Washington would eventually march on Washington to get their pay while they were still alive. Finally, the bonuses were paid immediately after Franklin Delano Roosevelt assumed the Presidency even though he personally opposed paying it early. Congress passed the law over his veto.
Harry S Truman
Much depends on the culture of the people and the power of the rulers. In Pakistan, corruption and one disaster after another occurs and neither the government nor the army—the two ruling elites—does little or nothing to help the people, yet they retain their power and support of the majority of the population. The Palestinians have been led by the PLO, Hamas, and Hezbollah, and with each decision the elite rulers make, the Israeli’s obtain more territory than they were willing to settle for earlier, the standard of living of the Palestinians degrades, their employment prospects deteriorates, and their humiliation becomes greater. Yet, the elites maintain their power.
“Collegiate management” referred to a government central finance department that would be managed by committees of politicians and/or experts for the entire country. What Google feared was that elites like bankers and merchants would dominate and control the finances of the new government. He preferred to keep most of the financial management at the provincial and city governmental level. Further, that management by committee was inefficient and often produced gridlock. By the 21st century virtually every nation had a central bank or ministry that managed the nation’s finances in a globalized world. And there was a central banker in charge (although the amount of authority differs by nation.) However Gogel’s concern has never been abated. Virtually every country had evolved to where the nation’s finances were operated and/or controlled by elite minorities. The technical and educational requirements forced that to happen.
William Harold Greider was an American journalist and author who wrote primarily about economics.
