Guy Standing Quotes
The precariat can be divided into three further groups - atavists, who look back to a lost past; nostalgics, who look forlornly for a present, a home; and progressives, who look for a lost future.
Standing, Guy. A Precariat Charter: From Denizens to Citizens. Bloomsbury Academic, 2014.
Although India has been a thriving democracy since its independence. Nonetheless, there has been a strong governmental tradition in India of great regulation and control of business and the economy.
The cycle of poverty of 20th century America was not new. It has existed for centuries in most cultures and countries.
This was the prevailing view in Europe at the time; it was less so in the United States, where there were so many people who owned their own land and farmed it or developed manufacturing facilities and hence were the mind AND the limbs of the enterprises. However, the upper classes tended to agree with the European view. The difference between the American and European views was one of class mobility. In America “limbs” who demonstrated capacities of “mind” were much more able to advance in America. However, even into the 21st century here was a general feeling of the upper class that the “minds” made the critical and impactful decisions. This is one of the reasons that executive and CEO pay advanced so rapidly when compared with workers (the “linbs”).