Martin O'Malley Quotes
When you create an economy where you subsidize corporate profits through a welfare program and food stamps in order to keep wages low in some perverse pursuit of 'competiveness,' than you reap the fruits of the anger that you sow.
O'Malley, Martin. Remarks at the DNC Summer Meeting. Minneapolis, 28 Aug. 2015. Speech.
Many of the richest people continue to acquire more money via illegal and immoral means. See {630537}.
By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.
“Profiteers” had two general meanings at the time: First there was the specific set of industrialists who had made large profits out of the First World War. For many it also included capitalists who made large profits.
In his economic view, managers, accountants, attorneys, owners, shareholders, landlords, were all supported by the workers who have to support themselves and all the others.
In the Great Recession thousands of bank executives of the banks that received government bailouts committed fraud and perjury providing false information under oath and foreclosing on mortgages illegally. There were so many bank felons that the Justice Department decided not to prosecute any of them and let the Banks pay relatively small fines instead. Then the banks paid the crooked employees bonuses. Paul was one of the few members of Congress who favored prosecution of all the guilty bankers regardless of the number.
Martin Joseph O'Malley is an American politician and attorney who served as the 61st Governor of Maryland from 2007 to 2015. A member of the Democratic Party, he previously served as Mayor of Baltimore from 1999 to 2007, and was a councilman from the Third Council District in the northeast section of the city on the Baltimore City Council from 1991 to 1999.