Economic Disparities Quotes

There’s no question whatsoever that conquered people have been treated in a terrible way. Being conquered by the Romans was not a fate you would wish on anyone. But the fact is that the net result has been that those parts of Europe conquered by the Romans have been the most advanced parts of Europe for centuries. Similarly, when someone black says . . . ‘I’m worse off because of slavery,’ there’s no way in hell you can say that with a straight face. If you’re going to base reparations on the difference between where blacks today would be if it were not for slavery, then blacks would have to pay reparations to white people.

At the time of the formation of the euro, I would say most American economists said that's not a good idea; that's not a currency area that makes sense. And the answer from Europe was, 'How is Missouri and Mississippi a currency area?' But the flaw in that was not recognizing the importance of mobility.

Germany had the misfortune of becoming poisoned, first because of plenty, and then because of want.

There could not be a more stark contrast between Wisconsin and Illinois.

The traditional story of economists has been to say education explains what the returns are to school. I say, 'Okay, that's fine, but what explains the education? How much is just a matter of my giving you a poor kid versus a rich kid?'

There is no community of interests or of principles between North and South America.

Globalization is exposing new fault lines - between urban and rural communities, for example.

You can oppose reparations all you want, but you got to know the facts. You really, really do.

The clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic powers.

We must make it clear that our problem is not in Mecca but in Brussels.

Many people don't realize that financial incentives have been built into the drug war that guarantee that law enforcement will continue to arrest extraordinary numbers of people, particularly in poor communities of color, for minor drug offenses that get ignored on the other side of town.

We should condemn as unjust a global economic order that leads to ever-increasing economic disparities - provided this effect is foreseeable and provided it is also avoidable through some alternative institutional design that would foreseeably lead to much less poverty and inequality. Those involved in designing or imposing the existing rules are collectively responsible for the resulting excess deprivations and human rights deficits.

The Unheavenly Chorus is the definitive study of participatory inequality in America. Marshaling prodigious evidence, the authors show how money not only buys influence directly but also affects associations that are supposed to be democratic antidotes to concentrated wealth. A monumental achievement of careful scholarship, this book offers real knowledge of how politics actually operates.

It is the enormity of existing economic disparities that convinces me that only through new partnerships and coalitions, which unite private, public and quasi-public institutions, can they be overcome.

People look at things differently. Imagine going to a village in Southern Sudan and try to explain to someone there the concept of life insurance or retirement. Go to Vietnam and say retirement. Retirement in another country is your body is too racked with pain and your hands are too arthritic from the life in the rice patty fields, so you can't work anymore. So you move in with your son and his new wife takes care of you because that's how families work there.

Bhagavad Gita is very relevant to modern times when you see things like global warming, climate chaos, changing weather patterns, natural disasters like hurricane Katrina, extreme poverty, economic disparities, social injustice, war, and terrorism - these are the projection of a collective consciousness that's in disarray.

It is especially difficult to make the case that inequalities of outcomes can be automatically assumed to have been caused by discrimination by dominant majorities against subordinate minorities, when in fact many subordinate minorities have economically outperformed dominant majorities in many countries around the world and in many periods of history.

Today, half of the national income goes to the richest 10 percent. In 2007, the top 1 percent controlled 34.6 percent of the wealth—significantly more than the bottom 90 percent who control just 26.9 percent.

Social safety-net spending is an important form of public funding that helps offset disparities in family resources for children.

The Commonwealth is a mixture of developing and developed world, in which the developed countries were very influential and their policies hold sway most of the time.

Hillary Clinton's done a terrible job for the African-Americans.

I understand how difficult it can be for an African-American in today’s society. In fact, I can relate to black people very well indeed. My ancestors once owned slaves, and it is in my lineage to work closely with the black community. However, just because they were freed over a century ago doesn’t mean they can now be freeloaders. They need to be told to work hard, and the incentives just aren’t there for them anymore. When I’m president I plan to work closely with the black community to bring a sense of pride and work ethic back into view for them.

Especially some of the poorest in our society need to have the greatest support because health inequalities are too wide.

Schools are no longer legally segregated, but because of residential patterns, housing discrimination, economic disparities and long-held custom, they most emphatically are in reality.

It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.