Systemic Crisis Quotes

We're facing a crisis that we have not provoked, yet we are the main victims of the greatest crisis since the 1930s. It's not been generated by factors external to the system, but by factors that are of the very essence of the system: exacerbated individualism, deregulation, competition, and so on.

Why respect the rules of the system … if the system consistently generates crises?

American decline is real, though the apocalyptic vision reflects the familiar ruling class perception that anything short of total control amounts to total disaster.

The crisis is the price for the capitalist system

Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.

We live in a world today where the capitalists' confidence in their ability to rule has been shaken.

We must limit the perception that some institutions are either too big or too interconnected to fail.

Fundamental systemic crises are often associated with the decline of the dominant imperial power and its increasing inability to sustain the system over which it had previously presided. The profound instability of the interwar period owed much to Britain's inability to maintain its role.

Whenever we see a state conducted by measures contrary to those made use of in its foundation, we may be assured a great revolution is at hand.

If the current international order proves too brittle to change, it will simply crumble.

I don't think anybody's too big to fail. I think the - I think if what you've got is sort of a large number of institutions who are going to fail, then that ends up affecting the system.

The political world is changing rapidly. What the establishment has learned, what the Democratic establishment, the Republican establishment, the media establishment, is the world is not quite what they thought it was. With the middle class disappearing, with people working longer hours for lower rages, with people worried about the future of their children, what you are seeing is a lot of discontent at the grassroots level all over this country. And that's what's going on right now.

We have found ourselves in the period of "interregnum": the old works no more, the new is not yet born. But the awareness that without it being born we are all marked for demise, is already much alive, as is the awareness that the hard nut we must urgently crack is not the presence of "too many poor", but "too many rich".

The world is ending, make no mistake. It's coming to an end. This can't go on for much longer. Capitalism has to fall.

Today and over the foreseeable future,traditional capitalism throughout most of the world has been thrown on a defensive from which it is doubtful that it can never recover.

It is popular to call it a crisis of the Western world. It is in fact a crisis of the whole world. Communism, which claims to be a solution of the crisis, is itself a symptom and an irritant of the crisis.