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  The Common Good
BOOK DETAILS
ParentParent   
TitleThe Common Good
ASIN1878825089 - Purchase This Book
CategoryBusiness/Economics
ContributorCraverguy
Last ModifiedCraverguy - December 07, 2008 05:08am
DescriptionA brilliant and penetrating look at the US and the world, from the man the New York Times called "arguably the most important intellectual alive." Here are a few excerpts:

* James Madison believed that the primary goal of government is "to protect the minority of the opulent against the majority." As his colleague John Jay was fond of putting it, "The people who own the country ought to govern it."

* As happened almost everywhere in the Third World, Brazil's generals, their cronies and the super-rich borrowed huge amounts of money and sent much of it abroad. The need to pay off that debt is a stranglehold that prevents Brazil from doing anything to solve its problems.

But if I borrow money and send it to a Swiss bank, and then can't pay my creditors, is that your problem or mine? The people in the slums didn't borrow the money, nor did the landless workers.

In my view, it's no more the debt of 90% of the people in Brazil than it is the man in the moon's. Let the people who borrowed the money pay it back.

* Investment is supposed to be as risk-free as possible. No corporation wants free markets -- what they want is power.

* This is a business-run, huckster society, and its primary value is deceit.

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