Quote of the week

“Neo-liberal pro-rich reform in the 1980s. According to World Bank data, the world economy used to grow in per capita terms at over 3 per cent during the 1960s and 70s, while since the 1980s it has been growing at the rate of 1.4 per cent per year”

– Ha-Joon Chang – Faculty of Economics and Politics, University of Cambridge

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Quote of the week – Free markets and democracy

“And so, the balance of business expenditures shifts from product research to market research. The television commercial has oriented business away from making products of value and toward making consumers feel valuable, which means that the business of business has now become pseudo-therapy.”

– Neil Postman