“Unless there is a decentralisation of power, in the financial markets and in politics, then there can be no negotiations that can transform the present system of domination. Domination by the rich of the poor, by the educated of the uneducated, by the City of the country. Perhaps a simpler but more controversial way of putting it is that the German economy, with workers on the boards, regional banks, vocational labour market entry and co-determined pension funds has proved to be more capable of producing goods than ours. Their system is based upon subsidiarity and vocation, the cornerstones of the Christian inheritance. Secular modernity is not working. It is inappropriate for our times. Here’s a new paradox: Modernity is out of date.”

— Maurice Glasman, Baron Glasman

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Unless there is a decentralisation of power, in the financial markets and in politics, then there can be no negotiation…" by Maurice Glasman, Baron Glasman?

Maurice Glasman, Baron Glasman 49

British philosopher 1961

Related quotes

“The big thing that happened in the early to mid-90s was the last big discussion about political economy. Roughly speaking we went for endogenous growth, for flexible labour markets and the financial sector, and that was considered modern. The book that I wrote at that time was arguing that the German system – which had worker representation on boards, very strong vocational training, regional banks, very strong federal forms of democratic government – was actually better suited to globalisation because it preserved knowledge, trust, institutions, skills … Now, I think the results of our experiment are in and we really got it wrong.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Interview with Independent Labour, 11 November 2011 http://www.independentlabour.org.uk/main/2011/11/11/a-conversation-with-maurice-glasman-part-1/

“Apple's fans are more interested in spending money than they are with facts. … That the lackluster iPhone 4S can sell so well in a market dominated by more capable Android handsets (not to mention Windows Phones) only bolsters that notion.”

Paul Thurrott (1966) American podcaster, author, and blogger

Apple Sells 4 Million iPhone 4S Handsets at Launch http://windowsitpro.com/windows/apple-sells-4-million-iphone-4s-handsets-launch in Windows IT Pro (17 October 2011)

“Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 4 : Societies and Economic Systems

“Perhaps more striking is the accuracy of many of Marx’s best-known qualitative predictions about the tendencies of capitalist development: capitalism continues to conquer the globe; its effect is the gradual erasure of cultural and regional identities; growing economic inequality is the norm in the advanced capitalist societies; where capitalism triumphs, market norms gradually dominate all spheres of life, public and private; class position continues to be the defining determinant of political outlook; the dominant class dominates the political process which, in turn, does its bidding; and so on.”

Brian Leiter (1963) American philosopher and legal scholar

"The Hermeneutics of Suspicion: Recovering Marx, Nietzsche, and Freud"

“The more money to be made gaming the financial markets, the more people would decide they were put on earth to game the financial markets – and create romantic narratives to explain to themselves why a life spent gaming the financial markets is a purposeful life.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 266

“It can be argued that the U. S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“Workers are not going to be fobbed off with a few shares… or by a carbon copy of the German system of co-determination.”

Tony Benn (1925–2014) British Labour Party politician

Speech in Southampton (25 May 1971).
1970s

“We must say openly that the present economic system of the EU is a system of a suppressed market, a system of a permanently strengthening centrally controlled economy. Although history has more than clearly proven that this is a dead end, we find ourselves walking the same path once again. This results in a constant rise in both the extent of government masterminding and constraining of spontaneity of the market processes. In recent months, this trend has been further reinforced by incorrect interpretation of the causes of the present economic and financial crisis, as if it was caused by free market, while in reality it is just the contrary – caused by political manipulation of the market. It is again necessary to point out to the historical experience of our part of Europe and to the lessons we learned from it.”

Václav Klaus (1941) 2nd President of the Czech Republic

Speech in the European Parliament, on EU http://klaus.cz/klaus2/asp/clanek.asp?id=88EY96UW9zlp

“The most serious problems lie in the financial sphere, where the economy’s debt overhead has grown more rapidly than the ‘real’ economy’s ability to carry this debt. … The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Michael Hudson (economist) (1939) American economist

Financial Capitalism v. Industrial Capitalism http://michael-hudson.com/1998/09/financial-capitalism-v-industrial-capitalism/ (September 3, 1998)
Michael-Hudson.com, 1998-

“Making the rich poorer does not make the poor richer, but it does make the state stronger—and it does increase the power of officials and politicians, power more menacing, more permanent and less useful than market power within the rule of law. Inequality of income can only be eliminated at the cost of freedom. The pursuit of income equality will turn this country into a totalitarian slum.”

Keith Joseph (1918–1994) British barrister and politician

Keith Joseph, Stranded on the Middle Ground? Reflections on Circumstances and Policies (Centre for Policy Studies, 1976).
1970s

Help us to complete the source, original and additional information

Maurice Glasman, Baron Glasman 49

Related quotes

Related topics