“Karl Marx said it right. At some point capitalism can self-destruct itself because you cannot keep on shifting income from labor to capital without having excess capacity and a lack of aggregate demand”.
Nouriel Roubini, Economics Professor at New York’s Stern School of Business, who predicted the subprime mortgage crisis
“There’s a growing realisation that we are in a bit of a hole”.
Tim Hodgson, head of Towers Watson think tank
“The problems are pretty serious and deep, and let’s face it, there has not been any concrete proposals so far”.
Rajiv Jain, a New York-based money manager who oversees about $15 billion at Vontobel Asset Management, thinks governments have no answer to the economic crisis
“We can be confident about one hypothesis—few if any of the rioters own their own homes… Property ownership, and for most of us this means home ownership, is the key to creating a law-abiding society.”
Alan Moran from the right-wing think tank the Institute of Public Affairs explains what he thinks is behind the London riots
“If riot info and fear is spreading by Facebook & Twitter, shut them off for an hour or two”.
British Tory MP Louise Mensch takes a leaf from former Egyptian dictator Hosni Mubarak’s book on containing civil unrest
“They got away with a lot more than a few fucking pairs of trainers.”
Comedian Russell Brand targets the real looters in the UK—the bankers
“Mr Murdoch has never asked any journalist to do anything improper.”
A News Limited spokesperson convinces nobody
“It is simply a political tool to undermine the last bastion of bourgeois morality—the traditional nuclear family.”
Miranda Devine admits her real reasons for opposing same-sex marriage