Problem Quotes

I believe the Chinese are gradually realizing that they’re dependent on the system that, as they run out of energy, for example, they have to reach out to foreign sources for energy, for raw materials. They have to reach out to the world for markets. They have to export. They have to maintain full employment. They’ve got a terrible population problem. So they need a stable world, in a way.

If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it’s not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.

While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor is really that they are not included in globalization. For them, the success of their own countries at becoming part of this international division of labor would be good news.