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The rich nations of the world are acting like ancient usurers, lending money to the desperate poor on terms that cannot possibly be met and, thus, steadily acquiring more and more control over the lives and assets of the poor.

William Greider

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William Greider
Age: 83 †
Born: 1936
Born: August 6
Died: 2019
Died: December 25
Author
Editor
Journalist
Writer
Cincinnati
Ohio
William Harold Greider
Money
Terms
Acquiring
Cannot
Control
Steadily
Like
Rich
Assets
Term
Desperate
World
Nations
Possibly
Acting
Mets
Poor
Thus
Lives
Ancient
Lending

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Everyone's values are defined by what they will tolerate when it is done to others.
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The scandalous question that hangs over modern government and excites perpetual outrage is about political money and what it buys. What exactly do these contributors get in return for the hundreds of thousands, even millions of dollars they funnel to the politicians?
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People know elections, like television commercials, are not real.
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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
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Creating a positive future begins in human conversation. The simplest and most powerful investment any member of a community or an organisation can make is to begin with other people as though the answers mattered.
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Fellow senators balked at punishing Senator Alfonse D'Amato of New York though he was caught in a series of transactions that earned him the label Senator Sleaze. D'Amato explained their reluctance as he defended his own behavior. There but for the grace of God go most of my colleagues, he said.
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If one benefits tangibly from the exploitation of others who are weak, is one morally implicated in their predicament? Or are basic rights of human existence confined to the civilized societies that are wealthy enough to afford them? Our values are defined by what we will tolerate when it is done to others.
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Efficiency obliterates identity
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Democracy is held captive, not just by money, but by ideas - the ideas that money buys.
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
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If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
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If we have wealth, it will be protected from inflation and possibly even enhanced in value.
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A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?
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Democracy begins in human conversation. A democratic conversation does not require elaborate rules of procedure or utopian notions of perfect consensus. What it does require is a spirit of mutual respect-people conversing critically with one another in an atmosphere of honesty and shared regard.
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The point is, the political reporters are the ones who no longer understand the ritual they are covering. They keep searching for political meanings in the tepid events when a convention is now essentially a human drama and only that.
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In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
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Money is power in American politics. It always has been.
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Leaks and whispers are a daily routine of news-gathering in Washington.
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Americans cannot teach democracy to the world until they restore their own.
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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
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