Global Economic Crisis Quotes & Sayings

Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world. — Kathleen Parker

Good quote: Lee was thirty-nine, still what we would consider a fairly young man, but for the dog-for all dogs- time dashes forward at a speed we humans can hardly perceive, until the day we realize that the puppy is no longer a puppy and has outpaced us. And yet a part of us lags behind, still seeing that old dog as a young dog even when he is standing at life's finish line.(less) — Susan Orlean

After analyzing our current crisis and studying well-established
historical precedents, I must conclude that the global bankers have
only three possible cards left to play.
The first is admitting culpability and working to restore the
American economic engine to its free-market potential. History has
taught us that the ruling class rarely admits error and never concedes
power.
The second is to foment so much civil unrest and fear that the
general population will be clamoring for a global dictator who will
provide them food, shelter, and security in exchange for their individual
freedom and sovereignty. I see the emerging militancy of the
labor union movement playing right into this scenario.
The final play is global conflict where they can try and control
the outcome by means of funding both sides. — Ziad K. Abdelnour

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully. — Lee Myung-bak

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. — Nouriel Roubini

Since the global economic crisis began, the change in global attitudes is clear to see - and I think it is pitiful. Barack Obama came to China and he is probably the only president of the United States never to mention the words 'human rights' in public. — Ai Weiwei

Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of additional growth in rich countries, such as global warming, biodiversity loss and roadways choked with cars, now likely exceed marginal benefits of a little extra consumption. The end result is that promoting further economic growth makes us poorer, not richer. — Herman E. Daly

Vladimir Putin shot out of obscurity in 1999 by exploiting growing nostalgia for the USSR, fueled by the disappointment, uncertainty and crisis that brought Yeltsin's reform era to a shuddering halt. Once in power the following year, Putin set about building an authoritarian regime whose control would expand for more than a decade, until soaring corruption on top of another economic downturn - a much smaller one, triggered by the global financial crisis of 2008 - prompted another backlash. — Gregory Feifer

I'm not one for blaspheming, but that one made me laugh. — Morgan Freeman

Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008. — Said Elias Dawlabani

The current economic crisis ... has numerous causes and sends a powerful message about the need for a profound revision of the model of global economic development. It's an acute symptom that is added to other more grave and already well-known ones, such as the continued imbalance between wealth and poverty, the scandal of hunger, the ecological emergency and the problem of unemployment, which has now become general. In this context a strategic re-launching of agriculture appears decisive. — Pope Benedict XVI

In 2009, at the height of the global economic crisis, it was clear that we were seeing something new: the impacts of the crisis were flowing across borders at unprecedented velocity. — Ban Ki-moon

Carolyn Maloney has extensive - she's shown over and over again her creativity, her determination, her tenacity in fighting for women's rights. She has passed a host of bills in many different areas, both national and global, with both national and global importance for women, and she's on a Chair of Finance Committee so essentially in this economic crisis, we thought she would be perfect. — Eleanor Smeal

It's easy to see why politicians would be drawn to the populist pose. First, it makes everything so simple. The economic crisis was caused by a complex web of factors, including global imbalances caused by the rise of China. But with the populist narrative, you can just blame Goldman Sachs. — David Brooks

It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident. — Charles Ferguson

Vassals of an outdated ideology unrelated to the real world, they can, when questioned on this issue, only mumble neoliberal mantras that have delivered the world economic stagnation, rising inequality and global environmental crisis — Richard Flanagan

Well, it's a problem in general with the American military. If you are the biggest and the strongest military power in the world, you have this natural reluctance to learn the quirky ways of the natives in faraway lands. — Yaroslav Trofimov

If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat? — Thomas Friedman

So every dollar spent on finding some gene or hormone to explain why becoming fat is not because of sugary drinks, fried foods or unchecked gluttony is a dollar not spent on getting food for the hungry, vaccines for babies, shelter for the homeless. But the rules are made by the ones in power, these neo-Brahmins, and we must follow them if we want to survive in this global village. — Anirban Bose

I was rejected in school because I didn't look like the big-breasted, beautiful girls. I was awkward and sad. My mother always said, "Be original!" but I didn't understand until I changed to be like everyone else. — Sandra Bullock

Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian. — Karl Lagerfeld

Here at home, ... while the most likely scenario remains solid growth and low inflation
subject to the usual ups and downs
certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being. — Robert Rubin

To maintain, in this new situation, the old missionary attitude is not merely inexcusable but positively dangerous. In a world threatened with nuclear war, a world facing a global ecological crisis, a world more and more closely bound together in its cultural and economic life, the paramount need is for unity, and an aggressive claim on the part of one of the world's religions to have the truth for all can only be regarded as treason against the human race. — Lesslie Newbigin

Women's struggle for equality worldwide is about more than equality between men and women. Our struggle is about reversing the trends of social, economic, political, and ecological crisis - a global nervous breakdown! Our struggle is about creating sustainable lives and attainable dreams. — Bella Abzug

Manufactured
synthetic
even virtual, if that is what you turned out to be
I would love you. — Sharon Shinn

The primary near-term security concern of the United States is the global economic crisis and its geopolitical implications. — Ziad K. Abdelnour

More than ever before, we need to learn and apply the principles of economic self-reliance. We do not know when the crisis involving sickness or unemployment may affect our own circumstances. We do know that the Lord has decreed global calamities for the future and has warned and forewarned us to be prepared. For this reason the Brethren have repeatedly stressed a 'back to basics' program for temporal and spiritual welfare. — Ezra Taft Benson

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

If we are to maintain our position as a global economic leader, we've got to end the govern-by-crisis mentality that sets us back instead of moving us forward. — Scott Peters

Only through the struggle of the working class, the main revolutionary force in modern society, can a progressive solution be found to the crisis created by the breakdown of capitalism. The working class is revolutionary because 1) it is the principal productive force in society; 2) the historical and political logic of its resistance to capitalist exploitation and oppression leads to the abolition of private ownership of the means of production, the replacement of the profit motive with the satisfaction of social needs as the driving principle of economic life, and the realization of genuine social equality among all people; and 3) it is an international class whose victory will break down the barriers of national states and unite humanity in a truly global community devoted to the protection and development of its common home, the Earth. — Anonymous