Bankruptcy Quote by Joseph Stiglitz

The roots of the crisis in East Asia were in private sector decisions. The biggest problems were the misallocation of investment, most notably to…

— Joseph Stiglitz

Workers' rights should be a central focus of development.

— Joseph Stiglitz

“Bankruptcy cleans out the system. What’s wrong with that? South Korea went through this in the late 1990s. They didn’t have anyone to bail…

— Ziad K. Abdelnour

The workers of the nation were tired of waiting for corporate industry to right their economic wrongs, to alleviate their social agony and to…

— John L. Lewis

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international…

— Jeffrey Sachs

Countries were told they had no incentives because of social ownership. The solution was privatization and profit, profit, profit. Privatization would replace inefficient state…

— Joseph Stiglitz

“Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never…

— Yanis Varoufakis

“...during the Asian financial crisis the United States and other Western countries demanded that the Asians take three steps--let bad banks fail, keep spending…

— Fareed Zakaria

“In the late 1970s, growth in Western economies began to slow down and returns on capital began to decline. Governments came under pressure to…

— Jason Hickel

How can human rights be ever developed for the majority of Chinese people? The only way is to organize. To organize workers, peasants, merchants,…

— Sun Yat-sen

“THE CONTRAST OF South and North Korea, and of the United States and Latin America, illustrates a general principle. Inclusive economic institutions foster economic…

— Daron Acemoğlu

“Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money…

— Yanis Varoufakis