Quotes: Socio economic reality

Here are the persuasive five quotations have been taken from different sources to underline the socio-economic reality of the today’s World,

In 1970, £10 out of each £100 of profits were typically paid to shareholders through dividends. Today, however, that figure was between £60 and £70, that left far less cash available for growth-boosting investment and that firms risked “eating themselves”. – Andy Haldane, Chief Economist of Bank of England, (BBC)

♦ The ill intention of super managers, wolf of wall street, footballers and billionaires who are competing to accelerate their income whereas majority of the people are the loser.  The super-rich do not produce the ‘‘wealth’’ but get highest salary from it. This is an absolute form of theft.’’ Thomas Piketty, author of Capital of the 21st Century

♦ We can either have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Louis Brandeis,U.S. Supreme Court Justice (1856-1941)

♦ Any city, however small, is in fact divided into two, one the city of the poor, the other of the rich; these are at war with one another.” Plato ,Greek philosopher (427-347 B.C.)

♦ There are a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave… This is a factor in income inequality. Alan Greenspan, American economist,