A fierce and sentimental addiction to forms makes us shudder at change. It is much easier to say that the system is all right-only the people need to be improved.
Charles FergusonI used to be a businessman and I enjoyed what I did and I thought that it was socially useful. I don't have anything against business or private enterprise or capitalism per se, but I think that it is time to rethink the regulation of capitalism.
Charles FergusonIf allowed to continue, this process will turn the United States into a declining, unfair society with an impoverished, angry, uneducated population under the control of a small, ultrawealthy elite. Such a society would be not only immoral but also eventually unstable, dangerously ripe for religious and political extremism.
Charles FergusonAny attempt to disturb the deadly routine of instruction is looked upon as sabotage. And the notion that the aims and functions of education should be determined in the local community by a close and continuous discussion among students, faculty, administration, and citizens is so visionary that it is not even seriously considered.
Charles FergusonI'm actually all in favor of freeing the entrepreneurial spirit - but it turns out, interestingly, that you actually need very strict regulations to free the entrepreneurial spirit.
Charles FergusonIt 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