Academics are mostly professionals, involved in their work and other concerns of their own, with no particular interest in the workings of the ideological system.

Putting it in plain terms, the general public must be reduced to its traditional apathy and obedience, and driven from the arena of political debate and action, if democracy is to survive.

In a capitalist system, there's a principle that if you invest, especially in a long-term risky investment, if something comes out of it, you're supposed to get the profit. It doesn't happen in our system. The taxpayer paid for it and gets nothing - assumes all of the risk, gets zero. The money goes into the pockets of Bill Gates and Steve Jobs, who are ripping off decades of work in the public sector.

[Mikhail] Gorbachev complained. He was told look, there's nothing on paper. People didn't actually say it but the implication was look, if you are dumb enough to take faith in a gentleman's agreement with us, that's your problem. NATO expanded to East Germany.

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.

The local grocery store was a gathering, a community place. You knew the owner, if you didn't have any money they'd let you go for a couple days. You talked. It was a friendly place. Supermarkets are totally impersonal. I mean, you may say hello to the checkout girl or something, but the personal connections are all gone.