"Austerity measures constitute retrogression in human rights, in contravention of articles 2 and 5 of the International Covenant on Economic, Social and Cultural Rights, imposed top-down and never legitimized by popular referendum. Moreover, the “bail-out” of the banking system was undemocratic and inequitable because a “private debt” was rescued through public money, namely, by increasing the public debt, at the expense of social justice. The general feeling of malaise was expressed in the statement that Governments seem to have adopted the elitist view that “banks are too big to fail and bankers too big to jail”, concern being expressed about the dangers of privatization of essential services, including water, and the widespread phenomenon of privatizing profit and socializing cost."
React to this quote
More by Alfred-Maurice de Zayas
See allResonant Thoughts
"No matter how much people are willing to pay, three will never be the square root of six. Similarly, segregation is a national curse and the fact that we are willing to pay for it does not make it bet…"
"In a loosely coupled system there is more room available for self-determination by the actors. If it is argued that a sense of efficacy is crucial for human beings. ihen a sense of efficacy might be g…"
Explore Further
Related Quotes
"We must raise the quality of government service. We must work together and help one another to forge into r…"
— Francis Escudero"Islam prescribes the bases of social justice. It insures that the poor have claims on the possessions of th…"
— Sayyid Qutb"The biblical system of punishment is just perfect. It's perfect and we are doing nothing similar to the bib…"
— Kent Hovind"I have what I think is an extremely Indian relationship with God....In Moscow before the tie breaker of the…"
— Viswanathan Anand"Of course, such judicial misconstruction theoretically can be cured by constitutional amendment. But the pe…"
— Robert H. Jackson"It is an inevitable law that a man, in spite of himself, should live for something higher than his own happ…"
— Edward Bulwer-Lytton