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No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy

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Linsey McGoey

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“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.”

ScienceCapitalismEconomicsBoundariesRegulationFree Markets
Book:23 Things They Don't Tell You About Capitalism
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“To appreciate how income taxation reduces prosperity form what it could be, imagine a 100 percent tax on incomes. We wouldn't expect much prosperity in such a society. People would have no incentive to earn money. They would devote resources to hiding the little they did earn. No investments would be made. No savings would exist to increase living standards. People's activities would be grossly influenced by the tax. If we lower the rate from 100 percent, the principle does not change. . . If you want less of something, tax it.”

LibertyEconomicsLibertarianRegulationIncome Tax
Book:Your Money or Your Life: Why We Must Abolish the Income Tax
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“Markets are voting machines; they function by taking referenda. In the new world money market, for example, currency values are now decided by a constant referendum of thousands of currency traders in hundreds of trading rooms around the globe, all connected to each other by a vast electronic network giving each trader instant access to information about any factor that might affect values. That constant referendum makes it much harder for central banks and governments to manipulate currency values.”

RegulationMarkets
Author:Walter B. Wriston
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“So Eurodollars were in one sense dollars like any other, but in another sense they were different because they had escaped into a market outside government control, where they could behave freely. It’s a bit like taking someone from their family home in the suburbs to a wild part of town and offering them whisky and cocaine. They are the same person but also different – more fun but also more irresponsible.”

FinanceRegulationEurodollars
Book:The Finance Curse: How Global Finance Is Making Us All Poorer
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“They have not the slightest awareness of how restricted their idea of "universality" is and of how few they are thinking when they talk about "everybody" and "anybody". Their universalism is a fellowship of the elite - of the elite as formed by absolutism. There is hardly a rule or a requirement of classicistic aesthetics which is not based on the ideas of this absolutism. The desire is that art should have a unifor character, like the state, should produce the effect of formal perfection, like the movement of a corps, that it should be clear and precise, like a decree, and be governed by absolute rules, like the life of every subject in the state. The artist should be no more left to his own devices than any other citizen; he should rather be guided by the law, by regulations, so as not to go astray in the wilderness of his own imagination.”

CensorshipRegulationUniversalityBaroqueEverybodyNo Body
Book:The Social History of Art: Volume 2: Renaissance, Mannerism, Baroque
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