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Quote by Niccolo Machiavelli

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Niccolo Machiavelli
Niccolo Machiavelli

Niccolò Machiavelli was an Italian historian, political theorist, and philosopher who lived during the Renaissance. He is best known for his book 'The Prince,' which delves into the concepts of power, political tactics, and the art of rule. more

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“In a Bloomberg poll, 88% of respondents said that Wall Street bonuses should either be banned outright or taxed at 50%. Just 7% said they should remain an incentive. To put that 7% figure in perspective, 6% of Americans believe the moon landings were a hoax; 7% believe Elvis lives; 24% believe that Barack Obama is a secret Muslim; 41% believe in ESP; and 48% believe in creationism. Americans will believe anything, it seems-except the idea that incentivizing bankers at systemically important institutions to take big risks makes any sense at all.”

ShouldBelieveSaidImportantIdeasBigsSeemsSecretRiskStreetsFiguresPerspectiveWallMoonInstitutionsBarackIncentivesPollsBankersLandingBannedBonusCreationismHoaxesMoon LandingEsp
Author:Felix Salmon
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“It has been a masterful fight-back by the big banks. We the paying public can't do anything much except admit defeat and settle back for the next set of bills. In the meantime, perhaps, we should try and think of a name for the new economic system, which certainly isn't capitalism ... The most accurate term would probably be "bankocracy".”

ThinkingShouldTryingHas BeensBigsFightingNextNamesTermEconomicCapitalismBillsDefeatSettlingAccurateEconomic Systems
Author:John Lanchester
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