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Crisis Quotes

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Crisis Quotes

“The reason territorial monarchs failed time after time against maritime powers was not that absolutist, non-consensual governments were incapable of building great fleets in peace - quite the reverse - but that they were unable to fund them in the crises of war. Mainly this was because they were forced to divert resources from the fleet to their armies, to fight territorial rivals frequently financed by their maritime enemy from the profits of sea trade.”

“The climate, financial and national security crises are all connected. They share the same cause: Our [the USA's] absurd dependency on foreign oil. As long as we need to spend billions of dollars each year to buy foreign oil from state-run oil companies in the Persian Gulf, our problems of a trade deficit, a budget deficit and a climate crisis will persist.”

“I have no doubt that there will continue to be bumps, some serious crises indeed in our relationship with China.... Neither membership in the WTO nor normalized trade relations with the United States will magically impose the rule of law on China or institute deep-seeded respect for human rights. But it certainly has potential to advance those purposes.”

“I don't have support. Not me ; all Syria. Every agreement is between every class and every sector in Syria ; government, people, trade, military, culture, everything ; it's like the cooperation between your country and any other country in the world. It's the same cooperation. It's not about me ; it's not support for the crisis.”

“We spoke about economic sanctions only recently in Lima, within the framework of APEC. Almost all the leaders represented at APEC (the Asia Pacific region), Pacific countries, spoke about the same thing, namely, that we are going through a very acute crisis in world trade, international trade, related, among other things, to restrictions on the markets of certain countries.”

“When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.”

“Each powerful player, or coalition of players, will make concessions in areas where it has relatively less at stake in exchange for other such players making reciprocal concessions in other areas where it has relatively more at stake. Such trades are collectively rational insofar as they get each of the powerful players more of what it wants. But such trades are also dangerous because the whole international rule-system will become incoherent and therefore vulnerable to crises that will continue to become increasingly severe.”

“We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic.”