Politics

In reality- the financial markets are a critical part of our global infrastructure, as much as energy, food, and communications. For any country to remain globally competitive, their financial industries must be so- as they provide the lifeblood (money) for investment in the ideas and infrastructure which will build a nation.

By creating public scapegoats of an entire industry- politicians are doing more to harm the future growth of our nation than any other economic policy.

The people in the advanced countries now face a choice: we can express justified horror, or we can seek to understand what may have led to the crimes. If we refuse to do the latter, we will be contributing to the likelihood that much worse lies ahead.

Renowned Linguist & Political Activist, Critic of US Foreign Policy

Nuclear weapons continue to be built for basically two reasons: power and prestige. In almost every case where a country has decided to acquire a nuclear weapon they have done it either for power—the power to protect their country from external threats or a desire to project their power in the region.

Nuclear weapons expert and president of the Ploughshares Fund.

Even though we still have approximately twenty thousand hydrogen bombs in the arsenals of the United States and Russia (many of them ready to use at a moment's notice) the two risks that most experts think are the greatest and most likely are the risks of a single bomb being used by a terrorist group or the risk of a regional war involving dozens of weapons.

Nuclear weapons expert and president of the Ploughshares Fund.

By the time the bomb was completed, that kind of carnage had become common place in World War II and the atomic bomb was then seen as little more than a bigger firebomb—the kind that been used on Tokyo and Dresden.

Nuclear weapons expert and president of the Ploughshares Fund.

Nuclear weapons were invented out of fear. The United States was afraid that Hitler was developing an atomic weapon, and they had to get one to deter him from ever using it. When the U.S. Manhattan Project that built the bomb began, no-one ever thought we would use a weapon like this; it was considered beyond the pale—a weapon that would indiscriminately kill hundreds of thousands of innocent men, women, and children.

Nuclear weapons expert and president of the Ploughshares Fund.

At its core lies a universal crisis of legitimacy of the state, and that crisis means many countries will evolve Fourth Generation war on their soil. America, with a closed political system and a poisonous ideology of multiculturalism, is a prime candidate for the home-grown variety of Fourth Generation war.

As two adversaries accumulate a longer history of conflict, their rivalry relationship tends to become 'locked-in' or entrenched, with future conflict becoming increasingly difficult to avoid; characteristics of their past confrontations can hasten or reverse this movement toward rivalry.

In the Fourth Generation war, the state loses its monopoly on war. All over the world, state militaries find themselves fighting non-state opponents such as al-Qaeda, Hamas, Hezbollah, and the Revolutionary Armed Forces of Colombia. Almost everywhere, the state is losing.

We must act now, before we reach economic checkmate.

Every nation is dependent on every other to shore up the system, and there are few (if any) instances where a country is fully shielded against the default of another.

The last quarter century of globalisation has utterly transformed how our markets and nations do business. With that in mind, we have to appreciate that our economies not only provide profound benefits and wealth-creation opportunities, but also hold very real (and untended) existential threats to the livelihoods of billions of citizens.

We can see, therefore, that sovereign debt has a systemically important role in the stability of the global economy, the economies of individual states and even the very peace of a country. To be able to then treat this as a market instrument- while appropriate at a time when capital flows were gentile and considered- is clearly not when we can write $2 trillion or more from an entire economy in a matter of seconds.

Increasingly heavy-handed purges of crime will simply move perpetrators into different industries, increase the severity of crime, or create extremist groups. There is very little more dangerous in the world than individuals with nothing to lose.

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The absolute focus must be on reducing inequality. This means creating strategies which provide economic opportunity - investing in industries that provide employment rather than profit, investing in education, and providing a fairer deal for those who form the labour force.

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