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"It became obvious that we had completely failed to impose rules on unbridled speculative capitalism. That destroyed financial systems, hollowed out state systems and deeply shook German social stability. Can you recall the debate about "locust" hedge funds - even if it's a terrible term. The speculator capitalists roamed the land, stealing the substance from companies and throwing away the shells. And we were powerless."

— Martin Schulz
martin schulz Quotes Powerless,Financial,Debate

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Martin Schulz
Powerless
Financial
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Stealing
Fund
Capitalism
Capitalist
Stability

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In 2003, Helmut Schmidt said: Predatory capitalism exists, we have to civilize it and we can do that via Europe. He was right. We haven't tried hard enough.

— Martin Schulz

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India has the largest number of hungry people. Yet it's an outcome of precisely the same mechanism. It's the control of agriculture that drives down the price it paid for food that it buys from farmers, who are the poorest people. Then you're paying very little for food. You're underpaying the poorest people in any society. Then they're marketing to us the things that are most profitable to them. And those are the things that are packaged and processed and what-have-you. That means you have the simple thing of the explosion of obesity and hunger as a result of capitalism in our food system.

— Raj Patel

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