Accumulation Quotes

“Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities of extra-European countries in the European, not to say world, process of accumulation and development. Moreover, they disregard the part that these productive and exchange relations played in the developing world system.”

“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.”

“…what have you accumulated from the past—what are you in the process of accumulating that will be passed on, if not deliberately, then accidentally? Is this accumulation the best of what has been and the best of what is currently being written, sung, and created? Is it wise? And if not, what will be the next generation’s inheritance, your children’s legacy?”

“Only the unlimited accumulation of power could bring about the unlimited accumulation of capital.”

“To know is to memorize.To understand is to utilize.The accumulation of knowledge is learnedness.The accumulation of wisdom is experience.”

“With each passing moment I'm becoming part of the past. There is no future for me, just the past steadily accumulating.”

“When we can't let go of the past, painful moments accumulate in us; metastasizing in our consciousness like an emotional cancer.”

“Jewish families encourage pursuit of wealth accumulation, high-income careers, and investing.”

“To witness miracles unfold in your experience, count your blessings and be thankful. Perceived small blessings accumulate to be the most powerful.”

“Karma is often wrongly confused with the notion of a fixed destiny. It is more like an accumulation of tendencies that can lock us into particular behavior patterns, which themselves result in further accumulations of tendencies of a similar nature... But is is not necessary to be a prisoner of old karma.”