Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.
State
The rulers of the state are the only persons who ought to have the privilege of lying, either at home or abroad; they may be allowed to lie for the good of the state.
The State is the altar of political freedom and, like the religious altar, it is maintained for the purpose of human sacrifice.
Grave security concerns can arise as a result of demographic trends, chronic poverty, economic inequality, environmental degradation, pandemic diseases, organized crime, repressive governance and other developments no state can control alone. Arms can’t address such concerns.
Governing is one thing, campaigning is another – and the latter becomes far more pronounced in an election-year State of the Union.
First, then, State Socialism, which may be described as the doctrine that all the affairs of men should be managed by the government, regardless of individual choice.
What one state could not get alone, what one miner against a powerful corporation could not achieve, can be achieved by the union.
I’d propose that each central-city child should have an entitlement from the state to attend any school in the metropolitan area outside his own district – with per pupil funds going with him.
Things of this world are in so constant a flux, that nothing remains long in the same state.
Never be lucid, never state, if you would be regarded great.