laissez-faire capitalism, globalization is a very thin rationale for unmitigated greed by a tiny oligarchic elite. And they have made sure that that ideology is taught in universities across the country. And people, especially economists, who deviate from that ideology have been pushed aside, and become pariahs. And yet the driving ethos of that ideology is really to justify the hoarding of immense amounts of wealth by a very tiny percentage of the upper ruling class." - Meaning and context.">
Chris Hedges, interviewed by Paul Jay, “The Pathology of the Super-Rich” November 23, 2014 (12:07)
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The whole notion of the free market, laissez-faire capitalism, globalization is a very thin rationale for unmitigated greed by a tiny oligarchic elite. And they have made sure that that ideology is taught in universities across the country. And people, especially economists, who deviate from that ideology have been pushed aside, and become pariahs. And yet the driving ethos of that ideology is really to justify the hoarding of immense amounts of wealth by a very tiny percentage of the upper ruling class.

— Economist

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The whole notion of the free market, laissez-faire capitalism, globalization is a very thin rationale for unmitigated greed by a tiny oligarchic elite. And they have made sure that that ideology is taught in universities across the country. And people, especially economists, who deviate from that ideology have been pushed aside, and become pariahs. And yet the driving ethos of that ideology is really to justify the hoarding of immense amounts of wealth by a very tiny percentage of the upper ruling class." in the context of "Chris Hedges, interviewed by Paul Jay, “The Pathology of the Super-Rich” November 23, 2014 (12:07)" to mean that wisdom is timeless.

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Source: Wikiquote: "Economist" (Quotes: Quotes are arranged alphabetically by author, G - L) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Economist

About Economist

An economist is a practitioner in the social science discipline of economics.