The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Interpretation
High unemployment among youth in the Middle East can lead to political unrest.
This quote highlights the critical situation in the Middle East, where a large number of young people are entering the job market without sufficient employment opportunities. This frustration stemming from unemployment and hunger is likely to manifest in the political domain, potentially leading to instability and conflict as the youth demand change and better conditions.
In practice
During a seminar on economic development, one could quote this to emphasize the urgent need for job creation.
I have the responsibility of over four million people, and I am in a position to do good, to be able to bring about a new life for my people, and I will continue to move in that direction. It's a burden, but it needs to be done, and you have to have the courage and wisdom to see it through.
You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.
Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.
The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
Prosperity cannot be restored by raids upon the public Treasury.
I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.
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