Quotable: Kieran Bonner on the banality of evil

“We are not suffering from a secret cabal of evil masterminds who plotted to bring down the world economy. The problem was not secrecy. On the contrary, the ballooning debt of the last 20 years, the massive student levels of student debt, the internet bubble, the real-estate bubble, the rise of speculation, the replacement of pensions with market-oriented retirement investing—none of these were secrets. Plenty of smart people warned us that we were walking on thin air, but we chose, collectively, not to listen.”

— Kieran Bonner, Hannah Arendt Center for Politics and Humanities

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