Ha-Joon Chang Quotes:
Ocupation: Economist
Life: b. October 7, 1963
Birthday: October 7
The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies - not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract.
source: "The root of Europe's riots" by Ha-Joon Chang, www.theguardian.com. September 28, 2012. 
topic: People, Political, Democracy, Social Contract, Downward Spiral, Backdoor
