Virtue Hoarders Quotes

“The economic crisis and subsequent bailout exacerbated inequality by every metric and did not lead to significant reform of the financial sector. Bailed-out banks continued to foreclose on the homes of working-class families while refusing to make new loans to creditworthy borrowers. Under an Ivy League–educated African American president, African American family wealth had collapsed. In fact, it is common knowledge that African American and Latino homeowners were hit hardest by the 2008 financial crisis: by 2018, an African American family owned $5.00 in assets for every $100.00 owned by white families.6 Obama’s identity politics did not translate into economic policies that benefited minorities and working-class people.”
― Catherine Liu, Virtue Hoarders: The Case against the Professional Managerial Class

“The novel predicted the triumphs of the post-1968 PMC: the moral rectitude of the virtuous lawyer and his high-spirited daughter renders the solution to racism attractive to the establishment—work on individual capacities for empathy and walking in another human being’s shoes; read books; have righteous feelings. To Kill a Mockingbird was an extraordinarily effective piece of Cold War anti-Communist propaganda: based on a liberal fantasy that antiracism is about good white people defending helpless black people against bad (poor) white people, it created an image of American liberalism that was a powerful tool for winning hearts and minds at home and around the world.”
― Catherine Liu, Virtue Hoarders: The Case against the Professional Managerial Class

“In the United States, generations of allegedly neutral experts have hollowed out public goods, degraded the public sphere, facilitated the monetization of everything from health to aptitude, and indebted generations of Americans in a fantasy of meritocracy enhanced social mobility. Liberals have sat by while finance capital and corporate interests gutted the public treasury.”
― Catherine Liu, Virtue Hoarders: The Case against the Professional Managerial Class