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Businesses have moved from doing business to doing…

“Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.” quote by Angus Deaton
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“Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.”

Angus Deaton

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Corporations prioritize influencing policy over providing goods, eroding market integrity and public trust.

In simple terms: Businesses focus on lobbying instead of serving customers.

Key Takeaway

Demand transparency and accountability in corporate actions.

Themes

economics politics ethics

Mood

critical concerned

Type

analytical thought‑provoking

When to use this quote

  • policy debates
  • shareholder meetings
  • media analysis

Key Concepts

corporate governance regulatory capture public policy

Questions to Reflect On

  • What mechanisms can curb undue corporate influence?
  • How does lobbying affect consumer welfare?
A Different Perspective

Lobbying can also drive positive reforms.

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