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I'm in favor of inequality if it comes about from people…

“I'm in favor of inequality if it comes about from people making great innovations that make us all better off. And I think those people deserve to be rich. But the people who get rich by lobbying the Congress to give them special protections that come out of the hides of the workers seems to be a…” quote by Angus Deaton
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“I'm in favor of inequality if it comes about from people making great innovations that make us all better off. And I think those people deserve to be rich. But the people who get rich by lobbying the Congress to give them special protections that come out of the hides of the workers seems to be a bad idea.”

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.

Innovation-driven wealth is justified, but wealth from political lobbying is unethical.

In simple terms: Innovation rewards wealth; lobbying does not.

Key Takeaway

Support fair economic policies.

Themes

wealth inequality innovation politics

Mood

critical thoughtful

Type

analytical policy

When to use this quote

  • policy making
  • business strategy
  • public discourse

Key Concepts

ethics economic theory

Questions to Reflect On

  • How can societies reward innovation without fostering inequality?
  • What safeguards prevent lobbying from distorting markets?
A Different Perspective

Innovation alone may not address systemic inequality.

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