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Sometimes it is in the long-run interest of the business…

“Sometimes it is in the long-run interest of the business sector to restrict the freedom of individual firms so that they do not destroy the common pool of resources that all of them need, such as natural resources or the labour force.” quote by Ha-Joon Chang
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““Sometimes it is in the long-run interest of the business sector to restrict the freedom of individual firms so that they do not destroy the common pool of resources that all of them need, such as natural resources or the labour force.””

Ha-Joon Chang

About This Quote

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

Restricting individual firm freedom can protect shared resources essential for all.

In simple terms: Balance freedom with collective resource protection.

Key Takeaway

Regulate to preserve commons.

Themes

economics environment collective welfare regulation

Mood

analytical concerned

Type

academic policy‑oriented

When to use this quote

  • industry standards
  • environmental law
  • corporate strategy

Key Concepts

resource economics public policy

Questions to Reflect On

  • How can businesses balance profit and common good?
  • What limits should be placed on firm autonomy?
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