Characteristics Quote by Alan Greenspan
“Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.”
About This Quote
Source Speech: Economic Forum, 1998
Corruption is a universal human flaw; economies succeed by minimizing it, not eliminating it.
In simple terms: Corruption is universal; control it.
Key Takeaway
Implement strong safeguards and transparency.
Themes
economics
ethics
human nature
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- business practice
Key Concepts
public policy
institutional design
Questions to Reflect On
- What systems can reduce corruption effectively?
- How do cultural norms affect ethical behavior?
A Different Perspective
Eliminating corruption entirely is unrealistic.
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