Change Quote by Angus Deaton
“Although globalization and technological change have disrupted traditional work arrangements, both processes have the potential to benefit everyone. The fact that they have not suggests that the wealthy have captured the benefits for themselves.”
About This Quote
Source Book: The Great Escape, 2023
Globalization and technology could help everyone, but wealth concentration prevents this, highlighting inequality in benefit distribution.
In simple terms: I benefits are captured by the wealthy.
Address inequality in tech and trade.
Themes
Mood
Type
When to use this quote
- public policy
- business strategy
- community development
Key Concepts
Questions to Reflect On
- How can policies ensure broader benefit sharing?
- What mechanisms can prevent wealth capture?
The benefits may be uneven without regulation.