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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.” quote by Angus Deaton
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“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.”

Angus Deaton

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.

Key Takeaway

Address inequality in tech and trade.

Themes

economics technology globalization inequality policy

Mood

analytical concerned

Type

economic policy

When to use this quote

  • public policy
  • business strategy
  • community development

Key Concepts

distributional economics social justice wealth capture

Questions to Reflect On

  • How can policies ensure broader benefit sharing?
  • What mechanisms can prevent wealth capture?
A Different Perspective

The benefits may be uneven without regulation.

3.6 out of 5 (5 ratings)

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