Capitalism Quote by Angus Deaton
“The key is to somehow find a way of tackling rent-seeking, crony capitalism, and corruption - legal and illegal - and build fairer, more equal society without compromising innovation or entrepreneurship.”
About This Quote
Source Essay: Economic Policy Challenges, Angus Deaton, 2021
Addressing rent‑seeking, crony capitalism, and corruption requires balanced reforms that preserve innovation while promoting fairness.
In simple terms: Fixing corruption must not stifle entrepreneurship.
Design reforms that curb abuse yet foster growth.
Themes
Mood
Type
When to use this quote
- drafting anti‑corruption law
- encouraging startups
- building transparent institutions
- balancing regulation with market freedom
Key Concepts
Questions to Reflect On
- How can we ensure anti‑corruption measures don’t hinder startups?
- What incentives can align innovation with fairness?
Reforms may be resisted by entrenched interests and can slow economic dynamism.