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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.” quote by Angus Deaton
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“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.”

Angus Deaton

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.

Key Takeaway

Design reforms that curb abuse yet foster growth.

Themes

economics ethics governance innovation fairness

Mood

critical analytical

Type

policy economic strategic

When to use this quote

  • drafting anti‑corruption law
  • encouraging startups
  • building transparent institutions
  • balancing regulation with market freedom

Key Concepts

rent‑seeking cronyism corruption entrepreneurship policy design

Questions to Reflect On

  • How can we ensure anti‑corruption measures don’t hinder startups?
  • What incentives can align innovation with fairness?
A Different Perspective

Reforms may be resisted by entrenched interests and can slow economic dynamism.

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