Anything Quote by Guy Standing
“Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed.”
About This Quote
Source Book: The Precariat: The New Dangerous Class in the Global Economy, Guy Standing, 2011
National wealth often relies on extractive resource royalties, limiting diversification and democratic control; alternative funding models could broaden participation.
In simple terms: Resource wealth ties funds to minerals, limiting democracy.
Key Takeaway
Explore new funding sources for public capital.
Themes
economics
politics
resource management
Mood
critical
analytical
Type
policy
economic
political
When to use this quote
- government budgeting
- community investment funds
- sovereign wealth fund reforms
- local development projects
Key Concepts
democracy
wealth distribution
public finance
Questions to Reflect On
- How can democratic oversight be increased in sovereign funds?
- What alternative revenue streams could replace mineral royalties?
A Different Perspective
Political resistance and entrenched interests may block reforms.
