"Equality of opportunity is not enough. Unless we……" — Ha-Joon Chang
"Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee of minimum income, education, and healthcare, we cannot say that we have fair competition. When some people have to run a 100 metre race with sandbags on their legs, the fact that no one is allowed to have a head start does not make the race fair. Equality of opportunity is absolutely necessary but not sufficient in building a genuinely fair and efficient society."
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Ha-Joon Chang
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51 Quotes by Ha-Joon Chang
Ha-Joon Chang has 51 quotes on this site.
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Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
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The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided…
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In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than…
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95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if…
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[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in…
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Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism,…
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There is no such thing as a free market.
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To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.
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Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear,…
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The invention of the printing press was one of the most important events in human history.
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If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments,…
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Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as…
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