Bully Quote by Joseph Stiglitz
“Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.”
About This Quote
Source Speech: Economic Policy Lecture, 2015
Legal frameworks can shape corporate behavior by setting incentives, not by targeting specific firms.
In simple terms: Law influences business through incentives, not bullying.
Key Takeaway
Design policies that guide behavior.
Themes
law
economics
policy
regulation
Mood
analytical
critical
Type
policy
economic
When to use this quote
- government regulation
- business strategy
- international trade
- labor rights
Key Concepts
Incentive design
public policy
global trade
corporate ethics
Questions to Reflect On
- Can incentives replace direct bans?
- How to balance regulation with market freedom?
A Different Perspective
Policies may be circumvented by loopholes.
![“We have introduced a rule of law. That never existed for centuries in this country [South Africa], especially under the apartheid regime, when the law was reduced into disrepute.” quote by Nelson Mandela](https://sms4smile.com/quotes/img-quotes/77f/nelson-mandela-248_apartheid_we-have-introduced-a-rule-of-law-that-ne_284133.jpg)
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
![“[Putin] is a bully. And bullies only understand when we punch them in the nose, but we need to do that economically.” quote by Kelly Ayotte](https://sms4smile.com/quotes/img-quotes/83a/kelly-ayotte-18873_bully_putin-is-a-bully-and-bullies-only-unders_13021.jpg)
