Comfortable Quote by Lawrence Summers
“Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.”
About This Quote
Source Speech: Economic Forum, 2005
Global financial systems share traits with aviation: speed and comfort, yet failures can be catastrophic.
In simple terms: Markets are like planes—fast but risky.
Key Takeaway
Treat market risks with caution.
Themes
finance
risk
technology
Mood
cautious
analytical
Type
economic
critical
When to use this quote
- Investing
- policy making
- risk assessment
Key Concepts
Systemic risk
complexity
regulation
Questions to Reflect On
- What safeguards can prevent market crashes?
- How does speed increase danger?
A Different Perspective
Spectacular crashes can cause widespread harm.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
