Bases Quote by Lawrence Summers
“You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.”
About This Quote
Source Speech: Economic Policy Forum, 2010
Governments cannot be the sole long‑term funding source for companies; sustainable finance requires private capital.
In simple terms: Companies need private money, not just government cash.
Diversify funding sources.
Themes
Mood
Type
When to use this quote
- startup financing
- public‑private partnerships
- budget planning
- risk management
Key Concepts
Questions to Reflect On
- How can firms reduce reliance on subsidies?
- What incentives encourage private investment?
Government aid may create dependency and reduce efficiency.