Build Quote by Vaclav Klaus
“We must have the time to create strict rules so that property is not sold by Communist managers for a low price. They often get payments under the table to sell to the first bidder. This does not build public support for a market economy.”
About This Quote
Source Speech: Economic Reform, 1998
Strict regulation prevents exploitation, but excessive control can stifle markets.
In simple terms: Regulation protects but may hinder.
Balance oversight with freedom.
Themes
Mood
Type
When to use this quote
- legislation
- business strategy
- economic theory
Key Concepts
Questions to Reflect On
- What is the optimal level of regulation?
- How to prevent corruption while encouraging growth?
May limit innovation.