--- title: "Meaning & Key Takeaway of: The great challenge of the twentieth…" description: "\"The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capital..." image: "https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg" --- # The great challenge of the twentieth century ... is to… ![“The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capitalism.” quote by Will Hutton](https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg) [Download](https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg) [Open image](https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg) > “The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capitalism.” [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. We need a financial system where private choices lead to healthier capitalism. **In simple terms:** Create finance that supports better capitalism. Key Takeaway Redesign financial architecture. Themes economics ethics reform Mood analytical optimistic Type theoretical policy When to use this quote - regulatory policy - investment strategies - corporate governance Key Concepts financial architecture private decision‑making degenerate capitalism Questions to Reflect On - What incentives can align private decisions with public good? - How to measure “less degenerate” capitalism? A Different Perspective Changing deep structures is politically difficult. ★ ★ ★ ★ ★ No ratings yet [Architecture](https://sms4smile.com/quotes/about/architecture/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Challenges](https://sms4smile.com/quotes/about/challenges/) [Decision](https://sms4smile.com/quotes/about/decision/) [Economics](https://sms4smile.com/quotes/about/economics/) [Money](https://sms4smile.com/quotes/about/money/) [Twentieth century](https://sms4smile.com/quotes/about/twentieth-century/) ## Related quotes > [Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be…](https://sms4smile.com/quotes/gordon-brown/sometimes-it-takes-a-crisis-for-people-to-agree-that-what-is-obvious/) [Gordon Brown](https://sms4smile.com/quotes/author/gordon-brown/) > [Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.](https://sms4smile.com/quotes/henry-paulson/our-overriding-goal-in-restructuring-our-financial-architecture/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [In any case, his religious teaching consisted mostly in more or less vague ethical remarks, an obscure mixture of ideals of English gentlemanliness and…](https://sms4smile.com/quotes/thomas-merton/in-any-case-his-religious-teaching-consisted-mostly-in-more-or-less/) [Thomas Merton](https://sms4smile.com/quotes/author/thomas-merton/) > [The degree and duration of the torment of these degenerate and anti-Christian people, should be no other than would be approved of by those…](https://sms4smile.com/quotes/isaac-newton/the-degree-and-duration-of-the-torment-of-these-degenerate-and-anti/) [Isaac Newton](https://sms4smile.com/quotes/author/isaac-newton/) > [Human nature being what it is, peace must inevitably be a relative condition. The essence of life is struggle and competition, and to that…](https://sms4smile.com/quotes/javier-perez-de-cuellar/human-nature-being-what-it-is-peace-must-inevitably-be-a-relative/) [Javier Perez de Cuellar](https://sms4smile.com/quotes/author/javier-perez-de-cuellar/) > [Human beings are compelled to live within a lie, but they can be compelled to do so only because they are in fact capable…](https://sms4smile.com/quotes/vaclav-havel/human-beings-are-compelled-to-live-within-a-lie-but-they-can-be/) [Vaclav Havel](https://sms4smile.com/quotes/author/vaclav-havel/) > [By consequence I hold that no one ever did, or can do, anything for "society."... Comte invented the term altruism as an antonym for…](https://sms4smile.com/quotes/albert-j-nock/by-consequence-i-hold-that-no-one-ever-did-or-can-do-anything-for/) [Albert J. Nock](https://sms4smile.com/quotes/author/albert-j-nock/) > [We have either to progress or to degenerate. Our ancestors did great things in the past, but we have to grow into a fuller…](https://sms4smile.com/quotes/swami-vivekananda/we-have-either-to-progress-or-to-degenerate-our-ancestors-did-great/) [Swami Vivekananda](https://sms4smile.com/quotes/author/swami-vivekananda/) > [Without the truth of the people, politics degenerates into mere spectacle and democracy declines, leaving demagoguery and cynicism to fill the void.](https://sms4smile.com/quotes/jerry-brown/without-the-truth-of-the-people-politics-degenerates-into-mere/) [Jerry Brown](https://sms4smile.com/quotes/author/jerry-brown/) > [Our most pressing obligation is to do all in our power to obtain a revival that will result in a reformed, revitalized, purified church.…](https://sms4smile.com/quotes/aiden-wilson-tozer/our-most-pressing-obligation-is-to-do-all-in-our-power-to-obtain-a/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [A writer of story books! What kind of business in life-what mode of glorifying God, or being serviceable to mankind in his day and…](https://sms4smile.com/quotes/nathaniel-hawthorne/a-writer-of-story-books-what-kind-of-business-in-life-what-mode-of/) [Nathaniel Hawthorne](https://sms4smile.com/quotes/author/nathaniel-hawthorne/) > [Charlotte slammed the paper down onto her desk with an exclamation of rage. “Aloysius Starkweather is the most stubborn, hypocritical, obstinate, degenerate—” She broke…](https://sms4smile.com/quotes/cassandra-clare/charlotte-slammed-the-paper-down-onto-her-desk-with-an-exclamation-of/) [Cassandra Clare](https://sms4smile.com/quotes/author/cassandra-clare/) > [Christianity is not a law of bondage; and if it respect the hand of God which sometimes raises up tyrants, it draws up where…](https://sms4smile.com/quotes/jean-baptiste-henri-lacordaire/christianity-is-not-a-law-of-bondage-and-if-it-respect-the-hand-of/) [Jean-Baptiste Henri Lacordaire](https://sms4smile.com/quotes/author/jean-baptiste-henri-lacordaire/) > [People who reject transcendent authority can no longer persuade one another through rational arguments; everything is reduced to personal opinion. Debates about ideas thus…](https://sms4smile.com/quotes/charles-colson/people-who-reject-transcendent-authority-can-no-longer-persuade-one/) [Charles Colson](https://sms4smile.com/quotes/author/charles-colson/) > [I find Nigeria very frustrating. I am not alone in this. There are many Nigerians abroad. As you know, the brain drain is just…](https://sms4smile.com/quotes/chinua-achebe/i-find-nigeria-very-frustrating-i-am-not-alone-in-this-there-are-many/) [Chinua Achebe](https://sms4smile.com/quotes/author/chinua-achebe/) ## More by Will Hutton > [24.9 percent of American children live in poverty, while the proportions in Germany, France and Italy are 8.6, 7.4 and 10.5 percent. And once…](https://sms4smile.com/quotes/will-hutton/24-9-percent-of-american-children-live-in-poverty-while-the/) [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) > [Behind good brands lie stakeholder companies.](https://sms4smile.com/quotes/will-hutton/behind-good-brands-lie-stakeholder-companies/) [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) > [Investment is not only volatile, it is the key motor of the economy's prosperity because it has a snowball effect.](https://sms4smile.com/quotes/will-hutton/investment-is-not-only-volatile-it-is-the-key-motor-of-the-economy-s/) [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) > [The attempt to isolate economics from other disciplines-notably politics, history, philosophy, finance, constitutional theory and sociology-has fatally disabled its power to explain what is…](https://sms4smile.com/quotes/will-hutton/the-attempt-to-isolate-economics-from-other-disciplines-notably/) [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) [Explore all 5 Will Hutton quotes ](https://sms4smile.com/quotes/author/will-hutton/) ## More Architecture quotes > [The bones of my architecture are very much related to the structure, to the physical fact of how a building can stand up; it's…](https://sms4smile.com/quotes/santiago-calatrava/the-bones-of-my-architecture-are-very-much-related-to-the-structure/) [Santiago Calatrava](https://sms4smile.com/quotes/author/santiago-calatrava/) > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around.…](https://sms4smile.com/quotes/paul-simon/a-man-walks-down-the-street-it-s-a-street-in-a-strange-world-maybe-it/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) > [The Parthenon is really only a farmyard over which someone put a roof; colonades and sculptures were added because there were people in Athens…](https://sms4smile.com/quotes/pablo-picasso/the-parthenon-is-really-only-a-farmyard-over-which-someone-put-a-roof/) [Pablo Picasso](https://sms4smile.com/quotes/author/pablo-picasso/) > [Society understands the architecture of academia and knows there are relevant qualifications in different fields, and the media accepts the idea of specialisations and…](https://sms4smile.com/quotes/jay-griffiths/society-understands-the-architecture-of-academia-and-knows-there-are/) [Jay Griffiths](https://sms4smile.com/quotes/author/jay-griffiths/) > [I just think structure can make a book feel so much bigger. It's the architecture. You could use flimsy materials if you wanted to,…](https://sms4smile.com/quotes/jami-attenberg/i-just-think-structure-can-make-a-book-feel-so-much-bigger-it-s-the/) [Jami Attenberg](https://sms4smile.com/quotes/author/jami-attenberg/) > [When I am asked what I believe in, I say that I believe in architecture. Architecture is the mother of the arts. I like…](https://sms4smile.com/quotes/richard-meier/when-i-am-asked-what-i-believe-in-i-say-that-i-believe-in/) [Richard Meier](https://sms4smile.com/quotes/author/richard-meier/) > [Some architects have a preconceived notion of what a building should be](https://sms4smile.com/quotes/curtis-w-fentress/some-architects-have-a-preconceived-notion-of-what-a-building-should/) [Curtis W. Fentress](https://sms4smile.com/quotes/author/curtis-w-fentress/) > [The essential functions of the mind consist in understanding and in inventing, in other words, in building up structures by structuring reality.](https://sms4smile.com/quotes/jean-piaget/the-essential-functions-of-the-mind-consist-in-understanding-and-in/) [Jean Piaget](https://sms4smile.com/quotes/author/jean-piaget/) > [London, from the architecture to the culture to the fashion to the accents, feels like it's a special place.](https://sms4smile.com/quotes/g-eazy/london-from-the-architecture-to-the-culture-to-the-fashion-to-the/) [G-Eazy](https://sms4smile.com/quotes/author/g-eazy/) > [A wiki works best where you're trying to answer a question that you can't easily pose, where there's not a natural structure that's known…](https://sms4smile.com/quotes/ward-cunningham/a-wiki-works-best-where-you-re-trying-to-answer-a-question-that-you/) [Ward Cunningham](https://sms4smile.com/quotes/author/ward-cunningham/) > [Architecture is not a profession for the faint-hearted, the weak-willed, or the short-lived.](https://sms4smile.com/quotes/martin-filler/architecture-is-not-a-profession-for-the-faint-hearted-the-weak/) [Martin Filler](https://sms4smile.com/quotes/author/martin-filler/) > [As a result of reading science fiction when I was eight, I grew up with an interest in music, architecture, city planning, transportation, politics,…](https://sms4smile.com/quotes/ray-bradbury/as-a-result-of-reading-science-fiction-when-i-was-eight-i-grew-up/) [Ray Bradbury](https://sms4smile.com/quotes/author/ray-bradbury/) > [Winning a competition in architecture is a ticket to oblivion. It's just an idea. Ninety-nine per cent never get built](https://sms4smile.com/quotes/daniel-libeskind/winning-a-competition-in-architecture-is-a-ticket-to-oblivion-it-s/) [Daniel Libeskind](https://sms4smile.com/quotes/author/daniel-libeskind/) > [It's not so much about form versus functionality. Rather, it's about doing both and doing them a lot and doing them well-and that's how…](https://sms4smile.com/quotes/joshua-prince-ramus/it-s-not-so-much-about-form-versus-functionality-rather-it-s-about/) [Joshua Prince-Ramus](https://sms4smile.com/quotes/author/joshua-prince-ramus/) > [Engineering, medicine, business, architecture and painting are concerned not with the necessary but with the contingent - not with how things are but with…](https://sms4smile.com/quotes/herbert-simon/engineering-medicine-business-architecture-and-painting-are-concerned/) [Herbert Simon](https://sms4smile.com/quotes/author/herbert-simon/) [Browse all 3,013 Architecture quotes ](https://sms4smile.com/quotes/about/architecture/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capitalism.", "creator": { "@type": "Person", "name": "Will Hutton" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/will-hutton/the-great-challenge-of-the-twentieth-century-is-to-create-a-new/", "about": { "@type": "Thing", "name": "Architecture" }, "@id": "https://sms4smile.com/quotes/will-hutton/the-great-challenge-of-the-twentieth-century-is-to-create-a-new/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg", "url": "https://sms4smile.com/quotes/i/1d0/will-hutton-59954_architecture_the-great-challenge-of-the-twentieth-cen_1343422.jpg", "width": 1080, "height": 1080, "caption": "“The great challenge of the twentieth century ... is to create a new financial architecture in which private…” — Will Hutton", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Will Hutton", "item": "https://sms4smile.com/quotes/author/will-hutton/" }, { "@type": "ListItem", "position": 4, "name": "The great challenge of the twentieth...", "item": "https://sms4smile.com/quotes/will-hutton/the-great-challenge-of-the-twentieth-century-is-to-create-a-new/" } ], "@id": "https://sms4smile.com/quotes/will-hutton/the-great-challenge-of-the-twentieth-century-is-to-create-a-new/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```