A Quote by Angus Deaton

The key is to somehow find a way of tackling rent-seeking, crony capitalism, and corruption - legal and illegal - and build fairer, more equal society without compromising innovation or entrepreneurship.

Angus Deaton

Quote Topics

Legal Build Capitalism Compromising Corruption Crony Capitalism Entrepreneurship Equal Find Illegal Innovation Key More Rent Seeking Society Somehow Tackling Way Without

Quote Author

Angus Deaton
British - Economist
Born: October 19, 1945

We do not have free market capitalism in America; we have crony capitalism. There is a huge difference between free market capitalism that democratizes a country and makes us more efficient and prosperous and corporate crony capitalism.

Robert F. Kennedy, Jr.

Crony capitalism on the left and crony capitalism on the right are still crony capitalism.

Rick Wilson

A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.

Chrystia Freeland

The journey to limit crony capitalism: It's a journey, it's not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.

Rakesh Jhunjhunwala

Most of the corruption in Albany is legal corruption, not illegal bribery. It comes from campaigns being funded by millionaires and corporations.

Zephyr Teachout

We don't really have the ability to enforce the law with respect to illegal work in this country in a way that's truly effective...We haven't been able to require every employer to enter a system in which they check the work status of their employees and determine whether they're legal, and without that, we don't really have the ability to enforce the law with respect to illegal work in this country in a way that's truly effective. And that would be the single greatest additional weapon we could use if we're serious about tackling this problem.

Michael Chertoff

No doubt exists that rent seeking in general leads to serious inefficiencies in this direct sense, but its indirect damage is even worse. Drawing the bulk of intelligent and energetic people in society into activity that has no social product, or may have a negative social product, is more important in explaining the stagnation of these societies than the direct social cost of the rent seeking.

Gordon Tullock

Entrepreneurship, entrepreneurship, entrepreneurship. It drives everything: Job creation, poverty alleviation, innovation.

Elliott Bisnow

I am a huge fan of capitalism and a huge fan of entrepreneurship and changing the world with technology and with entrepreneurship. Capitalism is awesome. To me, capitalism is my religion.

Jason Calacanis

If there was compromising material that had a shot at actually making Trump behave the way the Russians wanted him to, I would imagine it would be something financial - illegal, dirty dealings, or something with legal import.

Andrei Soldatov

We need to aim to get rid of food banks altogether, and replace charitable intervention with a fairer, more equal society.

Jack Monroe

Karl Marx left it to others to find the way beyond capitalism to a higher form of society. He saw his role as giving them as accurate a theory as he could of how capitalism works, which would also show them the reasons why it needs to be abolished and replaced by a freer and more human form of society.

Allen W. Wood

Creating a more equal society means tackling the inequalities that emerge before children even start school.

Liz Kendall

I think that Chairman Xi Jinping's courage tackling corruption is an important matter in the development of Chinese society. I also look forward to him showing a bit more flexibility in dealing with cross-strait relations. I hope that he can appreciate that Taiwan is a democratic society in which the leader has to follow the will of the people.

Tsai Ing-wen

To have a stable economy, to have a stable democracy, and to have a modern government is not enough. We have to build new pillars of development. Education, science and technology, innovation and entrepreneurship, and more equality.