A Quote by Robert Reich

The key to understanding the rise in inequality isn't technology or globalization. It's the power of the moneyed interests to shape the underlying rules of the market.

Robert Reich

Quote Topics

Globalization Inequality Interests Key Market Power Rise Rules Shape Technology Underlying Understanding

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.

Ha-Joon Chang

Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.

Ha-Joon Chang

Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.

Warren Buffett

The convergence of digital trends, along with the rise of China and globalization, has upended the rules for almost every business in every corner of the globe.

Steve Blank

Globalization exists but we shouldn't conflate globalization with trade agreements. Trade agreements is how we can shape globalization.

Michael Froman

Intercultural understanding is a key dimension of the Australian Curriculum. The deployment of technology opens up opportunities for global partnerships and collaboration to grow, increasing opportunities for greater understanding between cultures.

Susan Mann

Instead of serving special interests, Congress should focus on the big picture. Globalization and technology have completely reshaped our economy in recent decades, and if we don't respond, we're putting the future of the middle class at risk.

John Delaney

Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.

Clayton Christensen

It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does.

Angus Deaton

High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.

Joseph Stiglitz

I think Obama and the economists around him have a very sophisticated understanding of both globalization and the technology revolution and the impact they're having on the world economy and they way they're creating these winner-take-all spirals.

Chrystia Freeland

I support freedom and I support a free market economy, but it should be a socially oriented market economy. I support globalization, but it should be globalization with a human face.

Mikhail Gorbachev

The Conservative sees in the free market the harmony of interests and rules of cooperation that also underlie the civil society.

Mark Levin

The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.

Richard Grasso

We should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.