Dirk

“People 'over-produce' pollution because they are not paying for the costs of dealing with it.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

“People who live in poor countries have to be entrepreneurial even just to survive.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

“The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

“If the world were full of the self-seeking individuals found in economics textbooks, it would grind to a halt because we would be spending most of our time cheating, trying to catch the cheaters, and punishing the caught. The world works as it does only because people are not the totally self seeking agents that free-market economics believes them to be. We need to design an economic system that, while acknowledging that people are often selfish, exploits other human motives to the full and gets the best out of people. The likelihood is that, if we assume the worst about people, we will get the worst out of them.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism