“Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.”

— Ha-Joon Chang , book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 174

Adopted from Wikiquote. Last update Oct. 8, 2024. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level.…" by Ha-Joon Chang?

Ha-Joon Chang 44

Economist 1963

Related quotes

“Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 172
Context: Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.

“Fundamentals are the building blocks of fun.”

Mikhail Baryshnikov (1948) Soviet-American dancer, choreographer, and actor born in Letonia, Soviet Union

“[The PlayStation 2 is a] historic, a mass-market appliance that fundamentally changes society in the way the printing press did.”

Trip Hawkins (1953) American businessman

Quoted in The Amazing PlayStation 2, Newsweek (via PR Newswire), 2006-02-26, 2007-01-21 http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-27-2000/0001150833&EDATE,

“[W]e have things fundamentally backwards today: we let the needs of the economy dictate the nature of our society, while we should let the needs of our society determine the nature of our economy.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

“Growth and prosperity. These are the blocks with which we must build our welfare society.”

Lars Løkke Rasmussen (1964) Danish politician

From the Opening Address to the Folketing (The Danish Parliament) on Tuesday 6 October 2009.
2000s, 2009

“The fundamental defect of fathers, in our competitive society, is that they want their children to be a credit to them.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

Source: 1920s, Sceptical Essays (1928), Ch. 14: Freedom Versus Authority in Education

“Trust is the lifeblood of a decent society. The true currency of democracy.”

Alex Salmond (1954) Scottish National Party politician and former First Minister of Scotland

Scotland in the World Forum (February 4, 2008), Church of Scotland (May 25, 2009)
Variant: Trust is the lifeblood of a decent society. The true currency of democracy.

“Organizations need to undergo fundamental changes, both in order to adapt to the new business environment and to become ecologically sustainable.”

Fritjof Capra book The Hidden Connections

Source: The Hidden Connections (2002), p. 86 Ch. 4 Life and Leadership in Organizations http://beahrselp.berkeley.edu/wp-content/uploads/2010/06/Capra-Hidden-Connections-Ch-4.pdf.

“Democracy requires social peace, the illusion that, in a society based on exploitation and domination, everyone can get along and nobody's fundamental well-being is under threat.”

Peter Gelderloos (1982) American anarchist

Source: "The Failure of Nonviolence" (2013) https://theanarchistlibrary.org/library/peter-gelderloos-the-failure-of-nonviolence, Chapter 2. Recuperation is How We Lose

“Successive governments have refused to accept the threat posed to our society by Islamic fundamentalism and extremism and to take the necessary measures to meet it head-on. We should esteem our own values of freedom, free speech and liberal secular democracy and start defending them.”

Gerard Batten (1954) British politician

Islamic fundamentalism is incompatible with freedom and Western liberal democracy https://web.archive.org/web/20070927174923/http://www.tfa.net/pdfs/60610.pdf (2006)
2006

“Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.”

Help us to complete the source, original and additional information

Ha-Joon Chang 44

Related quotes

Related topics