Saving Capitalism from the Capitalists Quotes

“it is not because of the benevolence of the baker that we eat fresh bread every morning but because of his desire to make money.”
― Raghuram G. Rajan, Saving Capitalism From The Capitalists

“Government, even in a democracy, can be captured by a small, well-organized class that has little interest in seeing broad-based access to finance.”
― Raghuram G. Rajan, Saving Capitalism From The Capitalists

“As spontaneous organizations of the distressed emerge, professional politicians and political parties attempt to capture their energy toward their own electoral gain. Franklin Roosevelt, as we have seen, was not averse to using antimarket rhetoric to appeal to the distressed. And once the politicians capture power and there is a drive to legislate, incumbents are not far behind in directing legislations toward their needs. Thus, much as a riot can be exploited by a few to achieve goals that are not the intent of the mob—it is interesting how often riots that are ostensibly labeled “communal” in India turn into a targeted destruction of especially irksome rival businesses owned by the minority community—the political organizations of the distressed can be used by those who have a broader agenda.”
― Raghuram G. Rajan, Saving Capitalism From The Capitalists

“Do not believe that you can find a universal remedy for evil conditions or immoral practices in effecting a fundamental change in society (as by State Socialism). And do not pin too much faith in legislation. Remedial institutions are apt to fall under control of the enemy and to become instruments of oppression.6”
― Raghuram G. Rajan, Saving Capitalism From The Capitalists

“decision by consensus is inherently conservative.”
― Raghuram G. Rajan, Saving Capitalism From The Capitalists