“Well, do you remember those Venn Diagrams from school? Those overlapping circles to represent what two things do and don't have in common? The overlap of these two is incredibly fertile territory and this is exactly where businesses in the U.S. and UK see each other – places where they both need to do business and want to do business.”
— Matthew W. Barzun
U.S. Ambassador to Sweden, France, and the United Kingdom

The quote archive

Economics

A growing archive of 3,000+ moments, drawn from every interview.

To be a billionaire in America today is less a matter of merit than it is a matter of being at the right place at the right time, and being a beneficiary of a set of rules designed to benefit billionaires.

— Robert Reich

Labor Secretary & Economist; Leading Voice on Inequality

America has a class system, and it's becoming more rigid all the time. As inequality widens the ladder becomes so long that you have little hope of getting too far up it in your lifetime.

— Robert Reich

Labor Secretary & Economist; Leading Voice on Inequality

It's not that capitalism is failing, but rather that the organisation of capitalism is succumbing to wealth and power. People with extraordinary power and wealth will organise and enforce markets in such a way that it benefits their wealth and adds to their power- it becomes a self-fulfilling prophecy- a vicious cycle of more wealth and power.

— Robert Reich

Labor Secretary & Economist; Leading Voice on Inequality

You know what else is immoral? 700 million people who have no electricity. We need to have actual conversations about how to solve problems – and hold the uneasy tension of who pays for it, and how.

— Jacqueline Novogratz

Founder of Acumen Fund & social entrepreneur focused on global poverty alleviation

You cannot say you support a values based human rights agenda and have your defense industry dictate the terms of your relationships between states to the extent that you won't criticize states who you sell weapons to. People see this for what it is, they recognise the internal and external inconsistencies and are tired of it.

— Zeid Ra’ad Al Hussein

UN Human Rights Chief & International Justice Advocate

China has created a new form of capitalism- state capitalism. Some people call this 'market Leninism' or a communist party without communism. It's a hybrid system which has been very economically successful, and only certain Asian countries have been able to use this remarkable system.

— Joseph S. Nye Jr.

Harvard Professor & Creator of "Soft Power" Concept

People are now talking of a new 'Cold War' with China. This is a very misleading use of history. If you look at the relationship between China and the US today, there is half a trillion dollars of trade, and some 350,000 Chinese students and 3 million Chinese tourists are in the US. It's more complex than the Cold War.

— Joseph S. Nye Jr.

Harvard Professor & Creator of "Soft Power" Concept

Now, the internet has democratized this, and you don't need to be wealthy to be a patron. You can help bring something to life with $10 because you like the project, not because you see it as a financial return.

— Perry Chen

Founder of Kickstarter, crowdfunding platform pioneer

The traditional sources of capital for ideas — investment, charity, rich relatives, grants — are nowhere near sufficient to the number of good ideas in the world.

— Perry Chen

Founder of Kickstarter, crowdfunding platform pioneer

Critical theories give proposed solutions to legitimate problems that could not possibly be more open to manipulation and grift. The manipulators and grifters have filled the vacuum to the point where they're only ones who can benefit.

— Dr. James Lindsay

Mathematician & Scholar of Critical Theory Criticism & Academic Discourse

The world simply cannot manage Covid-19 without international cooperation around the production and distribution of medical equipment, research and distribution of a vaccine, and the cooperation between economies needed to ensure that we all return to growth.

— Ngaire Woods

Director of the Blavatnik School of Government at Oxford University

For large corporations, globalization opened up opportunities without the correlate responsibilities which usually travel with that- so things that banks must do at home they didn't have to do abroad. This took globalization out of balance, into a vicious cycle – and we're now dealing with the consequences of that.

— Ngaire Woods

Director of the Blavatnik School of Government at Oxford University

When individual countries hit a crisis, they've got 2 options, they can either look after themselves (at the cost of their neighbours) or they can create rules which they (and everyone else) will abide by, which requires institutions.

— Ngaire Woods

Director of the Blavatnik School of Government at Oxford University

When you empower people economically, your social programmes go further. When you join economic empowerment to social protection, you get double the benefit and thus there is a very hard-headed reason to support livelihoods not just lives.

— David Miliband

British Labour Politician & Former Foreign Secretary

Businesses have a tremendous amount of power to have impact through practices and business models that operate ethically, create useful goods and services, create jobs with dignity, and create opportunities in communities that may not have existed before.

— Andrew Kassoy

Co-Founder of Bridgewater Associates & Pioneer in Radical Transparency

Systems change is slow because it requires consensus that there is a system failure to start with, as well as the presence of a viable alternative. This requires a combination of culture shift, behavioral change, and structural change to ultimately change the rules of the game.

— Andrew Kassoy

Co-Founder of Bridgewater Associates & Pioneer in Radical Transparency