Ha-Joon Chang Quotes About Environment
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Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee of minimum income, education, and healthcare, we cannot say that we have fair competition. When some people have to run a 100 metre race with sandbags on their legs, the fact that no one is allowed to have a head start does not make the race fair. Equality of opportunity is absolutely necessary but not sufficient in building a genuinely fair and efficient society.
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It's not just about the current economic environment. History shows that slashing budgets always leads to recession.
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People 'over-produce' pollution because they are not paying for the costs of dealing with it.
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