Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
Lawrence SummersRead
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Interpretation
What this quote means
To combat harmful ideas, we must present and promote robust, opposing viewpoints.
Lawrence Summers emphasizes the importance of counteracting dangerous ideas by actively promoting strong alternative perspectives. Instead of merely dismissing harmful thoughts, it is vital to passionately advocate for positive, constructive ideas that can effectively challenge and replace them, fostering a healthier discourse and informed decision-making in society.
Themes
IdeasAlternativesAdvocacyDiscussionDebate
In practice
Example use cases
In a debate about climate change, one might use this quote to emphasize the need for strong environmental policies as alternatives to misinformation.
More from Lawrence Summers
All quotes →It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
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A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
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Most investors want to do today what they should have done yesterday.
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We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
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The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
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