As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
Robert ReichRead
If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws.
Interpretation
What this quote means
Corporations need stricter laws and penalties to encourage ethical behavior.
This quote emphasizes the necessity of enforced regulations and significant penalties to ensure that corporations adhere to ethical practices. It suggests that without stringent laws and consequences that outweigh the financial incentives for non-compliance, businesses are likely to prioritize profit over responsibility.
Themes
CorporationsLawsEthicsPenaltiesRegulations
In practice
Example use cases
During a corporate governance seminar discussing ethical practices.
More from Robert Reich
All quotes βWhat are called 'public schools' in many of America's wealthy communities aren't really 'public' at all. In effect, they're private schools, whose tuition is hidden away in the purchase price of upscale homes there, and in the corresponding property taxes.
Robert ReichRead
What someone is paid has little or no relationship to what their work is worth to society.
Robert ReichRead
Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
Robert ReichRead
The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
Robert ReichRead
You can't inspire people if you are going to be uninspiring.
Robert ReichRead
Similar quotes
A just wage for the worker is the ultimate test of whether any economic system is functioning justly.
Pope John Paul IiRead
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
Milton FriedmanRead
What Asia's postwar economic miracle demonstrates is that_x000D_ capitalism is a path toward economic development that is potentially_x000D_ available to all countries. No underdeveloped country in the_x000D_ Third World is disadvantaged simply because it began the growth_x000D_ process later than Europe, nor are the established industrial powers_x000D_ capable of blocking the development of a latecomer, provided_x000D_ that country plays by the rules of economic liberalism.
Francis FukuyamaRead
If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
John Maynard KeynesRead
I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results
Milton FriedmanRead
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