Angus Deaton Quotes
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As recognized since ancient times, the coexistence of very rich and very poor leads to two possibilities, neither a happy one. The rich can rule alone, disenfranchising or even enslaving the poor, or the poor can rise up and confiscate the wealth of the rich.
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Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive.
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Those of us who were lucky enough to be born in the right countries have a moral obligation to reduce poverty and ill health in the world.
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I'm in favor of inequality if it comes about from people making great innovations that make us all better off. And I think those people deserve to be rich. But the people who get rich by lobbying the Congress to give them special protections that come out of the hides of the workers seems to be a bad idea.
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I, who do not believe in socialized health-care, would advocate a single-payment system... because it will get this monster that we've created out of the economy and allow the rest of capitalism to flourish without the awful things that healthcare is doing to us.
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Businesses have moved from doing business to doing lobbying, and I think that's a very bad thing.
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Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.
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You can find episodes like the flu epidemic or war times when mortality rates go up, but sustained increases in mortality for any major group in any society are really quite rare. It's an indication that something is very wrong.
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Globalisation, for me, seems to be not first-order harm, and I find it very hard not to think about the billion people who have been dragged out of poverty as a result.
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I don't think that globalisation is anywhere near the threat that robots are.
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In the high-income English-speaking world, the elderly get treated very well indeed.
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Inequality is an enormously complicated thing that is both good and bad.
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Foreign aid, especially when there is a lot of it, affects how institutions function and how they change.
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I'm not a left-wing nut pushing for single-payer!
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A good theoretical account must explain all of the evidence that we see. If it doesn't work everywhere, we have no idea what we are talking about, and all is chaos.
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If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.
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I both love inequality and am terrified of it.
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I don't think income solely determines health. I think lots of other things determine health.
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I don't think equality is intrinsically valuable, meaning in and of itself. I'm not against inequality... if Bill Gates gets another hundred million dollars, it's no skin off my nose.
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In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it.
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Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things worse for a very large number of people around the world who have benefitted - people in China and India who have been dragged out of the most awful poverty.
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You can certainly draw a picture of 2016 which makes it look like the 1930s, which, of course, is what everyone is doing.
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Success breeds inequality, and you don't want to choke off success.
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It's hard to think that Mark Zuckerberg is actually impoverishing anyone by getting rich with Facebook. But driverless cars are another matter entirely.