Saidbook

Without an accompanying welfare state in which social programs funded by a progressive income tax redistribute from the rich to the poor, capitalism can be a deeply unfair system where a small, well-connected elite captures a majority of the wealth and power, and not necessarily through meritocratic processes.

— Kristen Ghodsee Taking Stock of Shock: Social Consequences of the 1989 Revolutions, with Mitchell A. Orenstein (2021)

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Attribution

Quote text and notes from Wikiquote: Kristen Ghodsee (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.