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Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'.

— Ha-Joon Chang Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

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Democracy

More quotes by Ha-Joon Chang

Trade is simply too important for economic development to be left to free trade economists.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

The foundation of economic development is the acquisition of more productive knowledge.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

We are not smart enough to leave things to the market.

Corruption exists because there is too much, not too little, market.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Are you still convinced that inflation is incompatible with economic success?

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

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Democracy is the wholesome and pure air without which a socialist public organization cannot live a full-blooded life.

Mikhail Gorbachev

The oppressed are allowed once every few years to decide which particular representatives of the oppressing class shall represent and repress them in parliament!

Vladimir Lenin The State and Revolution (1917)

The law itself is the instrument of the ruling class; hence it is a logical impossibility for another class to assume power legally.

Oliver Cox Caste, Class, and Race: A Study in Social Dynamics (1948)

The whole dream of democracy is to raise the proletarian to the level of bourgeois stupidity.

Gustave Flaubert

Attribution

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