QuoteProject
The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
Jacqueline Novogratz
ShareWTF𝕏

Interpretation

What this quote means

The poor are affected by corrupt political systems rather than functioning market economies.

This quote by Jacqueline Novogratz highlights the stark contrast between the lives of the poor and those of the economically privileged. While some people operate within systems that promote fair market practices, many poor individuals find themselves trapped in political economies characterized by corruption and inefficiency, where local governments and financial systems exploit rather than empower them.

Themes

PovertyCorruptionEconomyPoliticsInequality

In practice

Example use cases

In a speech addressing socioeconomic disparities, this quote could emphasize the importance of addressing corruption in economic systems.

More from Jacqueline Novogratz

May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
Jacqueline NovogratzRead
When people gain income, they gain choice, and that is fundamental to dignity.
Jacqueline NovogratzRead
I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
Jacqueline NovogratzRead
Each of us can work to change a small portion of events. And it's in the total of all those acts that the history of this generation will be written.
Jacqueline NovogratzRead
Don't let people tell you to do it this way. You are on the verge of figuring out hybrid models -- with companies and nonprofits, markets, government, crowd-sourced philanthropy. The capitalist system as we know it is not working.
Jacqueline NovogratzRead
Traditional charity and aid are never going to solve the problems of poverty.
Jacqueline NovogratzRead

Similar quotes

Landlords grow rich in their sleep without working, risking or economising
John Stuart MillRead
If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.
Niall FergusonRead
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.
Angus DeatonRead
By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.
Abraham LincolnRead
In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.
John Kenneth GalbraithRead
Economic systems are not value-free columns of numbers based on rules of reason, but ways of expressing what varying societies believe is important.
Gloria SteinemRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.