Robert Reich: Financiers Pockets

Posted by admin on Tuesday, November 23, 2021

Robert Reich Money Quote saying finance, law, corporate lobbying moves money between different pockets. Robert Reich said:
 
financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another Quote
 

“Most financiers, corporate lawyers, lobbyists, and management consultants are competing with other financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another” — Robert Reich

 

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In this quote, Robert Reich is describing how many people working in finance, law, lobbying and consulting industries are essentially engaged in zero-sum competitions. A zero-sum game is one where one person’s gain results in an equal loss for others involved.

Reich suggests that within these fields, professionals are often competing with each other in a way that simply moves money from one set of clients/stakeholders to another, without necessarily creating new wealth.

So while individuals within these industries may profit, the competitions they engage in do not grow the overall economic pie, but rather just shift money from one group to the other.

Overall, Reich is criticizing how these types of careers focus more on redistributing existing wealth rather than generating new value.

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