Raghuram Rajan quote

A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast.
Raghuram Rajan

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The Third Pillar: How Markets and the State Leave the Community Behind
The Third Pillar: How Markets and the State Leave the Community Behind
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