The quote suggests that certain professionals within finance, law, lobbying, and management consulting often engage in competitive activities where their success typically comes at someone else's expense. These professionals are partaking in what economists call zero-sum games, which means that any gain they make is offset by a loss elsewhere—essentially transferring wealth from one group to another without creating new value.
On a deeper level, the quote highlights systemic issues within certain business sectors where competition can be seen as more about gaining at others' expense rather than fostering innovation or economic growth. This perspective raises questions about the true nature and impact of these professional activities on society. It prompts reflection on whether such practices contribute to sustainable development or merely redistribute existing wealth in ways that might not benefit everyone equally, potentially exacerbating inequalities.
Robert Reich is a well-known economist and public intellectual who served as the U.S. Secretary of Labor under President Bill Clinton. He is known for his critical views on economic policies and their impacts on society, often advocating for more equitable distribution of resources and opportunities. His quote reflects his broader concerns about how certain business practices can undermine societal welfare.
