“Patrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.”

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Meaning

The quote says that when wealth and power are inherited, people may come to distrust reform efforts. In that view, reform starts to look like a cover for corruption or private gain rather than a genuine public good.

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Original Language & Translation

Originally said in English.

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About James Surowiecki

American journalist

James Michael Surowiecki is an American journalist known for his writing on business and finance. He was a staff writer at The New Yorker. At The New Yorker, he wrote a regular column called "The Financial Page," which focused on business and finance. His work is associated with clear, public-facing commentary on economic topics.

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