Quotessence
Home / Books / Capitalism in America: An Economic History of the United States

Capitalism in America: An Economic History of the United States

Book by Alan Greenspan · 2 quotes · United States Of America, American History, Antifragility

Filter quotes by topic

AllUnited States Of AmericaAmerican HistoryAntifragilityCreative DestructionCultureEconomic LiberalismEconomic PolicyLiberalismSafetyismWinston ChurchillWorld History

Capitalism in America: An Economic History of the United States Quotes

“America’s rise to greatness has been marred by numerous disgraces, prime among them the mistreatment of the aboriginal peoples and the enslavement of millions of African Americans. Yet judged against the broad sweep of history, it has been a huge positive. America has not only provided its own citizens with a prosperous life. It has exported prosperity in the form of innovations and ideas. Without America’s intervention in the Second World War, Adolf Hitler might well have subdued Europe. Without America’s unwavering commitment to the Cold War, Joseph Stalin’s progeny might still be in power in Eastern Europe and perhaps much of Asia. Uncle Sam provided the arsenal of democracy that saved the twentieth century from ruin.”

LiberalismAmerican HistoryUnited States Of AmericaWorld History
Book:Capitalism in America: An Economic History of the United States
Create image

“America has been much better than almost every other country at resisting the temptation to interfere with the logic of creative destruction. In most of the world, politicians have made a successful business out of promising the benefits of creative destruction without the costs. Communists have blamed the costs on capitalist greed. Populists have blamed them on sinister vested interests. European-style socialists have taken a more mature approach, admitting that creation and destruction are bound together, but claiming to be able to boost the creative side of creative destruction while eliminating the destructive side through a combination of demand management and wise intervention. The result has usually been disappointing: stagnation, inflation, or some other crisis.”

United States Of AmericaEconomic PolicyCreative DestructionEconomic Liberalism
Book:Capitalism in America: An Economic History of the United States
Create image