“I would ask: Given the nature of free-market capitalism - where the rule is to rise to the top at all costs - is it possible to have a financial industry hero? And by the way, this is not a pop-culture trend we're talking about. There aren't many financial heroes in literature, theater or cinema.” WayCultureAsksLiteratureGivenTalkingIndustryHeroCostCapitalismTheaterFinancialPopsCinemaTrendsFree MarketPop CultureFree Market Capitalism Author:Martin Scorsese
“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?” ShouldSaidRealityWould BeTodayJobsPoliticalPoliticsCommunityHoursWorkMoneyPartyPovertyHistoryCasesEconomyPolicyCostCapitalismEconomicsDemocratIdeologyReportsMinimumPolitical PartiesMinimum WagePartisanshipForeseen Author:S. E. Cupp
“The problem is capitalism. The problem is that in order to sell seven billion people on the necessity of globalisation, we've created a moral universe where people who do not work to create profit are considered less than human, and used as surplus labour to drive down the cost of wages.” PeopleHumansProblemUsedOrderUniverseMoralCostCapitalismSellsSevenProfitBillionsLabourWagesSurplusGlobalisation Author:Laurie Penny
“My analysis, especially of the computer revolution, always comes back to capitalism. It's that economic system that has led to Western civilization's willingness to enslave ourselves to machines - because some people benefit enormously from it, while the costs are borne by other people and the planet.” PeopleEconomicPlanetsRevolutionCivilizationCostBenefitsComputerCapitalismMachinesWesternAnalysisWillingnessWestern CivilizationEconomic Systems Author:Kirkpatrick Sale
“In fact unrestrained capitalism is quite cruel and the cost is on the individual human, on his or her grace.” HumansFactsIndividualGraceCostCapitalism Author:George Saunders
“Growth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.” WayGrowsGrowthEconomyHealthyCostCapitalismProfitOne WayOur SocietyHeelsMonopolyMantrasHallmarkAchillesAchilles Heel Author:Robert Heilbroner
“This is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.” WayGrowthWealthCompanyProduceCostStandardsCapitalismBasesCompetitionPassingPassingsConsumersCorporateThese DaysCorporationsFundEarningLoanMonopolyProceduresBucketsSqueezingOligopoly Author:Eric Kierans
“The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what” PeopleIfsGivingDemocracyFailingEconomicProduceCostCapitalismVoteEntrepreneurProductionsConsumersFarmersCapitalistSovereignLowestPenniesRight To Vote Book:Bureaucracy Source: Bureaucracy
“When a man tells you that he got rich through hard work, ask him whose. There's no evidence that more people with more skills would produce more jobs. There's a great deal of evidence that they produce more competition for the jobs that exist, and in turn, drive down the cost of labour. Nothing pleases a corporation more than having five people compete for the same job. Competitiveness means good times for machines, not workers, because our tax systems privilege machines over workers.A lost job can put a smile on any shareholder's face.” PeopleMenMeanHardJobsFacesTurnsAsksLostDealsRichFiveProduceHard WorkPleaseCostSkillsTaxesEvidenceCapitalismMachinesCompetitionWorkersPrivilegeCorporationsGood TimesLabourShareholdersCompetitivenessTax System Author:Eric Reguly
“Born Losers is a beautiful piece of writing. Scott Sandage is history's Dickens; his bleak house, the late nineteenth century world of almost anonymous American men who failed. With wit and sympathy, Sandage illuminates the grey world of credit evaluation, a little studied smothering arm of capitalism. This is history as it should be, a work of art exploring the social cost of our past.” MenWorldShouldWritingLittlesArtPastBeautifulHouseSocialBornPiecesCenturyArmsCostLateCapitalismCreditWitWorks Of ArtLoserExploringOur PastGreyNineteenth CenturyBleakDickensEvaluationBleak House Author:William S. McFeely
“A tension has always existed between the capitalist imperative to maximize efficiency at any cost and the moral imperatives of culture, which historically have served as a counterweight to the moral blindness of the market. This is another example of the cultural contradictions of capitalism - the tendency over time for the economic impulse to erode the moral underpinnings of society. Mercy toward the animals in our care is one such casualty.” CareCultureAnimalMoralEconomicExampleCostCapitalismMercyCookingTendenciesImpulseTensionContradictionCapitalistEfficiencyBlindnessImperativesCasualtiesErode Book:The Omnivore's Dilemma: The Search for a Perfect Meal in a Fast-Food World Source: The Omnivore's Dilemma: The Search for a Perfect Meal in a Fast-Food World
“We've now become conscious of the uncalculated social, economic, and environmental costs of that kind of "unconscious" capitalism. And many are beginning to practice a form of "conscious capitalism," which involves integrity and higher standards, and in which companies are responsible not just to shareholders, but also to employees, consumers, suppliers, and communities. Some call it "stakeholder capitalism."” KindFormSocialCommunityBusinessCompanyPracticeEconomicHigherIntegrityCostStandardsConsciousCapitalismResponsibleEnvironmentalConsumersUnconsciousEmployeeShareholdersHigher StandardsSuppliersStakeholder Author:Patricia Aburdene
“While it might surprise many ecologists to hear, capitalism is itself the ultimate form of conservationism. Capitalists seek to conserve resources, not because of sentimental feelings about nature or the earth or whales or worry about the well-being of future generations, but simply because every drop of oil, every ton of ore, every shipment of wood saved is a cost reduction and money in the pocket.” WellsFeelingsMightEarthFunnyFormAnimalWorryGenerationsCostCapitalismResourcesUltimateSurpriseWoodsOilSavedWell BeingPocketsCapitalistSentimentalFuture GenerationReductionWhales Author:Steven Plaut
“A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized.” StatesPrinciplesRiskModernCostCapitalismProfitPrincipalBasic Principles Author:Noam Chomsky
“We must recover the whole sense of gift, of gratuitousness, of solidarity. Rampant capitalism has taught the logic of profit at all costs, of giving to get, of exploitation without looking at the person... and we see the results in the crisis we are experiencing! This Home is a place that teaches charity, a "school" of charity, which instructs me to go encounter every person, not for profit, but for love.” GivingPersonsWholeHomeSchoolJusticeResultsTeachEconomyEconomicTaughtCostCapitalismLogicCrisisCharityProfitInequalityEncountersExploitationSolidarityEconomic Justice Author:Pope Francis