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Capitalism Quotes

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Capitalism Quotes

“Smith could not be expected to have anticipated the horrors that were to come. But even in his own time, he was a defender of certain state actions that he thought necessary in order to safeguard the good effects of commercial society (Smith did not speak of 'capitalism' and was acquainted only with an early undeveloped form of it). Among these state actions the chief was general public education.”

“Adam Smith saw the greed of modern capitalism for what it was - a form of destructive ambition that may have favorable effects on the productive capacities of society, but which is of no direct benefit to anyone - not even to the greedy themselves, whose illusory chase after a will-o-the-wisp leaves them morally bankrupt and unhappy.”

“Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other”

“According to the International Institute for Environment and Development, the annual amount spent globally on advertising aimed at increasing consumption topped $430 billion in 1998.Consumer capitalism is dedicated to the proposition that production is good in itself, no matter what is produced. The net effect is the massive production of absurd, empty and useless items which are nevertheless utterly serious since we earn our living from them, and dedicate our leisure time to them.”

“We seem to be in the midst of a process of cascading bifurcations that may last some 50 more years. We can be sure some new historical order will emerge. We cannot be sure what that order will be. Concretely, we may symbolize the first bifurcation as the effect of the world revolution of 1968 which continued up to and including the so-called collapse of the communisms in 1989, the social bifurcation.”

“The majority of those who are loosely identified by the term 'liberals' are afraid to let themselves discover that what they advocate is statism. They want to keep all the advantages and effects of capitalism, while destroying the cause, and they want to establish statism without its necessary effects. They do not want to know or to admit that they are the champions of dictatorship and slavery.”