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Capitalism Quotes

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Capitalism Quotes

“Marx's own illusion was to think that the working class movement, which he devoted his life to creating and strengthening, would both be socially and politically successful in the industrial nations of Western Europe, and that it would develop an entirely new way of human social life that would retain and even enhance the productive benefits of capitalism while overcoming the inhumanity and exploitation of capitalist social relations. Marx himself had no solutions to these problems. His object of study was capitalism itself.”

“I think what we are confronting now is a new war of ideas. It's not communism versus capitalism, but it is authoritarianism versus democracy and representative government. And that is a threat that here in Europe, they feel acutely. They've seen their countries interfered with, bombarded by cyber-attacks, by Russian propaganda, indeed, by Russian troops.”

“There are significant differences between the American and European version of capitalism. The American traditiionally emphasizes the need for limited government, light regulations, low taxes and maximum labour-market flexibility. Its success has been shown above all in the ability to create new jobs, in which it is consistently more successful than Europe.”

“In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.”

“One by one, these governments came undone, and were forced into IMF tutelage (and national illegitimacy) by the careening oil prices, the debt imbroglio, and falling terms of trade. The last of these governments to fall were the Communist regimes of eastern Europe, which have now gone the way of other Third World countries. The second in the cascade of bifurcations is thus symbolized by 1989.”

“What Asia's postwar economic miracle demonstrates is that capitalism is a path toward economic development that is potentially available to all countries. No underdeveloped country in the Third World is disadvantaged simply because it began the growth process later than Europe, nor are the established industrial powers capable of blocking the development of a latecomer, provided that country plays by the rules of economic liberalism.”

“It is not to save capitalism that we fight in Russia … It is for a revolution of our own. … If Europe were to become once more the Europe of bankers, of fat corrupt bourgeoisies we should prefer Communism to win and destroy everything. We would rather have it all blow up than see this rottenness resplendent. Europe fights in Russia because it [i.e., Fascist Europe] is Socialist. what interests us most in the war is the revolution to follow The war cannot end without the triumph of Socialist revolution.”

“Europeans do not understand North America but for the varying news outlets they read, most of which are in their own languages. Filled with their own cultural bias or lacklustre understanding, their analysis of the average North American lacks the most basic feeling. Simply because we can ride helicopters to our villas in the country or accumulate vast amounts of wealth and buy houses in Europe they think we care for nothing but money. The British especially, seeing their so-called brutish empire now long dead have only their incomprehensible accents to hold dear and berate the North American for not speaking true English. Yet it’s another sign of status and of money. But North Americans don’t care for money in the slightest. Most of us spend it the moment we acquire it whether in intelligence or not. Money is nothing to us but the idol and ideal of success. We are the true idealists. Of course we have set our ideal on the wrong idol; the only true idol for a man ought to be his passion, and a passion cannot be money since it is tangible and sensible.”