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Capitalism Quotes

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Capitalism Quotes

“Anarcho-capitalism, in my opinion, is a doctrinal system which, if ever implemented, would lead to forms of tyranny and oppression that have few counterparts in human history. There isn't the slightest possibility that its (in my view, horrendous) ideas would be implemented, because they would quickly destroy any society that made this colossal error. The idea of 'free contract' between the potentate and his starving subject is a sick joke, perhaps worth some moments in an academic seminar exploring the consequences of (in my view, absurd) ideas, but nowhere else.”

“There is an old joke about socialism as the synthesis of the highest achievements of the whole human history to date: from prehistoric societies it took primitivism; from the Ancient world it took slavery; from medieval society brutal domination; from capitalism exploitation; and from socialism the name.”

“Capitalism has been one of the most dynamic forces in human history, transforming one society after another, and today it has become established as an international system determining the economic fate of most of mankind.”

“Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.”

“Marx is thought of as an implacable foe of capitalism. But go back and read the first section of the Communist Manifesto. Notice how it contains a paean of praise for the way capitalism and the bourgeoisie have both enriched the human powers of production and also enabled us to see with clear vision the nature of human society and human history.”

“Two decades ago, however, socialism and communism died rudely, then were buried forever by the empirical demonstration of the superiority of market capitalism everywhere from Thatcher's England to Deng's China, where just the partial abolition of socialism lifted more people out of poverty more rapidly than ever in human history.”