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Capitalism Quotes

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Capitalism Quotes

“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.”

“I find Chinese debates about their political system domestically, but also about China's claims in the international system, to be among the most original and surprising and exciting of our time. The starting point is a system that none of us had anticipated, which I call Leninist capitalism, but also obviously because it is the most important emerging power. The question of China's relations with the United States in particular, and the rest of the world in general, is the question of war and peace in the 21st century.”

“Russia, despite its heavy flirtation with capitalism and some quite unsavory oligarchs, is still building its foreign policy on the Soviet ideals of internationalism, solidarity and logic. And even domestically, President [Vladin]Putin is slowly, step-by-step, restoring many important Soviet achievements that were torpedoed by a nitwit, and one gangster - [Mikhail] Gorbachev and [Boris] Yeltsin.”

“Capitalism is a powerful producer of output, crisis-mongering on the left notwithstanding, and this too makes the system seem to have a lot of promise. This is why it is so important to agitate against the system in good times and bad. We can't depend on some super crisis to get folks thinking but instead have to focus on all of the contradictions of the system which cannot be ultimately resolved by it.”

“It is the masculine dynamic that has caused our society to place money and corporate profit above human beings. It has allowed the earth to be viewed only as a commodity to be exploited. The feminine perspective sees things differently. She sees the earth and all its inhabitants as entities to be revered and cared for. She sees individual human beings as more important than the relentless advance of capitalism and competition. It is my hope, perhaps indirectly expressed in my work, that the divine feminine is reawakening.”

“We spend more time with our coworkers than we do with our loved ones, and yet we don't have that many novels on the subject. We have far more novels about families bickering at Thanksgiving and not enough about the day before Thanksgiving at the office. If we lived in, say, Romania, maybe a workplace job might not be as important to the cultural discussion. But we live in America, where work is crucially important and capitalism drives everything we do.”

“The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.”

“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”

“Are there still other possibilities? Of course there are. What is important to recognize is that all three historical options are really there, and the choice will depend on our collective world behavior over the next fifty years. Whichever option is chosen, it will not be the end of history, but in a real sense its beginning. The human social world is still very young in cosmological time. In 2050 or 2100, when we look back at capitalist civilization, what will we think?”

“The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at the bottom. Our social programs, modest compared to those of many other Western countries, play an important role in redistributing some of those resources from the haves to the have-nots.”

“What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.”