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Capitalism Quotes

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Capitalism Quotes

“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.”

“Prior to the advent of the civilization of the Third Estate (mercantilism, capitalism), the social ethics that was religiously sanctioned in the West consisted in realizing one’s being and in achieving one’s own perfection within the fixed parameters that one’s individual nature and the group to which one belonged clearly defined. Economic activity, work, and profit were justified only in the measure in which they were necessary for sustenance and to ensure the dignity of an existence conformed to one’s own estate, without the lower instinct of self-interest or profit coming first.”

“The very essence of capitalism is under threat as business is now seen as a personal wealth accumulator. We have to bring this world back to sanity and put the greater good ahead of self-interest. We need to fight very hard to create an environment out there that is more long term focussed and move away from short termism.”

“For over a century, popular struggles in the democracies have used the nation-state to temper raw capitalism. The power of voters has offset the power of capital. But as national barriers have come down in the name of freer commerce, so has the capacity of governments to manage capitalism in a broad public interest. So the real issue is not "trade" but democratic governance.”

“We need to graduate from the ridiculous notion that greed is some kind of elixir for capitalism - it's the downfall of capitalism. Self-interest, maybe, but self-interest run amok does not serve anyone. The core value of conscious capitalism is enlightened self-interest. As Jim Cramer on CNBC says, "Bulls make money, bears make money, pigs get slaughtered."”

“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.”

“No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury.”

“Every kind of passion is being transformed into a form of industry. Every passion is monetized or at least expected to be. This can be observed in schools, shows, articles, conferences, films, advertisements, and even within the primitive instincts of humans: the relentless conversion of passion into profession, the monetization of personal emotions and thoughts. This message is constantly propagated, taught, and encouraged by all of these forces. More than that, it is what people dream of—because they all embody identities scripted by singular capitalist narratives. And this constitutes the greatest insult to one’s inner world.”