“Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.” IfsKnowsWellsMightHateLossSituationEconomicBearsCircumstancesCapitalismPreparedHeavyHarmHatedResentmentEconomic Systems Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism Source: The free and prosperous commonwealth: an exposition of the ideas of classical liberalism
“What gets called 'the sixties' left a mixed legacy and a lot of divides. But it opened everything to question, and what seems the most fundamental and most pervasive in all the ensuing changes is the loss of faith in authority: the authority of government, of science, of patriarchy, of progress, of capitalism, of violence, of whiteness.” SeemsGovernmentLeftChangeLossProgressViolenceAuthorityCapitalismFundamentalsLegacyDividesSixtyPatriarchyWhitenessLoss Of Faith Author:Rebecca Solnit
“Everything that everyone is afraid of has already happened: The fragility of capitalism, which we don't want to admit; the loss of the empire of the United States; and American exceptionalism. In fact, American exceptionalism is that we are exceptionally backward in about fifteen different categories, from education to infrastructure.” WantDifferentStatesFactsLossUnitedUnited StatesHappenedCapitalismEmpiresCategoriesFifteenBackwardsInfrastructureFragilityExceptionalismAmerican Exceptionalism Author:James Hillman
“Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.” MindLossSinLibertyBehaviorCapitalismLibertarianLibertarianismPrudentBankruptcy Author:Allan H. Meltzer
“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.” Has BeensImportantStatesGovernmentLossUnitedLibertyUnited StatesEconomicIndustryLetting GoCapitalismMiracleProfitLibertarianPlanningEnterpriseWeedDeclineLibertarianismFree MarketStagnationPrivate EnterpriseFosteringCartelsProfit And LossCentralized Government Author:Milton Friedman
“Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists.” KindShowsLossCapitalismSatisfactionEconomistCalculations Author:Ivan Illich
“The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.” MeanLosesLossActivityOfficeCapitalismTasksAskingInstrumentsProfitConsumersReinsProfit And Loss Book:Bureaucracy Source: Bureaucracy