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Capitalism Quotes

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Capitalism Quotes

“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.”

“The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated.”

“In colleges, there are no gender separations in courses of study, and students can freely choose their majors. There are no male and female math classes. But women generally choose college courses that pay less in the labor market. Those are the choices that women themselves make. Those choices contribute to the pay gap.”

“It is a law of nature that everything run by the government will get more expensive and worse over time. Everything run by the private sector will get better and cheaper over time. The fact that [Obamacare] starts this badly does not bode well....We want healthcare run on the same system that gave us cell phones, flat screens, Jerry Garcia chia pets. Everything you submit to the free market...keeps getting better and better.”

“Politics is noble; it is one of the highest forms of charity, as Paul VI used to say. We sully it when we mix it with business. The relationship between the Church and political power can also be corrupted if common good is not the only converging point.”

“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?”

“Poverty is about low, self-esteem and a lack of role models and opportunities. Without money, people resort to de-dignifying activities in order to support themselves. We free people through education and entrepreneurship. Freedom is self-determination, and you can't self-determine without understanding money and capitalism.”

“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”

“The essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many. The glittering mansion overlooks a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force.”

“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

“To create a world in which life can flourish and prosper we must replace the values and institutions of capitalism with values and institutions that honor life, serve life's needs, and restore money to its proper role as servant. I believe we are in fact being called to take a step to a new level of species consciousness and function.”

“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.”

“For if in careless summer days In groves of Ashtaroth we whored, Repentant now, when winds blow cold, We kneel before our rightful lord; The lord of all, the money-god, Who rules us blood and hand and brain, Who gives the roof that stops the wind, And, giving, takes away again; Who spies with jealous, watchful care, Our thoughts, our dreams, our secret ways, Who picks our words and cuts our clothes, And maps the pattern of our days; Who chills our anger, curbs our hope, And buys our lives and pays with toys, Who claims as tribute broken faith, Accepted insults, muted joys; Who binds with chains the poet’s wit, The navvy’s strength, the soldier’s pride, And lays the sleek, estranging shield Between the lover and his bride.”

“In their quest to reduce all economic values to financial values, economists equated money with wealth, making money with creating wealth, and growth in the market price of an asset with growth in real value. They defined people as financial beings rather than living beings and ignored critical distinctions between the accumulated financial assets of individuals and the health and well-being of living communities. They forgot that the only legitimate purpose of an economy is to support households in making a living—not corporations in making a killing.”

“If the citizens themselves devote their life to matters of trade, the way will be opened to many vices. Since the foremost tendency of tradesmen is to make money, greed is awakened in the hearts of the citizens through the pursuit of trade. The result is that everything in the city will bcome venal; good faith will be destroyed and the way opened to all kinds of trickery; each one will work only for his own profit, despising the public good; the cultivation of virtue will fail since honor, virtue's reward, will be bestowed upon the rich. Thus, in such a city, civic life will necessarily be corrupted. (On Kingship II, 3)”

“The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.”

“But for another thing, there's no law of nature which says that control over capital has to be in a few hands―that's like saying that political power has to be in a few hands. Why? There wasn't a law that said that the king and the nobles had to run everything, and there isn't a law that says that corporate owners and managers have to run everything either. These are social arrangements. They developed historically, they can be changed historically”

“Any government that places profit before people is pure evil.”

“A system is corrupt when it is strictly profit-driven, not driven to serve the best interests of its people.”

“Some people choose their precarity - evidence that precarity is not just a condition of our time, but a response to it. The precariat includes people who have forgone stable employment and retirement savings for temp work and travel and an uncertain future. Their very existence is unsettling, suggesting, as it does, that there might be something worth more than security.”

“Every one of us is born with some kind of talent. In early manhood or womanhood each individual begins to see a path, though perhaps dimly, that beckons to him or her. All of us have this leaning toward, or desire for doing ably, a certain kind of work, and only want an opportunity to prove our capacity in that direction. These hunches, these signs of one's natural trend, are usually right, and are not to be thrust aside without regret in later life. I am antagonistic to the money-making fetish because it sidetracks our natural selves, leaving us no alternative but to accept the situation and take any kind of work for a weekly wage. We are expected to "make good," which is another way of saying make money. Therefore we do things for which we have no real understanding and often no liking, without thought as to whether it is best for us, and soon or late find that living has become drab and empty.”

“In the end, it's not the market or technology that decides what has real value, but society. If we want this century to be one in which all of us get richer, then we'll need to free ourselves of the dogma that all work is meaningful. And, while we're at it, let's also get rid of the fallacy that a higher salary is automatically a reflection of societal value.”