“The democratic process on which this nation was founded should not be restricted to the political process, but should be applied to the industrial operation as well.” ShouldWellsPoliticalNationsProcessCapitalismDemocraticOperationsDemocratic Process Author:Albert Gallatin
“Capitalism cannot be reduced to one or a few features, but it does possess one relationship, central to its existence and operation, that constitutes the essence of inequality and ineradicable instability: the wage-labor-capital connection that dwells at the heart of the system.” HeartDoeExistenceCapitalismLaborConnectionsEssenceInequalityFeaturesOperationsInstability Author:Herbert Schiller
“Bearing in mind that "the market" is not an invention of capitalism but that it has existed for thousands of years in many different societies, social justice logically requires that the profits resulting from the operation of markets and infrastructures created by society be equitably shared within societies and in a larger context within the human family.” YearsMindHumansDifferentSocialJusticeCapitalismSocial JusticeProfitInventionOperationsInfrastructureHuman Family Author:Alfred-Maurice de Zayas
“The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations.” IfsHumansLongMatterFacesValuesOrderQualityMoralDemocracyEconomicConditionsDemandBehaviorLowsCapitalismAbsenceSellingOperationsEnterpriseContradictionDictatorshipEfficiencyFree MarketUnwillingRobustHuman FreedomMultinationalsFree Market Capitalism Author:William Greider
“Anyone who studies the energy predicament understands its connection with the operations of capital - and by this I do not mean capitalism as an ideology, I mean the behavior of acquired wealth and its deployment for productive purpose. (A lot of educated idiots don't understand this, and we waste a lot of time blathering about capitalism.)” MeanPurposeEnergyWealthStudyWasteBehaviorCapitalismConnectionsEducatedIdeologyIdiotOperationsProductivePredicamentsDeployment Author:James Howard Kunstler
“The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.” PeopleWellsGovernmentResultsLibertyOpinionEconomicEventsPeriodsMassCapitalismEconomicsIllContraryOperationsOutcomesUnemploymentFree MarketInterferenceRecurrence Book:Middle of the Road Policy Leads to Socialism Source: Middle of the Road Policy Leads to Socialism
“I was guilty of judging capitalism by its operations and socialism by its hopes and aspirations; capitalism by its works and socialism by its literature.” LiteratureLibertySocietyJudgingCapitalismLibertarianSocialismGuiltyOperationsAspirationLibertarianismHookCapitalism And Socialism Book:Out of step: an unquiet life in the 20th century Source: Out of step: an unquiet life in the 20th century
“We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.” MenMindHumansStatesProblemAgeGivenAbilityPerfectEconomicIntellectualSolutionsCapitalismProductionsFactorsMortalsOperationsGuaranteesHuman MindCapitalistTechnologicalCompulsionCoercionCalculationsInterferenceAllocationFactors Of Production Author:Ludwig von Mises
“To be sure, the use of force by one party in a market transaction in order to improve his price was no invention of capitalism. Unequal exchange is an ancient practice. What was remarkable about capitalism as a historical system was the way in which this unequal exchange could be hidden; indeed, hidden so well that it is only after five hundred years of the operation of this mechanism that even the avowed opponents of the system have begun to unveil it systematically.” WayYearsWellsUseOrderForcePartyPracticeFiveHundredCapitalismHistoricalAncientInventionOperationsOpponentsRemarkableMechanismTransactionsUse Of Force Author:Immanuel Wallerstein
“Scientific culture created a framework within which individual mobility was possible without threatening hierarchical work-force allocation. On the contrary, meritocracy reinforced hierarchy. Finally, meritocracy as an operation and scientific culture as an ideology created veils that hindered perception of the underlying operations of historical capitalism.” CultureIndividualForcePerceptionCapitalismHistoricalContraryIdeologyOperationsThreateningVeilsHierarchyFrameworkMobilityMeritocracyAllocation Author:Immanuel Wallerstein
“Following the rise of the Labour Party it seemed reasonable, in 1927, to expect, or at least hope, that co-operation for the common good might gradually replace the competitiveness of capitalism.” MightPartyCommonCapitalismFollowingOperationsReasonableLabourCommon GoodCompetitivenessLabour Party Author:Dora Russell