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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.”

“Capitalism lures us onward like the mechanical hare before the greyhounds, insisting that the economy is infinite and sharing therefore irrelevant. Just enough greyhounds catch a real hare now and then to keep the others running till they drop. In the past it was only the poor who lost this game; now it is the planet.”

“Why ... do the myths of America the Hateful take such powerful hold? Because anti-Americanism provides a useful emotional function which goes beyond logic and reaches deep into the darker recesses of the European soul. In centuries past those on the Left who wished to personalise their hatred of capitalism, who sought to make it emotionally resonant by fastening an envious political passion on to a blameless scapegoat people, embraced anti-Semitism. It was the socialism of fools. Which is what anti-Americanism is now.”

“The way we get past capitalism is by building on the healthy non-capitalist aspects of our world while we also do pitched battle with the capitalist ones that we have a fair chance of winning against. In that way we build a better world and shrink the destructive capitalist practices that are part of the social fabric.”

“We must pay close attention to those with another imagination: an imagination outside of capitalism, as well as communism. We will soon have to admit that those people, like the millions of indigenous people fighting to prevent the takeover of their lands and the destruction of their environment - the people who still know the secrets of sustainable living - are not relics of the past, but the guides to our future.”

“The ultimate cause of the October Crisis was the ideological embrace of Milton Friedman's warped but still dominant view that "the only social responsibility of business is to make a profit for its shareholders," and until that socially and economically counterproductive - and empirically, legally and ethically inaccurate - view is corrected, we will continue to have the increasing and more intense crises of global capitalism that we have seen recur with ever greater frequency over the past forty years. Sadly but clearly, the lessons have still not been learned.”

“I grew up during the Communist time. When I was a student and I especially wanted to play rock, that was a problem for all rock musicians in the Soviet Union. My friends liked it, but all the Communist officials, bureaucrats, teachers, didn't like this. There was very powerful propaganda against capitalism and the Western ideology. Everything that was connected to the West - rock music, jeans, long hair, loud music - everything was not allowed. But luckily that's now in the past. I hope.”

“What distinguishes the historical social system we are calling historical capitalism is that in this historical system capital came to be used (invested) in a very special way. It came to be used with the primary objective or intent of self-expansion. In this system, past accumulations were 'capital' only to the extend they were used to accumulate more of the same.”

“Born Losers is a beautiful piece of writing. Scott Sandage is history's Dickens; his bleak house, the late nineteenth century world of almost anonymous American men who failed. With wit and sympathy, Sandage illuminates the grey world of credit evaluation, a little studied smothering arm of capitalism. This is history as it should be, a work of art exploring the social cost of our past.”

“Impotence therefore faces both those who believe in what amounts to a pure, stateless, market capitalism, a sort of international bourgeois anarchism, and those who believe in a planned socialism uncontaminated by private profit-seeking. Both are bankrupt. The future, like the present and the past, belongs to mixed economies in which public and private are braided together in one way or another. But how? That is the problem for everybody today, but especially for people on the left.”

“Capitalism’s real “grave-diggers” may end up being its own delusional Cardinals, who have turned ideology into faith. Despite their strategic brilliance, they seem to have trouble grasping a simple fact: Capitalism is destroying the planet. The two old tricks that dug it out of past crises-War and Shopping-simply will not work.”