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Capitalism Quotes

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Capitalism Quotes

“In our society competitive capitalism has put family life and working life on a collision course.In Canada statistics show that over 70 percent of the burden of caring for children, the aged, the disabled and the sick falls on women most of whom receive no pay for these very essential tasks.Normally speaking, it may be said that the forces of capitalism, if left unchecked, tend to make the rich richer and the poor poorer and thus increase the gap between them.”

“We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.”

“Now, you might say – “But why should we pay people for doing what they’re supposed to do?” It’s a fair question – but think of it this way: Every other anti-poverty program that’s been tried has failed to get the national poverty rate below 11 percent... Why shouldn’t we experiment with a program built around the one strategy that has proven time and again to work wonders – capitalism?”

“Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.”

“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.”

“As I see it, there are two great forces of human nature: self-interest, and caring for others. Capitalism harnesses self-interest in a helpful and sustainable way, but only on behalf of those who can pay. Government aid and philanthropy channel our caring for those who can't pay. But to provide rapid improvement for the poor we need a system that draws in innovators and businesses in a far better way than we do today.”

“A gardener who cultivates his own garden with his own hands, unites in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third.”

“Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.”

“It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.”

“Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.”

“The institutions at the centre of capitalism are bigger than they've ever been, the pay is much greater, the ability of society to get its arms around it is much less. The political clout of the financial class is unbelievable. I'd say the story is darker than when I was there. When I was there it felt like a comedy - and now it feels more like a tragedy.”

“People used to make their own clothes, now they buy clothes. People used to take care of their own kids, now they pay other people do it. And that was because capitalism requires more and more things being turned into money - being turned into profit. But that has reached this absurd limit where there's nothing left to turn into money, and the capitalist system is breaking down.”

“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.”

“Neither capitalism nor socialism is capable of meeting our unprecedented global challenges. Both came out of early industrial times, and we are now well into the post-industrial age. Both came out of times when the West still oriented much more to the domination side of the social scale, so both these theories did not pay attention to caring for people and nature.”

“America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way.”

“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.”