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Capitalism Quotes

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Capitalism Quotes

“The progressive historical role of capitalism may be summed up in two brief propositions: increase in the productive forces of social labour, and the socialisation of that labour. But both these facts manifest themselves in extremely diverse processes in different branches of the national economy.”

MayTwoDifferentFactsForceSocialProcessRolesEconomyCapitalismIncreaseHistoricalBranchesProductiveLabourProgressiveManifestDiversePropositionsNational Economy
Author:Vladimir Lenin
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“When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.”

ProcessCommonCapitalismAreasLaborProfitProductionsGoodsDivisionMechanismCommercePursuedCheaperSpecializationInterchangeDivision Of LaborHandicrafts
Author:Carroll Quigley
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“We have not done the things that are necessary to lower emissions because those things fundamentally conflict with deregulated capitalism. ... We are stuck because the actions that would give us the best chance of averting catastrophe - and would benefit the vast majority - are extremely threatening to an elite minority that has a stranglehold over our economy, our political process, and most of our major media outlets.”

GivingDoneActionPoliticalProcessChanceEconomyMediaConflictBenefitsMajorsCapitalismMajorityClimate ChangeStuckMinoritiesElitesCatastropheThreateningOutletsEmissions
Author:Naomi Klein
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“It is possible to see slavery and serfdom merely as extreme early forms of autocratic management, in which employees had no voice whatsoever in the work process and were viewed not as human beings but as alienated forms of individual wealth. Slavery, in this sense, did not die; it continues in modern dress in contemporary organizations wherever managers exercise autocratic power, unequal status, or arbitrary privileges, no matter how scientific the terminology or postmodern the image”

HumansMatterFormDiesIndividualProcessVoiceWealthHuman BeingsModernExerciseCapitalismOrganizationManagementDressesSlaveryPrivilegeExtremesContemporaryManagersEmployeeArbitraryPostmodernTerminology
Author:Kenneth Cloke
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“The constant drive for campaign dollars has distorted decision-making in Washington, DC, to the point where our systems can no longer effectively address complex, long-term problems like the climate crisis. Which brings me to my other major concern - the short-term focus of capitalism. It distorts the allocation of resources and the decision-making processes of companies.”

LongProblemProcessTermDecisionCompanyFocusMajorsCapitalismResourcesConcernCrisisConstantDollarsClimateComplexesCampaignsLong TermAddressesDecision MakingShort TermWashington DcAllocationDecision Making Process
Author:Al Gore
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“The largest 100 corporations hold 25 percent of the worldwide productive assets, which in turn control 75 percent of international trade and 98 percent of all foreign direct investment.The multinational corporation...puts the economic decision beyond the effective reach of the political process and its decision-makers, national governments.”

GovernmentPoliticalTurnsProcessDecisionEconomicPercentCapitalismDirectTradeInvestmentInternationalCorporationsProductiveAssetsMakersMultinationalsDecision MakersInternational TradeMultinational Corporations
Author:Peter Drucker
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“Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it belongs to the process by which we are governed, there would then be debate on how that power is used and how it might be made subordinate to the public will and need. This debate is avoided by propagating the myth that the power does not exist.”

NeedsDoeMadeMightUsedProcessExerciseCapitalismInstrumentsEverydayMythDebateCorporationsCommentAvoidedSubordinates
Author:John Kenneth Galbraith
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“But even in the absence of direct interference by those who had the power to interfere, the process was usually aborted by the non-availability of one of more elements of the process - the accumulated stock in a money form, the labor-power to be utilized by the producer, the network of distributors, the consumers who were purchasers. One or more elements were missing because, in previous historical social systems, one or more of these elements was not commodified or was insufficiently commodified.”

FormSocialProcessMissingElementsCapitalismLaborDirectHistoricalAbsenceProducersConsumersInterfereInterferenceAvailabilitySocial SystemsDistributorsPurchasers
Author:Immanuel Wallerstein
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“What is different in capitalist civilization has been two things. First, the process of meritocracy has been proclaimed as an official virtue instead of being merely a de facto reality. The culture has been different. And secondly, the percentage of the world's population for whom such ascent was possible has gone up. But even though it has grown up, meritocratic ascent remains very much the attribute of a minority.”

WorldFirstsHas BeensTwoDifferentRealityCultureProcessGoneVirtueCivilizationCapitalismRemainsPopulationOfficialsTwo ThingsMinoritiesAttributesCapitalistPercentagesBeing MeAscentMeritocracy
Author:Immanuel Wallerstein
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“The way in which these two practices contain each other is that it has always been possible to use the one against the other: to use racism-sexism to prevent universalism from moving too far in the direction of egalitarianism; to use universalism to prevent racism-sexism from moving too far in the direction of a caste system that would inhibit the work force mobility so necessary for the capitalist accumulation process.”

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Author:Immanuel Wallerstein
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“We seem to be in the midst of a process of cascading bifurcations that may last some 50 more years. We can be sure some new historical order will emerge. We cannot be sure what that order will be. Concretely, we may symbolize the first bifurcation as the effect of the world revolution of 1968 which continued up to and including the so-called collapse of the communisms in 1989, the social bifurcation.”

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Author:Immanuel Wallerstein
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“What Asia's postwar economic miracle demonstrates is that capitalism is a path toward economic development that is potentially available to all countries. No underdeveloped country in the Third World is disadvantaged simply because it began the growth process later than Europe, nor are the established industrial powers capable of blocking the development of a latecomer, provided that country plays by the rules of economic liberalism.”

WorldCountryPlayProcessGrowthPathEconomicDevelopmentCapableCapitalismEuropeThirdsMiracleAvailableBlockLiberalismAsiaThird WorldEconomic DevelopmentDisadvantagedUnderdeveloped CountriesLatecomers
Book:End of History and the Last Man
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