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Capitalism Quotes

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Capitalism Quotes

“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?”

“A city suffering from chronic poverty, out-of-control crime, a $76 million budget deficit and a 15 percent unemployment rate (nearly 50 percent for Oakland's youth) can hardly afford such social justice follies. But a pushover Democratic mayor and an overwhelmed police force have left what's left of gainfully employed Oakland taxpayers at the mercy of professional freeloaders and anti-capitalism saboteurs.”

“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”

“When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.”

“Democracy suits Europeans today partly because it is associated with the triumph of capitalism and partly because it involves less commitment or intrusion into their lives than any of the alternatives. Europeans accept democracy because they no longer believe in politics. It is for this reason that we find both high levels of support for democracy in cross-national opinion polls and high rates of political apathy.”