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Capitalism Quotes

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Capitalism Quotes

“One of the problems with traditional anti-capitalist thought is that it defines capitalism as a totality, which encourages us to imagine another totality, socialism, which we can try to replace it with. This totalizing perspective has colonized the imagination of anti-capitalism and left us waiting for a revolution we can never have.”

“A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.”

“If the central contest of the twentieth century has pitted capitalism against socialism, then F. A. Hayek has been its central figure. He helped us to understand why capitalism won by a knockout. It was Hayek who elaborated the basic argument demonstrating that central planning was nothing else but an impoverishing fantasy.”

“I see myself, in terms of the question of capitalism, as I would support democratic socialism over a capitalist system, because any approach... or participatory economics, which is another great model that people like Michael Albert are putting out there... any system that encourages us to think about interdependency, and to be able to use the world's resources in a wiser way, for the good of the whole, would be better for the world than capitalism.”

“The Bolshevik revolution was a counter-revolution. Its first moves were to destroy and eliminate every socialist tendency that had developed in the pre-revolutionary period. Their goal was as they said; it wasn't a big secret. They regarded the Soviet Union as sort a backwater. They were orthodox Marxists, expecting a revolution in Germany. They moved toward what they themselves called "state capitalism," then they moved on to Stalinism. They called it democracy and called it socialism. The one claim was as ludicrous as the other.”

“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy remains in full force.”

“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.”

“Socialism and Communism don't work, but neither does straightforward capitalism. We've got to get a new way of thinking and working. We blew it so there was good and bad about the celtic tiger. But we're tiny. There's four million in the country, do you know what I mean? We're tiny. Four million in a country, how many is in New York? Seven? Ten? But we're strong, so hopefully we pull through.”

“Socialism, leftism, liberalism not only doesn't respect the unique abilities of free people; it attempts to quash them and to eliminate them. Because it's unfair not only to have more than somebody else, it's unfair to be better than anybody else at whatever you do. That's not fair. So we define everything down to the lowest common denominator. We take the people at the top, bring 'em down to people at the bottom and say that's equality. We punish achievement if liberalism and leftism rules the day. But capitalism is where the respect for unique abilities and freedom resides.”

“Here's what I don't think works: An economic system that was founded in the 16th century and another that was founded in the 19th century. I'm tired of this discussion of capitalism and socialism; we live in the 21st century, we need an economic system that has democracy as its underpinnings and an ethical code.”

“The basic confrontation which seemed to be colonialism versus anti-colonialism, indeed capitalism versus socialism, is already losing its importance. What matters today, the issue which blocks the horizon, is the need for a redistribution of wealth. Humanity will have to address this question, no matter how devastating the consequences may be.”

“The major western democracies are moving towards corporatism. Democracy has become a business plan, with a bottom line for every human activity, every dream, every decency, every hope. The main parliamentary parties are now devoted to the same economic policies - socialism for the rich, capitalism for the poor - and the same foreign policy of servility to endless war. This is not democracy. It is to politics what McDonalds is to food.”

“Socialism needs to pull down wealth; liberalism seeks to raise up poverty. Socialism would destroy private interests, Liberalism would preserve [them] ... by reconciling them with public right. Socialism would kill enterprise; Liberalism would rescue enterprise from the trammels of privilege and preference. Socialism assails the preeminence of the individual; Liberalism seeks ... to build up a minimum standard for the mass. Socialism exalts the rule; Liberalism exalts the man. Socialism attacks capitalism; Liberalism attacks monopoly.”

“Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.”

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

“A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”

“The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.”

“Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”

“The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.”

“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”