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Capitalism Quotes

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Capitalism Quotes

“The truth is not that the problem is the newsroom does not understand capitalism. The problem is that the front office does not understand journalism. The problem is not that the average reporter does not understand what it is that's necessary to make the payroll, to make the good edifice, to make the thing that he wants. It is that in fact those who control too many of the edifices have actually come to believe that Wall Street has wisdom, and that that wisdom should instruct our business.”

“Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.”

“Watch the walls come down, whether it's in the South or on Wall Street. When the walls come down, what do we find? More markets, more talent, more capital and growth. Which means that the race and sex discrimination stunt economic growth. It's not good for capitalism. It's not good for America's growth. And it's not morally right.”

“I've lived long enough to see the triumph of zealots and absolutists, to watch money swallow politics, to witness the rise of the corporate state. See the party of working and poor people become a sycophant of crony capitalism. Watch the union of church and state become fashionable again. Witness the coupling of news and entertainment. See everyday people cast overboard as the pirates and predators of Wall Street seized the ship of state. I didn't drift; I moved left just by standing still.”

“To paraphrase Karl Marx, the great Karl Marx, a specter is haunting the streets of Copenhagen...Capitalism is the specter, almost nobody wants to mention it...Socialism, the other specter Karl Marx spoke about, which walks here too, rather it is like a counter-specter. Socialism, this is the direction, this is the path to save the planet, I don't have the least doubt. Capitalism is the road to hell, to the destruction of the world.”

“Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American capitalism. He taught a generation how to think about business, and he showed that securities were not just tokens like the Monopoly flatiron, and that investing need not be a game of chance. It was also a logical, commonsensical enterprise, like the tangible businesses beneath. He stripped Wall Street of its mystery and rejoined it to Main Street -- a mythical or disappearing place, perhaps, but one that is comprehensible to the ordinary American.”