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Capitalism Quotes

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Capitalism Quotes

“The free enterprise concept inherent in the economic model of capitalism should mean common people, or lower and middle class wage-earners, have greater potential to rise up and gain financial independence. In reality, however, free enterprise all too often leads to an almost total lack of government regulation that in turn allows the global elite to run amuck in Gordon Gecko-style financial coups.”

“The brilliant creative core of capitalism ... is the story the entrepreneurs and capital investors tell themselves about the future. How they intend to alter it, what they expect to gain in return, where they will raise the capital to accomplish their vision. Many of their stories turn out to be flawed or mistaken, of course, but the capacity to envision a set of future events and then act to fulfill them is a central source of capitalism's strength and its dominance of society.”

“At the turn of the [21st] century it was really Sergey Brin at Google who just had the thought of, well, if we give away all the information services, but we make money from advertising, we can make information free and still have capitalism. But the problem with that is it reneges on the social contract where people still participate in the formal economy. And it's a kind of capitalism that's totally self-defeating because it's so narrow. It's a winner-take-all capitalism that's not sustaining.”

“The essence of capitalism is expressed in two of its basic features: a) profit maximization and b) market competition. In their abstract formulations none of them was supposed to have anything conspiratorial against the poor. But in real life they turn out to be the "killers" of the poor - by making rich the richer and poor the poorer.”

“There is a cultural norm on the left of being afraid to declare victory, which is related to the binary of reform/revolution. Whereas reformists are winning small gains, revolutionaries don't want people to be satisfied with those small victories because they worry this will lead to acceptance of the bigger picture of capitalism domination, and so they find a way to turn every victory into a defeat. In the book, I call for a culture of declaring victory wherever we can.”

“Psychotherapy makes every problem a subjective, inner problem. And that's not where the problems come from. They come from the environment, the cities, the economy, the racism. They come from architecture, school systems, capitalism, exploitation. They come from many places that psychotherapy does not address. Psychotherapy theory turns it all on you: you are the one who is wrong.”

“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 are the United States of America. And it's our job to rein in the excesses of capitalism so that it doesn't run amok and doesn't cause the kind of inequities we're seeing in our economic system. But we would be making a grave mistake to turn our backs on what built the greatest middle class in the history.”

“The essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many. The glittering mansion overlooks a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force.”

“Hope drives us to invent new fixes for old messes, which in turn create ever more dangerous messes. Hope elects the politician with the biggest empty promise; and as any stockbroker or lottery seller knows, most of us will take a slim hope over prudent and predictable frugality. Hope, like greed, fuels the engine of capitalism.”

“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.”

“Truth as a cultural ideal has functioned as an opiate, perhaps the only serious opiate of the modern world. Karl Marx said that religion was the opiate of the masses. Raymond Aron retorted that Marxist ideas were in turn the opiate of the intellectuals. There is perspicacity in both these polemical thrusts. But is perspicacity truth? I wish to suggest that perhaps truth has been the real opiate, of both the masses and the intellectuals.”

“When a man tells you that he got rich through hard work, ask him whose. There's no evidence that more people with more skills would produce more jobs. There's a great deal of evidence that they produce more competition for the jobs that exist, and in turn, drive down the cost of labour. Nothing pleases a corporation more than having five people compete for the same job. Competitiveness means good times for machines, not workers, because our tax systems privilege machines over workers.A lost job can put a smile on any shareholder's face.”

“Scholars have endlessly written about antebellum Protestant thinking about slavery. Now, finally, Friends of the Unrighteous Mammon turns a spotlight on a new, crucial question: how did antebellum Protestants parse capitalism? For anyone who seeks to understand the political economy of the antebellum era-or, indeed, the complex entanglement of Christianity and capitalism today-this book is critical. I, for one, am very grateful to Stewart Davenport for having written it.”