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Capitalism Quotes

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Capitalism Quotes

“In order that a select few might live in great opulence, millions of people work hard for an entire lifetime, never free from financial insecurity, and at great cost to the quality of their lives. The complaint is not that the very rich have so much more than everyone else but that their superabundance and endless accumulation comes at the expense of everyone and everything else, including our communities and our environment.”

“Today, rather than a democracy we have a plutocracy (rule by moneyed interests) in which some of the formal elements of democracy nonetheless remain. Needless to say a real democracy ... is impossible where income, wealth, and power are concentrated and where inequality is growing, that is, in the normal ways of things under capitalism”

“If the citizens themselves devote their life to matters of trade, the way will be opened to many vices. Since the foremost tendency of tradesmen is to make money, greed is awakened in the hearts of the citizens through the pursuit of trade. The result is that everything in the city will bcome venal; good faith will be destroyed and the way opened to all kinds of trickery; each one will work only for his own profit, despising the public good; the cultivation of virtue will fail since honor, virtue's reward, will be bestowed upon the rich. Thus, in such a city, civic life will necessarily be corrupted. (On Kingship II, 3)”

“The outer is ordained for the sake of the inner; economic goods are instrumental--sicut quaedam adminicula, quibus adjuvanur ad tendendum in beatitudinum. ‘It is lawful to desire temporal blessings, not putting them in the first place, as though setting up our rest in them, but regarding them as aids the blessedness, inasmuch as they support our corporal life and serve as instruments for acts of virtue.’ Riches, as St. Antonino says, exist for man not man for riches.”

“The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.”

“Again in combination with the schools, the nation's media reflect the character of society impressed by the displays of power and opulence rather than the play of mind. The ancient Greeks admired in their art what they called the glittering play of "windswift thought." Pericles in his funeral oration boasted not of the weapons or statues collected in Athens, although these were many and beautiful, but of the character of the Athenian citizen--self-reliant, resourceful, public-spirited, loyal, skeptical, marked "by refinement without extravagance and knowledge without effeminacy.”

“But for another thing, there's no law of nature which says that control over capital has to be in a few hands―that's like saying that political power has to be in a few hands. Why? There wasn't a law that said that the king and the nobles had to run everything, and there isn't a law that says that corporate owners and managers have to run everything either. These are social arrangements. They developed historically, they can be changed historically”