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Economic Quotes

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Economic Quotes

“It has been a masterful fight-back by the big banks. We the paying public can't do anything much except admit defeat and settle back for the next set of bills. In the meantime, perhaps, we should try and think of a name for the new economic system, which certainly isn't capitalism ... The most accurate term would probably be "bankocracy".”

Thinking Should Trying Has Beens Bigs Fighting Next Names Term Economic Capitalism Bills Defeat Settling Accurate Economic Systems

Author:John Lanchester

“Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.”

People Kind Bigs Political Pay Failing Economic Capitalism Intention Socialism All Kinds Fascism Ignored Free Market Good Intentions Political Systems Feudalism Personal Failure

Author:Thomas Sowell

“Capitalism has been one of the most dynamic forces in human history, transforming one society after another, and today it has become established as an international system determining the economic fate of most of mankind.”

Humans Has Beens Today Force Fate Economic Mankind Capitalism International Human History Transforming

Book:The capitalist revolution: fifty propositions about prosperity, equality, and liberty

Source: The capitalist revolution: fifty propositions about prosperity, equality, and liberty

“Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.”

“The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.”

“If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.”

“Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.”

Steps Economic Capitalism Transformation Method Series Socialism Destined Economic Systems Interventionism

Book:Middle of the Road Policy Leads to Socialism

Source: Middle of the Road Policy Leads to Socialism

“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.”

“The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.”

Economic Possibility Majors Capitalism Resources Enterprise Free Society Private Enterprise Economic Resources

Book:Tax limitation, inflation and the role of government

Source: Tax limitation, inflation and the role of government

“Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.”

“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.”

Mean America Sex Growth Race Watches Economic Streets Talent Wall Capitalism South Discrimination Economic Growth Sex Discrimination

Author:Jesse Jackson

“My analysis, especially of the computer revolution, always comes back to capitalism. It's that economic system that has led to Western civilization's willingness to enslave ourselves to machines - because some people benefit enormously from it, while the costs are borne by other people and the planet.”

People Economic Planets Revolution Civilization Cost Benefits Computer Capitalism Machines Western Analysis Willingness Western Civilization Economic Systems

Author:Kirkpatrick Sale

“Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism.”

People Form Economy Economic Development Healthy Capitalism Fairs Competition Wealthy Colonialism Economic Development Market Economy Burma Cronies Crony Capitalism

Author:Aung San Suu Kyi

“While I have questions about the language used in describing the two economic systems, I think people have fairly good gut sense of the difference between socialism and capitalism.”

People Thinking Two Used Language Differences Economic Capitalism Socialism Guts Describing Economic Systems

Author:Chris Matthews

“I'm not critical of the people who do psychotherapy. The therapists in the trenches have to face an awful lot of the social, political, and economic failures of capitalism. They have to take care of all the rejects and failures. They are sincere and work hard with very little credit, and the HMOs and the pharmaceutical companies and insurance companies are trying to wipe them out. So certainly I am not attacking them. I am attacking the theories of psychotherapy.”

“It's a terrible cruelty of predatory capitalism: both parents now have to work. A family has to have two incomes in order to buy the things that are desirable in our culture. So the degradation of motherhood - the sense that motherhood isn't itself a calling - also arises from economic pressure.”

Two Order Culture Parent Economic Terrible Calling Capitalism Pressure Motherhood Income Arise Cruelty Desirable Degradation Predatory

Author:James Hillman