“I was just very interested in the American frontier and the growth of capitalism - those enormous fortunes that were being made, more often than not, on the blood of poor people, black people, Indian people. They were the ones who paid very dearly for those great fortunes.” PeopleMadeBlackGrowthPoorBloodCapitalismPaidFortuneEnormousIndianBlack PeoplePoor PeopleFrontiers Author:Peter Matthiessen
“Socialism is nothing more nor less than the social, political and ideological system which breaks the fetters upon economic growth created under capitalism and opens the way to a new period of economic and social expansion on a much larger scale.” WayPoliticalSocialGrowthBreakEconomicPeriodsCapitalismScalesSocialismExpansionEconomic GrowthIdeologicalFetters Author:Earl Browder
“But though Usury is in itself immoral, and justly condemned by every ethical code, its chief and worst defect in the particular case we are now examining, the growth of Capitalism and its increasing proletariat, is the centralization of irresponsible control over the lives of men: the putting power over the proletariat into the hands of a few who can direct the loans of currency and credit without which that proletariat could not be fed and clothed and maintained in work.” MenWisdomHandsPoliticsGrowthCasesEconomyWorstParticularCapitalismDirectCreditChiefsCodeLiberalismFedsEthicalCurrencyDefectsImmoralLoanIrresponsibleExaminingProletariatUsuryCentralization Book:The Crisis Of Civilization Source: The Crisis Of Civilization
“Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.” NeedsShouldProblemGrowthWealthPayAttentionKnownPovertyCryCapitalismEconomicsShould HaveUniversalPraiseRaisedBottomSolveDisappearEmploymentLiftsPay AttentionBotherEconomistImpressiveReducingShould Have KnownShould Have Known BetterReducing Poverty Book:Contributions to Modern Economics Source: Contributions to Modern Economics
“Indeed, I find it illuminating to consider to what extent our "classical conditions" for economic growth are satisfied in the current, monopolistic phase of capitalism.” GrowthEconomicConditionsCapitalismCurrentsSatisfiedPhasesEconomic GrowthIlluminating Book:Political Econ of Growth Source: Political Econ of Growth
“The transformation of capitalism is unstoppable because we need limits on resources for humans to survive.” NeedsHumansGrowthLimitsCapitalismResourcesTransformationConsumptionUnstoppable Author:Graciela Chichilnisky
“The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated.” BelieveDoeRealityPoliticalPoliticsGrowthLeadershipMoneyPartyTechnologyEconomicPolicyOfficeCapitalismInnovationInstitutionsIndividualityIdeologyDataBudgetsFree SpeechSocialistPolitical PartiesFree MarketEconomic GrowthReactionariesPartisanship Author:Newt Gingrich
“Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face.” BelieveIdeasEndsFacesGoalGrowthCan DoRiskMonthsCapitalismInnovationMythBillionsRidiculousFedsBankingBanking System Author:Andreas Antonopoulos
“In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.” JobsOpportunityGrowthModernMissingCapitalismLabourGoodsRecessionsCorrections Author:John Kenneth Galbraith
“Capitalism rules worldwide, and a society whose economic fabric depends on constant growth requires that its citizens have ever-expanding needs and wants... In the West, it will take one with soul force equal to Gandhi's to change the prevailing dogma of ever increasing GNP. We may be forced to change our profligate ways some day, when the soil is depleted, the aquifers drained, the icecaps melted, and all the oil wells pumped dry. But the crisis will wait another fifty years or so; we'll leave those problems to a generation yet unborn.” WayWantNeedsYearsWellsMaySoulProblemForceWaitingGrowthGenerationsEconomicDependsCitizensEqualCapitalismCrisisConstantWestEnvironmentalOilDrySoilFiftySustainabilityDogmaFabricExpandingUnbornPrevailingDrainedNeeds And WantsSoul ForceAquifers Author:Philip Yancey
“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.” MeanAmericaSexGrowthRaceWatchesEconomicStreetsTalentWallCapitalismSouthDiscriminationEconomic GrowthSex Discrimination Author:Jesse Jackson
“I was at the World Bank and a commission reviewed our work on inequality for the U.S. Congress or somebody, and the head of the commission said to us: "You are spending taxpayer money to study issues like inequality? Which goes directly against capitalism and growth." That was the perception, that it should not be studied.” WorldGrowthStudyPerceptionCapitalismInequality Author:Branko Milanovic
“Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.” AgeGrowthCapitalismLaborDestructionIndependentInequalityCrushGreat DepressionIndependent Thought Author:Noam Chomsky
“Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.” HelpingIndividualGrowthEconomySuccessfulIndustryCapitalismEconomicsWinnerCorporateWelfareLoserSmall BusinessEntrepreneurialWinner And LoserCroniesCronyismCrony Capitalism Author:Paul Ryan