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Politics Quotes

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Politics Quotes

“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.”

“The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.”

“Consider in what way the industrial system developed upon capitalist lines. Why were a few rich men put with such ease into possession of the new methods? Why was it normal and natural in their eyes and in that of contemporary society that those who produced the new wealth with the new machinery should be proletarian and dispossessed?”

“The old freedom sufficiently survives in the mind of the wage earner to give him the illusion that, while accepting insurance and maintenance from the capitalist state, he can still be a full citizen. He thinks he can have his cake and eat it too. He is mistaken. The great capitalists who procured these regulations from the politicians knew what they were at. They were catching their proletariat in a net, and now they hold it fast.”

“The terror in which English capitalists now stand of organized proletarian resistance gives to the naturally protected craft organizations the power to receive the wages they demand. They act as they have been trained to act by capitalist society, which denies the doctrine of the Just Price, which proclaims work to be an evil and the goal of human endeavor to be the avoidance of it; which puts it up as an ideal that individuals should get as much money as they possibly can out of their fellows by any means in their power.”

“At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency and the last to receive the benefit of its correction - is practically defenseless.”

“All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in the United States, but let me tell you something: about 15 million of those people could save their dividends for 10 years and maybe buy a new suit. That's not what I call capitalism.”

“The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks to diffuse the private ownership of capital instead of abolishing it entirely. It seeks to make all men capitalists instead of preventing anyone from being a capitalist by making the State the only capitalist.”

“Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children.”

“The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.”

“We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.”

“If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.”