Capitalism Quotes

500+ Sourced quotes

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.

John Kenneth Galbraith

If there was never any difference between the value of commodities someone desired to sell and buy on the market, then no-one would ever desire to accumulate wealth. But an essential feature of capitalism is the existence of a group of agents with precisely that intention.

Unemployment is capitalism's way of getting you to plant a garden.

Orson Scott Card

What Asia's postwar economic miracle demonstrates is that
capitalism is a path toward economic development that is potentially
available to all countries. No underdeveloped country in the
Third World is disadvantaged simply because it began the growth
process later than Europe, nor are the established industrial powers
capable of blocking the development of a latecomer, provided
that country plays by the rules of economic liberalism.

Francis Fukuyama

That is why we may say that the historical development of capitalism has involved the thrust towards the commodification of everything.

Immanuel Wallerstein

A triumphalist corporate capitalism, free at last of the specter of Communism, has mobilized its economic power to relentlessly marginalize all nonmarket values; to subordinate every aspect of American life to corporate "efficiency" and the bottom line; to demonize not only government but the very idea of public service and public goods.

The whole evolution of present-day society tends to develop the various forms of bureaucratic oppression and to give them a sort of autonomy in regard to capitalism as such.

For capitalism flourishes best in a mobile and egalitarian society

Francis Fukuyama

Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other

Milton Friedman

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

John Kenneth Galbraith

Economics, said Mr Stanley, is 50% psychology … What we need, apparently, is not statesman but hypnotists, not scientists, but witchdoctors, not confidence born of scientific prediction of the future, but confidence created by a political Confidence Trick. There is nothing surprising in this. It is the kind of mystic Mumbo-Jumbo to which capitalism is driven when austere reason pronounces sentence of death upon it. It is the primitive recoil from reality and the burdens of reality which lies at the root of Fascist psychology.

It is the secret scandal of capitalism that at no point has it been organized primarily around free labor.

Free market capitalism is the best path to prosperity!

Lawrence Kudlow

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

Ludwig von Mises

Clarity and perseverance are difficult in American society because the basis of capitalism is greed and dissatisfaction.

Natalie Goldberg

Capitalism is man exploiting man. Socialism is just the opposite.

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

Schumpter's daring and dashing entrepreneur is now a legendary figure from the distant past - if not from the mythology of capitalism - or is to be found only in the demimonde of business, founding new ice cream parlors or "deep freeze subscription clubs".

But somewhere [during the 1950's, in East-Germany at the Art Academy] along the way we all began to notice that there was something wrong. We saw a few art magazines from the West and got a sense of another world. We began to talk about a third way between capitalism and Communism in art. I saw the work of graphic designers from Poland, the only ones [in communist area] I came across who seemed to be doing something for society but in a style that was more modern.

Gerhard Richter

For the West, the enemy was not "socialism" but capitalism. How to tame and subdue the polar bear, how to take over the talent, the science, the technology, how to buy out the human capital, how to acquire the intellectual property rights?

Michel Chossudovsky

It is a parable of pure capitalism, never jam today and a case of jam tomorrow; but as any of the Smiths will tell you, anyone who has ever sold IBM has regretted it.

The true antidote to racism is liberty. Liberty means having a limited, constitutional government devoted to the protection of individual rights rather than group claims. Liberty means free-market capitalism, which rewards individual achievement and competence, not skin color, gender, or ethnicity.

In fact rock, rather than being an example of how freedom can be achieved within the capitalist structure, is an example of how capitalism can, almost without conscious effort, deceive those whom it oppresses.... So effective has the rock industry been in encouraging the spirit of optimistic youth take-over that rock's truly hard political edge, its constant exploration of the varieties of youthful frustration, has been ignored and softened.

In a time in which Communist regimes have been rightfully discredited and yet alternatives to neoliberal capitalist societies are unwisely dismissed, I defend the fundamental claim of Marxist theory: there must be countervailing forces that defend people's needs against the brutality of profit driven capitalism.

This book was born out of astonishment. At a time when the waves of the anti-imperialist struggle are sweeping across the world, when movements of revolt are bursting out at the very heart of advanced capitalism, when the revival of working-class action is creating a new political situation in Europe, 'urban problems' are becoming an essential element in the policies of governments, in the concerns of the mass media, and consequently, in the everyday life of a large section of the population.

Manuel Castells