Capitalism Quotes

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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

The development of industrial capitalism did not move in a smooth ascending line.

The market economy-capitalism-is a social system of consumers' supremacy.

Ludwig von Mises

Capitalism contains within it the seeds of its own destruction.

Capitalism is dying and its extremities are already decomposing. The blotches upon the surface show that the blood no longer circulates. The time is near when the cadaver will have to be removed and the atmosphere purified.

It's not necessarily against a system that it collapses, because most systems do collapse in the end. That's a part of the wheel of life - systems do collapse. So I'm to some extent slightly inclined to forgive capitalism for being about to collapse. I mean there are lots of fine things, lots of love affairs and the like which have come to a sticky end. On the other hand, it is quite an accusation - quite hard for it to live down - that it's going to destroy the entire planet with it.

Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.

The characteristic mark of this age of dictators, wars and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-round regimentation of economic activities is both inescapable and highly desirable.

Ludwig von Mises

The industrial animal factory offers a nightmarish glimpse of what capitalism is capable of in the absence of any moral or regulatory constraint whatsoever.

The historical debate is over. The answer is free-market capitalism.

Thomas L. Friedman

There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.

Under the new system (aka capitalism, in this part of the world), huge numbers of people had to be convinced to work extra hard, at pitifully low wages, so that the employing class would not have to work at all. Overnight, with the help of a great number of preachers and other well-rested propagandists, work was upgraded from an indignity to an 'ethic'.

Barbara Ehrenreich

More than ever before, for humanity to live under capitalism, is to live on borrowed time.

The American agenda is sweeping everything before it, and although it's not perfect, the EU is better on environmental issues. It's a less rapacious form of capitalism.

Ken Livingstone

Stealing from capitalism is not like stealing out of our own pockets. Marx and Lenin have taught us that anything is ethical, so long as it is in the interest of the proletarian class and its world revolution.

Nicolae Ceaușescu

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism (as in Western Europe).

All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

Ludwig von Mises

Triumphant capitalism has unleashed a powerful drive toward inequality, not improvement, in the social sphere.

Herbert Schiller

It seems to me the only pertinent question is: cui bono? It is clear that the size of the privileged strata as a percentage of the whole has grown significantly under historical capitalism. And for these people, the world they know is better on the whole than any their earlier counterparts knew.

Immanuel Wallerstein

Unions, communities, people, everybody's going to have to learn to accept that in the United States you have a capitalist society, and that capitalism, from a business viewpoint, is survival of the most productive.

Don Blankenship

Is democracy in crisis? This question is being posed with increasing urgency by some of the leading statesmen of the West, by columnists and scholars, and— if public opinion polls are to be trusted— even by the publics. In some respects, the mood of today is reminiscent of that of the early twenties, when the views of Oswald Spengler regarding "The Decline of the West" were highly popular. This pessimism is echoed, with obvious Schadenfreude, by various communist observers, who speak with growing confidence of "the general crisis of capitalism" and who see in it the confirmation of their own theories.

Three-fourths of the Italian economy, industrial and agricultural, is in the hands of the state. And if I dare to introduce to Italy state capitalism or state socialism, which is the reverse side of the medal, I will have the necessary subjective and objective conditions to do it.

Benito Mussolini

Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.

In the history of modern capitalism, crises are the norm, not the exception.

Nouriel Roubini

The race to the moon was never really about the moon - its utility didn't rest in samples of moon rock. It was about capitalism versus communism, right versus left.