Capitalism Quotes - Page 11

• Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.

  Ludwig von Mises

  Social, Function, Goods

  Ludwig Von Mises (1947). “Planned Chaos”, p.11, Ludwig von Mises Institute

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• The spread of evil is the symptom of a vacuum. Whenever evil wins, it is only by default: by the moral failure of those who evade the fact that there can be no compromise on basic principles.

  Ayn Rand

  Winning, Evil, Hatred

  Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.170, Penguin

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• The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

  Ludwig von Mises

  Strong, Capitalist Economy, Desire

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.336, VM eBooks

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• The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

  Ludwig von Mises

  Marketing, Principles, Needs

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• A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

  Ron Paul

  Sound, Saving, Credit

  Ron Paul (2008). “Pillars of Prosperity: Free Markets, Honest Money, Private Property”, p.43, Ludwig von Mises Institute

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• I believe capitalism will eventually be replaced by a communitarian ethic where the rights and care of all beings will be taken into consideration, not just the greed of a corporate few.

  Terry Tempest Williams

  Believe, Taken, Rights

  Terry Tempest Williams (2006). “A voice in the wilderness: conversations with Terry Tempest Williams”, Utah State Univ Pr

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• It only stands to reason that where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master.

  Ayn Rand

  Sacrifice, Men, Offering

  Ayn Rand (2005). “The Fountainhead”, p.677, Penguin

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• I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.

  Ayn Rand

  Life, Relationship, Bad Ass

  Atlas Shrugged pt. 3, ch. 1 (1957)

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• In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production

  Ludwig von Mises

  Party, Government, Political

  Ludwig Von Mises (1947). “Planned Chaos”

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• The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.

  Ludwig von Mises

  Men, Earning, Social

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• From the smallest necessity to the highest religious abstraction, from the wheel to the skyscraper, everything we are and everything we have comes from one attribute of man - the function of his reasoning mind.

  Ayn Rand

  Religious, Men, Mind

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• One of the biggest lies in capitalism is that companies like competition. They don't. Nobody likes competition.

  Eliot Spitzer

  Lying, Competition, Likes

  "How Wall Street Scams Counties Into Bankruptcy" by William D. Cohan, www.bloomberg.com. July 02, 2012.

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• Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

  Joan Robinson

  Running, Lying, Overcoming

  Joan Robinson (1973). “Economic heresies: some old-fashioned questions in economic theory”

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• When the press writes scare stories about the global labor supply draining jobs from rich to poor places, the story is usually presented as a "race to the bottom" simply in terms of wages. Capitalism supposedly looks for labor wherever labor is cheapest. This story is half wrong. A kind of cultural selection is also at work, so that jobs leave high-wage countries like the United States and Germany, but migrate to low-wage economies with skilled, sometimes overqualified workers.

  Richard Sennett

  Country, Jobs, Writing

  Richard Sennett (2007). “The Culture of the New Capitalism”, p.87, Yale University Press

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• It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.

  Joan Robinson

  Next, Theory, Prognosis

  Joan Robinson (2014). “Contributions to Modern Economics”, p.227, Academic Press

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• Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.

  David Harvey

  Financial, Finance, Concentration

  "The Limits To Capital". Book by David Harvey, 1982.

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• Neoliberalism is going to fail by being replaced. The system is entirely broken. Whenever you have a system that equates a market economy with a market society and claims that capitalism is democracy, you've not only got a massive lie being imposed on the people, but you've got the foundation for a form of authoritarianism and a much more intensive form of class warfare.

  Henry Giroux

  Lying, People, Broken

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• Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.

  Joan Robinson

  Sheep, Giving, Hatred

  Joan Robinson (1967). “Essay on Marxian Economics”, p.22, Springer

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• Capitalism is of this material world; it provides us with the means to live; it empowers us within the known world of sense and human reason. If it is to be measured by a strict standard of holiness, by religious normativity alone, then there can never be a moral capitalism.

  Stephen Young

  Religious, Mean, Empowering

  Stephen Young (2003). “Moral Capitalism: Reconciling Private Interest with the Public Good”, p.9, Berrett-Koehler Publishers

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• The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.

  David Harvey

  Political, Economy, Social

  "The Limits To Capital". Book by David Harvey, 1982.

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• Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.

  David Harvey

  Way, Individual, Capitalist

  "The Limits To Capital". Book by David Harvey, 1982.

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• 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.

  Joan Robinson

  Nature, Money, Work

  Joan Robinson (1967). “Essay on Marxian Economics”, p.1, Springer

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• 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.

  Joan Robinson

  Law, Progress, Details

  Joan Robinson (1967). “Essay on Marxian Economics”, p.95, Springer

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• Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.

  Eliezer Yudkowsky

  Law, People, Criticism

  Comment as Eliezer Yudkowsky @yudkowsky, www.facebook.com. June 10, 2012.

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• Moral capitalism is possible; if not, its strictures are only a kind of misleading vanity, the rhetoric of a secular piety.

  Stephen Young

  Vanity, Moral, Kind

  Stephen Young (2003). “Moral Capitalism: Reconciling Private Interest with the Public Good”, p.9, Berrett-Koehler Publishers

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