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 American capitalists are richer and stronger than their counterparts in other lands. They are also younger and more ignorant, and therefore more inclined to seek a rough settlement of difficulties without diplomatic subtlety and finesse. All that does not change the fact that American capitalism operates according to the same laws as the others, is confronted with the same fundamental problems, and is headed toward the same catastrophe.
Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
Capitalism does what it does and money doesn't belong to anybody. It just stays in someone's wallet for a while, then it goes somewhere else. It always goes somewhere and it is always about to go somewhere.
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.
Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system.
The fascinating thing to a dispassionate observer about the structure of life in the Soviet Union is that in their efforts to produce an unknown that we may let its ideologists call Socialism the Communist dictators have produced a brutal approximation of monopoly Capitalism, a system that has all the disadvantages of our own, with none of the palliatives which come to us from surviving competition and from the essential division of economic and political power which has so far made it possible for the humane traditions of the Western world to continue.
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.
The Internet is disrupting every media industry...people can complain about that, but complaining is not a strategy. And Amazon is not happening to book selling, the future is happening to book selling.
In response to criticism of its treatment of killer whales, Sea World said it will build them a larger habitat. When asked for comment, killer whales said, 'Hey, you know what's a larger habitat?' THE OCEAN.
American capitalism has been both overpraised and overindicted. It is neither the Plumed Knight nor the monstrous Robber Baron.
We can't afford the wrath of Heaven. We survived a deluge by the skin of our teeth, but an economic crisis would be disastrous.
It is sort of a bit of a caricature of capitalism, that it's always this zero-sum game where you have winners and losers. Silicon Valley, the technology industry at its best, creates a situation where everybody can be a winner.
America, as everybody knows, is a country of many contradictions, and a big contradiction for a long time has been between a very aggressive form of capitalism and consumerism against what might be called a kind of moral or civic impulse.
One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.
The fact that younger people are more inclined to socialism may well come with the fact that so many young people's first experience with capitalism is as a debtor.
Under the Obama regime, the president and his allies are intentional in pursuing these conflicts from the perspective that you must sacrifice your most sacred beliefs to government the instant you start a business. You have the protection of the First Amendment as an individual, you see – but the instant you start a business, you lose those protections.
It is a law of nature that everything run by the government will get more expensive and worse over time. Everything run by the private sector will get better and cheaper over time. The fact that [Obamacare] starts this badly does not bode well....We want healthcare run on the same system that gave us cell phones, flat screens, Jerry Garcia chia pets. Everything you submit to the free market...keeps getting better and better.
We have not done the things that are necessary to lower emissions because those things fundamentally conflict with deregulated capitalism. ... We are stuck because the actions that would give us the best chance of averting catastrophe - and would benefit the vast majority - are extremely threatening to an elite minority that has a stranglehold over our economy, our political process, and most of our major media outlets.
Putting women's traditional needs at the center of social planning is not reverse sexism. It's the best way to reverse the increasing economic vulnerability of men and women alike.
I think capitalism will survive, because no attractive alternatives exist now
The spirit of militarism has already permeated all walks of life. Indeed, I am convinced that militarism is a greater danger here than anywhere else, because of the many bribes capitalism holds out to those whom it wishes to destroy.
Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them.
The advantage of the free market system is that people invest their capital, they create jobs by investing their capital, and hopefully they get a return on that investment. I don't think there's anything wrong with good old American capitalism.
What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
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