Capitalism Quotes

Work, then, institutionalizes homicide as a way of life. People think the Cambodians were crazy for exterminating themselves, but are we any different? The Pol Pot regime at least had a vision, however blurred, of an egalitarian society. We kill people in the six-figure range (at least) in order to sell Big Macs and Cadillacs to the survivors. Our forty or fifty thousand annual highway fatalities are victims, not martyrs. They died for nothing — or rather, they died for work. But work is nothing to die for.

Bob Black

Workers were required to stay six months, and even then permission to quit was not always granted. The factory held the first two months of every worker's pay; leaving without approval meant losing that money and starting over somewhere else. That was a fact of factory life you couldn't know from the outside: Getting into a factory was easy. The hard part was getting out.

Leslie T. Chang

I think records were just a little bubble through time and those who made a living from them for a while were lucky. There is no reason why anyone should have made so much money from selling records except that everything was right for this period of time. I always knew it would run out sooner or later. It couldn't last, and now it's running out. I don't particularly care that it is and like the way things are going. The record age was just a blip. It was a bit like if you had a source of whale blubber in the 1840s and it could be used as fuel. Before gas came along, if you traded in whale blubber, you were the richest man on Earth. Then gas came along and you'd be stuck with your whale blubber. Sorry mate – history's moving along. Recorded music equals whale blubber. Eventually, something else will replace it.

Brian Eno

Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.

David Harvey

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all.

Carne Ross

Capitalism has turned human beings into commodities. To the owner of a restaurant: the cook and a bag of potatoes are equally important.

Mokokoma Mokhonoana

These people live in many lands, speak different languages, practice different religions, may even hate one another- yet none of these differences prevented them from cooperating to produce a pencil. How did it happen? Adam Smith gave us the answer two hundred years ago.

Milton Friedman

How can you measure progress if you don't know what it costs and who has paid for it? How can the "market" put a price on things - food, clothes, electricity, running water - when it doesn't take into account the REAL cost of production?

Arundhati Roy

The main substantive achievement of neoliberalization, however, has been to redistribute, rather than to generate, wealth and income. …[T]his was achieved under the rubric of ‘accumulation by dispossession’. By this I mean the continuation and proliferation of accumulation practices which Marx had treated of as ‘primitive’ or ‘original’ during the rise of capitalism. These include the commodification and privatization of land and the forceful expulsion of peasant populations (compare the cases, described above, of Mexico and of China, where 70 million peasants are thought to have been displaced in recent times); conversion of various forms of property rights (common, collective, state, etc.) into exclusive private property rights (most spectacularly represented by China); suppression of rights to the commons; commodification of labour power and the suppression of alternative (indigenous) forms of production and consumption; colonial, neocolonial, and imperial processes of appropriation of assets (including natural resources); monetization of exchange and taxation, particularly of land; the slave trade (which continues particularly in the sex industry); and usury, the national debt and, most devastating of all, the use of the credit system as a radical means of accumulation by dispossession.

David Harvey

Recall Marx’s fundamental insight about the “bourgeois” limitation of the logic of equality: capitalist inequalities (“exploitation”) are not the “unprincipled violations of the principle of equality,” but are absolutely inherent to the logic of equality, they are the paradoxical result of its consistent realization. What we have in mind here is not only the wearisome old motif of how market exchange presupposes formally/legally equal subjects who meet and interact in the market; the crucial moment of Marx’s critique of “bourgeois” socialists is that capitalist exploitation does not involve any kind of “unequal” exchange between the worker and the capitalist—this exchange is fully equal and “just,” ideally (in principle), the worker gets paid the full value of the commodity he is selling (his labor-power). Of course, radical bourgeois revolutionaries are aware of this limitation; however, the way they try to counteract it is through a direct “terroristic imposition of more and more de facto equality (equal salaries, equal access to health services…), which can only be imposed through new forms of formal inequality (different sorts of preferential treatments for the underprivileged). In short, the axiom of equality” means either not enough (it remains the abstract form of actual inequality) or too much (enforce “terroristic” equality)— it is a formalistic notion in a strict dialectical sense, that is, its limitation is precisely that its form is not concrete enough, but a mere neutral container of some content that eludes this form.

Slavoj Žižek

Soon, if we are not prudent, millions of people will be watching each other starve to death through expensive television sets

Aneurin Bevan

In proportion as the machine is improved and performs man's work with an ever increasing rapidity and exactness, the labourer, instead of prolonging his former rest times, redoubles his ardour, as if he wished to rival the machine. O, absurd and murderous competition!

Paul Lafargue

...the average Frenchman would shrug, as if to say: "These notions of yours are all very fascinating, no doubt, but we make a decent living. Nobody has ulcers. I have time to work on my monograph about Balzac, and my foreman enjoys his espaliered pear trees. I think as a matter of fact, we do not wish to make the changes that you suggest.

Julia Child

By making our defenseless planet the ultimate beneficiary of our economic activity, we align our values with a different set of motivations. When we begin to see life as an interdependent mesh, we place the survival of the human species on equal footing with our economic interests and ourselves.

Said Elias Dawlabani

What economists and political scientists today call the “rational choice of individuals,” but what Smith called “the individual pursuit of happiness,” leads according to this view in a mechanical way to general welfare. As Alexander Pope in his Essay on Man put it: “true Self Love and Social are the same.” While this is the foundation of liberal capitalism, Marx’s dialectical materialism is not different in its selection of the economy as the prime mover. In this way the economy becomes the most important purpose of society. Fortunately, the economy has laws of causation, or, at least, that is what economists would like us to believe. Statistics are gathered to provide an objectified view of reality that enables social engineering. The individual and the collective are simultaneously put in an economic framework that is secular not in the sense that it is nonreligious, since individuals can rationally pursue religious ends, but in the sense that a God-given order of society has been replaced by an order that is constantly produced by homo economicus” (p. 41).

Peter van der Veer

Communism in a capitalist world requires eliminating the hope of the citizens for owning what others own.

Osman Doluca

Marx made theory... Lenin applied it with his sense of large-scale social organization... And Henry Ford made the work of the socialist state possible.

Diego Rivera

For capitalism to develop, customary ties between people and the land must be severed, and communal obligations among people disrupted.

David McNally

Indentured servitude is banned, but what about students seeking to sell shares of their future earnings in exchange for money up front to pay for their college tuitions?

Robert B. Reich

This is a nation of inconsistencies. The Puritans fleeing from oppression became oppressors. We fought England for our liberty and put chains on four million of blacks. We wiped out slavery and our tariff laws and national banks began a system of white wage slavery worse than the first. Wall Street owns the country. It is no longer a government of the people, by the people, and for the people, but a government of Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master.

Mary Lease

The question will arise and arise in your day, though perhaps not fully in mine: Which shall rule — wealth or man? Which shall lead — money or intellect? Who shall fill public stations — educated and patriotic freemen or the feudal serfs of corporate capital?

Edward G. Ryan

The principle locations of exploitation have moved, through the mechanism of 'globalisation', to where most of us can't see them and don't really care about them if we do.

David Smail

The Union is what needs defending this year. Government of Enron and by Halliburton and for the Southern Baptists is not the same as what Lincoln spoke of. This gang of Republicans has humbugged us to death on terrorism and tax cuts for the comfy and school prayer and flag burning and claimed the right to know what books we read and to dump their sewage upstream from the rest of us and clear-cut the forests and gut the IRS and promote the corporate takeover of the public airwaves and to hell with anybody who opposes them.

Garrison Keillor

There is a lot of talk about "rigged games" as of late. Big government is the most insipid of all "rigged games". There is no choice available to the public allowing it to avoid a big over-arching government. You can always chose not do business with a big corporation. Corporations that are distasteful can be avoided. A big, powerful, government bent on intrusion cannot be avoided.

A.E. Samaan

If the authorities under various false pretenses, continue curtailing the rights of citizens, so that they merely become serfs to a handful of multinational companies, a global rebellion of ordinary people against super capitalism is certainly not inconceivable.

A.J. Beirens

I heard Mansour say to Richard, ‘You transmitted to us the disease of your capitalist economy. What did you give us except for a handful of capitalist companies that drew off our blood — and still do?’ Richard said to him, ‘All this shows that you cannot manage to live without us. You used to complain about colonialism and when we left you created the legend of neo-colonialism. It seems that our presence, in an open or undercover form, is as indispensable to you as air and water.’ They were not angry: they said such things to each other as they laughed, a stone’s throw from the Equator, with a bottomless historical chasm separating the two of them.

Tayeb Salih

Capitalism is not a form of government. Capitalism is but one thing only: Buy Low - Sell High. Capitalism is what happens when a government allows free association and respects property rights. It is a symptom of liberty.

A.E. Samaan

Capitalists grow wealth. Socialists redistribute wealth.... but population grows, so the Socialist population control kicks in in the form of eugenics.

A.E. Samaan

The collective impact of these failures has been a complete erosion of ethical standards, ultimately leading to a novel system we still call Capitalism, but which is tantamount to economic slavery. In this system—our system—the slaves are unaware both of their status and of their masters, who exist in a world apart where the intangible shackles are carefully hidden amongst reams of unreachable legalese.

John Doe

Class analysis can thus function not simply as part of scientific theory of interests and conflicts, but of an emancipatory theory of alternatives and social justice as well. Even if socialism is off the historical agenda, the idea of countering the exploitative logic of capitalism is not.

Erik Olin Wright

Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power" <-- This is a fake quote, it appears in none of the writings or recorded speeches of Mussolini.― Benito Mussolini

Benito Mussolini

It was evidently quite obvious to a powerful intellect like his that the one essential condition for a healthy society was equal distribution of goods - which I suspect is impossible under capitalism. For, when everyone's entitled to get as much for himself as he can, all available property, however much there is of it, is bound to fall into the hands of a small minority, which means that everyone else is poor.

Thomas More

Reform or no reform, he never ceased to promote the interests of St. Denis and the Royal House of France with the same naive, and in his case not entirely unjustified, conviction of their identity with those of the nation and with the Will of God as a modern oil or steel magnate may promote legislation favorable to his company and to his bank as something beneficial to the welfare of this country and to the progress of mankind.

Erwin Panofsky

What I mean when I talk about sovereignty is that "we have a different way of being". Those of us who are organising around the idea of sovereignty are not asking for inclusion within the capitalist system. We're not asking for the so-called benefits of a capitalist system, which is always based on exclusions because it is based on privatising what was once communal and shared. We're saying no to being incorporated. We're saying yes to a completely different way of being, to a society based on commonality and plurality, not the fundamentalism of markets, religion, and the gender binary. We're not pushing to get in. Why should we want to enmesh ourselves in an economy and a political system that is driving the planet and our species toward destruction?

Sendolo Diamina

To say that "the worker has an interest in the rapid growth of capital", means only this: that the more speedily the worker augments the wealth of the capitalist, the larger will be the crumbs which fall to him, the greater will be the number of workers than can be called into existence, the more can the mass of slaves dependent upon capital be increased.

Karl Marx

What imperialists actually wanted was expansion of political power without the foundation of the body politic. Imperialist expansion had been touched off by a curious kind of economic crisis, the overproduction of capital and the emergence of "superfluous" money, the result of oversaving, which could no longer find productive investment within national borders. For the first time, investment of power did not pave the way for investment of money, since uncontrollable investments in distant countries threatened to transform large strata of society into gamblers, to change the whole capitalist economy from a system of production to a system of financial speculation, and to replace the profits of production with profits in commissions. The decade immediately before the imperialist era, the seventies of the last century, witnessed an unparalleled increase in swindles, financial scandals, and gambling in the stock market.

Hannah Arendt

It appears - because it has been the case for twenty years - that every problem is solvable...that no matter how badly the world economy slumps there is a pain-free way out of it. Once the realization dawns that there is not, and that the pain will be severe, the question is posed that has not really been posed for twenty years: who should feel it?

Paul Mason

Henceforth the crisis of urbanism is all the more concretely a social and political one, even though today no force born of traditional politics is any longer capable of dealing with it. Medico-sociological banalities on the 'pathology of housing projects,' the emotional isolation of people who must live in them, or the development of certain extreme reactions of rejection, chiefly among youth, simply betray the fact that modern capitalism, the bureaucratic society of consumption, is here and there beginning to shape its own setting. This society, with its new towns, is building the terrain that accurately represents it, combining the conditions most suitable for its proper functioning, while at the same time translating in space, in the clear language of organization of everyday life, its fundamental principle of alienation and constraint. It is likewise here that the new aspects of its crisis will be manifested with the greatest clarity.

Tom McDonough

He had been taught as a child that Urras was a festering mass of inequity, iniquity, and waste. But all the people he met, and all the people he saw, in the smallest country village, were well dressed, well fed, and contrary to his expectations, industrious. They did not stand about sullenly waiting to be ordered to do things. Just like Anaresti, they were simply busy getting things done. It puzzled him. He had assumed that if you removed a human being's natural incentive to work -- his initiative, his spontaneous creative energy -- and replaced it with external motivation and coercion, he would become a lazy and careless worker. But no careless workers kept those lovely farmlands, or made the superb cars and comfortable trains. The lure and compulsion of profit was evidently a much more effective replacement of the natural initiative than he had been led to believe.

Ursula K Le Guin

The whole discussion now underway on revolutionary forms in Russia and in China boils down to the judgement to be made of the historical phenomenon of the "appearance" of industrialism and mechanisation in huge areas of the world previously dominated by landed and precapitalist forms of production.Constructing industrialism and mechanising things is supposedly the same as building socialism whenever central and "national" plans are made. This is the mistaken thesis.

Amadeo Bordiga

[I]f you think that American imperialism and its globalised, capitalist form is the most dangerous thing in the world, that means you don't think the Islamic Republic of Iran or North Korea or the Taliban is as bad.

Christopher Hitchens

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

Noam Chomsky

They cannot see that growth for the sake of growth is a cancerous madness, that Phoenix and Albuquerque will not be better cities to live in when their populations are doubled again and again. They would never understand that an economic system which can only expand or expire must be false to all that is human.

Edward Abbey

In a capitalist society there are always inequalities of class and wealth. People who inherit money and property will always see themselves as being superior to those who have to work for it.

Sally Wentworth

The same rightists who decades ago were shouting, 'Better dead than red!' are now often heard mumbling, 'Better red than eating hamburgers.

Slavoj Žižek

Deregulation is a transfer of power from the trodden to the treading. It is unsurprising that all conservative parties claim to hate big government.

George Monbiot

This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in times of crisis. In order to ensure the survival of the richest, it is democracy that has to be heavily regulated rather than capitalism.

Tariq Ali

What is this so-called 'employment flexibility'? It simply means that employers, in their quest to reduce costs whilst trying to meet the demands of globalisation, are disregarding the traditional job boundaries – often to the detriment of the unskilled, non-standard worker. Employers use non-standard workers to avoid restrictive labour laws and collective bargaining restraints. In addition, the practice provides them with more flexibility.

E.S. Fourie

Corruption ultimately guilts the corrupt, and it hardens the innocent who suffer as a result of it. It isn't the young who corrupt the old, rather it's the inverse.The aim of the old should be to ensure that the young grow up incorruptible.

Justin K. McFarlane Beau

Those who find it hypocritical of others to use, say, a smartphone, to speak ill of capitalism, needs to be reminded that capitalism is an ideology, not a technology.

Mokokoma Mokhonoana

She looked at her note cards and took a breath. "Why I Love America, by Hayley McDonald's. America is the greatest group of countries in the world because we have freedom. In countries like France, where the Government isn't privatized, they still have to pay tax and do whatever the Government says, which would really suck. In USA countries, we respect individual rights and let people do whatever they want.

Max Barry

Liberty isn't everything. I just allows everything to happen.

A.E. Samaan

Some capitalism suffers from cronyism. All of socialism is perverted by the crony statism of the powerful few.

A.E. Samaan

Any system that values profit over human life is a very dangerous one indeed. Simply put, it lacks values, and such a system will eventually collapse once its true light is discovered by the masses. Though some say that capitalism is a modern system, corruption has been the source for the demise of every great civilization.

Suzy Kassem

Capitalism is a social system owned by the capitalistic class, a small network of very wealthy and powerful businessmen, who compromise the health and security of the general population for corporate gain.

Suzy Kassem

Can anything be imagined more abhorrent to every sentiment of generosity and justice, than the law which arms the rich with the legal right to fix, by assize, the wages of the poor? If this is not slavery, we have forgotten its definition. Strike the right of associating for the sale of labor from the privileges of a freeman, and you may as well bind him to a master, or ascribe him to the soil.

William Cullen Bryant

Capitalism is a social system where the health and security of a nation are compromised for corporate gain.

Suzy Kassem

Honesty is the best Policy is the Capitalistic thought as it gives free of cost Security to their assets and to their investments........

Tarif Naaz

Democracy is probably the only discovery by mankind which mostly brought it only happiness.

Amit Kalantri

In fact the "mask" theme has come up several times in my background reading. Richard Sennett, for example, in "The Corrosion of Character: The Personal Consequences of Work in the New Capitalism", and Robert Jackall, in "Moral Mazes: The World of Corporate managers", refer repeatedly to the "masks" that corporate functionaries are required to wear, like actors in an ancient Greek drama. According to Jackall, corporate managers stress the need to exercise iron self-control and to mask all emotion and intention behind bland, smiling, and agreeable public faces. Kimberly seems to have perfected the requisite phoniness and even as I dislike her, my whole aim is to be welcomed into the same corporate culture that she seems to have mastered, meaning that I need to "get in the face" of my revulsion and overcome it. But until I reach that transcendent point, I seem to be stuck in an emotional space left over from my midteen years: I hate you; please love me.

Barbara Ehrenreich

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Capitalism Quotes

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