Capitalism Quotes - Page 11

During these years in the small-talk wilderness, I also wondered why Americans valued friendliness with commerce so much. Was handing over cash the sacred rite of American capitalism—and of American life? On a day that I don’t spend money in America, I feel oddly depressed. It’s my main form of social interaction—as it is for millions of Americans who live alone or away from their families.
Karan Mahajan
[I]n communism, you'd threaten a dog into compliance, while in capitalism, obedience is obtained through bribes.
Adam Johnson
Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There's only a difference of degree. We both have the same basic form of government: economic totalitarianism. In other words, the settlement to all questions, the solutions to all issues are determined not by what will make the people most healthy and happy in the bodies and their minds but by economics. Dollars or rubles. Economy uber alles. Let nothing interfere with economic growth, even though that growth is castrating truth, poisoning beauty, turning a continent into a shit-heap and riving an entire civilization insane. Don't spill the Coca-Cola, boys, and keep those monthly payments coming.
Tom Robbins
The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor.
Ludwig von Mises
Some say it's wrong to profit from the misfortune of others. I ask my students whether they'd support a law against doing so. But I caution them with some examples. An orthopedist profits from your misfortune of having broken your leg skiing. When there's news of a pending ice storm, I doubt whether it saddens the hearts of those in the collision repair business. I also tell my students that I profit from their misfortune—their ignorance of economic theory.
Walter E. Williams
I don't want the technology of the 1950s, but I want the free market of the 1950s.
Peter D. Schiff
Have you ever noticed how statists are constantly “reforming” their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact they’re always busy “reforming” is an implicit admission that they didn’t get it right the first 50 times.
Lawrence W. Reed
Freedom is the foundation for all wonderful things in life.
Jeffrey Tucker
The phenomenon of economic ignorance is so widespread, and its consequences so frightening, that the objective of reducing that ignorance becomes a goal invested with independent moral worth.
Israel M. Kirzner
The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when actualised in the form of restrictions on profits of others, is selfish to the extent that it imposes asceticism, and indeed deprivations of all sorts, on others.
Friedrich A. Hayek
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
Ludwig von Mises
In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as every restriction of freedom.
Wilhelm Röpke
Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.
Carl Menger
Nowadays the job of the judge is not to do justice. The judge is more of a functionary . He's like a civil servant whose job is to interpret words written down by another branch of the government, whether those words are just or not.
Stephan Kinsella
The free market is not a system. It is not a policy dictated by anyone in particular. It is not something that Washington implements. It does not exist in any legislation, law, bill, regulation, or book. It is what you get when people act on their own, entirely without central direction, and with their own property, and within human associations of their own creation and in their own interest. It is the beauty that emerges in absence of control.
Jeffrey Tucker
Government programs didn’t arise because the people demanded them or because the free market was unable to provide needed services. They arose because the politicians found them to be a convenient way to buy votes with other people’s money, a convenient way to enlarge their own power, a convenient way to reward their political cronies, and a convenient way to keep people dependent on government.
Harry Browne
Liberty isn't everything. I just allows everything to happen.
A.E. Samaan
The 'free' laborer, thanks to the development of capitalistic production, agrees, i.e. is compelled by social conditions, to sell the whole of his active life, his birthright for a mass of pottage.
Karl Marx
Some capitalism suffers from cronyism. All of socialism is perverted by the crony statism of the powerful few.
A.E. Samaan
...I take as a point of departure the possibility and desirability of a fundamentally different form of society--call it communism, if you will--in which men and women, freed from the pressures of scarcity and from the insecurity of everyday existence under capitalism, shape their own lives. Collectively they decide who, how, when, and what shall be produced.
Michael Burawoy
The novel is... the anti-form proper to modernity itself (which is to say, of capitalism and its cultural and epistemological categories, its daily life). This means... that the novel is also a vehicle of creative destruction. Its function, in some properly capitalist ‘cultural revolution’, is the perpetual undoing of traditional narrative paradigms and their replacement, not by new paradigms, but by something radically different. To use Deleuzian language for a moment, modernity, capitalist modernity, is the moment of passage from codes to axioms, from meaningful sequences, or indeed, if you prefer, from meaning itself, to operational categories, to functions and rules; or, in yet another language, this time more historical and philosophical, it is the transition from metaphysics to epistemologies and pragmatisms, we might even say from content to form.
Fredric Jameson
If I were asked to name the deadliest subversive force within capitalism--the single greatest source of its waning morality--I should without hesitation name advertising. How else should one identify a force that debases language, drains thought, and undoes dignity? If the barrage of advertising, unchanged in its tone and texture, were devoted to some other purpose--say the exaltation of the public sector--it would be recognized in a moment for the corrosive element that it is. But as the voice of the private sector it escapes this startled notice. I mention it only to point out that a deep source of moral decay for capitalism arises from its own doings, not from that of its governing institutions.
Robert L. Hellbroner
Throw an idea into the world and its impact will ripple and reverberate beyond your side of the shore.
A.E. Samaan
America runs on credit darling. Why do you worry, our credit will take care of this payment. It is not saving or cash in hand that matters. We do not need cash, we just need potential. The system in the US believes in potential. That isthe model of the future. You need not be born rich, but you should be in the league that can make it big.
Ravindra Shukla
Americans think New Yorkers are property obsessed, but clearly they haven’t lived a day in Hong Kong. In this part of the world, a man isn’t a man until he is a homeowner. His entire life leads up to the singular moment when he hands over the down-payment check and puts his signature on the triplicate purchase agreement. All the good grades and job promotions he has received are mere preparation; and every source of happiness - marriage, children and retirement - depends on it.
Jason Y. Ng
I expected to be happy, but let me tell you something. Anticipating happiness and being happy are two entirely different things. I told myself that all I wanted to do was go to the mall. I wanted to look at the pretty girls, ogle the Victoria's Secret billboards, and hit on girls at the Sam Goody record store. I wanted to sit in the food court and gorge on junk food. I wanted to go to Bath and Body Works, stand in the middle of the store, and breathe. I wanted to stand there with my eyes closed and just smell, man. I wanted to lose myself in the total capitalism and consumerism of it all, the pure greediness, the pure indulgence, the pure American-ness of it all. I never made it that far. I didn't even make it out of the airport in Baltimore with all its Cinnabons, Starbucks, Brooks Brothers, and Brookstones before realizing that after where we'd been, after what we'd seen, home would never be home again.
Matthew J. Hefti
It seems to me that the Russian prestige is declining and that America holds in its hands the immediate future of the world: as long as America knows how to develop the sense of the earth at the same time as her sense of liberty." [Written from Peking, October 1945, on the eve of departure, after having been stuck there since the war began.]
Pierre Teilhard de Chardin
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
Monitor, transparently, and enforce the separation of Democracy powers: Legislative; Executive; Judicial
Miguel Reynolds Brandao
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
And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy.
Martin Luther King Jr.
A true revolution of values will soon cause us to question the fairness and justice of many of our past and present policies. ... A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa, and South America, only to take the profits out with no concern for the social betterment of the countries, and say, "This is not just." It will look at our alliance with the landed gentry of South America and say, "This is not just." The Western arrogance of feeling that it has everything to teach others and nothing to learn from them is not just.
Martin Luther King Jr.
[W]hat counts as ‘realistic’, what seems possible at any point in the social field, is defined by a series of political determinations. An ideological position can never be really successful until it is naturalized, and it cannot be naturalized while it is still thought of as a value rather than a fact. Accordingly, neoliberalism has sought to eliminate the very category of value in the ethical sense. Over the past thirty years, capitalist realism has successfully installed a ‘business ontology’ in which it is simply obvious that everything in society, including healthcare and education, should be run as a business. … [E]mancipatory politics must always destroy the appearance of a ‘natural order’, must reveal what is presented as necessary and inevitable to be a mere contingency, just as it must make what was previously deemed to be impossible seem attainable.
Mark Fisher
One of the curious things about our educational system, I would note, is that the better trained you are in a discipline, the less used to dialectical method you're likely to be. In fact, young children are very dialectical; they see everything in motion, in contradictions and transformations. We have to put an immense effort into training kids out of being good dialecticians. Marx wants to recover the intuitive power of the dialectical method and put it to work in understanding how everything is in process, everything is in motion. He doesn't simply talk about labor; he talks about the labor process. Capital is not a thing, but rather a process that exists only in motion. When circulation stops, value disappears and the whole system comes tumbling down.
David Harvey
This is what the bourgeois political economists have done: they have treated value as a fact of nature, not a social construction arising out of a particular mode of production. What Marx is interested in is a revolutionary transformation of society, and that means an overthrow of the capitalist value-form, the construction of an alternative value-structure, an alternative value-system that does not have the specific character of that achieved under capitalism. I cannot overemphasize this point, because the value theory in Marx is frequently interpreted as a universal norm with which we should comply. I have lost count of the number of times I have heard people complain that the problem with Marx is that he believes the only valid notion of value derives from labor inputs. It is not that at all; it is a historical social product. The problem, therefore, for socialist, communist, revolutionary, anarchist or whatever, is to find an alternative value-form that will work in terms of the social reproduction of society in a different image. By introducing the concept of fetishism, Marx shows how the naturalized value of classical political economy dictates a norm; we foreclose on revolutionary possibilities if we blindly follow that norm and replicate commodity fetishism. Our task is to question it.
David Harvey
Failure to recognize the historical specificity of the bourgeois conception of rights and duties leads to serious errors. It is for this reason that Marx registers...a vigorous indictment of the anarchist Proudhon... Proudhon in effect took the specifics of bourgeois legal and economic relations and treated them as universal and foundational for the development of an alternative, socially just economic system. From Marx's standpoint, this is no alternative at all since it merely re-inscribes bourgeois conceptions of value in a supposedly new form of society. This problem is still with us, not only because of the contemporary anarchist revival of interest in Proudhon's ideas but also because of the rise of a more broad-based liberal human rights politics as a supposed antidote to the social and political ills of contemporary capitalism. Marx's critique of Proudhon is directly applicable to this contemporary politics. The UN Universal Declaration of Human Rights of 1948 is a foundational document for a bourgeois, market-based individualism and as such cannot provide a basis for a thoroughgoing critique of liberal or neoliberal capitalism. Whether it is politically useful to insist that the capitalist political order live up to its own foundational principles is one thing, but to imagine that this politics can lead to a radical displacement of a capitalist mode of production is, in Marx's view, a serious error.
David Harvey
What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current prices represent possible deals in the future. Prices embed vast information about perceived realities: resource availability, consumer demand, cultural biases and habits, speculations about the future. The price is also an amazing tool. It provides an objective basis for accounting and the assessment of profit and loss. Without prices, real prices rooted in real market experience, we’d been lost.
Jeffrey Tucker
...you'll see, he said, they'll go back to dividing everything up among the priests, the gringos and the rich, and nothing for the poor, naturally, because they've always been so fucked up that the day that shit is worth money, poor people will be born without an asshole...
Gabriel García Márquez
So everybody lives the way they're told to.The way they have to. Everybody most of the time. Not ever all the time. Hair style, clothing, manner of speech, ideas, cars, houses, and everything. Just like they have to. Even the way we walk. But not all the time. Comes a time when everybody breaks out. And that's the only characteristic of human nature I know of. Not greed, not obedience, not violence, nor any of those things the capitalists would have us believe are intrinsic. Only rebellion.
Helen Potrebenko
Today humanity faces a stark choice: save the planet and ditch capitalism, or save capitalism and ditch the planet.
Fawzi Ibrahim
Making universal prosperity a right is the surest way to universal poverty.
J.S.B. Morse
They do say that socialism is the ideal philosophy-just as long as you have capitalists to pay for it.
Wilbur Smith
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
Ludwig von Mises
The issue is always the same: the government or the market. There is no third solution.
Ludwig von Mises
One glance at any government budget anywhere in the world tells the story—the money is always in place, already allocated, the motive everywhere is fear, the more immediate the fear, the higher the multiples.
Thomas Pynchon
It is be­cause freedom means the renun­ciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.
Friedrich A. Hayek
Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people.
Robert Higgs
Fascism is when corporations become the government.
Bill Maher
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
In proportion as you give the state power to do things for you, you give it power to do things to you.
Albert Jay Nock
Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.
Jeffrey Tucker
Having a Constitutional political party is a little like telling a car-jacker, "You're not allowed to do what you're doing! And if you don't stop it right now, we are going to ask you to order yourself to be nice! And if that doesn't work, we are going to try to elect a new car-jacker, who we hope will tell himself not to steal our cars! ... But at least we're not like those silly utopian anarchist kooks out there who refuse to work within the system for change! Those crazy people say there should be NO car-jackers at all!
Larken Rose
In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.
Jeffrey Tucker
the government tends to act like a corporation treating the public as its consumers rather than its citizens
Fairclough Norman
The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.
Murray N. Rothbard
Equality cannot be imagined outside of tyranny.
Charles Forbes René de Montalembert
To be sure, I am not speaking about Christian equality, whose real name is equity; but about this democratic and social equality, which is nothing but the canonization of envy and the chimera of jealous ineptitude. This equality was never anything but a mask which could not become reality without the abolition of all merit and virtue.
Charles Forbes René de Montalembert
Copyright: a system of monopoly privilege over the expression of ideas that enables government to stop consumer-friendly economic development and reward uncompetitive and legally privileged elites to fleece the public through surreptitious use of coercion.
Jeffrey Tucker
Once you understand the economics of the Austrian School and the philosophy of liberty in the tradition of Rothbard, you never look at anything – not the state, the media, the central bank, the political class, nothing – the same way again.
Llewellyn H. Rockwell Jr.

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