Capitalism Quotes - Page 15

The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market.

Ludwig von Mises

Etatism, as a theory, is the doctrine of the omnipotence of the State, and, as a policy, the attempt to regulate all mundane affairs by authoritative commandment and prohibition. The ideal society of etatism is a particular sort of socialistic community; it is usual in discussions involving this ideal society to speak of State Socialism, or, in some connexions, of Christian Socialism.

Ludwig von Mises

Etatism by no means aims at the formal transformation of all ownership of the means of production into State ownership by a complete overthrow of the established legal system. Only the biggest industrial, mining, and transport enterprises are to be nationalized; in agriculture, and in medium- and small-scale industry, private property is nominally to continue. Nevertheless, all enterprises are to become State undertakings in fact. Owners are to be left the title and dignity of ownership, it is true, and to be given a right to the receipt of a 'reasonable' income, 'in accordance with their position'; but, in fact, every business is to be changed into a government office and every livelihood into an official profession.

Ludwig von Mises

There is no room at all for independent enterprise under any variety of State Socialism. Prices are to be regulated authoritatively; authority is to fix what is to be produced, and how, and in what quantities. There is to be no speculation, no 'excessive' profit, no loss. There is to be no innovation unless it be decreed by authority. The official is to direct and supervise everything.

Ludwig von Mises

Every word of etatistic thought is contradicted by the doctrines of sociology and economics; this is why etatists endeavour to prove that these sciences do not exist. In their opinion, social affairs are shaped by the State. To the law, all things are possible; and there is no sphere in which State intervention is not omnipotent.

Ludwig von Mises

That the social life of human beings is subject to definite limitations; that it is governed by a set of laws that are comparable with those of Nature; these are notions that are unknown to the etatist. For the etatist, everything is a question of Macht - power, force, might. And his conception of Macht is crudely materialistic.

Ludwig von Mises

History likewise shows that sometimes the 'monetary standard of the victors' can prove to be very bad. There have seldom been more brilliant victories than those eventually achieved by the American insurgents under Washington against the English troops. But the American 'continental" dollar did not benefit from them. The more proudly the star-spangled banner rose on high, the lower did the exchange-rate fall, until, at the very moment when the victory of the rebels was secured, the dollar became entirely valueless. The course of events was no different not long afterwards in France. In spite of the victories of the revolutionary army, the metal premium rose.

Ludwig von Mises

For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money.

Ludwig von Mises

Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one.

Ludwig von Mises

The oldest and most popular instrument of etatistic monetary policy is the official fixing of maximum prices. High prices, thinks the etatist, are not a consequence of an increase in the quantity of money, but a consequence of reprehensible activity on the part of 'bulls' and 'profiteers'; it will suffice to suppress their machinations in order to ensure the cessation of the rise of prices. Thus it is made a punishable offence to demand, or even to pay, 'excessive' prices.

Ludwig von Mises

Let us merely discuss the question, what consequences would necessarily follow if, ceteris paribus, with an increasing quantity of money, prices were restricted to the old level by official compulsion? An increase in the quantity of money leads to the appearance in the market of new desire to purchase, which had previously not existed; 'new purchasing power', it is usual to say, has been created. If the new would-be purchasers compete with those that are already in the market, then, so long as it is not permissible to raise prices, only part of the total purchasing power can be exercised.

Ludwig von Mises

The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.

Ludwig von Mises

For once the commodities have been sold that were already on the market when their price was authoritatively fixed at a level below that demanded by the situation of the market, then the emptied store-rooms are not filled again. Charging more than a certain price is prohibited, but producing and selling has not been made compulsory. There are no longer any sellers. The market ceases to function. But this means that economic organization based on division of labour becomes impossible. The level of money-prices cannot be fixed without overthrowing the system of social division of labour.

Ludwig von Mises

An attempt is sometimes made to demonstrate the desirability of measures directed against speculation by reference to the fact that there are times when there is nobody in opposition to the bears in the foreign-exchange market so that they alone are able to determine the rate of exchange. That, of course, is not correct. Yet it must be noticed that speculation has a peculiar effect in the case of a currency whose progressive depreciation is to be expected while it is impossible to foresee when the depreciation will stop, if at all. While, in general, speculation reduces the gap between the highest and lowest prices without altering the average price-level, here, where the movement will presumably continue in the same direction, this naturally can not be the case. The effect of speculation here is to permit the fluctuation, which would otherwise proceed more uniformly, to proceed by fits and starts with the interposition of pauses.

Ludwig von Mises

Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them.

Ludwig von Mises

Money’ll always end up bad. Man’s greed and man’s killer instinct go hand-in-hand. Watch a barracuda attack something shiny and you’ll see what our fascination with gold is. Think about it. We give actually valuable things like food and shelter for stones. We kill for it. Make no mistake, behind every man who seeks his fortune is a predator.

James Schannep

Happiness in a family really revolves around how much money I have in my disposal.

Vann Chow

Policymakers cannot take the situation lightly, for at its worst, it speaks to “intergenerational inequity” – a breaking of the social contract between two generations.

Usman W. Chohan

Actions that exemplify the limitations of a singular devotion to the profit motive, also draw a troublesome distinction between what is legal and what is moral.

Usman W. Chohan

Philosopher Jean Baudrillard made a similar observation about the use of material goods as symbols of immaterial values. He noted that any given material object has two kinds of value: it has use value (the amount of utility which can be derived from the good), and it has sign value (a value based on what the object means to the person who owns it.) Advertisers constantly attempt to increase the amount that people will pay for products by infusing them with artificial sign value. Emotional branding, for example, is the practice of using images to link a product with a positive emotional state, so that people will unthinkingly purchase the product when they crave the emotion.

Melinda Selmys

Any system that values profit over human life is a very dangerous one indeed.

Suzy Kassem

Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere.

Thomas Piketty

g*d wept, but that mattered little to an unbelieving age ... for there began to rise in America in 1876 a new capitalism & a new enslavement of labor" --w.e.b. dubois

Debois

The reality is fuck the animals, fuck biodiversity, fuck the laws, and long live construction," [Ricardo Freitas] said. "All of this is being done because some people will make a lot of money, and it's being done with no monitoring, no support, no rescue of species.

Juliana Barbassa

That’s the thing,” she said. “You add on getting rid of starvation and poverty like it’s a fringe benefit. Like the slice of lemon you get with a plate of whitebait.” He laughed. “That’s why I succeed,” he said, “where the men with beautiful souls always fail. If you walk through the market asking the stallholders to give you a slice of lemon for free, they’d laugh in your face. Pay for the whitebait and you get a good meal of whitebait for your money, plus the free lemon.

K.J. Parker

Capitalism has a way of letting people view the world through rose-coloured glasses.

Rebecca McNutt

It is everyone's bounden duty to try to get more than they have got already. If you have got two shillin' you try to make it into four shillin' . . . there is no end to it.

Barry Unsworth

This planet was a marketplace where evil tugged murderously at its chains. Its spies were everywhere. At windy corners where young girls with knowing children’s faces were selling flowers and matches, on the operating tables at the hospitals, in the slums, at railway stations, under viaducts.

Paul Leppin

The hand that gives is among the hand that takes. Money has no fatherland, financiers are without patriotism and without decency, their sole object is gain.

Napoléon Bonaparte

The rock and roll business is pretty absurd, but the world of serious music is much worse.

Frank Zappa

Somebody said to me, 'But the Beatles were anti-materialistic.' That's a huge myth. John and I literally used to sit down and say, 'Now, let's write a swimming pool.

Paul McCartney

Rhetorical bombast, music and song resound, banners wave, flowers and colors serve as symbols, and the leaders seek to attach their followers to their own person. Liberalism has nothing to do with all this. It has no party flower and no party color, no party song and no party idols, no symbols and no slogans. It has the substance and the arguments. These must lead it to victory.

Ludwig von Mises

Colonialism is the mother of terrorism.

Suzy Kassem

Because life is robust,Because life is bigger than equations, stronger than money, stronger than guns and poison and bad zoning policy, stronger than capitalism,Because Mother Nature bats last, and Mother Ocean is strong, and we live inside our mothers forever, and Life is tenacious and you can never kill it, you can never buy it,So Life is going to dive down into your dark pools, Life is going to explode the enclosures and bring back the commons,O you dark pools of money and law and quantitudinal stupidity, you oversimple algorithms of greed, you desperate simpletons hoping for a story you can understand,Hoping for safety, hoping for cessation of uncertainty, hoping for ownership of volatility, O you poor fearful jerks,Life! Life! Life! Life is going to kick your ass.

Kim Stanley Robinson

The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is "free," what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.

Albert Einstein

But every acquisition that is disproportionate to the labor spent on it is dishonest.

Leo Tolstoy

In my opinion, the sun was made to light worthier toil than this.

Henry David Thoreau

Any human being should be capable of three things to earn such title: live alone, hunt and drive anything with or without wheels. If you don't have these three things, you're either a slave or an animal. Any idea about being social or human has been cleverly associated with these two things, in order to make believe that being a social animal is the ideal to aspire for, especially if such animal is enslaved by a certain amount of ideals promoted by the system that gives him life and cuts it off as soon as he shows himself undeserving.

Robin Sacredfire

The essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many. The glittering mansion overlooks a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force.

Michael Parenti

The marketplace is an institution that teaches self-advancement, private acquisition, and the domination of nature. Its way of thinking is incompatible with the round river. Ecological harmony is a nonmarket value that takes a collective will to achieve.

Donald Worster

The bourgeois during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have all preceding generations together.

Karl Marx

If one looks at modern society, it is obvious that in order to live, the great majority of people are forced to sell their labour power. All the physical and intellectual capacities existing in human beings, in their personalities, which must be set in motion to produce useful things, can only be used if they are sold in exchange for wages. Labour power is usually perceived as a commodity bought and sold nearly like all others. The existence of exchange and wage-labour seems normal, inevitable. Yet the introduction of wage-labour involved conflict, resistance, and bloodshed. The separation of the worker from the means of production, now an accepted fact of life, took a long time and was accomplished by force.In England, in the Netherlands, in France, from the sixteenth century on, economic and political violence expropriated craftsmen and peasants, repressed indigence and vagrancy, imposed wage-labour on the poor. Between 1930 and 1950, Russia decreed a labour code which included capital punishment in order to organise the transition of millions of peasants to industrial wage-labour in less than a few decades. Seemingly normal facts: that an individual has nothing but his labour power, that he must sell it to a business unit to be able to live, that everything is a commodity, that social relations revolve around market exchange… such facts now taken for granted result from a long, brutal process.By means of its school system and its ideological and political life, contemporary society hides the past and present violence on which this situation rests. It conceals both its origin and the mechanism which enables it to function. Everything appears as a free contract in which the individual, as a seller of labour power, encounters the factory, the shop or the office. The existence of the commodity seems to be an obvious and natural phenomenon, and the periodic major and minor disasters it causes are often regarded as quasi-natural calamities. Goods are destroyed to maintain their prices, existing capacities are left to rot, while elementary needs remain unfulfilled. Yet the main thing that the system hides is not the existence of exploitation or class (that is not too hard to see), nor its horrors (modern society is quite good at turning them into media show). It is not even that the wage labour/capital relationship causes unrest and rebellion (that also is fairly plain to see). The main thing it conceals is that insubordination and revolt could be large and deep enough to do away with this relationship and make another world possible.

Gilles Dauvé

The capital amassed in the eighteenth and nineteenth centuries through various forms of slave economy is still in circulation, said De Jong, still bearing interest, increasing many times over and continually burgeoning anew.

W.G. Sebald

One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.

Carl Sagan

I think commercialism helps Christmas and I think that the more capitalism we can inject into the Christmas holiday the more spiritual I feel about it

Craig Ferguson

The data on the economic utility of artists is really, really strong. Artists and entrepreneurs are the same people...and of course entrepreneurs are the people who provide all of the vision for the entire capitalist system. They're absolutely necessary.But conservatives tend to be so blind to art that they can't even see that the artists are the ones who drive the economy forward!

Jordan Peterson

Culture jamming is enjoying a resurgence, in part because of technological advancements but also more pertinently, because of the good old rules of supply and demand. Something not far from the surfaces of the public psyche is delighted to see the icons of corporate power subverted and mocked. There is, in short, a market for it. With commercialism able to overpower the traditional authority of religion, politics and schools, corporations have emerged a the natural targets for all sorts of free-floating rage and rebellion. The new ethos that culture jamming taps into is go-for-the-corporate-jugular.

Naomi Klein

You cannot create a piece of art merely for money. Doing it as part of commerce so denudes art of wonder that it ceases to be art.

Seth Godin

They lived off each other's hypocrisy, fuelling a worthless market of trash.

E.A. Bucchianeri

As humanity perfects itself, man becomes degraded. When everything is reduced to the mere counter-balancing of economic interests, what room will there be for virtue? When Nature has been so subjugated that she has lost all her original forms, where will that leave the plastic arts? And so on. In the mean time, things are going to get very murky.

Gustave Flaubert

It is the sensitive people in any organization that become aware of the need to discover the acceptable "middle" ground between "profit only" and "people only" and act accordingly.

Herman L Glaess

A system is corrupt when it is strictly profit-driven, not driven to serve the best interests of its people, but those of multinational corporations.

Suzy Kassem

...capitalism satisfied the Christian demand for an institution that channels selfish human desire toward the betterment of society. Some critics accuse capitalism of being a selfish system, but the selfishness is not in capitalism - it is in human nature.

Dinesh D'Souza

Money is sacred as everyone knows... So then must be the hunger for it and the means we use to obtain it. Once a man is in debt he becomes a flesh and blood form of money, a walking investment. You can do what you like with him, you can work him to death or you can sell him. This cannot be called cruelty or greed because we are seeking only to recover our investment and that is a sacred duty.

Barry Unsworth

Books, you know, they’re not just commodities. The profit motive often is in conflict with the aims of art. We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art, and very often in our art—the art of words.

Ursula K Le Guin

Our planet is about ... billions of years old. So far, the earliest finds of modern human skeletons come from Africa, which date to nearly 200,000 years ago. We have made such an advanced technological progress, but here we are today, still condemning women based on their sexuality and celebrate it every year. This very 'social' movement is the enemy of women and humanity in general for it is feeding the labels, categorizations, divisions, and inequalities for somewhat 100 years now.Since its inception somewhere in the early 1900s, women were finally given(external) 'rights' allowing us to work and even vote. There used to be and quite outrageously still is a huge inequality in the functions/roles of men and women in homes, workplaces and in civil society. Women were then seen as inferior and still are today, mainly because economic achievement has become one of the most important foundation and determinant in the worthiness/value of an individual."Womens day" pretends to celebrate women but the opposite is true. Through its systematized, preplanned and preconstructed feminist surrogate, women have been slowly but steadily stripped off a secure, nurturing sacred and honoured image as wives, mothers, but above all as procreating human beings representing life and its backbone, are turned into cheap, brainless, sexual objects and hostages of the economy.And whenever the tyranny of materialism and capitalism ends, and we the people as a whole recognize the inherent, deep rootedness and nature of human beings, will the female sex be liberated from feminism.

Nadja Sam

Since men are not equals in white supremacist, capitalist, patriarchal class structure, which men do women want to be equal to?

Bell Hooks

If you are stuck in circumstances in which it takes Herculean efforts to get through the day— doing low-income work, obeying an authoritarian boss, buying clothes for the children, dealing with school issues, paying the rent or mortgage, fixing the car, negotiating with a spouse, paying taxes, and caring for older parents— it is not easy to pay close attention to larger political issues. Indeed you may wish that these issues would take care of themselves. It is not a huge jump from such a wish to become attracted to a public philosophy, spouted regularly at your job and on the media, that economic life would regulate itself automatically if only the state did not repeatedly intervene in it in clumsy ways. Now underfunded practices such as the license bureau, state welfare, public health insurance, public schools, public retirement plans, and the like begin to appear as awkward, bureaucratic organizations that could be replaced or eliminated if only the rational market were allowed to take care of things impersonally and quietly, as it were. Certainly such bureaucracies are indeed often clumsy. But more people are now attracted to compare that clumsiness to the myth of how an impersonal market would perform if it took on even more assignments and if state regulation of it were reduced even further. So a lot of “independents” and “moderates” may become predisposed to the myth of the rational market in part because the pressures of daily life encourage them to seek comfort in ideological formations that promise automatic rationality.

William E. Connolly

[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.

Paul Krugman

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Capitalism Quotes - Page 15

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