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The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve 'the common good.' It is true that capitalism does -- if that catch-phrase has any meaning -- but this is merely a secondary consequence. The moral justification for capitalism lies in the fact that it is the only system consonant with man's rational nature, that it protects man's survival qua man, and that its ruling principle is: justice
Ayn RandMichael Moore didn't have to worry that anyone would misinterpret the title of his film, 'Capitalism: A Love Story,' because in Hollywood, no one loves capitalism. That's too bad, because Hollywood is one of capitalism's greatest successes.
Alex TabarrokThere is a contradiction between market liberalism and political liberalism. The market liberals (e.g., social conservatives) of today want family values, less government, and maintain the traditions of society (at least in America's case). However, we must face the cultural contradiction of capitalism: the progress of capitalism, which necessitates a consumer culture, undermines the values which render capitalism possible
Slavoj ลฝiลพekI was guilty of judging capitalism by its operations and socialism by its hopes and aspirations; capitalism by its works and socialism by its literature.
Sidney HookLaissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.
Karl HessLets embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets.
Maria CantwellThe worldโs biggest problem is the unequal distribution of capitalism. If there were capitalism everywhere, you wouldnโt have food shortages.
Rush LimbaughCapitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.
Ludwig von MisesIn a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
Bill GatesCommunism, like any other revealed religion, is largely made up of prophecies. When they fail to come off its clergy simply say that they will be realized later on. Thus, if we have another boom, they will argue that the collapse of capitalism is only postponed. The fact that the greatest booms ever heard of followed Marx's formal prophecy of the downfall of capitalism is already forgotten, just as millions have long since forgotten the early Christian prophecy that the end of the world was at hand. The first Christians accepted postponements as docilely as the Communists of today.
H. L. MenckenSome critics accuse capitalism of being a selfish system, but the selfishness is not in capitalism - it is in human nature.
Dinesh D'SouzaCapitalism has created the highest standard of living ever known on earth. The evidence is incontrovertible. The contrast between West and East Berlin is the latest demonstration, like a laboratory experiment for all to see. Yet those who are loudest in proclaiming their desire to eliminate poverty are loudest in denouncing capitalism. Man's well-being is not their goal.
Ayn RandIf capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.
Milton FriedmanAs far as Marx's analysis of capitalism, there's a lot of very useful ideas in it, but he's developing an abstract model of 19th century capitalism. It's abstract and it's changed.
Noam ChomskyI'm a capitalist. I believe in capitalism. But capitalism only works if you have safety nets to deal with people who are naturally left behind and brutalized by it.
Thomas FriedmanKarl Marx left it to others to find the way beyond capitalism to a higher form of society. He saw his role as giving them as accurate a theory as he could of how capitalism works, which would also show them the reasons why it needs to be abolished and replaced by a freer and more human form of society.
Allen W. WoodWhen we truly discover love, capitalism will not be possible and Marxism will not be necessary.
William O'BrienCapitalism rules worldwide, and a society whose economic fabric depends on constant growth requires that its citizens have ever-expanding needs and wants... In the West, it will take one with soul force equal to Gandhi's to change the prevailing dogma of ever increasing GNP. We may be forced to change our profligate ways some day, when the soil is depleted, the aquifers drained, the icecaps melted, and all the oil wells pumped dry. But the crisis will wait another fifty years or so; we'll leave those problems to a generation yet unborn.
Philip YanceyThe companies only developed if the state did not intervene in the French fashion. If on the contrary a certain degree of economic freedom was the rule, capitalism moved in firmly and adapted itself to all administrative quirks and difficulties
Fernand BraudelIt 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 RobinsonAs a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capitalism: set up businesses, let them fail, avoid paying suppliers, use bankruptcy laws to avoid taxes for decades, then set up another business somewhere else. It is this model that is the cause of many problems we see today.
Mariana MazzucatoThe only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.
Jim StanfordCapitalism, by its nature, entails a constant process of motion, growth and progress.
Nathaniel BrandenI regard it as very unfair, but capitalism without failure is like religion without hell.
Charlie MungerYes, we're dreamers. We want it all. We want a peaceful world. We want an egalitarian world. We don't want war. We don't want capitalism. We want a decent society.
Howard ZinnForget socialism, capitalism, just-in-time deliveries, salary surveys, and the rest ... concentrate on building organizations that accomplish that most difficult of all challenges: to make people look forward to coming to work in the morning.
Ricardo SemlerIn 2003, Helmut Schmidt said: Predatory capitalism exists, we have to civilize it and we can do that via Europe. He was right. We haven't tried hard enough.
Martin SchulzIf there is one thing all Fascists and National Socialists agreed on, it was their hostility to capitalism.
Eugen WeberThe market came with the dawn of civilization and it is not an invention of capitalism. ... If it leads to improving the well-being of the people there is no contradiction with socialism.
Mikhail GorbachevIn the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
John Kenneth GalbraithIn Southeast Asia the world is understood to be a vast, complex network of interdependent relationships. So when global capitalism makes it impossible for small-time rice farmers to feed their families and make a living, it is a natural thing for anyone in the family who can find an alternative source of income to do so.
John BurdettTechnological change can become 'fetishized' as a 'thing in itself', as an exogenous guiding force in the history of capitalism.
David HarveyThis crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future.
Albert EinsteinCapitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.
David KortenThe challenge of our generation, whether it's young lawyers, young investment bankers, is to make capitalism work for people not just around the corner, but for people all around the world.
Kabir SehgalThe greatest historical events in the twentieth century - in fact, in all of human history - have been the overthrow of capitalism and establishment of societies run by and for the working class in the two great communist revolutions in Russia and China.
Grover FurrWhen we truly discover how to love our neighbor as our self, Capitalism will not be possible and Marxism will not be necessary.
Shane ClaiborneNetwork marketing is really the greatest source of grass-roots capitalism, because it teaches people how to take a small bit of capital, that is your time, and build the American dream.
Jim RohnIn Cuba we had the most ferocious form of capitalism for 60 years. It dominated every sphere of life.
Alejandro Castro EspinThe story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.
Ben ShapiroI live my life through the prism of capitalism and physiological limits and eventualities.
Henry RollinsWe must pay close attention to those with another imagination: an imagination outside of capitalism, as well as communism. We will soon have to admit that those people, like the millions of indigenous people fighting to prevent the takeover of their lands and the destruction of their environment - the people who still know the secrets of sustainable living - are not relics of the past, but the guides to our future.
Arundhati RoyWhen the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Thomas PikettyCapitalism has not proven to be a transitional form, a gateway to a higher human future.
Allen W. WoodSelf-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
James Surowiecki