Quotes About Economic systems

Capitalism is not a synonym for free markets.

Economic systems do not exist in the abstract; they are embedded within the geographic fabric of the society - the way land is used, the locations of homes and business, the infrastructure that ties people, places, and commerce together.

In every capitalist economy there are anti-capitalist movements, activists, and even political parties; in a way, that there are no longer anti-democratic movements, activists, and parties.

First of all, I am not an expert on matters on different economic systems, but in my normal social intercourse with my friends we discussed matters like that.

I think that people need to become more educated about money. We need to stop creating systems that benefit only the most-cutthroat sharks.

Economic systems rise and fall just like empires. That's the kind of perspective we need to take if we hope to prosper for centuries rather than for the next quarter.

Politicon should be applauded for recognizing the increasing impact of technology, not only on American social and economic systems but on the very structure of our system of politics.

Resource efficiency is the wrong metric. We should use nature as the measure, using nature's wisdom as a template for our economic systems.

Neither capitalist indust-reality nor socialist indust-reality have been able to give humanity what most of us really want: liberty and justice, freedom and the abolition of poverty, continued growth and continued security. In looking at capitalism vs. socialism, we are always confronted with a dilemma, not a choice.

We are extending ourselves in Space and Time not because of capitalism or socialism but in spite of them. The Right/Left Capitalist/Socialist establishments are psychologically unprepared for our emerging situation in Time and Space.

In a capitalist world, the word capital has taken on more and more uses. . . . human capital, for instance, which is what labor accumulates through education and work experience. Human capital differs from the classic kind in that you can't inherit it, and it can only be rented, not bought or sold.

We aim in the domain of politics at republicanism; in the domain of economics at socialism; in the domain of what is today called religion, at atheism.

Capitalism did not defeat communism because capitalism was more ethical, because individual liberties are sacred or because God was angry with the heathen communists. Rather, capitalism won the Cold War because distributed data processing works better than centralised data processing, at least in periods of accelerating technological change.

Behind this monstrous shield, liberal democracy and the free market managed to hold out in their last bastions, and Westerners could enjoy sex, drugs and rock and roll, as well as washing machines, refrigerators and televisions. Without nukes, there would have been no Woodstock, no Beatles and no overflowing supermarkets. But in the mid-1970s it seemed that nuclear weapons notwithstanding, the future belonged to socialism.

El capitalismo no derrotó al comunismo porque fuera más ético, porque las libertades individuales fueran sagradas o porque Dios estuviera enfadado con los paganos comunistas. Por el contrario, el capitalismo ganó la Guerra Fría porque el procesamiento de datos distribuido funciona mejor que el procesamiento de datos centralizado, al menos en períodos de cambios tecnológicos acelerados.

First, capitalism has created a world that nobody but a capitalist is capable of running. The only serious attempt to manage the world differently – Communism – was so much worse in almost every conceivable way that nobody has the stomach to try again.

Communism. Capitalism. Democracy. Imagined realities, because they only arose in people's minds, they had no scientific basis.

We can anticipate Mises's ultimate conclusion: There is no viable third system. People must choose between capitalism and socialism.

There is the capitalist approach (make it bigger), the technocratic one (make it better), the 'revolutionary' solution (portray the problem as an example of an exploitative system) and the pre-industrial romantic fallacy (don't use it; maybe it will go away by itself). We propose a fifth alternative response: Let's invent a different answer."28

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

While free markets tend to democratize a society, unfettered capitalism leads invariably to corporate control of government.

avoirdupois

Our fundamental economic beliefs, which we have elevated from a conviction based on observation to an unquestioned truism, is that the free market is the best of all economic systems—the freer the better. Our generation has seen the decisive victory of free-market principles over planned economies. So we stick with this belief, largely oblivious to emerging evidence that while free markets beat planned economies, there may be room for a modification that is even better.

What if capitalism is unsustainable, and socialism is impossible?