Quotes About Economic systems

But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.

Socialists tend to want to pay people more money to do less work, and capitalists tend to want to provide better products at better prices.

After the fall of communism, everybody in the world agreed that socialism was a failure. Everybody in the world, more or less, agreed that capitalism was a success. And every capitalist country in the world apparently deduced from that what the West needed was more socialism.

The fact is America's democracy uses a combination of capitalism (businesses and banks) and socialism (public schools, police, fire fighters and the military) and our most successful times have occurred when government, business and people work together and don't demonize each other.

Communism doesn't work because people like to own stuff.

I'm a little bit nervous for us with all of this electronically generated new hyper-space that we've moved into, where not only people but also economies and systems, like banking, are left to zeros and ones. I want to be more than a zero or one.

We are fragilizing social and economic systems by denying them stressors and randomness, putting them in the Procrustean bed of cushy and comfortable—but ultimately harmful—modernity.

Capitalism has survived communism. Now, it eats away at itself.

Bankrupt corporate capitalism is on its way to bankrupting the socialism that is trying to save it

I think anytime that you go to the extreme of any mode of economics, be it capitalism or communism, you have these feedback mechanisms that make the system turn in on itself.

Sólo después, cuando el socialismo pasó de ser una teoría a ser un sistema económico real en varios países, se hizo dolorosamente evidente que las personas en los países socialistas tenían mayores problemas para costearse aquellas cosas que, en los países capitalistas, la mayoría de la gente podían comprar con facilidad.

Mientras que el capitalismo tiene un coste visible —la ganancia— que no existe bajo el socialismo, el socialismo tiene un coste invisible —la ineficiencia— que es erradicado en el capitalismo a través de las pérdidas y la quiebra

While capitalism has a visible cost - profit - that does not exist under socialism, socialism has an invisible cost - inefficiency - that is eradicated under capitalism through losses and bankruptcy.

the 20th century morality tale of 'socialism vs. freedom' or 'communism vs. capitalism' is misleading. Capitalism is not a political system; it is a form of economic life, compatible in practice with right-wing dictatorships (Chile under Pinochet), left-wing dictatorships (contemporary China), social-democratic monarchies (Sweden) and plutocratic republics (the United States).

Whether capitalist economies thrive best under conditions of freedom is perhaps more of an open question than we like to think.

Capitalism, as it had emerged in the Atlantic world and Western Europe over the course of four centuries, was accompanied by laws, institutions, regulations and practices upon which it was critically dependent for its operation and its legitimacy. In many post-Communist countries such laws and institutions were quite unknown—and dangerously underestimated by neophyte free-marketers there.

All Socialism involves slavery.

Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.

Under capitalism man exploits man; under socialism the reverse is true.

Capitalism is the exploitation of man by man. Well socialism is exactly the reverse.

Essentially, we took two peoples Ã¢â'¬â€œ the Koreans and the Germans Ã¢â'¬â€œ and divided them in two. South Koreans and West Germans got capitalist institutions; North Koreans and East Germans got communist ones. The divergence that occurred in the space of just a few decades was enormous.

Engineers participate in the activities which make the resources of nature available in a form beneficial to man and provide systems which will perform optimally and economically.

The left is back, and it's the only path we have to get out of the spot to which the right has sunken us. Socialism builds and capitalism destroys.

For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.