Quotes About Capitalism

where the 'Chicago boys' got their ideas, we shall find that the greatest influence was exercised by a handful of foreigners, all of them immigrants from central Europe: Ludwig von Mises, Friedrich Hayek, Joseph Schumpeter, Karl Popper, and Peter Drucker.

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.

The new OS is neither the classic communism of centralized planning without private property nor the undiluted selfish chaos of a free market. Instead, it is an emerging design space in which decentralized public coordination can solve problems and create things that neither pure communism nor pure capitalism can.

That is what capitalism is—a version of feudalism in which capital replaces land, and business leaders replace kings. But the hierarchy remains. And so we still hand over our lives' labor, under duress, to feed rulers who do no real work.

American capitalism needs a steady supply of immigrant labor, but it needs it cheap. By criminalizing the workers, the state helps to keep them uncertain, uneasy, disorganized, and docile. The attack on immigrants, therefore, is both "[p]olitically…an organic expression of nativist hostility and a very useful, rational system of elite-inspired class control"—"the primary product" of which "is… fear.

If you look at history, you see that human flourishing exploded beginning about the time two things first appeared: the new American republic and free market capitalism. If you plot the history of human prosperity going back over a thousand years, what you see is a flat line hovering just above zero until the late eighteenth century; then the line turns upward, and it hasn't turned back.

Life is about means not ends. There is no utopia to be gained, there is no end-state that is static and eternal, once accomplished. This was one of the great lies of communism. Likewise, capitalism offers the great deception that thanks to its machinations everyone will be richer in the future, thus justifying gross inequality and humiliation today.

Money is just dirty paper with dead presidents' pictures on it.

In a capitalist society, persons who create capital, like Michael Eisner, are given the staggering rewards.

What makes capitalism succeed is not chiefly its structure of incentives but its use of knowledge and experience.

From Pastor Malthus to the Club of Rome's Limits to Growth; from hysteria over DDT, PCBs, and natural gas "fracking"; to continuing bouts of chemo-phobia and population panic; the achievements of capitalism have suffered a long series of detractions. The factitious and febrile campaign against global warming is only the latest binge of self-abuse among the children of prosperity.

Disguising this edifying process in the United States are the handi-capitalists in nominally "private" institutions – from Wall Street money-shufflers and government-guaranteed mortgage hustlers to corn-state ethanol farmers and Silicon Valley solar shills – that are dependent on public handouts and mandates for their success.

Money, like the cosmos, has become relativistic and reversible at will. The three hundred years of Newtonian prosperity having come to an end, the new multiverse seems unable to repeat the miracle of a golden age of capitalism. It is now widely held that citizens are essentially owned by the state on which they depend. Slavery, in the form of servitude to governments, is making a comeback as money transactions become less trustworthy.

The power in capitalism must not be mindless. Unless it is combined with knowledge, mere economic power or money is fruitless. Enterprise involves memory of the past and anticipation of the future, and it is creative. It is not a simple incentive system of rewards and punishments, of carrots and sticks. It is an information system, and it is governed less by economic theory as we know it than by information theory.

An economics of systems only-an economics of markets but not of men-is fatally flawed.

We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery.

Under capitalism, economic power flows not to the intellectual, who manipulates ideas and basks in their light, but to the man who gives himself to his ideas and tests them with his own wealth and work.

Oil-futures trading has risen by a factor of one hundred in some three decades, from 10 percent of oil output in 1984 to ten times oil output in 2015. Derivatives on real estate are now nine times global GDP. That's not capitalism, that's hypertrophy of finance.

It's very contradictory for a man to teach about the murder in corporate capitalism, to isolate and expose the murderers behind it, to instruct that these madmen are completely without stops, are licentious, totally depraved — and then not make adequate preparations to defend himself from the madman's attack. Either they don't really believe their own spiel or they harbor some sort of subconscious death wish.

It would be truly foolish to let the decline of communism blind us to the long-term contradictions in a free market economy unrestrained by considerations of the environment and social justice, and driven by heedless consumerism, instant gratification, and the quick fix.

Under capitalism each individual engages in economic planning.

The best thing that ever happened to me is that nothing happened in writing. I ended up working for engineering companies, and that's where I found my material, in the everyday struggle between capitalism and grace. Being broke and tired, you don't come home your best self.

I still believe that capitalism is too harsh and I believe that, even within that, there is a lot of satisfaction and beauty if you happen to be one of the lucky ones, although that doesn't eradicate the reality of the suffering. It's all true at once, kind of humming and sublime.

I started out in engineering. I was a geophysical engineer. Throughout the course of my life I've done a lot of strange jobs, and the effect has been to make me think a little more skeptically about our capitalist society.