Thomas Sowell Quotes About Capitalism

Quotes about: Capitalism

• Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.

  Thomas Sowell

  Opposites, People, Liberty

• Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

  Thomas Sowell

  Race, Ethnicity, Color

• Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.

  Thomas Sowell

  People, Political, Pay

• One of the bitter ironies of the 20th century was that communism, which began as an egalitarian doctrine accusing capitalism of selfishness and calloused sacrifices of others, became in power a system whose selfishness and callousness toward others made the sins of capitalism pale.

  Thomas Sowell

  Sacrifice, Selfishness, Doctrine

• What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.

  Thomas Sowell

  Tunes, Want, Might

  Thomas Sowell (2010). “Basic Economics 4th Ed: A Common Sense Guide to the Economy”, p.201, Basic Books

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