Capitalism Quotes - Page 12

• Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.

  Joan Robinson

  Law, Progress, Details

  Joan Robinson (1967). “Essay on Marxian Economics”, p.95, Springer

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• Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

  Joan Robinson

  Running, Lying, Overcoming

  Joan Robinson (1973). “Economic heresies: some old-fashioned questions in economic theory”

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• It 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 Robinson

  Next, Theory, Prognosis

  Joan Robinson (2014). “Contributions to Modern Economics”, p.227, Academic Press

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• Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.

  Eliezer Yudkowsky

  Law, People, Criticism

  Comment as Eliezer Yudkowsky @yudkowsky, www.facebook.com. June 10, 2012.

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• Moral capitalism is possible; if not, its strictures are only a kind of misleading vanity, the rhetoric of a secular piety.

  Stephen Young

  Vanity, Moral, Kind

  Stephen Young (2003). “Moral Capitalism: Reconciling Private Interest with the Public Good”, p.9, Berrett-Koehler Publishers

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• Capitalism is of this material world; it provides us with the means to live; it empowers us within the known world of sense and human reason. If it is to be measured by a strict standard of holiness, by religious normativity alone, then there can never be a moral capitalism.

  Stephen Young

  Religious, Mean, Empowering

  Stephen Young (2003). “Moral Capitalism: Reconciling Private Interest with the Public Good”, p.9, Berrett-Koehler Publishers

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• We live in a capitalist system; anyone who believes they are above this system or purer than this system, even while shopping at the cute organic market across the street or taking a hiking vacation to Guatemala, is certifiable.

  Katy Lederer

  Cute, Believe, Vacation

  "Portrait of the Artist as a Young Capitalist". Interview with Benjamin Samuel, www.gelfmagazine.com. January 19, 2009.

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• Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.

  David Harvey

  Financial, Finance, Concentration

  "The Limits To Capital". Book by David Harvey, 1982.

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• The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.

  David Harvey

  Political, Economy, Social

  "The Limits To Capital". Book by David Harvey, 1982.

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• Technological change can become 'fetishized' as a 'thing in itself', as an exogenous guiding force in the history of capitalism.

  David Harvey

  Technological Change, Force, Technological

  "The Limits To Capital". Book by David Harvey, 1982.

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• Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.

  David Harvey

  Way, Individual, Capitalist

  "The Limits To Capital". Book by David Harvey, 1982.

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• Capitalism does what it does and money doesn't belong to anybody. It just stays in someone's wallet for a while, then it goes somewhere else. It always goes somewhere and it is always about to go somewhere.

  Henry Rollins

  Somewhere Else, Doe, Wallets

  Source: www.sinicalmagazine.com

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• I live my life through the prism of capitalism and physiological limits and eventualities. In all of that, there is no spirituality required. No God and karma is needed for the numbers. I live my life by the numbers. Not only am I an American, I am an Americanist.

  Henry Rollins

  Karma, Numbers, Limits

  Source: www.sinicalmagazine.com

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• America, as everybody knows, is a country of many contradictions, and a big contradiction for a long time has been between a very aggressive form of capitalism and consumerism against what might be called a kind of moral or civic impulse.

  David Foster Wallace

  Country, America, Long

  Source: www.nybooks.com

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• Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system.

  Howard Warren Buffett

  Perfect, May

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "The Charlie Rose Show", www.cnbc.com. October 1, 2008.

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• Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.

  Peter Thiel

  Technology, Thinking, Progress

  Source: bigthink.com

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• It is sort of a bit of a caricature of capitalism, that it's always this zero-sum game where you have winners and losers. Silicon Valley, the technology industry at its best, creates a situation where everybody can be a winner.

  Peter Thiel

  Zero, Technology, Games

  Interview with Victoria Brown, bigthink.com. November 15, 2010.

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• All industries are brought under the control of such people [film producers] by Capitalism. If the capitalists let themselves be seduced from their pursuit of profits to the enchantments of art, they would be bankrupt before they knew where they were. You cannot combine the pursuit of money with the pursuit of art.

  George Bernard Shaw

  Movie, Art, People

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• American capitalism has been both overpraised and overindicted. It is neither the Plumed Knight nor the monstrous Robber Baron.

  Max Lerner

  Knights, American Capitalism, Robber Baron

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• In response to criticism of its treatment of killer whales, Sea World said it will build them a larger habitat. When asked for comment, killer whales said, 'Hey, you know what's a larger habitat?' THE OCEAN.

  Conan O'Brien

  Nature, Ocean, Health

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• The fascinating thing to a dispassionate observer about the structure of life in the Soviet Union is that in their efforts to produce an unknown that we may let its ideologists call Socialism the Communist dictators have produced a brutal approximation of monopoly Capitalism, a system that has all the disadvantages of our own, with none of the palliatives which come to us from surviving competition and from the essential division of economic and political power which has so far made it possible for the humane traditions of the Western world to continue.

  John Dos Passos

  Effort, Political, Competition

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• Chaplin is no business man - all he knows is that he can't take anything less.

  Samuel Goldwyn

  Men, Chaplin, Business Man

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• The Internet is disrupting every media industry...people can complain about that, but complaining is not a strategy. And Amazon is not happening to book selling, the future is happening to book selling.

  Jeff Bezos

  Leadership, Book, Technology

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• What kind of a society are we going to have if it consists of highly paid people doing high-value-added work - and masses of unemployed?

  Andy Grove

  People, Poverty, Kind

  "How America Can Create Jobs" by Andy Grove, www.bloomberg.com. July 2, 2010.

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• The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated.

  Newt Gingrich

  Leadership, Money, Party

  "Gingrich: CBO a 'reactionary socialist institution'" By Charles Riley, money.cnn.com. November 22, 2011.

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