If the Russians claim they are Socialist, this is just, I would say, a lie. They have no socialism at all. They have what I would call a state capitalism.
The problem with this world is the unequal distribution of capitalism.
Once we link up and network, there will be new institutions, new beginnings, and a change in the economy because capitalism is destroying many people's lives. It's just one leap to think in a different way.
The lifeblood of the economy is that the banking community is a circulatory system for American capitalism.
Why would anyone be able to make $21 million not showing up for work for a single day? That is vulgar capitalism. That is not good for the nation.
Ingeniously, capitalism discovered that the economy may be moved not by satisfying existing needs, but by creating new ones.
Another similarity of Brexit and Trump's campaigns was an attack on so-called elites. This is not so much a failure of capitalism as of its high priests in the economic profession, for which we must all take some responsibility.
Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector in the things that drive productivity, and which affect its distribution.
Brexit and Trump have brought the problems of capitalism into sharp relief, but both are only making things worse. Take the investment challenge - businesses invest where there they see technological or market opportunity.
As a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capitalism: set up businesses, let them fail, avoid paying suppliers, use bankruptcy laws to avoid taxes for decades, then set up another business somewhere else. It is this model that is the cause of many problems we see today.
Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.
It is true that one was not allowed at the time to really ask, what would lead people to do this, from what sense of political outrage or injury? And in that way, the possibility of sympathetic identification was foreclosed. That does not mean that some people took quiet pleasure in certain icons of US capitalism coming down, even though they would oppose such action on moral and political grounds.
I don't know much about Capitalism, but I do know about Democracy and freedom, and if Capitalism may change in many, many ways, I'm not really very much interested in Capitalism.
The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.
I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So now we speak of the market system. That is a nice bland expression, which forgets those off-color references.
Capitalism started out with a noble and high motive, but like most human systems it fell victim to the very thing it was revolting against.
Speaking as a New Yorker, I found it a shocking and terrifying event [9/11], particularly the scale of it. At bottom, it was an implacable desire to do harm to innocent people. It was aimed at symbols: the World Trade Center, the heart of American capitalism, and the Pentagon, the headquarters of the American military establishment.
I've lived long enough to see the triumph of zealots and absolutists, to watch money swallow politics, to witness the rise of the corporate state. See the party of working and poor people become a sycophant of crony capitalism. Watch the union of church and state become fashionable again. Witness the coupling of news and entertainment. See everyday people cast overboard as the pirates and predators of Wall Street seized the ship of state. I didn't drift; I moved left just by standing still.
There's a sense in which Marx does contribute to the fund of human knowledge, and we can no more dismiss him than we can [George] Hegel or [Jean-Jacques] Rousseau or [Baruch] Spinoza or [Charles] Darwin; you don't have to be a Darwinian to appreciate Darwin's views, and I don't have to be a Marxist to appreciate what is valid in a number of [Karl] Marx's writings-and Marx would call that a form of simple commodity production rather than capitalism.
I have no quarrel with libertarians who advance the concept of capitalism . I believe that people will decide for themselves what they want to do. The all-important thing is that they be free to make that decision and that they do not stand in the way of communities that wish to make other decisions.
I'm by no means convinced that capitalism and the development of technology has made anarchism easier.
Here's what I do believe very strongly: that once capitalism comes into existence, once it creates this mythology of a stingy nature, then that myth has to be exorcised. In other words, we have to get out of people's heads the idea that without a market economy, without egotism, competition, rivalry and self-interest, without all the technological advances that [Karl] Marx imputed to capitalism, we have to eliminate the feeling that we would sink into some kind of barbarism.
Capitalism has created a situation called scarcity. And that scarcity is not natural, it's socially induced. Along with that sense of scarcity, or feeling of scarcity, is a feeling of economic insecurity. Along with that is a feeling of deprivation... And unless we can demonstrate that that feeling is not justified technologically, we will not be able to speak intelligently to the great majority of people and reorganize our economy so that we really know what needs are rational and human and what have been created, almost fetishisticaly, by the capitalist economy.
After reading The Great Transformation by Karl Polanyi, I realized that capitalism did not naturally grow as [Karl] Marx would imply by his theory of historical materialism. People were dragged into capitalism screaming, shouting, and fighting all along the way, trying to resist this industrial and commercial world.
I'm convinced more than ever that capitalism, with its technological development, has not been an advance toward freedom but has been an enormous setback of freedom.
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