Capitalism Quotes - Page 7

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  Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

  Winston Churchill

  Philosophy, Ignorance, Democratic Socialism

  Speech at the Scottish Unionist Conference, Perth, Scotland, May 28, 1948.

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• A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.

  Thomas Jefferson

  Wise, Wisdom, Men

  Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.65, Skyhorse Publishing, Inc.

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• The idea of capitalism is not just success but also the failure that allows success to happen.

  P. J. O'Rourke

  Ideas, Happens

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• Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.

  Ludwig von Mises

  Mean, Organization, Two

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• Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.

  Ludwig von Mises

  Mean, Government, Political

  Ludwig Von Mises (1944). “Bureaucracy”

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• There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

  Ludwig von Mises

  Government, Play, Choices

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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• Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.

  Ludwig von Mises

  Men, Average, People

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.49, Ludwig von Mises Institute

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• The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.

  Ludwig von Mises

  Winning, Views, Order

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

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• Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.

  Ludwig von Mises

  Voice, Mind, Trying

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.465, VM eBooks

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• You know capitalism is this wonderful thing that motivates people, it causes wonderful inventions to be done. But in this area of diseases of the world at large, it's really let us down.

  Bill Gates

  Motivational, Success, Leadership

  "A Conversation with Bill Gates: Making a Healthier World for Children and Future Generations". "Now" with Bill Moyers, billmoyers.com. May 9, 2003.

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• I'm afraid for all those who'll have the bread snatched from their mouths by these machines. What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them!

  Henrik Ibsen

  Science, Generations, Machines

  Henrik Ibsen (1961). “The Oxford Ibsen: Pillars of society. A doll's house. Ghosts”

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• I think that there is nothing, not even crime, more opposed to poetry, to philosophy, ay, to life itself than this incessant business.

  Henry David Thoreau

  Money, Business, Philosophy

  Henry David Thoreau, David Gross (2007). “The Price of Freedom: Political Philosophy from Thoreau's Journals”, p.98, David M Gross

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• The genius of capitalism consists precisely in its lack of morality. Unless he is rich enough to hire his own choir, a capitalist is a fellow who, by definition, can ill afford to believe in anything other than the doctrine of the bottom line. Deprive a capitalist of his God-given right to lie and cheat and steal, and the poor sap stands a better than even chance of becoming one of the abominable wards of the state from whose grimy fingers the Reagan Administration hopes to snatch the ark of democracy.

  Lewis H. Lapham

  War, Lying, Believe

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• The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the genesis of the modern Lounge Suit.

  Joseph A. Schumpeter

  Style, Suits, Evolution

  Joseph A. Schumpeter (2013). “Capitalism, Socialism and Democracy”, p.126, Routledge

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• The system that would stand midway between capitalism and socialism.

  Ludwig von Mises

  Socialism, Midway, Capitalism And Socialism

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.65, Ludwig von Mises Institute

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• The impulse to acquisition, pursuit of gain, of money, of the greatest possible amount of money, has in itself nothing to do with capitalism. This impulse exists and has existed among waiters, physicians, coachmen, artists, prostitutes, dishonest officials, soldiers, nobles, crusaders, gamblers, and beggars.

  Max Weber

  Artist, Soldier, Gains

  1904-5 The Protestant Ethic and the Spirit of Capitalism (translated by Talcott Parsons,1930).

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• Under capitalism, we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control.

  Noam Chomsky

  Democracy, Principles, Definitions

  Noam Chomsky (2004). “Language and Politics”, p.138, AK Press

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• Benefits should be granted little by little, so that they may be better enjoyed.

  Niccolo Machiavelli

  Benefits, May, Littles

  Niccolo Machiavelli (2017). “The Prince”, p.30, Race Point Publishing

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• Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

  Milton Friedman

  Thinking, People, Giving

  Milton Friedman, Rose D. Friedman (2002). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.15, University of Chicago Press

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• All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

  Ludwig von Mises

  Fighting, People, Liberty

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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• Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things, He gave it a chance, He even provided a first installment of funds. Can you beat that? It's so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.

  Georges Bernanos

  Library, Tiny, Firsts

  Georges Bernanos (1974). “The Diary of a Country Priest”, Doubleday Books

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• There are people who don't like capitalism, and people who don't like PCs. But there's no-one who likes the PC who doesn't like Microsoft.

  Bill Gates

  Inspirational, Funny, People

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• Despite what many Americans think, most Soviets do not yearn for capitalism or Western-style democracy.

  Dan Rather

  Thinking, Style, Democracy

  CBS "Evening News", June 17, 1987.

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• I was guilty of judging capitalism by its operations and socialism by its hopes and aspirations; capitalism by its works and socialism by its literature.

  Sidney Hook

  Judging, Society, Liberty

  Sidney Hook (1987). “Out of step: an unquiet life in the 20th century”, Harpercollins

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• Without some dissimulation no business can be carried on at all.

  Lord Chesterfield

  Deception

  Lord Philip Dormer Stanhope Chesterfield, Philip Dormer Stanhope Earl of Chesterfield (1855). “The Works of Lord Chesterfield: Including His Letters to His Son, Etc : to which is Prefixed, an Original Life of the Author”, p.256

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