Public opinion takes no offense at the endeavors of farmers, workers, clerks, teachers, doctors, ministers, and people from many other callings to earn as much as they can. But it censures the capitalists and entrepreneurs for their greed.
A single charitable foundation started by one capitalist does more good than a world full of socialists and leftists. Think Carnegie and his libraries, or Sloan and Kettering their hospital, or Gates in Africa.
Nobody planned the global capitalist system, nobody runs it, and nobody really comprehends it. This particularly offends intellectuals, for capitalism renders them redundant. It gets on perfectly well without them.
Capitalists have done more good for society through their charitable giving, philanthropy and generosity than all their critics combined.
A 'social justice' society is a conflict which locks beneficiaries and victims alike in a struggle without end. It becomes a society torn apart by resentment over the wealth of capitalists.
When I see the mostly young people of Occupy Wall Street - a mixture of the bored, the nihilistic, the seekers of excitement, the left-wing true believers, the confused idealists and those hoping to engage in violence - railing against the rich capitalists on Wall Street, I get worried. Because the hatred they express toward the rich is similar to that expressed against the rich by Stalin, Mao and Pol Pot. Of course, these people are not comparable to those killers. But class hatred must lead to bad things. That is why President Obama is playing with fire with his attacks on the rich.
The government is somewhat inept, but the private sector is inept in general. How many companies do venture capitalists invest in that go poorly? By far most of them. However, every once in a while a Google or a Microsoft comes out, so people keep giving them money.
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.
The capitalist has this over the politician and the clergyman; he has in practice done more to raise the standard of living of the poor than all the government and church programs in history....Monsanto and the Archer Daniels Midland Company have fed more hungry people than all the...soup kitchens combined.
Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.
That first company I started made a lot of money for the venture capitalists - nearly $30 million - but next to nothing for the founders. The companies I started after that varied between failures and mediocre successes. But at no point did I ever consider getting a 'real job.' That felt like a black and white world, and I wanted Technicolor.
In the US, what passes for Christianity - and it is, to say the least, a highly perverse, possessive individualist and capitalist version of what I would see as Christ's messianic ethical communism, to say the least - is a new civil religion, a civil religion of freedom.
At a basic level venture capitalists are arbitrageurs: they have access to more information than those with the capital, and access to more capital than those with information, and they profit by exploiting the mismatch.
Generally speaking, experience counts for something. So you'd expect entrepreneurs who've been through the ups and downs of a tech startup to have an advantage over the newcomers. Or at least have an equal chance at success. But in fact the opposite may be true. A number of venture capitalists I've spoken with have said that too many "old guard" entrepreneurs are not being bold enough in their business decisions, and it's hurting their startups.
Only capitalists get photographers.
This capitalist society has not lasted forever; it's only a few hundred years old.
The monopoly of capital becomes a fetter upon the mode of production, which has sprung up and flourished along with, and under it. Centralisation of the means of production and socialisation of labour at last reach a point where they become incompatible with there capitalist integument. This integument is burst asunder. The knell of capitalist private property sounds. The expropriators are expropriated.
The clergy, no less than the capitalist class, lives on the backs of the people, profits from the degradation, the ignorance and the oppression of the people.
Confidence, not paper or digital money, is the key currency in a capitalist system.
He (Aneurin Bevan) enjoys prophesying the imminent fall of the capitalist system, and is prepared to play a part, any part, in its burial, except that of mute.
By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.
Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.
The enemy and his allies are now at the gates of the capitalists' fortress. Is there any hope that the businessman will finally sense the danger to himself and the system of which he is a part and rise to meet the challenge?
Nothing's worse than a business person who sells out to the left, if you're a capitalist, stand up and be counted.
Behind every liberal philanthropist fortune is a huge capitalist score. Bill Gates and Warren Buffett can afford now to be liberal - an expensive indulgence - because in their early incarnations they were no-holds-barred capitalists who made lots of enemies conducting business without mercy and in search of pure profit.
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