Jim Stanford: Capitalism

Jim Stanford is Canadian economist. Explore interesting quotes on capitalism.

Jim Stanford: 42 quotes0 likes

“Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.”

Part 1, Chapter 2, Capitalism, p. 33
Economics For Everyone (2008)

“Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.”

Part 1, Chapter 3, Economic History, p. 43
Economics For Everyone (2008)

“Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.”

Part 3, Chapter 11, Competition, p. 129
Economics For Everyone (2008)

“Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.”

Part 2, Chapter 10, Closing The Little Circle, p. 121
Economics For Everyone (2008)

“The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.”

Part 5, Chapter 25, Evaluating Capitalism, p. 314
Economics For Everyone (2008)

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

Part 3, Chapter 14, Dividing the Pie, p. 168
Economics For Everyone (2008)