“Human beings are not efficiently designed for a capitalist system of production.”

— Eric Hobsbawm , book The Age of Extremes

Source: The Age of Extremes (1992), p. 414.

Adopted from Wikiquote. Last update Jan. 16, 2022. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Human beings are not efficiently designed for a capitalist system of production." by Eric Hobsbawm?

Eric Hobsbawm photo

Eric Hobsbawm 47

British academic historian and Marxist historiographer 1917–2012

Related quotes

“The capitalist system of production, once it had given all it was capable of giving, became an abysmal obstacle to the progress of humanity.”

Fidel Castro (1926–2016) former First Secretary of the Communist Party and President of Cuba

The Second Declaration of Havana (1962)

“If stability and efficiency required that there existed markets that extended infinitely far into the future — and these markets clearly did not exist — what assurance do we have of the stability and efficiency of the capitalist system?”

Joseph E. Stiglitz (1943) American economist and professor, born 1943.

Autobiographical Essay (2001)

“The capitalist system of production is an economic democracy in which every penny gives a right to vote.”

Ludwig von Mises book Bureaucracy

The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people’s mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what the consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.
Source: Bureaucracy (1944), Chapter I: Profit Management, § 1: The Operation of The Market Mechanism

“Human beings were behaving as human beings and not as cogs in the capitalist machine.”

George Orwell book Homage to Catalonia

Homage to Catalonia (1938)

“...the profit system, by its necessary nature, operated to stop limit and cripple production at the point where it began to be efficient.”

Edward Bellamy book Equality

Equality (1897)

“But what would become of mass production and its system of financial expansion if technical perfection, durability, social efficiency, and human satisfaction were the guiding aims. The very conditions for current financial success — constantly expanding production and replacement — works against these ends. To ensure the rapid absorption of its immense productivity, megatechnics resorts to a score of different devices: consumer credit, installment buying, multiple packaging, non-functional designs, meretricious novelties, shoddy materials, defective workmanship, built-in fragility, or forced obsolescence through frequent arbitrary changes of fashion. Without constant enticement and inveiglement by advertising, production would slow down and level off to normal replacement demand. Otherwise many products could reach a plateau of efficient design which would call for only minimal changes from year to year.”

Lewis Mumford book The Myth of the Machine

Megatechnic Costs and Benefits
The Myth of the Machine (1967-1970), The Pentagon of Power (1970)

“Competition among capitalists requires that they constantly reduce the costs of production, by cutting wages or some other means, while increasing output through technological change and greater efficiency. The process, then, involves three intertwined aspects:
(1) capitalists control the means of production,
(2) laborers must sell their labor to survive because they lack access to the means of production, and
(3) there must be constant changes to increase production and cut costs.”

Ted C. Lewellen (1940–2006) American writer

Political Anthropology: An Introduction (2003), p. 213

“The essential feature of a capitalist world-economy… is production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.”

Immanuel Wallerstein (1930–2019) economic historian

Wallerstein (1979) The Capitalist World-Economy. p. 15.

“Capital, explaining the origins of the capitalist mode of production, points towards the inevitable historical decline and fall of this same social system. An economic theory based upon the historical relativity of every economic system, its strict limitation in time, tactlessly reminds Messrs the capitalists, their hangers-on and their apologists that capitalism itself is a product of history. It will perish in due course as it once was born. A new social form of economic organization will then take the place of the capitalist one: it will function according to other laws than those which govern the capitalist economy.”

Ernest Mandel (1923–1995) Belgian economist and Marxist philosopher

Introduction to Capital. Introduction to volume 1 (1976)

“A little retrospection shows that although many fine, useful software systems have been designed by committees and built as part of multipart projects, those software systems that have excited passionate fans are those that are the products of one or a few designing minds, great designers.”

Fred Brooks No Silver Bullet

Page 202.
No Silver Bullet (1986)

Related topics