"Art Under Plutocracy" (1883).
Context: So long as the system of competition in the production and exchange of the means of life goes on, the degradation of the arts will go on; and if that system is to last for ever, then art is doomed, and will surely die; that is to say, civilization will die.
“The first dimension is called "competition," and it refers to that aspect of an economic system in which exchanges of one sort or another play the most important part. In capitalism, of course, competition and exchange occur primarily in markets.”
Source: Understanding Capitalism: Competition, Command, and Change, 2005, p. 54
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Samuel Bowles 10
American economist 1939Related quotes
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