
The Economy of New Democracy
On New Democracy (1940)
Preface to the Third Edition (August 1942)
The Mass Psychology of Fascism (1933)
The Economy of New Democracy
On New Democracy (1940)
“Private Capitalism makes a steam engine; State Capitalism makes pyramids.”
As quoted in “Frank Chodorov: Champion of Liberty,” Aaron Steelman, FEE, (Foundation for Economic Education), (December 1, 1996) https://fee.org/articles/frank-chodorov-champion-of-liberty/
Interview with Parker in Randall E. Parker(ed.), Reflection on the Great Depression (2002)
“Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.”
Variant: Individual capitalists, in short, behave in such a way as to threaten the conditions that permit the reproduction of the capitalist class.
Source: The Limits To Capital (2006 VERSO Edition), Chapter 6, Dynamics Of Accumulation, p. 188
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Four, "The Export of Capital"
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Four, "The Export of Capital"
Preface to the Third Edition (August 1942)
The Mass Psychology of Fascism (1933)
Context: In the strictly Marxist sense, there is not even in Soviet Russia a state socialism but a state capitalism. According to Marx, the social condition "capitalism" does not consist in the existence of individual capitalists, but in the existence of the specific "capitalist mode of production", that is, in the production of exchange values instead of use values, in wage work of the masses and in the production of surplus value, which is appropriated by the state or the private owners, and not by the society of working people. In this strictly Marxist sense, the capitalistic system continues to exist in Russia. And it will continue to exist as long as the masses of people continue to lack responsibility and to crave authority.
Dorothy Thompson’s Political Guide: A Study of American Liberalism and its Relationship to Modern Totalitarian States (1938)
Source: A Study of American Liberalism and its Relationship to Modern Totalitarian States (1938)
p. 25
“Once socialism replaces capitalism, reason will determine the policies of states.”
Source: Man, the State, and War (1959), Chapter V, Some Implications Of The Second Image, p. 150
Source: The Political Economy of International Relations (1987), Chapter Two, Three Ideologies Of Political Economy, p. 37