“Money is the great weapon in a free, equal and competitive society, which skill and capital employ in the war of the wits, to exploitate and oppress the poor, the improvident, and the weak-minded. Its evil effects are greatly aggravated by the credit and banking systems.”

Source: Cannibals All!, or Slaves Without Masters (1857), p. 303

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George Fitzhugh52

American activist 1806–1881

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“But simultaneously with the development of capitalist production the credit system also develops. The money-capital which the capitalist cannot as yet employ in his own business is employed by others, who pay him interest for its use.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. II, Ch. XVII, p. 325.
(Buch II) (1893)

“In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists. But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. I, Ch. 25, Section 2, pg. 687.
(Buch I) (1867)

“The introduction of free competition is thus public declaration that from now on the members of society are unequal only to the extent that their capitals are unequal, that capital is the decisive power, and that therefore the capitalists, the bourgeoisie, have become the first class in society. Free competition is necessary for the establishment of big industry, because it is the only condition of society in which big industry can make its way.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

“Capitalism without competition isn’t capitalism; it’s exploitation.”

Joe Biden (1942) 47th Vice President of the United States (in office from 2009 to 2017)

2021, July 2021, Remarks by President Biden At Signing of An Executive Order Promoting Competition in the American Economy

“In the past century a myth has grown up that free market capitalism—equality of opportunity as we have interpreted that term—increases such inequalities, that it is a system under which the rich exploit the poor. Nothing could be further from the truth. Wherever the free market has been permitted to operate, wherever anything approaching equality of opportunity has existed, the ordinary man has been able to attain levels of living never dreamed of before. Nowhere is the gap between rich and poor wider, nowhere are the rich richer and the poor poorer, than in those societies that do not permit the free market to operate.”

Milton Friedman book Free to Choose

Source: Free to Choose (1980), Ch. 5 “Created Equal”, p. 146

“The loyal follower of Jesus will stand in opposition to war as a means of settling differences between nations. He will be unalterably opposed to the ruthless competition and merciless rivalry of our present autocratic and capitalistic system. He will condemn vigorously the enslaving of the poor by the rich, the oppression of the weak by the strong. He will seek to replace the present Kingdom of Competition and Profits by the ideal Kingdom of Cooperation and Service.”

Kirby Page (1890–1957) American clergyman

Source: Something More, A Consideration of the Vast, Undeveloped Resources of Life (1920), p. 72

“Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!”

Ron Paul (1935) American politician and physician

Has Capitalism Failed? http://www.house.gov/paul/congrec/congrec2002/cr070902.htm (July 9, 2002). <br class="br">2000s, 2001-2005

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section VIII: “Monopoly, Or Opportunity?”, p. 185 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA185&dq=%22A+great+industrial+nation%22. Note that this remark has been used as the basis for a fake quotation discussed below. <br class="br">1910s, The New Freedom (1913) <br class="br">Context: A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men.

“[Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.”

J. P. Morgan (1837–1913) American financier, banker, philanthropist and art collector

Testimony to the Pujo Committee (1912)

“[T]he unrestricted exploitation of so-called free society is more oppressive to the laborer than domestic slavery.”

George Fitzhugh (1806–1881) American activist

Source: Cannibals All!, or Slaves Without Masters (1857), p. ix

“Money is the great weapon in a free, equal and competitive society, which skill and capital employ in the war of the wits, to exploitate and oppress the poor, the improvident, and the weak-minded. Its evil effects are greatly aggravated by the credit and banking systems.”

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George Fitzhugh52

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