“I wish in closing to emphasize how little corporate philanthrophy (the practical meaning of “creative capitalism,” a terrible expression that implies nonaltruistic capitalism is uncreative) is actually philanthropic, in the sense of being driven by altruism rather than by profit maximization.”

" Against Creative Capitalism, Part Two https://web.archive.org/web/20080821055810/http://creativecapitalism.typepad.com:80/creative_capitalism/2008/08/against-creativ.html" (2008), published in Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I wish in closing to emphasize how little corporate philanthrophy (the practical meaning of “creative capitalism,” a te…" by Richard A. Posner?
Richard A. Posner photo
Richard A. Posner 11
United States federal judge 1939

Related quotes

Douglas Coupland photo
Tjalling Koopmans photo
David Harvey photo

“If all money capital invests in appropriation and none in actual production, than capitalism is not long for this world.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 9, Money, Credit And Finance, p. 269

Christopher Hitchens photo

“Capitalism might be defined, if we wish to be scientific, as a form of economic organization motivated by the pursuit of profit within a price structure.”

Carroll Quigley (1910–1977) American historian

Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 8, Canaanite and Minooan Civilizations, p. 240

James A. Garfield photo

“I would rather be defeated than make capital out of my religion.”

James A. Garfield (1831–1881) American politician, 20th President of the United States (in office in 1881)

Source: 1880s, Garfield's Words (1882)

Adam Smith photo
David Eugene Smith photo

“He used capital vowels for the unknown quantities and capital consonants for the known, thus being able to express several unknowns and several knowns.”

David Eugene Smith (1860–1944) American mathematician

Source: History of Mathematics (1925) Vol.2, p. 430; footnote

Ted Malloch photo

“Capitalism is about the mutual creation of wealth rather than the pillaging of it.”

Ted Malloch (1952) American businessman

Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 29.

Related topics