Quotes about capital
page 10

Michael Pollan photo

“The industrial animal factory offers a nightmarish glimpse of what capitalism is capable of in the absence of any moral or regulatory constraint whatsoever.”

The Omnivore's Dilemma: A Natural History of Four Meals (New York: The Penguin Press, 2006), p. 318.

James Russell Lowell photo

“Both of them mean that Labor has no rights which Capital is bound to respect,—that there is no higher law than human interest and cupidity.”

James Russell Lowell (1819–1891) American poet, critic, editor, and diplomat

Referring to John C. Breckenridge and Stephen A. Douglas (Abraham Lincoln's opponents)
The Election in November 1860 (1860)

Jim Belushi photo
Theodor Mommsen photo

“It is a dreadful picture—this picture of Italy under the rule of the oligarchy. There was nothing to bridge over or soften the fatal contrast between the world of the beggars and the world of the rich. The more clearly and painfully this contrast was felt on both sides—the giddier the height to which riches rose, the deeper the abyss of poverty yawned—the more frequently, amidst that changeful world of speculation and playing at hazard, were individuals tossed from the bottom to the top and again from the top to the bottom. The wider the chasm by which the two worlds were externally divided, the more completely they coincided in the like annihilation of family life—which is yet the germ and core of all nationality—in the like laziness and luxury, the like unsubstantial economy, the like unmanly dependence, the like corruption differing only in its tariff, the like criminal demoralization, the like longing to begin the war with property. Riches and misery in close league drove the Italians out of Italy, and filled the peninsula partly with swarms of slaves, partly with awful silence. It is a terrible picture, but not one peculiar to Italy; wherever the government of capitalists in a slave-state has fully developed itself, it has desolated God's fair world in the same way as rivers glisten in different colours, but a common sewer everywhere looks like itself, so the Italy of the Ciceronian epoch resembles substantially the Hellas of Polybius and still more decidedly the Carthage of Hannibal's time, where in exactly similar fashion the all-powerful rule of capital ruined the middle class, raised trade and estate-farming to the highest prosperity, and ultimately led to a— hypocritically whitewashed—moral and political corruption of the nation. All the arrant sins that capital has been guilty of against nation and civilization in the modern world, remain as far inferior to the abominations of the ancient capitalist-states as the free man, be he ever so poor, remains superior to the slave; and not until the dragon-seed of North America ripens, will the world have again similar fruits to reap.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Italy under the Oligarchy
The History of Rome - Volume 4: Part 2

Constantius II photo

“If any Jew should suppose that he should purchase the slave of another sec or people, such slave shall be immediately vindicated to the fisc. If the Jew should purchase a slave and circumcise him, he shall be penalized not only with the loss of the slave, but he shall also be visited with capital punishment.”

Constantius II (317–361) Roman emperor

13 August 339 according to page 185 of "The History of the Jews in the Greco-Roman World" by Peter Schafer, published in 2003 https://books.google.ca/books?id=tdKCAgAAQBAJ&pg=PA185

David Graeber photo

“"Communist society"; in the sense of a society organized exclusively on that single principle—could never exist. But all social systems, even economic systems like capitalism, have always been built on top of a bedrock of actually-existing communism.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Five, "A Brief Treatise on the Moral Grounds of Moral Relations", p. 95

George Will photo

“The family is the primary transmitter of social capital – the values and character traits that enable people to seize opportunities. Family structure is a primary predictor of an individual's life chances, and family disintegration is the principal cause of the intergenerational transmission of poverty.”

George Will (1941) American newspaper columnist, journalist, and author

Column, March 21, 2014, " Paul Ryan was right – poverty is a cultural problem" http://www.washingtonpost.com/opinions/george-f-will-the-lefts-half-century-of-denial-over-poverty/2014/03/21/1aeaff4e-b049-11e3-a49e-76adc9210f19_story.html at washingtonpost.com.
2010s

Gottfried Feder photo
Bill Haywood photo

“I've never read Marx's Capital, but I've got the marks of capital all over my body.”

Bill Haywood (1869–1928) Labor organizer

Humour and Social Protest, By Marjolein t'Hart & Dennis Bos, 2007, page 39.

Richard Overy photo

“Indeed, many businessmen seem on the evidence to have been wary of the closet anti-capitalism of the rank-and-file Nazis.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 12

Maurice Glasman, Baron Glasman photo
Svetlana Alexievich photo

“Triumphant capitalism has unleashed a powerful drive toward inequality, not improvement, in the social sphere.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter One, Number One And the Political Economy Of Communication, p. 56

Keir Hardie photo

“History is one long record of like illustrations. Must our modern civilisation with all its teeming wonders come to a like end? We are reproducing in faithful detail every cause which led to the downfall of the civilisations of other days—Imperialism, taking tribute from conquered races, the accumulation of great fortunes, the development of a population which owns no property, and is always in poverty. Land has gone out of cultivation and physical deterioration is an alarming fact. An so we Socialists say the system which is producing these results must not be allowed to continue. A system which has robbed religion of its saviour, destroyed handicraft, which awards the palm of success to the unscrupulous, corrupts the press, turns pure women on the streetsm and upright men into mean-spirited time-servers, cannot continue. In the end it is bound to work its own overthrow. Socialism with its promise of freedom, its larger hope for humanity, its triumph of peace over war, its binding of the races of the earth into one all-embracing brotherhood, must prevail. Capitalism is the creed of the dying present; socialism throbs with the life of the days that are to be. It has claimed its martyrs in the past, is claiming them now, will claim them still; but what then? Better to "rebel and die in the twenty worlds sooner than bear the yoke of thwarted life."”

Keir Hardie (1856–1915) Scottish socialist and labour leader

Source: From Serfdom to Socialism (1907), p. 103–104

Oliver Sacks photo
Noam Chomsky photo

“A good way of finding out who won a war, who lost a war, and what the war was about, is to ask who's cheering and who's depressed after it's over - this can give you interesting answers. So, for example, if you ask that question about the Second World War, you find out that the winners were the Nazis, the German industrialists who had supported Hitler, the Italian Fascists and the war criminals that were sent off to South America - they were all cheering at the end of the war. The losers of the war were the anti-fascist resistance, who were crushed all over the world. Either they were massacred like in Greece or South Korea, or just crushed like in Italy and France. That's the winners and losers. That tells you partly what the war was about. Now let's take the Cold War: Who's cheering and who's depressed? Let's take the East first. The people who are cheering are the former Communist Party bureaucracy who are now the capitalist entrepreneurs, rich beyond their wildest dreams, linked to Western capital, as in the traditional Third World model, and the new Mafia. They won the Cold War. The people of East Europe obviously lost the Cold War; they did succeed in overthrowing Soviet tyranny, which is a gain, but beyond that they've lost - they're in miserable shape and declining further. If you move to the West, who won and who lost? Well, the investors in General Motors certainly won. They now have this new Third World open again to exploitation”

Noam Chomsky (1928) american linguist, philosopher and activist

and they can use it against their own working classes. On the other hand, the workers in GM certainly didn't win, they lost. They lost the Cold War, because now there's another way to exploit them and oppress them and they're suffering from it.
Forum with John Pilger and Harold Pinter in Islington, London, May 1994 https://web.archive.org/web/20000823015510/http://www.redpepper.org.uk/cularch/xalmeida.html.
Quotes 1990s, 1990-1994

Didier Sornette photo
Richard Holbrooke photo
Adam Schiff photo

“The stakes are nothing less than the future of liberal democracy. We are engaged in a new war of ideas, not communism versus capitalism, but authoritarianism versus democracy and representative government.”

Adam Schiff (1960) American politician

Open Letter to the Committee Hearing Re: FBI Director James Comey and National Security Agency Director Mike Rogers

Michał Kalecki photo

“The most important prerequisite for becoming an entrepreneur is the ownership of capital.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 8, Entrepreneurial Capital and Investment, p. 95

John Holloway photo
John Maynard Keynes photo
Thomas Jefferson photo
David Cameron photo
Ayn Rand photo
Ernst Bloch photo
André Malraux photo
Abbie Hoffman photo
Arjo Klamer photo
John Holloway photo
Joan Robinson photo

“Capital' is not what capital is called, it is what its name is called.”

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 8, Production Function and Theory of Capital, p. 79

Michael Rosen photo

“The competition between chunks of capital is getting fiercer, there is the same old same old desperate need to keep wages down, desperate need to substitute machines for labour (but that costs trillions of investment) and no matter how hard you exploit workers, you still need to sell stuff to them, and if their wages are low, they can't buy the stuff. You can force the poorly paid into borrowing money (credit cards, wonga etc) but there comes a point when that causes a credit crisis: someone somewhere says they want some dosh and a bank somewhere says they haven't got the dosh (Northern Rock, last time). Let's remember, none of this is caused by migrants or left social democrats. This is a crisis entirely born from a system that is locked into competition for markets. So, these fervid rows between squadrons of extremely unpleasant individuals are rows between people who deep down know that they can't control this system of running the making and distribution of the things we need. They are just coming up with fantasies on how to stay in power while the next phase veers from crisis to crisis. It is terrible for millions of people in awful insecure, low paid jobs and/or in insecure, lousy housing, or if they are disabled, or for millions trying to migrate their way out of poverty and despair. We should be alarmed when members of the ruling class start pleading with us to take sides with them against the 'elite': one section of the elite calling for us to oppose the elite.”

Michael Rosen (1946) British children's writer

'Neither Brussels or the City - for the many not the few'. http://michaelrosenblog.blogspot.com/2018/07/neither-brussels-or-city-for-many-not.html (6 July 2018)

John Ralston Saul photo
Alan Blinder photo
Alexander Hamilton photo
Jean-Baptiste Say photo
Slavoj Žižek photo
Jane Austen photo
Margaret Drabble photo
Richard Stallman photo
Mohammad Reza Pahlavi photo
Wilhelm Liebknecht photo

“All who are weary and heavy laden; all who suffer under injustice; all who suffer from the outrages of the existing bourgeois society; all who have in them the feeling of the worth of humanity, look to us, turn hopefully to us, as the only party that can bring rescue and deliverance. And if we, the opponents of this unjust world of violence, suddenly reach out the hand of brotherhood to it, conclude alliances with its representatives, invite our comrades to go hand in hand with the enemy whose misdeeds have driven the masses into our camp, what confusion must result in their minds! … It must be that for the hundreds and thousands, for the millions that have sought salvation under our banner, it was all a colossal mistake for them to come to us. If we are not different from the others, then we are not the right ones – the Savior is yet to come; and the Social Democracy was a false Messiah, no better than the other false ones! Just in this fact lies our strength, that we are not like the others, and that we are not only not like the others, and that we are not simply different from the others, but that we are their deadly enemy, who have sworn to storm and demolish the Bastile of Capitalism, whose defenders all those others are. Therefore we are only strong when we are alone. This is not to say that we are to individualise or to isolate ourselves. We have never lacked for company, and we never shall so long as the fight lasts. On the essentially true but literally false phrase about a “single reactionary mass,” the Social Democracy has never believed since it passed from the realm of theory to that of practice. We know that the individual members and divisions of the “single reactionary mass” are in conflict with each other, and we have always used these conflicts for our purposes. We have used opponents against opponents, but have never allowed them to use us.”

Wilhelm Liebknecht (1826–1900) German socialist politician

No Compromise – No Political Trading (1899)

“The ultimate impact of the liberal arts on the art of management, then, is a major contribution to the evolution of an ethical and humanistic capitalism -- a system that stimulates innovation, fosters excellence, enriches society, and dignifies work.”

Roger Smith (executive) (1925–2007) CEO

As cited in: G. Page West, Elizabeth J. Gatewood, Kelly G. Shaver (2009) Handbook of University-wide Entrepreneurship Education. p. 225.
The liberal arts and the art of management (1987)

Francis Escudero photo
Paul Krugman photo
Paul Krugman photo
Albrecht Thaer photo

“The proprietor should always direct his attention to obtain from his land a gradual increase of produce, or to augment its value continually. The farmer only desires the greatest profit during the continuance of his lease, without caring for the value of the land afterwards. "Whilst the proprietor can content himself with a trifling produce during a few years, in order to attain greater and more durable profit subsequently, the tenant must, on the contrary, endeavour to obtain the greatest produce, even though its amount should be diminished during the latter years of his lease; because the proprietor who wishes to farm on the best system, finds at the same time both pleasure and profit in laying out on his property as much capital as he can spare, whilst the tenant, on the contrary, withdraws as much of his pecuniary resources as possible, to employ it in other ways, or to place it at interest. The improvement of the land constitutes the pleasure of the proprietor, while the mere occupying farmer only thinks of augmenting his income. Thus the longer the lease may be, the more do the interests of the landlord and tenant become identified; the shorter the term, the more conflicting are those interests. With a lease of 24 years, a tenant ought, at least during the first two-thirds of its duration, to follow out the views of the proprietor. But the time will come when he will act on different principles, and endeavour to extract from the land a return in proportion to his outlay at the commencement.
To this must be added, that a tenant cannot have the means of laying out so much on the land as the proprietor, even if he wished to do so. The latter must pay the rent, whilst a proprietor anxious to improve can economize something from the net produce to expend on his property. The first may be compared to a merchant who trades on borrowed money; the second to one who speculates with his own funds. The former must first provide for his rent, the latter need only think of extending his speculations.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

Thaer, cited in: Joseph Rogers Farmers Magazine Volume The Seventh http://books.google.com/books?id=8OnG6xwQkesC&pg=PA263, 1843, p. 263: Speaking of lease and covenants

Gary S. Becker photo
David Korten photo
Maurice Glasman, Baron Glasman photo

“Factory workers are not working for capitalism, they are working for a living wage.”

Bernard Crick (1929–2008) British political theorist and democratic socialist

A Footnote To Rally Fellow Socialists, p. 240.
In Defence Of Politics (Second Edition) – 1981

Chris Hedges photo
Linda McQuaig photo
Bram van Velde photo
Ben Croshaw photo
Eoin Colfer photo
William J. Brennan photo
Willa Cather photo
Barry Eichengreen photo
Thomas Jefferson photo

“The immediate source of ecological crisis is capitalism… Capitalism is a cancer in the biosphere… I believe the color of radicalism today is not red, but green.”

Steve Chase American activist

Steve Chase, ed., Defending the Earth: A Dialogue Between Murray Bookchin and Dave Foreman(Boston South End Press, 1991, p 57-59); O'Leary, Richard. Environmental mafia: the enemy is us. pp. 41

Dinesh D'Souza photo

“Colonial possessions added to the prestige, and to a much lesser degree to the wealth, of Europe. But the primary cause of Western affluence and power is internal – the institutions of science, democracy, and capitalism acting in concert.”

Dinesh D'Souza (1961) Indian-American political commentator, filmmaker, author

Two cheers for colonialism http://www.sfgate.com/opinion/article/Two-cheers-for-colonialism-2799327.php (7 July 2002).

James Madison photo

“You will find an allusion to some mysterious cause for a phenomenon in Stocks. It is surmised that the deferred debt is to be taken up at the next session, and some anticipated provision made for it. This may either be an invention of those who wish to sell, or it may be a reality imparted in confidence to the purchasers or smelt out by their sagacity. I have had a hint that something is intended and has dropt from 1 which has led to this speculation. I am unwilling to credit the fact, untill I have further evidence, which I am in a train of getting if it exists. It is said that packet boats & expresses are again sent from this place to the Southern States, to buy up the paper of all sorts which has risen in the market here. These & other abuses make it a problem whether the system of the old paper under a bad Government, or of the new under a good one, be chargeable with the greater substantial injustice. The true difference seems to be that by the former the few were the victims to the many; by the latter the many to the few. It seems agreed on all hands now that the bank is a certain & gratuitous augmentation of the capitals subscribed, in a proportion of not less than 40 or 50 [per cent] and if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, & since the unanimous vote that no change [should] be made in the funding system, my imagination will not attempt to set bounds to the daring depravity of the times. The stock-jobbers will become the pretorian band of the Government, at once its tool & its tyrant; bribed by its largesses, & overawing it by clamours & combinations. Nothing new from abroad. I shall not be in [Philadelphia] till the close of the Week.”

James Madison (1751–1836) 4th president of the United States (1809 to 1817)

Letter to Thomas Jefferson (8 August 1791)
1790s

David McNally photo

“The neoliberal utopia of unrestrained capitalism is being created by a war against the poor and the commons. In fact, the "new enclosures" are a sign that the struggles that marked the birth of capitalism are still very much alive.”

David McNally (1953) Canadian political scientist

Source: Another World Is Possible : Globalization and Anti-capitalism (2002), Chapter 3, The Invisible Hand Is A Closed Fist, p. 69

Gregor Strasser photo

“We must take from the right nationalism without capitalism and from the left socialism without internationalism.”

Gregor Strasser (1892–1934) German politician, rival of Adolf Hitler inside the Nazi Psrty

As quoted in "Wars, Revolutions, Dictatorships", by Stanislav Andreski - History - (1992)

Henri Lefebvre photo

“[U]p until now 'progress' has affected existing social realities only secondarily, modifying them as little as possible, according to the strict dictates of capitalist profitability. The important thing is that human beings are profitable, not that their lives be changed. As far as is possible, capitalism respects the pre-existing shape and contours of people's lives. Only grudgingly, so to speak, does it bring about any change. Criticism of capitalism as a contradictory 'mode of production' which is dying as a result of its contradictions is strengthened by criticism of capitalism as the distributor of the wealth and 'progress' it has produced.
And so, constantly staring us in the face, mundane and therefore generally unnoticed - whereas in the future it will be seen as a characteristic and scandalous trait of our era, the era of the decadent bourgeoisie - is this fact: that life is lagging behind what is possible, that it is retarded. What incredible backwardness. This has up until now been constantly increasing; it parallels the growing disparity between the knowledge of the contemporary physicist and that of the 'average' man, or between that of the Marxist sociologist and that of the bourgeois politician.
Once pointed out, the contrast becomes staggeringly obvious, blinding; it is to be found everywhere, whichever way we turn, and never ceases to amaze.”

Henri Lefebvre (1901–1991) French philosopher

From Critique of Everyday Life: Volume 1 (1947/1991)

Richard Holbrooke photo
Alice A. Bailey photo
Alan Greenspan photo
Fredric Jameson photo
G. K. Chesterton photo
Ron Paul photo
Michael Chabon photo
Paul R. Ehrlich photo
Adolf Hitler photo

“In those countries, it is actually capital that rules; that is, nothing more than a clique of a few hundred men who possess untold wealth and, as a consequence of the peculiar structure of their national life, are more or less independent and free. They say: 'Here we have liberty.' By this they mean, above all, an uncontrolled economy, and by an uncontrolled economy, the freedom not only to acquire capital but to make absolutely free use of it. That means freedom from national control or control by the people both in the acquisition of capital and in its employment. This is really what they mean when they speak of liberty. These capitalists create their own press and then speak of the 'freedom of the press.' In reality, every one of the newspapers has a master, and in every case this master is the capitalist, the owner. This master, not the editor, is the one who directs the policy of the paper. If the editor tries to write other than what suits the master, he is ousted the next day. This press, which is the absolutely submissive and characterless slave of the owners, molds public opinion.
..
Yes, certainly, we jeopardize the liberty to profiteer at the expense of the community, and, if necessary, we even abolish it.
..
All my life I have been a 'have-not.' At home I was a 'have-not.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

I regard myself as belonging to them and have always fought exclusively for them. I defended them and, therefore, I stand before the world as their representative.
Speech to the Workers of Berlin (10 December 1940) (Wikisource)
1940s

Mahatma Gandhi photo

“Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.”

Mahatma Gandhi (1869–1948) pre-eminent leader of Indian nationalism during British-ruled India

Harijan (28 July 1949) p. 219
1940s

Theodor Mommsen photo
Iltutmish photo

“After he returned to the capital in the year AH 632 (AD 1234) the Sultan led the hosts of Islam toward Malwah, and took the fortress and town of Bhilsan, and demolished the idol-temple which took three hundred years in building and which, in altitude, was about one hundred ells.”

Iltutmish (1210–1236) Sultan of Mamluk Sultanate

Vidisha (Madhya Pradesh). Tabqat-i-Nasiri, translated into English by Major H.G. Reverty, New Delhi Reprint, 1970, Vol. I, pp. 621-22

Ayn Rand photo
David Graeber photo
David Ricardo photo
Mohammad Hidayatullah photo
Daniel Burnham photo
Paul A. Samuelson photo
Arthur Schopenhauer photo