Quotes about capital (1674 quotes, page 13)

“We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.”

Kalle Lasn (1942) Estonian-Canadian film maker, author, magazine editor and activist

Hey President Obama http://www.adbusters.org/magazine/82/obama_economics.html/. Adbusters (March 24, 2009).

Nature , Fish , Past

“If consumer society is to continue to exist in the manner to which it has become accustomed, it is essential that this latent power be appropriated, tamed and made docile. The ways in which contemporary capitalism undermines women's bodies, from advertising to pornography to the structure of gendered labour and domestic conflict, are not private troubles with no bearing upon the wider world. They are necessary fetters in a superstructure of oppression that has become so fundamental to the experience of femininity that it is effectively invisible. This superstructure is vital to the very survival of the patriarchal capitalist machine. If women on earth woke up tomorrow feeling truly positive and powerful in their own bodies, the economies of the globe would collapse overnight.”

Laurie Penny book Meat Market: Female Flesh Under Capitalism

Introduction
Meat Market: Female Flesh Under Capitalism (2010)

Women , World , Way , Feeling

““In AH 631 he invaded Malwah, and after suppressing the rebels of that place, he destroyed that idol-temple which had existed there for the past three hundred years…. “Next he turned towards Ujjain and conquered it, and after demolishing the idol-temple of Mahakal, he uprooted the statue of Bikramajit together with all other statues and images which were placed on pedestals, and brought them to the capital where they were laid before the Jami‘ Masjid for being trodden under foot by the people.”110”

Iltutmish (1210–1236) Sultan of Mamluk Sultanate

Vidisha and Ujjain (Madhya Pradesh) Tarikh-i-Mubarak Shahi, of Yahya Sirhindi, Translated from the Urdu version by Dr. Ãftab Asghar, second edition, Lahore. 1982.

People , Past

“Politeness and civility are the best capital ever invested in business.”

P.T. Barnum (1810–1891) American showman and businessman

Ch. 17: "Be polite and kind to your customers" http://www.fourmilab.ch/etexts/www/barnum/moneygetting/moneygetting_chap18.html
Art of Money Getting (1880)

Business

“In the 1980s capitalism triumphed over communism. In the 1990s it triumphed over democracy and the market economy.”

David Korten (1937) writer, sustainability advocate

The Post-Corporate World: Life After Capitalism (2012)

Democracy , Communication

“Money cannot make armaments. Armaments can only be made by the skill of the British working class, and it is the British working class who would be called upon to use them. To-day you have the most glorious opportunity that the workers have ever had if you will only use the necessity of capitalism in order to get power yourselves. The capitalists are in your hands. Refuse to make munitions, refuse to make armaments, and they are helpless. They would have to hand the control of the country over to you.”

Stafford Cripps (1889–1952) British politician

Speech at Eastleigh, Hampshire (14 March 1937), quoted in The Times (15 March 1937), p. 21.

Money , Country

“Enterprises, such as banks, railways and airlines, whether Chinese-owned or foreign-owned, which are either monopolistic in character or too big for private management, shall be operated and administered by the state, so that private capital cannot dominate the livelihood of the people: this is the main principle of the regulation of capital.”

Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China

The Economy of New Democracy
On New Democracy (1940)

People

“Dialogue in Hell:
probable resources. How are loans made? By the issue of bonds containing an obligation on the part of the government to pay a yearly interest proportionate to the capital which has been depleted. If the loan is at 5 percent, for instance, the state, at the end of twenty years, has paid a sum equal to the capital borrowed; at the end of forty years, a double amount; at the end of sixty years, a triple amount, and yet it always remains debtor for the total of the same capital. The modern states wished to put a necessary”

Will Eisner (1917–2005) American cartoonist

The Plot: The Secret Story of the Protocols of the Elders of Zion (10/2/2005)

Hell , Parting

“Canada may be fast-forwarding, jump starting, into a new pattern, a model of communication linkages, a civilization that is more than a grab for power and dominance, a place that could channel the fires of the global wirings, where political alliances are subject to electrical ebb and flow, and the alchemical cultivations of imagination and perception, of the self, could precail of the ideology of capital.”

B. W. Powe (1955) Canadian writer

First Meditation, p. 65-66
Towards a Canada of Light (2006)

Imagination , Communication

“Koch was one of the sincere Socialists in the movement. He was a follower of Gregor Strasser, like most of the North German bosses. ‘Of course the world will become socialistic,’ he said to me once when I went to see him at Konigsberg. ‘Capitalism has done for itself. Do you suppose that Hitler can stop at this reactionary beginning? My dear man, many things have to happen yet. Your Junker cousins, we shall kill the lot of them,’ he added, laughing. ‘We shall sweep them all away. Peasants must take over; we are settling them on the land. The things the slack Sozis (Socialists) never carried out, we shall put through. Away with the Junkers and the captains of industry! Do you suppose we were just talking through our hats about nationalizing the banks and abolishing the stock exchange and all that?… And if that whimpering instrument Hitler doesn't squeak out our tune, we shall get another fiddle to play on.”

Hermann Rauschning (1887–1982) German politician

Source: Men in Chaos (1942), p. 89

World , Sincerity

“The strength of capitalism does not lie in the neoclassical idea of stability, but in its ability to unleash this creative energy. like a chaotic mathematical system, it is capable of producing surprise.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 6, At Rest Versus In Motion, p. 194

Lie , Mathematics , Idea

“The men of the Niagara Movement coming from the toil of the year's hard work and pausing a moment from the earning of their daily bread turn toward the nation and again ask in the name of ten million the privilege of a hearing. In the last year the work of the Negro hater has flourished in the land. Step by step the defenders of the rights of American citizens have retreated. The work of stealing the black man's ballot has progressed and the fifty and more representatives of stolen votes still sit in the nation's capital. Discrimination in travel and public accommodation has so spread the some of our weaker brethren are actually afraid to thunder against color discrimination as such and are simply whispering for ordinary decencies.”

W.E.B. Du Bois (1868–1963) American sociologist, historian, activist and writer

The Niagara Movement, Address to the Country

Men , Color , Travel

“Instead the economy is a subsystem of the finite biosphere that supports it. When the economy’s expansion encroaches too much on the surrounding biosphere, we begin to sacrifice natural capital (animals, plants, minerals and fossil fuels) that is worth more than the manmade capital (roads, factories, appliances) added by ‘growth’.”

Herman E. Daly (1938) American economist

A steady-state economy, 2008

Support , Nature , Animals

“The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources””

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

“Capitalism is presumably the first case of a blaming, rather than a repenting cult. … An enormous feeling of guilt not itself knowing how to repent, grasps at the cult, not in order to repent for this guilt, but to make it universal, to hammer it into consciousness and finally and above all to include God himself in this guilt.”

Walter Benjamin book Capitalism as Religion

Der Kapitalismus ist vermutlich der erste Fall eines nicht entsühnenden, sondern verschuldenden Kultus. ... Ein ungeheures Schuldbewußtsein das sich nicht zu entsühnen weiß, greift zum Kultus, um in ihm diese Schuld nicht zu sühnen, sondern universal zu machen, dem Bewußtsein sie einzuhämmern und endlich und vor allem den Gott selbst in diese Schuld einzubegreifen.
Translated by Chad Kautzer in The Frankfurt School on Religion: Key Writings by the Major Thinkers (2005), p. 259
Capitalism as Religion (1921)

God , Feeling , Universe

“I still need more healthy rest in order to work at my best. My health is the main capital I have and I want to administer it intelligently.”

Ernest Hemingway (1899–1961) American author and journalist

Letter (21 February 1952); published in Ernest Hemingway: Selected Letters 1917–1961 (1981) edited by Carlos Baker

Health , Intelligence

“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 16

“All these Wall Street lawyers are running the system according to Buckminster Fuller. After World War II they took most of the money out of the United States, they drained the blood out of the United States and put it abroad, overseas capital…. Fuller calls it Lawyer Capitalism, the lawyers run the show. Tax laws are the key. In the postwar years, tax law allowed US capital to go abroad…. It all fled the country and stayed abroad and America changed tremendously…. We became a world power, yet a rapacious one, with capitalists really doing a major theft of our money…. Nixon took us off the Gold standard in 1972 because America went bankrupt…. All these recessions in the 70’s, 80’s…. My father got wiped out on Wall Street.”

Oliver Stone (1946) American film director, screenwriter, and producer

Wall Street DVD Director’s Commentary (2000)

Money , War , World , Law

“In the summer of 1864, pessimists warned that the North could not win the Civil War. President Abraham Lincoln faced opposition for the Republican-party nomination, and even if he won it, he was considered likely to lose the November election to Union general George McClellan. General Grant’s Army of the Potomac was being bled white in Virginia in vain attempts to dislodge Robert E. Lee’s defenders from their entrenchments around the Confederate capital of Richmond. Gruesome encounters such as the Battle of Cold Harbor and the Battle of the Wilderness had given the depressed Northern public nightmares. Then, suddenly, fantasy became reality. The maverick General William Tecumseh Sherman unexpectedly took Atlanta on September 2, 1864. Euphoria swept the North. McClellan’s sure-thing candidacy crashed. The mercurial Sherman then headed off with his huge army on the famous “March to the Sea” through Georgia. He next plowed through the Carolinas to the rear of Lee’s army in Virginia. In less than nine months the entire Confederate cause collapsed. The supposedly endless Civil War ended with a sudden and absolute Union victory that no one had foreseen.”

Victor Davis Hanson (1953) American military historian, essayist, university professor

2010s, The American Art of Renewal (2018)

War , Reality , Victory , Summer

“Inflation and Employment in capitalist countries, in my own view, the change is the other way around: the constraints on the pressure of demand tend to be excessive, with the result that unemployment is much greater than can be justified by the needs of resource-allocation, and the rate of economic growth is appreciably less than it could be.
The main reason for this is that the distribution of power and, ultimately, the distribution of incomes, changes in favor of labor the faster the economy grows and the nearer it is to full employment, and over a longer period it changes in favor of capital the greater the volume of unemployment. This is the real reason why the continuance of Keynesian policies after the war led to a recrudescence of long-discredited ideas that go by the name of “monetarism.” The main attraction of monetarism was not its intellectual simplicity— inflation is a matter of the money supply, period— but that it elevated the fear of inflation to the unique position which could not be justified by the experience of numerous countries who habitually suffer from it.”

Nicholas Kaldor (1908–1986) British/Hungarian economist

Nicholas Kaldor, Economics without Equilibrium (1985), p.37-38

Money , War , Fear , Way

“I have no doubt that the revolution will triumph. The people of the world will prevail, seize power, seize the means of production, wipe out racism, capitalism.”

Huey P. Newton book Revolutionary Suicide

Source: Revolutionary Suicide (1973), p. 4

People , World

“Capitalism is a system in which many scarce resources are owned privately, and decisions about allocating them are a private prerogative. Democracy is a system through which people as citizens may express preferences about allocating resources that they do not privately own. Hence the perennial question of political theory and of practical politics concerns the competence of these two systems with regard to each other. Is it possible for governments to control a capitalist economy? In particular, is it possible to steer the economy against the interests and preferences of those who control productive wealth?”

Adam Przeworski (1940) Polish-American academic

Adam Przeworski and Michael Wallerstein, The American Political Science Review (Mar., 1988)

People , Democracy , Question , Decision

“.. but also for the person who is visiting Paris later in his life for the very first time, something unusual will happen.... then there appears for the man of age a light - a light in which he sees the dreamy images of his life transforming into more tangible and more solid forms. Because that city has created our modern culture, and the movements of life in most countries are just a reflex of those which are starting in France's capital.”

George Hendrik Breitner (1857–1923) Dutch painter and photographer

translation from the original Dutch, Fons Heijnsbroek
version in original Dutch (citaat van Breitner's brief, in het Nederlands:) Maar ook voor hem die Parijs op latere leeftijd voor het eerst betreedt, gebeurt er iets ongewoons in zijn leven.. ..er gaat voor de mensch van leeftijd een licht op, een licht waarin hij de droomgestalten van zijn leven tot meer tastbare vastere vormen ziet verwezenlijkt. Want die stad heeft onze moderne cultuur geschapen en de bewegingen van het leven in de meeste landen een reflex van die, welke in Frankrijks hoofdstad een aanvang nemen.
Quote of Breitner, after 1884 (when he visited Paris); as cited by Frans Erens, in Vervlogen jaren; De Arbeiderspers, Zwolle 1958, p. 98
undated quotes

Life , Age , Light , Appearance

“Human beings are incontestably capital from an abstract and mathematical point of view.”

Theodore Schultz (1902–1998) American economist

Source: "Investment in human capital," 1961, p. 3

Mathematics

“Already London is the biggest centre for Islamic finance outside the Islamic world. But today our ambition is to go further still. Because I don’t just want London to be a great capital of Islamic finance in the Western world. I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world.”

David Cameron (1966) Former Prime Minister of the United Kingdom

Speech at the ninth World Islamic Economic Forum in 2013 - "World Islamic Economic Forum: Prime Minister's speech" Gov.uk (29 October 2013) https://www.gov.uk/government/speeches/world-islamic-economic-forum-prime-ministers-speech
2010s, 2013

World

“Thanks to slavery, in the South capital and labor were combined in nearly four million sweating field hands picking cotton and planting rice.”

William C. Davis (1946) American historian

Source: Look Away!: A History of the Confederate States of America (2002), p. 21

“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

“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).
2000s, 2001-2005

Money , Education

“Think about the strangeness of today's situation. Thirty, forty years ago, we were still debating about what the future will be: communist, fascist, capitalist, whatever. Today, nobody even debates these issues. We all silently accept global capitalism is here to stay. On the other hand, we are obsessed with cosmic catastrophes: the whole life on earth disintegrating, because of some virus, because of an asteroid hitting the earth, and so on. So the paradox is, that it's much easier to imagine the end of all life on earth than a much more modest radical change in capitalism.”

Slavoj Žižek (1949) Slovene philosopher

Žižek! (2005); as Žižek notes on p. 1 of Mapping Ideology (1994), the observation that it is easier to imagine the end of the earth than the end of capitalism was originally made by Fredric Jameson.

Life , Imagination , Thinking , Change

“Only proto-capitalism has ever been critiqued.”

Nick Land (1962) British philosopher

"Machinic Desire" (1993), in Fanged Noumena, p. 340 (original emphasis)

“The bourgeoisie incites the workers of one nation against those of another in the endeavor to keep them disunited. Class-conscious workers, realising that the break-down of all the national barriers by capitalism is inevitable and progressive, are trying to help to enlighten and organise their fellow-workers from the backward countries.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

"Capitalism and Workers’ Immigration", in Za Pravdu No. 22 (29 October 1913) http://www.marxists.org/archive/lenin/works/1913/oct/29.htm; Collected Works, Vol. 24.
1910s

Help , Country

“Edie thought Joan was the most intelligent girl she had ever met. She had an independent mind, always questioning what anyone said, including her teachers at Barnard. In one of her marginal notes in her copy of Marx's Capital and Other Writings, there are echoes of Burroughs's thinking: "Maybe Marxism is dynamic and optimistic, and Freudianism is not. Is one more serviceable than the other? Why does it always have to be either/or?”

Joan Vollmer (1923–1951) Common-law wife of William S. Burroughs

Ted Morgan, Literary Outlaw, discusses Edie Parker's impression of Joan Vollmer:
About

Girl , Intelligence , Question , Thinking

“We are in favor of a democratic republic as the best form of state for the proletariat under capitalism; but we have no right to forget that wage-slavery is the lot of the people even in the most democratic bourgeois republic.”

Vladimir Lenin book The State and Revolution

§ 1.4, "The Withering Away of the State and Violent Revolution", Essential Works of Lenin (1966)
The State and Revolution (1917)

People , Forgetting

“There is an emerging alternative to the big government-big business-big labor kind of "rebuilding" of America. Its basic strategy is to get investment capital out of the hands of the big banks … and into the hands of the communities. Its greatest champions are neither politicians nor oppositional political groups, but – remarkably – bankers; or, more specifically, those few bankers who describe themselves as "community development bankers."”

Mark Satin (1946) American political theorist, author, and newsletter publisher

Source: New Options for America (1991), Chapter 8, "Rebuilding America – the Old-Fashioned Way," p. 57.

Communication , Business

“Chentlemen, you are vorried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche.”

Joseph Alois Schumpeter (1883–1950) Austrian economist

To economics students, recorded by R. L. Heilbroner, The Worldly Philosophers, 1953

“The advent of colonialism and western capital to the Arab world has transformed most aspects of daily living; however, it has failed to impose a European heterosexual regime on all Arab men, although its efforts were successful in the upper classes and among the increasingly westernised middle classes. It is among members of these richer segments of society that the Gay International has found native informants. Although members of these classes who engage in same-sex relations have more recently adopted a western identity (as part of the package of the adoption of everything western by the classes to which they belong), they remain a minuscule minority among those men who engage in same-sex relations and who do not identify as “gay” nor express a need for gay politics.”

Joseph Massad (1963) Associate Professor of Arab Studies

Ibid., pp. 172-3
Desiring Arabs

Men , World , Sex , Effort

“The division of labour is a consequence of the previous accumulation of capital… As the accumulation of capital must have preceded the division of labour, so its subsequent division can only be extended as capital is more and more accumulated. Accumulation and division act and react on each other. The quantity of raw materials which the same number of people can work up increases in a great proportion, as labour comes to be more and more subdivided; and acccording as the operations of each workman are reduced to a greater degree of identity and simplicity, he has, as already explained, a greater chance of discovering machines and processes for facilitating and abridging his labour. The quantity of industry, therefore, not only increases in every country with the increase of the stock or capital which sets it in motion; but, in consequence of this increase, the division of labour becomes extended, new and more powerful implements and machines are invented, and the same quantity of labour is thus made to produce an infinitely greater quantity of commodities”

John Ramsay McCulloch (1789–1864) Scottish economist, author and editor

Source: The principles of political economy, 1825, p. 95-96

People , Chance , Country

“Communism was the regime for the privileged elite, capitalism the creed for the common man.”

Margaret Thatcher (1925–2013) British stateswoman and politician

The Path To Power (1995)

Communication

“It is important to realize that the market economy, though it is associated historically with the rise of modern private capitalism, is as a mechanism not necessarily limited to that system.”

Daniel Bell book The Cultural Contradictions of Capitalism

Source: The Cultural Contradictions of Capitalism (1976), Chapter 6, The Public Household, p. 223

“Money could not be converted into capital if wage labour did not exist.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 9, Money, Credit And Finance, p. 253

Money

“In Cambodia, the Cambodian people, communists and patriots, have risen against the barbarous government of Pol Pot, which was nothing but a group of provocateurs in the service of the imperialist bourgeoisie and of the Chinese revisionists, in particular, which had as its aim to discredit the idea of socialism in the international arena… The anti-popular line of that regime is confirmed, also, by the fact that the Albanian embassy in the Cambodian capital, the embassy of a country which has given the people of Cambodia every possible aid, was kept isolated, indeed, encircled with barbed wire, as if it were in a concentration camp. The other embassies, too, were in a similar situation. The Albanian diplomats have seen with their own eyes that the Cambodian people were treated inhumanly by the clique of Pol Pot and Yeng Sari. Pnom Pen was turned into a deserted city, empty of people, where food was difficult to secure even for the diplomats, where no doctors or even aspirins could be found. We think that the people and patriots of Cambodia waited too long before overthrowing this clique which was completely linked with Beijing and in its service.”

Enver Hoxha (1908–1985) the Communist leader of Albania from 1944 until his death in 1985, as the First Secretary of the Party of L…

In regard to Cambodia, our Party and state have condemned the bloodthirsty activities of the Pol Pot clique, a tool of the Chinese social-imperialists. We hope that the Cambodian people will surmount the difficulties they are encountering as soon as possible and decide their own fate and future in complete freedom without any 'guardian'. (Selected Works Vol. VI, p. 419.)
Writings, Other

People , Food , Idea , Thinking

“The life of a man who deliberately runs through his fortune often becomes a business speculation; his friends, his pleasures, patrons, and acquaintances are his capital.”

Honoré de Balzac (1799–1850) French writer

La vie d'un homme occupé à manger sa fortune devient souvent une spéculation; il place ses capitaux en amis, en plaisirs, en protecteurs, en connaissances.
The Wild Ass’s Skin (1831), Part II: A Woman Without a Heart

Life , Pleasure , Business

“Capitalism in the twentieth century was dominated by finance, with the exception of that half of the century that was taken up by its world wars, the Great Depression and its Keynesian aftermath. Even before, in the nineteenth century, finance seduced industrial capitalism by offering a vision of capitalist reproduction expanded by the resources generated by financial inflation, ostensibly held in check by controls on the issue of paper money. The extensive and negative reaction of English political economy to Adam Smith’s views on usury was symptomatic of the expansion of financial markets and their growing confidence in their ability to contribute to commerce and industry. From Veblen through Keynes to Minsky, a series of critics of finance argued that economies do not operate in the benign way in which it appears in equilibrium economics. These critics can be divided into those like Veblen, Hawtrey, Kalecki, Steindl and Minsky, who took a general view of finance; those like Smith, Fisher and Breit, who saw the financial system as essentially a banking system; and those like Keynes, Kindleberger and Galbraith, who have identified the pathology of modern capitalism in its capital markets.”

Jan Toporowski (1950)

Theories of Financial Disturbance (2005), Ch. 15. Conclusion: the disturbance of economists by finance

Money , War , World , Way

“Free market capitalism is the best path to prosperity!”

Lawrence Kudlow (1947) American economist

Kudlow's Money Politics blog http://kudlowsmoneypolitics.blogspot.com/2007/09/free-market-hall-of-fame.html, September 14, 2007. (known as the "Kudlow Creed" on the Kudlow & Company show)

“From a historical point of view, the injustice against blacks was perpetrated mostly by governments. Private business does not go in for race-based policies, because it means excluding paying customers.
And this is precisely why racialists, nationalists, and hard-core bigots have always opposed liberal capitalism: it includes and excludes based on the cash nexus and without regard to features that collectivists of all sorts regard as important. In the imagined utopias of the national socialists, the champions of commerce are hanged from lampposts as race traitors and enemies of the nation.”

Lew Rockwell (1944) American libertarian author and editor

As quoted in "The Freedom of Association" http://www.lewrockwell.com/rockwell/freedom-of-association145.html (1 June 2010).
2010s

Imagination , Business

“Thomas Friedman dismissed the protesters in Quebec City as members of the "Coalition to Keep Poor People Poor." …The Coalition to Keep Poor People Poor might as well disband; its apparent goal is being accomplished in spades by pro-market forces. If the prospects of the world's poor improving their lot is one that supposedly upsets anti-capitalist protestors, they can confidently put their gas masks and get back to the shopping mall - global capitalism can be trusted to keep the poor in check without any help.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

People , World , Confidence , Help

“Schumpeter’s work, his dynamic view of the entrepreneur and creative destruction has had a great impact on me. He indeed wrote a book, Capitalism, Socialism and Democracy, which intended to give a complex analysis of the two systems. But these two books, and a few others (e. g., some of Mises’s and Hayek’s works) are rather exceptional. A typical American textbook on economic systems is not written with the same ambition about capitalism with which I wrote about socialism. It doesn’t give you a general model of capitalism, including the characterization of the political, ideological, and social spheres.”

János Kornai (1928) Hungarian economist

János Kornai, in "An Interview with János Kornai : Interviewed by Olivier Blanchard", Macroeconomic Dynamics, 1999

Books , Democracy

“Capitalism is the greatest benefactor man has ever had. It is time for the thinking men and women of every nation to recognize that fact and to fully embrace the system of the mind and of individual rights. Men and women of all countries unite - in your support of capitalism. You have a world of joyous achievement to win.”

Andrew Bernstein (1949) American philosopher

The Bernstein Declaration (Liberty Magazine - December 2002).

Women , Men , World , Support

“I do not believe in private armies but if the Fascists started a private army it might be for the Socialist and Communist Parties to do the same. When the Labour Party come into power they must act rapidly, and it will be necessary to deal with the House of Lords and the influence of the City of London. There is no doubt that we shall have to overcome opposition from Buckingham Palace and other places as well…There must not be time to allow the forces outside to gather and to exercise their influence upon the Legislature before the key-points of capitalism have been transferred to the control of the State, and I look upon these two key-points myself as being the land and finance. If other people become revolutionary, then the Socialist Government, like any other Government, must take steps to stamp out the revolution. The Socialist Government must not be mealy-mouthed about saying what they mean. They must make it perfectly clear that it is their intention to carry out the mandate they have been given by the people.”

Stafford Cripps (1889–1952) British politician

Speech to the annual conference of the University Labour Federation in Nottingham (6 January 1934), quoted in The Times (8 January 1934), p. 14.

People , Exercises , Time , Housing

“Monopolies, oligarchy, the striving for domination and not for freedom, the exploitation of an increasing number of small or weak nations by a handful of the richest or most powerful nations — all these have given birth to those distinctive characteristics of imperialism which compel us to define it as parasitic or decaying capitalism.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Imperialism, The Highest Stage of Capitalism (1917)

Birth , Freedom

“…new nuclear plants are simply unfinanceable in the private capital market, and the technology will continue to die of an incurable attack of market forces—all the faster in competitive markets. This is true not just in the U. S., where the last order was in 1978 and all orders since 1973 were cancelled, but globally.”

Amory B. Lovins (1947) American physicist

Winning the Oil Endgame http://www.oilendgame.com/, p. 258

“We Social Democrats dare not be like the other parties, all of whom are equally guilty of the injustices of the present system and equally responsible for them. Every one who suffers under these injustices looks to us for deliverance. Every one of us has had these victims of society after failing to get justice from the courts, from the government, from the Emperor himself, and from all the other parties, come to us as the last and only ones that can help them. They do not know our scientific program; they do not know what capital and capitalism mean; but they have the belief, the feeling, that we are a party that can help when all other parties fail. This belief is for us an inexhaustible source of power. It was a similar faith of despair that spread more and more in the decaying Roman empire and slowly undermined the heathen world until it finally collapsed. We give up this inexhaustible source of power if we ally ourselves with other parties and drive suffering humanity from us by saying to it: “We are not essentially different from the others.””

Wilhelm Liebknecht (1826–1900) German socialist politician

Once the boundary line of the class struggle is wiped away and we have started upon the inclined plane of compromise, there is no stopping. Then we can only go down and down until there is nothing deeper.
No Compromise – No Political Trading (1899)

World , Faith , Justice , Feeling

“[Ike] was presiding over a situation in which history was turning into demography, in which judgment—and Ike possessed judgment with a capital J—was being drained out of every powerful situation, and marketing considerations were being pumped in.”

George W. S. Trow (1943–2006) American writer

My Pilgrim’s Progress (1999)

History

“To say that we could not work without capital is as true as to say that we could not mow without a scythe. To say that we could not work without a capitalist is as false as to say that we could not mow a meadow unless all the scythes belonged to one man. Nay, it is as false as to say that we could not mow unless all the scythes belonged to one man and he took a third of the harvest as payment for the loan of them.”

Robert Blatchford book Merrie England

Merrie England (1893) Chapter XXIII, Luxury, p. 182 ( 1894 printing https://archive.org/details/merrieengland00blatiala)

Falseness

“Capitalism has been fully restored in Yugoslavia, as is well-known, but this capitalism knows how to disguise. Yugoslavia portrays itself as a socialist state, but of a special kind, as the world has never seen it before! The Titoites even boast that their state has nothing in common with the first socialist state which emerged from the socialist October Revolution and which was founded by Lenin and Stalin on the basis of the scientific theory of Marx and Engels.”

Enver Hoxha (1908–1985) the Communist leader of Albania from 1944 until his death in 1985, as the First Secretary of the Party of L…

Writings, Yugoslav "Self-Administration" - Capitalist Theory and Practice

World

“[B]oth the communists and fascists revolutions definitely abolished laissez-faire capitalism in favor of one or another kind and degree of state capitalism.”

Norman Thomas (1884–1968) American Presbyterian minister and socialist

A Socialist’s Faith, W. W. Norton, 1951, p. 55.

“"Is it the part of the police department to harass me when this city is a flagrant vice capital of the civilized world?" Ignatius bellowed over the crowd in front of the store. "This city is famous for its gamblers, prostitutes, exhibitionists, anti-Christs, alcoholics, sodomites, drug addicts, fetishists, onanists, pornographers, frauds, jades, litterbugs, and lesbians, all of whom are only too well protected by graft."”

John Kennedy Toole A Confederacy of Dunces

Source: A Confederacy of Dunces (1980, posthumous), Ch. 1, p. 21

Alcohol , World , Fraud , Christ

“There are no good aspects of monopoly capital, so no reservations need be recognized in its destruction. Monopoly capital is the enemy. It crushes the life force of all of the people. It must be completely destroyed, as quickly as possible, utterly, totally, ruthlessly, relentlessly destroyed.”

George Jackson (activist) (1941–1971) activist, Marxist, author, member of the Black Panther Party, and co-founder of the Black Guerrilla Family

Source: Blood in My Eye (1971), p. 109

Life , People

“For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable.”

John Maynard Keynes book Essays in Persuasion

Source: Essays in Persuasion (1931), The End of Laissez-faire (1926), Ch. 5

Way , Thinking , Parting

“Globalization is thus also about global commodification of labour; it is about — global proletarianization — the creation of a world working class for capital to exploit.”

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. 78

World

“Overcoming deficits is an essential part of the fabric of our culture. Our books, movies, and folklore are filled with stories of the underdog who beats one-in-a-million odds. And this leads us to celebrate those who triumph over their lack of natural ability even more than we recognize those who capitalize on their innate talents. As a result, millions of people see these heroes as being the epitome of the American Dream and set their sights on conquering major challenges. Unfortunately, this is taking the path of most resistance.”

Tom Rath (1975) American author

StrengthsFinder 2.0, 2007
Source: Tom Rath, "The Fallacy Behind the American Dream," Business Journal, Feb. 8, 2007 (Excerpted from StrengthsFinder 2.0)

People , Books , Dreams , Nature

“The profit motive should not be confused with the profit system. By the profit system, of course, we mean the institution of private property in capital goods and the free private enterprise that goes along with it. There is no reason why the "profit motive" should be necessarily connected with the profit system. In a profit system there is nothing to prevent anyone acting on altruistic lines; there is no law that says a businessman must maximize his profits. If a businessman chose to operate with outputs, prices, and wages that yielded him a smaller profit than the maximum, but which he felt were socially more desirable, there is nothing in the profit system that would prevent him from doing this. Nothing in the profit system would prevent the most ardent liberal from refusing an increase in wages, or from accepting an unpleasant and poorly paid job. At the other extreme, there is nothing in a communist system that would do away with the profit motive, or the "advantage motive."”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, The Economics of Peace, 1945, p. 239

Law , Motivation

“So I finally sold out and bought an Ipod the other day. I haven't sold out to the point that I'd spell it with a lower case I and a capital P like the makers insist upon, though.”

Ben Croshaw (1983) English video game journalist

5 June 2007
Fully Ramblomatic

“We face a probable future of nuclear-armed states warring over a scarcity of resources; and that scarcity is largely the consequence of capitalism itself. For the first time in history, our prevailing form of life has the power not simply to breed racism and spread cultural cretinism, drive us into war or herd us into labour camps, but to wipe us from the planet. Capitalism will behave antisocially if it is profitable for it to do so, and that can now mean human devastation on an unimaginable scale. What used to be apocalyptic fantasy is today no more than sober realism. The traditional leftist slogan ‘‘Socialism or barbarism’’ was never more grimly apposite.”

Terry Eagleton (1943) British writer, academic and educator

Source: 2010s, Why Marx Was Right (2011), Chapter 1, p. 8

Life , War , History , Time

“Backlash happens to be the title of a 1947 Hollywood movie in which a man frames his wife for a murder he's committed. The backlash against women's rights works in much the same way: its rhetoric charges feminists with all the crimes it perpetrates. The backlash line blames the women's movement for the “feminization of poverty” ñwhile the backlash's own instigators in Washington pushed through the budget cuts that helped impoverish millions of women, fought pay equity proposals, and undermined equal opportunity laws. The backlash line claims the women's movement cares nothing for children's rightsñwhile its own represetatives in the capital and state legislatures have blocked one bill after another to improve child care, slashed billions of dollars in federal aid for children, and relaxed state licensing standards for day care centers. The backlash line accuses the women's movement of creating a generation of unhappy single and childless womenñbut its purveyors in the media are the ones guilty of making single and childless women feel like circus freaks.”

Susan Faludi book Backlash: The Undeclared War Against American Women

Page 17.
Backlash (1992)

Women , Children , Law , Way

“Nobody ever said that capitalism guarantees profit.”

Andrew Zimbalist (1947) American economist

Source: Baseball And Billions - Updated edition - (1992), Chapter 3, Franchise Finances, p. 69.

“The 2008 financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, “adjustments” must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master.”

Robert Costanza (1950) American economist

Source: Toward a New Sustainable Economy, 2008, p. 40

World , Problem , Reality , Future

“Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' — as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.”

James K. Galbraith (1952) economist

James K. Galbraith (2012), Inequality and Instability: A Study of the World Economy. p. 148; Cite in: " Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler http://www.thestraddler.com/201310/piece2.php" at thestraddler.com, Winter 2013.

People , Business , Evil , Wealth

“Not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 13, Crisis In The Space Economy Of Capitalism, p. 445

Way , Idea , Time

““When the blessed canopy had been fixed about a mile from the gate of Arangal, the tents around the fort were pitched together so closely that the head of a needle could not go between them… Orders were issued that every man should erect behind his own tent a kathgar, that is wooden defence. The trees were cut with axes and felled, notwithstanding their groans; and the Hindus, who worship trees, could not at that time come to the rescue of their idols, so that every cursed tree which was in that capital of idolatry was cut down to the roots…”

Amir Khusrow (1253–1325) Indian poet, writer, musician and scholar

About Sultan ‘Alau’d-Din Khalji (AD 1296-1316) and his generals conquests in Warangal (Andhra Pradesh) Elliot and Dowson, History of India as told by its own Historians,Vol. III, p. 81-85
Khazainu’l-Futuh

Tree , Time

“Mir Jumla made his way into Kuch Bihar by an obscure and neglected highway' In six days the Mughal army reached the capital (19th December) which had been deserted by the Rajah and his people in terror. The name of the town was changed to Alamgirnagar; the Muslim call to prayer, so long forbidden in the city, was chanted from the lofty roof of the palace, and a mosque was built by demolishing the principal temple.”

Aurangzeb (1618–1707) Sixth Mughal Emperor

1661. Koch Bihar (Bengal) , Fathiyya-i-Ibriyya cited by Sarkar, Jadu Nath, History of Aurangzeb, quoted in Goel, S.R. Hindu temples What Happened to them https://archive.org/details/in.ernet.dli.2015.62677/page/n171
Quotes from late medieval histories, 1660s

People , Way , Change

“One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn’t cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that’s precisely why tax revenues have soared. When a department store wants to make more money, it doesn’t raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.”

Mike Rosen (1944) American political pundit

July 22, 2005 Rocky Mountain News column

Money , War , History

“I mean, it became particularly acute because Keynes, against his intentions, had stimulated the development of macroeconomics. And I was convinced that not only his particular conclusions, but the whole foundation of macroeconomics was wrong.
So I wanted to demonstrate that we had to return to microeconomics, that this whole prejudice supported by the natural scientists that could deduce anything from measurable magnitudes, the effects of aggregates and averages, came to fascinate me much more. I felt in a way, that the thing which I am now prepared to do, I don’t know as there’s anybody else who can do this particular task. And I rather hoped that what I had done in capital theory would be continued by others. This was a new opening which was much more fascinating. The other would have meant working for a result which I already knew, but had to prove it. Which was very dull.
The other thing was an open problem: How does economics really look like when you recognize it as the prototype of a new kind of science of complex phenomena which could not employ the simple model of mechanics or physics, but had to deal with what then I described as mere pattern predictions, certain limited prediction. That was so much more fascinating as an intellectual problem.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

In a 1985 interview with Gary North and Mark Skousen, in Hayek on Hayek (1994)
1980s and later

Hope , Way , Support , Nature

“In a sense we've come to our nation's capital to cash a check. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir.
This note was a promise that all men, yes black men as well as white men, would be guaranteed the inalienable rights of life, liberty, and the pursuit of happiness. It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked "insufficient funds." But we refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. And so, we've come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, (1963)

Life , Men , People , Justice

“South Korea is a very capital-centric country.”

Brian Reynolds Myers (1963) American professor of international studies

2010s, Interview with Colin Marshall (February 2015)

Country

“.. As Salmanezer and Nebuchadnezzar had formerly carried the Jews to Babylon, so now from all the frontier provinces of the new kingdom (of Armenia) - from Corduene, Adiabene, Assyria, Cilicia, Cappadocia - the inhabitants, especially the Greek or half-Greek citizens of the towns, were compelled to settle with their whole goods and chattels in the new capital, one of those gigantic cities proclaiming rather the nothingness of the people than the greatness of the rulers, which sprang up in the countries of the Euphrates on every change in the supreme sovereignty at the fiat of the new grant Sultan. the new 'city of Tigranes", Tigranocerta, situated in in the most southern province of Armenia, not far from the Mesopotamian frontier, was a city like Nineveh and Babylon, with walls fifty yards high, and the appendages of palace, garden and park that were appropriate to sultanism In other respects, too, the new great king proved faithful to his part. As amidst the perpetual childhood of the East the childlike conceptions of kings with real crowns on their heads have never disappeared, Tigranes, when he showed himself in public, appeared in the state and costume of a successor of Darius and Xerxes, with the purple fagtan, the half white half-purple tunic, the long plaited trousers, the high turban, and the royal diadem - attended moreover and served in slavish fashion, wherever he went or stoood, by four "kings."”

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

Vol. 4, Part: 1. Chapter 2 Pg. 47 - "Rule of the Sullan Restoration" Translated by W.P. Dickson.
The History of Rome - Volume 4: Part 1

People , Faith , Fashion , Appearance

“Anyone who consults a soothsayer on account of curiosity of the future will suffer capital punishment.”

Constantius II (317–361) Roman emperor

CT 9.16.4 released 25 June 357
Codex Theodosianus

Suffering , Future

“What was it, then, about the development of capitalism that gave rise to modern racial ideology?”

David McNally (1953) Canadian political scientist

Source: Another World Is Possible : Globalization and Anti-capitalism (2002), Chapter 4, The Colour Of Money, p. 112

“The whole economic system of Capitalism is an offshoot of a devouring and overwhelming lust, of a kind that can hold sway only in a society that has deliberately renounced the Christian asceticism and turned away from Heaven to give itself over exclusively to earthly gratifications. … It is the result of a secularization of economic life, and by it the hierarchical subordination of the material to the spiritual is inverted. The autonomy of economics has ended in their dominating the whole life of human societies: the worship of Mammon has become the determining force of the age. And the worst of it is that this undisguised “mammonism” is regarded as a very good thing, an attainment to the knowledge of truth and a release from illusions. Economic materialism formulates this to perfection when it brands the whole spiritual life of man as a deception and a dream.”

Nikolai Berdyaev (1874–1948) Russian philosopher

Source: The End of Our Time (1919), p. 92

Life , Truth , Age , Dreams

“Manhattan is not altogether felicitous for fiction. It is not a city of memory, not a family city, not the capital of America so much as the iconic capital of this century. It is grand and grandiose with its two rivers acting as a border to contain the restless. Its skyscrapers and bleak, rotting tenements are a gift for photographic consumption, but for the fictional imagination the city's inchoate density is a special challenge.”

Elizabeth Hardwick (1916–2007) Novelist, short story writer, literary critic

"Locations: An Introduction" (p. xvi)
American Fictions (1999)

Family , Imagination , Memory

“.. before being hypnotized, she could not distinguish the capitals in the advertising columns of a newspaper. After being hypnotized, however, she could, in a few minutes, see to read the large and second heading of the newspaper, and next day, to make herself a blond cap, threading her needle WITHOUT the aid of glasses.”

James Braid (1795–1860) Scottish surgeon, hypnotist, and hypnotherapist

Hypnotising for improvement of eyesight, in “Neurypnology; or, The rationale of nervous sleep, considered in relation ...”, p. 68.

Reading

“As regards foreign investment, I said we have our own priorities and cannot open up so others can exploit us…Cutting red tape is one aspect of liberalisation, inviting all multinationals across the world is another thing. What I aimed at was a model of more internal competition, but resisting foreign capital.”

V. P. Singh (1931–2008) Indian politician

We are ruled by an upper caste Hindu raj

World

“I shall always regard this aspect of my dispute with Keynes as the greatest mistake of my professional career, and the book, The Great Depression, which I subsequently wrote, partly in justification of this attitude, as something which I would willingly see be forgotten. […] Now I still think that there is much in this theory as an explanation of a possible generation of boom and crisis. But, as an explanation of what was going on in the early ’30s, I now think it was misleading. Whatever the genetic factors of the pre-1929 boom, their sequelae, in the sense of inappropriate investments fostered by wrong expectations, were completely swamped by vast deflationary forces sweeping away all those elements of constancy in the situation which otherwise might have provided a framework for an explanation in my terms. The theory was inadequate to the facts. Nor was this approach any more adequate as a guide to policy. Confronted with the freezing deflation of those days, the idea that the prime essential was the writing down of mistaken investments and the easing of capital markets by fostering the disposition to save and reducing the pressure on consumption was completely inappropriate. To treat what developed subsequently in the way which I then thought valid was as unsuitable as denying blankets and stimulants to a drunk who has fallen into an icy pond, on the ground that his original trouble was overheating.”

Lionel Robbins (1898–1984) British economist

Autobiography of an Economist (1971), p. 154.

Books , Way , Idea , Thinking

“The interests of the working class and of its struggle against capitalism demand complete solidarity and the closest unity of the workers of all nations; they demand resistance to the nationalist policy of the bourgeoisie of every nationalist.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

"Right of Nations to Self-Determination", (1904), The Lenin Anthology
1910s

“Caesar did not confine himself to helping the debtor for the moment; he did what as legislator he could, permanently to keep down the fearful omnipotence of capital. First of all the great legal maxim was proclaimed, that freedom is not a possession commensurable with property, but an eternal right of man, of which the state is entitled judicially to deprive the criminal alone, not the debtor. It was Caesar, who, perhaps stimulated in this case also by the more humane Egyptian and Greek legislation, especially that of Solon,(68) introduced this principle--diametrically opposed to the maxims of the earlier ordinances as to bankruptcy-- into the common law, where it has since retained its place undisputed. According to Roman law the debtor unable to pay became the serf of his creditor.(69) The Poetelian law no doubt had allowed a debtor, who had become unable to pay only through temporary embarrassments, not through genuine insolvency, to save his personal freedom by the cession of his property;(70) nevertheless for the really insolvent that principle of law, though doubtless modified in secondary points, had been in substance retained unaltered for five hundred years; a direct recourse to the debtor's estate only occurred exceptionally, when the debtor had died or had forfeited his burgess-rights or could not be found. It was Caesar who first gave an insolvent the right--on which our modern bankruptcy regulations are based-- of formally ceding his estate to his creditors, whether it might suffice to satisfy them or not, so as to save at all events his personal freedom although with diminished honorary and political rights, and to begin a new financial existence, in which he could only be sued on account of claims proceeding from the earlier period and not protected in the liquidation, if he could pay them without renewed financial ruin.”

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

Restriction on 'usury' or restrictions on the laws in relation to the collection of interest
Vol. 4, pt. 2, translated by W.P. Dickson.
The History of Rome - Volume 4: Part 2

Fear , Law , Freedom , Help

“First of all, Theodore Roosevelt and Charles W. Fairbanks, candidates for President and Vice-President, respectively, deny the class struggle and this almost infallibly fixes their status as friends of capital and enemies of labor. They insist that they can serve both; but the fact is obvious that only one can be served and that one at the expense of the other. Mr. Roosevelt’s whole political career proves it.”

Eugene V. Debs (1855–1926) American labor and political leader

The Socialist Party and the Working Class (1904)

“There are more idealized definitions of capitalism, but I refer to the real capitalism—the kind we are living with. This capitalism is grounded in an elitist ideology of individualism supported by an institutional system devoted to the concentration and abuse of wealth for the exclusive benefit of a private ruling oligarchy. It is the capitalism that claims to champion democracy and markets even as it destroys them. The capitalism that claims to bring universal prosperity even wile denying it to all but its most favored servants. The capitalism that destroys life to make money and organizes as a suicide economy that destroys the foundations of its own existence—and ours.”

David Korten book When Corporations Rule the World

Source: When Corporations Rule the World (1995,2015), pp. 20-21

Life , Money , Democracy , Support

“Capitalism had been more revolutionary then any previous social system. It had swept away without scruples old institutions and modes of thought, if they were found to stand in its way.”

Eric Roll, Baron Roll of Ipsden (1907–2005) British economist

Source: A History of Economic Thought (1939), Chapter V, Reaction And Revolution, p. 231

Way

“A number of factors coalesced to make larger and larger firms more economical. The development of new production processes, such as assembly line, means that jobs could be specialized and more work could be accomplished. New technologies and sources of power became readily available. Demographic factors began to favor concentration of production in urban areas. These and other social and political forces require larger amounts of capital, well beyond the scope of most individual owner-manager-employee.”

R. Edward Freeman (1951) American academic

Source: Strategic Management: A Stakeholder Approach, 2007, p. 5

“Thus, at long last, as a visible emblem of unity was daily growing in the new Palace of Justice then being erected in the Strand, half way between the historic site of Westminster the historic centre of the commercial capital of the world, there began to grow up, in the minds of reformers, the vision of a great and united Supreme Court of Justice, with uniform principles, uniform law, and uniform procedure.”

Edward Jenks (1861–1939) British legal scholar

Source: A Short History Of The English Law (First Edition) (1912), Chapter XIX, Modern Civil Procedure, p. 364

World , Justice , Law , Way

“The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter Nine, transformation Of The Global Economy, p. 362

World , Success , Dependency

“It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 5, Determination of National Income and Consumption, p. 63

“But we are not just witnessing a relativisation of time according to social contexts or alternatively the return to time reversibility as if reality could become entirely captured in cyclical myths. The transformation is more profound: it is the mixing of tenses to create a forever universe, not self-expanding but self-maintaining, not cyclical but random, not recursive but incursive: timeless time, using technology to escape the contexts of its existence, and to appropriate selectively any value each context could offer to the ever-present. I argue that this is happening now not only because capitalism strives to free itself from all constraints, since this has been the capitalist system’s tendency all along, without being able fully to materialize it. Neither is it sufficient to refer to the cultural and social revolts against clock time, since they have characterized the history of the last century without actually reversing its domination, indeed furthering its logic by including clock time distribution of life in the social contract. Capital’s freedom from time and culture’s escape from the clock are decisively facilitated by new information technologies, and embedded in the structure of the network society.
The transformation of time as surveyed in this chapter does not concern all processes, social groupings, and territories in our societies, although it does affect the entire planet. What I call timeless time is only the emerging, dominant form of social time in the network society, as the space of flows does not negate the existence of places. It is precisely my argument that social domination is exercised through the selective inclusion and exclusion of functions and people in different temporal and spatial frames.”

Manuel Castells (1942) Spanish sociologist (b.1942)

Source: The Rise of the Network Society, 1996, p. 433–434 as quoted in: Wayne Hope (2006) Global Capitalism and the Critique of Real Time http://www.sagepub.com/dicken6/Sociology%20Online%20readings/CH%202%20-%20HOPE.pdf. Sage publications. p. 289

Life , People , Exercises , History

“It takes Greece forward in the sense that the financial system should be much more stable from now onwards. There is a promise of recapitalization of the banks, without any of the depositors having to bail in or anything to worry about. The process of reversing the negative effects of capital controls will start very quickly and will speedily return the banks to where they were before, hopefully on a far firmer footing. Any deal is only as good as what you make of it. Let's hope the Greek people will be able to make the best of this deal.”

Euclid Tsakalotos (1960) Greek economist and politician

" Tsakalotos says bailout deal will take country forward http://www.ekathimerini.com/200582/article/ekathimerini/business/tsakalotos-says-bailout-deal-will-take-country-forward" (15 August 2015)

People , Hope , Sense

“These inventors were elevating the formulation of entrepreneurial ideas to the status of a visionary activity. Though forced to justify their efforts in the pragmatic language of venture capital, they were at heart utopian thinkers intent on transforming the world.”

Alain de Botton (1969) Swiss writer

Source: The Pleasures and Sorrows of Work (2009), p. 281.

World , Idea , Effort , Heart

“Industrial capitalism brought representative democracy, but with a weak public mandate and inert citizenry. The digital age offers a new democracy based on public deliberation and active citizenship.”

Don Tapscott (1947) Canadian businessman

Don Tapscott, in Don Tapscott: Transforming capitalism won’t happen without leadership http://www.thestar.com/business/2013/05/17/don_tapscott_capitalism_20.html, 17 May 2013

Age , Democracy

“Companies and leaders who treat knowledge management as just another branch of IT don’t understand how human beings learn and create… Unlike land, capital, energy, labor, and technology — the conventional “inputs” into business practice — knowledge is innately self-renewing. “It is produced and consumed simultaneously. Its value increases with use, rather than being depleted as with industrial goods or commodities. Above all, it is a resource created by humans acting in relationship with one another.”

Ikujiro Nonaka (1935) Japanese business theorist

"The Practical Wisdom of Ikujiro Nonaka," 2008

Understanding , Business , Knowledge , Learning