Quotes about capital (1674 quotes, page 14)

“You remember that, at the close of Theodore Roosevelt’s second term as President, he went over to Africa to make war on some of his ancestors. You remember that, at the close of his expedition, he visited the capitals of Europe; and that he was wined and dined, dignified and glorified by all the Kaisers and Czars and Emperors of the Old World. He visited Potsdam while the Kaiser was there; and, according to the accounts published in the American newspapers, he and the Kaiser were soon on the most familiar terms. They were hilariously intimate with each other, and slapped each other on the back. After Roosevelt had reviewed the Kaiser’s troops, according to the same accounts, he became enthusiastic over the Kaiser’s legions and said: “If I had that kind of an army, I could conquer the world.” He knew the Kaiser then just as well as he knows him now. He knew that he was the Kaiser, the Beast of Berlin. And yet, he permitted himself to be entertained by that Beast of Berlin; had his feet under the mahogany of the Beast of Berlin; was cheek by jowl with the Beast of Berlin. And, while Roosevelt was being entertained royally by the German Kaiser, that same Kaiser was putting the leaders of the Socialist Party in jail for fighting the Kaiser and the Junkers of Germany. Roosevelt was the guest of honor in the white house of the Kaiser, while the Socialists were in the jails of the Kaiser for fighting the Kaiser. Who then was fighting for democracy? Roosevelt? Roosevelt, who was honored by the Kaiser, or the Socialists who were in jail by order of the Kaiser? “Birds of a feather flock together.””

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

The Canton, Ohio Speech, Anti-War Speech (1918)

War , World , Democracy , Bird

“According to Marx, the evolution of capitalism would inevitably lead to the pauperization of the proletariat and then, just as inevitably, to its radicalization. It is interesting that Bento Mussolini arrived at an identical judgment ten years later. Before the outbreak of the first World War, Mussolini had been the closest analogue to Lenin in the European socialist movement, being equally revolutionary and anti-reformist. He was the Lenin of the Italian Socialist Party with the difference that, whereas Mussolini managed to rally behind him a revolutionary majority and expel the reformers, in Russia, Lenin found himself leading a minority and forced to break away from the Social-Democratic Establishment.”

Richard Pipes (1923–2018) American historian

Source: Three “Whys” of the Russian Revolution (1995), pp. 36-37

War , World

“. The central theme of contemporary autonomist Marxism is a shift from giant organizations and insurrectional seizure to gradualism and Exodus. The rapid transformation of the working class, the blurring of the lines between work and the rest of life, and the shift in meeting a growing share of our needs into the informal and social economy, mean that the Old Left’s workerism (and like Harry Cleaver, I include syndicalism and council communism in the Old Left), its focus on the production process as the center of society, and its treatment of the industrial proletariat as the subject of history, have become obsolete. In this regard, read Toni Negri’s contrast of the Multitude to previous Old Left ideas of the proletariat. Mostly, I call it a heroic fantasy because any model that envisions a post-capitalist transition based on the universal adoption of any monolithic, schematized social model is as ridiculous as Socrates and Glaucon discussing what musical instruments and poetic metres will be permitted in the perfect state. The real world version of the post-capitalist transition — just as with the transition to capitalism five centuries earlier — isn’t a matter of any single cohesive social class, as the subject of history, systematically remaking the world guided by some single, comprehensive ideology, and organized around a uniform institutional model. It’s a matter of a wide variety of prefigurative institutions and technological building blocks that already exist in the present society, continuing to grow and coalesce together until they reach sufficient critical mass for a phase transition — a phase transition whose outlines can only be guessed at in the most general terms. This is the model advocated by Michel Bauwens, by Paul Mason, by John Holloway, by Peter Frase, and by a lot of other people who can hardly be fitted into any American individualist ghetto.”

Kevin Carson (1963) American academic

'In Which the Anarcho-Syndicalists Discover C4SS' (2016)
Other Writing

Life , People , World , Music

“Let's begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes — indeed, deletes — the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

"Free Market Fraud" http://www.thirdworldtraveler.com/Economics/FreeMarketFraudGalbraith.html, The Progressive (January 1999)

Money , Fashion , Thinking , Change

“[How is it consistent with what you advocated this evening in terms of a vision for peace, that you continued to allow the building of settlements in the West Bank, during your primeministership? ] Let me tell you, first of all, during my term as a Prime Minister, we have not built a single new settlement. I ordered the dismantling of many voluntary -- I don't know how to call it -- new settlements that had been set on top of hills in different parts of the West Bank, basically. But, I allowed contracts, contracts that had been signed, legally, in Israel, beforehand. To build new neighborhoods in some big cities in the West Bank, cities with 25,000 or 30,000 people. And very few new homes, in small settlements, where youngsters, who came back from the army service, asked to build their home near the home of their parents. Now, Israel is a law-abiding state, you cannot break contracts, there is Supreme Court. If the government behaves in a way that is not proper, any individual can appeal and change whatever we decide. Realizing that this is a sensitive issue from the Palestinian side, I talked to Arafat, at the beginning of my term as a Prime Minister, and I told him: Mr. Chairman, I know that you are worried about it, it creates some problems, in your own constituency. But let me tell you, we have a great opportunity here to put an end to the whole conflict, in a year and a half. When President Clinton that invested unbelievable amount of energy and political capital in trying to solve it, and he's still in power. Now, I understand your problem with settlement if there is no end, there is no time limit, and you are afraid that maybe the accumulation of new settlements will change the nature of the situation, for the worse, from your position. So I tell you, out of our own considerations, independent of you, we have decided not to set even a single new settlement. We will not allow anyone to establish his own private initiatives on the hills, for our own reasons, not because of you. But at the same time I will respect any contract that has been signed, under law, in Israel. But -- and here is a point -- bearing in mind that we can put an end to the conflict, to reach an agreement within a year and a half, why the hell it will matter? To build a new building in Israel takes more than a year and a half, so you won't see any building that is not already emerging from the ground, having it's roof before we can reach an agreement. Now if such a building happens to be in a settlement that will become, under the agreement, part of the new independent Palestine, why the hell you have to care? Take it, use it, put some refugees in it. And if it will happen to be a part of what will be agreed, as Israel, in a mutual agreement that is signed by you, why the hell do you care, if you agree? I believe that that simple answer would not solve his public -- or internal political -- problems, but it would solve the real issue if the will was there to make peace, and not just to politically maneuver and manipulate.”

Ehud Barak (1942) Israeli politician and prime minister

Speech at UC Berkeley http://www.jewishsf.com/content/2-0-/module/displaystory/story_id/19324/edition_id/391/format/html/displaystory.html, November 22, 2002

People , Peace , Law , Way

“Someone said that Capitalism will eat itself, and I think that’s like the meat industry, the meat industry itself will become dead meat and compassion will reign supreme.”

Benjamin Zephaniah (1958) English poet and author

"Zephaniah Speaks: Poetic Thoughts", interview with Arkangel Magazine (2002) reported in BenjaminZephaniah.com https://benjaminzephaniah.com/poetic-thoughts/?doing_wp_cron=1519050664.5827260017395019531250.

Thinking , Dead

“Shall we then, I ask you, even for a moment, be hopeless of our great cause? I feel almost ashamed even to argue it to such a meeting as this. I call to mind where I am, and who are those whom I see before me. Am I not in the town of Birmingham—England's central capital; and do not these eyes look upon the sons of those who, not thirty years ago, shook the fabric of privilege to its base? Not a few of the strong men of that time are now white with age. They approach the confines of their mortal day. Its evening is cheered with the remembrance of that great contest, and they rejoice in the freedom they have won. Shall their sons be less noble than they? Shall the fire which they kindled be extinguished with you? I see your answer in every face. You are resolved that the legacy which they bequeathed to you, you will hand down in an accumulated wealth of freedom to your children. As for me, my voice is feeble. I feel now sensibly and painfully that I am not what I was. I speak with diminished fire; I act with a lessened force; but as I am, my countrymen and my constituents, I will, if you will let me, be found in your ranks in the impending struggle.”

John Bright (1811–1889) British Radical and Liberal statesman

Speech in Birmingham (27 October 1858) referring to the Reform Crisis, quoted in G. M. Trevelyan, The Life of John Bright (London: Constable, 1913), pp. 272-273.
1850s

Men , Children , Age , Feeling

“So long as it is not possible to produce so much that there is enough for all, with more left over for expanding the social capital and extending the forces of production – so long as this is not possible, there must always be a ruling class directing the use of society’s productive forces, and a poor, oppressed class. How these classes are constituted depends on the stage of development.”

Friedrich Engels book Principles of Communism

Principles of Communism (1847)

Dependency

“Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 11, Theory Of Rent, p. 369

“All state revenues flowing from direct and indirect sources pour constantly into the pockets of big loan-capital.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

A History of Economics (1991), ch. 21

Time

“Economic responsibility goes with military strength and an undue share in the costs of peacekeeping. Free riders are perhaps more noticeable in this area than in the economy, where a number of rules in trade, capital movements, payments and the like have been evolved and accepted as legitimate. Free ridership means that disproportionate costs must be borne by responsible nations, which must on occasion take care of the international or system interest at some expense in falling short of immediate goals. This is a departure from the hard nosed school of international relations in political science, represented especially perhaps by Hans Morgenthau and Henry Kissinger, who believe that national interest and the balance of power constitute a stable system. Leadership, moreover, had overtones of the white man's burden, father knows best, the patronizing attitude of the lady of the manor with her Christmas baskets. The requirement, moreover, is for active, and not merely passive responsibility of the German—Japanese variety. With free riders, and the virtually certain emergency of thrusting newcomers, passivity is a recipe for disarray. The danger for world stability is the weakness of the dollar, the loss of dedication of the United States to the international system's interest, and the absence of candidates to fill the resultant vacua.”

Charles P. Kindleberger (1910–2003) American economic historian

"Economic Responsibility", The Second Fred Hirsch Memorial Lecture, Warwick University, 6 March 1980, republished in Comparative Political Economy: A Retrospective (2003)

World , School , Departure , Science

“Indeed, I find it illuminating to consider to what extent our "classical conditions" for economic growth are satisfied in the current, monopolistic phase of capitalism.”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Three, Standstill And Movement Under Monopoly Capitalism, I, p. 51

“We assert—and on the basis of the most recent socialist literature that you cannot deny—that the real history of capitalism is only now beginning, because capitalism is not just a system of oppression; it also represents a choice of value,…”

Benito Mussolini (1883–1945) Duce and President of the Council of Ministers of Italy. Leader of the National Fascist Party and subsequen…

As quoted in Mediterranean Fascism 1919-1945, edit., Charles F. Delzell, The MacMillian Press (1970) p. 23. Speech given on June 21, 1921 in Italy’s Chamber of Deputies.
1920s

History , Literature

“[Capitalism]… is a great troll. It settles in a society, and then eats away silently. Eats more and more freedom, more humanity, more human rights, more ability to speak…”

Ingeborg Refling Hagen (1895–1989) Norwegian writer

Translated from her memoirs, volume III
Memoirs

Freedom

“First, there is really no sign at all of any significant reduction in unemployment without a major change in policy…Unemployment has probably levelled out but at a totally unacceptable figure. Secondly, contrary to what the Secretary of State said, the post-oil surplus prospect—not merely the post-oil prospect, because the oil will take a long time to go, but the surplus, the big balance of payments surplus, which is beginning to decline quite quickly—still looks devastating…our balance of payments is now overwhelmingly dependent on this highly temporary and massive oil surplus. Our manufacturing industry is shrunken and what remains is uncompetitive…We have a manufacturing trade deficit of approximately £11 billion, all of which has built up in the past three to four years. This is containable by oil and by nothing else. Invisibles can take care of about £4 billion or £5 billion but they cannot do the whole job. As soon as oil goes into a neutral position we are in deep trouble. Should it go into a negative position, the situation would be catastrophic…To sell off a chunk of capital assets and to use the proceeds for capital investment in the rest of the public sector might just be acceptable. However, that is not what is proposed, and what is proposed cannot be justified on any reputable theory of public finance; and when it is accompanied by a Minister using the oil—which might itself be regarded as a capital asset; certainly it is not renewable—almost entirely for current purposes, it amounts to improvident finance on a scale that makes the Prime Minister's old friend General Galtieri almost Gladstonian.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech http://hansard.millbanksystems.com/commons/1985/nov/12/industry-and-employment in the House of Commons (12 November 1985).
1980s

Change , Time , Past , Dependency

“You feel chilled because you have no character. You’re a depressing assemblage of pop culture influences and cancelled emotions, driven by the sputtering engine of only the most banal form of capitalism. You spend your life feeling as if you’re perpetually on the brink of being obsolete — whether it’s labour market obsolescence or cultural unhipness. And it’s all catching up with you. You live and die by the development cycle. You’re glamorized drosophila flies, with the company regulating your life cycles at whim. If it isn’t a budget-driven eighteen-month game production schedule, it’s a five-year hardware obsolescence schedule. Every five years you have to throw away everything you know and learn a whole new set of hardware and software specs, relegating what was once critical to our lives to the cosmic slag heap.”

Douglas Coupland book JPod

JPod (2006)

Life , Feeling , Game , Learning

“I have generally made it a rule to parry the inquiries and comparisons which the Americans are so apt to thrust at an Englishman. On one or two occasions, when the party has been numerous and worth powder and shot, I have, however, on being hard pressed, and finding my British blood up, found the only mode of allaying their inordinate vanity to be by resorting to this mode of argument:—"I admit all that you or any other person can, could, may, or might advance in praise of the past career of the people of America. Nay, more, I will myself assert that no nation ever did, and in my opinion none ever will, achieve such a title to respect, wonder, and gratitude in so short a period; and further still, I venture to allege that the imagination of statesmen never dreamed of a country that should in half a century make such prodigious advances in civilization and real greatness as yours has done. And now I must add, and I am sure you, as intelligent, reasonable men, will go with me, that fifty years are too short a period in the existence of nations to entitle them to the palm of history. No, wait the ordeal of wars, distresses, and prosperity (the most dangerous of all), which centuries of duration are sure to bring to your country. These are the test, and if, many ages hence, your descendants shall be able only to say of their country as much as I am entitled to say of mine now, that for seven hundred years we have existed as a nation constantly advancing in liberty, wealth, and refinement; holding out the lights of philosophy and true religion to all the world; presenting mankind with the greatest of human institutions in the trial by jury; and that we are the only modern people that for so long a time withstood the attacks of enemies so heroically that a foreign foe never put foot in our capital except as a prisoner (this last is a poser);—if many centuries hence your descendants will be entitled to say something equivalent to this, then, and not till then, will you be entitled to that crown of fame which the historian of centuries is entitled to award."”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Letter to F. Cobden (5 July 1835) during his visit to the United States, quoted in John Morley, The Life of Richard Cobden (London: T. Fisher Unwin, 1905), pp. 33-34.
1830s

Men , War , People , Age

“Less than a century ago the laborer had no rights, little or no respect, and led a life which was socially submerged and barren…. American industry organized misery into sweatshops and proclaimed the right of capital to act without restraints and without conscience. The inspiring answer to this intolerable and dehumanizing existence was economic organization through trade unions. The worker became determined not to wait for charitable impulses to grow in his employer. He constructed the means by which fairer sharing of the fruits of his toil had to be given to him or the wheels of industry, which he alone turned, would halt and wealth for no one would be available…”

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

1960s, Address to AFL–CIO (1961)

Life , Waiting , Wealth

“Because of his social position there are left no limits to the power lust of the modern capitalist. He can interfere with inconsiderate egoism in the lives of his fellowmen and play the part of Providence for others. Only when we take into consideration this passionate urge for political power over their own people as well as over foreign nations are we able really to understand the character of the typical representatives of modern capitalism. It is just this trait which makes them so dangerous to the social structure of the future.”

Rudolf Rocker book Nationalism and Culture

Source: Nationalism and Culture (1937), Ch. 1 "The Insufficiency of Economic Materialism"

People , Understanding , Passion , Future

“The social relations of capitalism have penetrated slowly into all spheres of life to make wage labour the general condition of existence only in fairly recent times.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 6, Dynamics Of Accumulation, p. 165

Life , Time

“Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter II, On Rent, p. 41

“I am for lasting peace… United, I believe, we can win the battle for peace. But it must be a different peace, one with full recognition of the rights of the Jews in their one and only land: peace with security for generations and peace with a united Jerusalem as the eternal, undivided capital of the Jewish people in the state of Israel forever.”

Ariel Sharon (1928–2014) prime minister of Israel and Israeli general

Ariel Sharon. "I an for lasting peace." at New York Post Forum, November 13, 2000, cited at Freeman.org http://www.freeman.org/m_online/dec00/sharon.htm, November 14, 2000.
2000s

People , Peace

“It has to be well timed. It needs to have the right components that maybe contain emerging technologies or something like, say, when Doom came out -- the Network play -- there weren't many games like that. There was a really great 3D world that a lot of people hadn't seen. It was light-years ahead of Wolfenstein. It was shareware, so it had Internet distribution. We used the Internet to get it all over the place. So it used a lot of stuff that was just becoming popular at that time. id just capitalized on it.”

John Romero (1967) American video game designer

In response to the question, "What makes a classic game?" (quoted from Romero's own webpage http://rome.ro/lee_killough/index.shtml)

People , World , Game , Light

“Capital punishment kills immediately, whereas lifetime imprisonment does so slowly. Which executioner is more humane? The one who kills you in a few minutes, or the one who wrests your life from you in the course of many years?”

Anton Chekhov book The Bet

The Bet (1889)

Life

“They have two distinguishing characteristics. The vast majority of them are laborers, and, as a rule, they expect the violent overthrow of existing institutions by revolution to precede the introduction of the socialistic state. I would not, by any means, say that they are all revolutionists, but the most of them undoubtedly are…
The most general demands of the social democrats are the following: The state should exist exclusively for the laborers; land and capital must become collective property, and production be carried on unitedly. Private competition, in the ordinary sense of the term, is to cease.”

Richard T. Ely (1854–1943) United States economist and author

Richard T. Ely, French and German Socialism in Modern Times http://archive.org/details/frenchandgerman00elygoog, 1883, pp. 204–205.

Sense

“Democracy is of great importance for the working class in its struggle for freedom against the capitalists. But democracy is by no means a boundary that must not be overstepped; it is only one of the stages in the process of development from feudalism to capitalism, and from capitalism to communism.”

Vladimir Lenin book The State and Revolution

5.4, Essential Works of Lenin (1966)
The State and Revolution (1917)

Democracy , Communication , Freedom

“capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book II, On Distribution, Chapter VIII, Section III, p. 357

Nature

“To understand the economy then is to comprehend how it is driven by the animal spirits. Just as Adam Smith’s invisible hand is the keynote of classical economics, Keynes’ animal spirits are the keynote to a different view of the economy — a view that explains the underlying instabilities of capitalism.”

George Akerlof book Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

George Akerlof and Robert Shiller. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, 2009, Preface

Understanding , Animals

“We assume…that the banking system must be prepared to expand (or contract) the total supply of money to the extent necessary to prevent any scarcity (or plenty) of funds in the capital market which may be induced by any other disturbing factor, from causing a rise (or fall) in interest rates”

James Meade (1907–1995) British economist

James Meade (1951), The theory of international economic policy, Vol. 1, p. 48; as cited in: Jacques Jacobus Polak (2001) The Two Monetary Approaches to the Balance of Payments, p. 13

Money

“Capitalism imposes its laws of motion on the environment, irrespective of the biogeochemical cycles of the planet and the earth’s metabolism, so that it creates rifts or ruptures in the biogeochemical cycles of the Earth system, disrupting ecosystem relations in ways that transcend the mere scale-effects of economic growth. It is this problem of the metabolic rift that is our deepest challenge. Sustainability is more and more compromised at ever higher levels—a continually accelerating threat to civilization and life itself.”

John Bellamy Foster (1953) Sociology professor and Marxist writer

Interview with Left Voice (2017)

Life , Law , Way , Problem

“Iran took dozens of Americans hostage in Tehran, murdered hundreds of American soldiers, Marines, in Beirut, and was responsible for killing and maiming thousands of American service men and women in Iraq and Afghanistan. Beyond the Middle East, Iran attacks America and its allies through its global terror network. It blew up the Jewish community center and the Israeli embassy in Buenos Aires. It helped al-Qaeda bomb U. S. embassies in Africa. It even attempted to assassinate the Saudi ambassador, right here in Washington, D. C. In the Middle East, Iran now dominates four Arab capitals, Baghdad, Damascus, Beirut and Sanaa. And if Iran's aggression is left unchecked, more will surely follow. So, at a time when many hope that Iran will join the community of nations, Iran is busy gobbling up the nations. We must all stand together to stop Iran's march of conquest, subjugation and terror.”

Benjamín Netanyahu (1949) Israeli prime minister

2010s, 2015, Address to the United States Congress (March 2015)

Women , Men , Hope , Communication

“Friendship lives on its income, love devours its capital.”

Arsène Houssaye (1814–1896) French writer

Source: James O'Donnell Bennett (1908) When Good Fellows Get Together, p. 147

Love , Friendship

“Capital simply allows us to expend labour in advance.”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter VII, Theory of Capital, p. 187.

“Many of us do not believe in capital punishment, because thus society takes from a man what society cannot give.”

Katharine Fullerton Gerould (1879–1944) American writer

Source: Modes and Morals (1920), Ch. 7

“The earliest achievement of this (of equality and the restriction on the powers of the constitutionally mandated magistrates), the most ancient opposition in Rome, consisted in the abolition of the life-tenure of the presidency of the community; in other words, in the abolition of the monarchy… Not only in Rome (but all over the Italian peninsula) … we find the rulers for life of an earlier epoch superseded in after times by annual magistrates. In this light the reasons which led to the substitution of the consuls for kings in Rome need no explanation. The organism of the ancient Greek and Italian polity through its own action and by a sort of natural necessity produced the limitation of the life-presidency to a shortened, and for the most part an annual, term… Simple, however, as was the cause of the change, it might be brought about in various ways, resolution (of the community),.. or the rule might voluntarily abdicate; or the people might rise in rebellion against a tyrannical ruler, and expel him. It was in this latter way that the monarchy was terminated in Rome. For however much the history of the expulsion of the last Tarquinius, "the proud", may have been interwoven with anecdotes and spun out into a romance, it is not in its leading outlines to be called in question. Tradition credibly enough indicates as the causes of the revolt, that the king neglected to consult the senate and to complete its numbers; that he pronounced sentences of capital punishment and confiscation without advising with his counsellors(sic); that he accumulated immense stores of grain in his granaries, and exacted from the burgesses military labours and task-work beyond what was due… we are (in light of the ignorance of historical facts around the abolition of the monarchy) fortunately in possession of a clearer light as to the nature of the change which was made in the constitution (after the expulsion of the monarchy). The royal power was by no means abolished, as is shown by the fact that, when a vacancy occurred, a "temporary king" (Interrex) was nominated as before. The one life-king was simply replaced by two [one year] kings, who called themselves generals (praetores), or judges…, or merely colleagues (Consuls) [literally, "Those who leap or dance together"]. The collegiate principle, from which this last - and subsequently most current - name of the annual kings was derived, assumed in their case an altogether peculiar form. The supreme power was not entrusted to the two magistrates conjointly, but each consul possessed and exercised it for himself as fully and wholly as it had been possessed and exercised by the king; and, although a partition of functions doubtless took place from the first - the one consul for instance undertaking the command of the army, and the other the administration of justice - that partition was by no means binding, and each of the colleagues was legally at liberty to interfere at any time in the province of the other.”

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

Vol. 1, Book II , Chapter 1. "Change of the Constitution" Translated by W.P. Dickson
The History of Rome - Volume 1

Life , People , Justice , Way

“I have climbed mountain Iwato of Higo in Kyushu to pay homage to heaven, pray to Kwannon, and kneel before Buddha. I am a warrior of Harima province, Shinmen Musashi No Kami Fujiwara No Genshin, age sixty years.
From youth my heart has been inclined toward the Way of strategy. My first duel was when I was thirteen, I struck down a strategist of the Shinto school, one Arima Kihei. When I was sixteen I struck down an able strategist Tadashima Akiyama. When I was twenty-one I went up to the capital and met all manner of strategists, never once failing to win in many contests.”

Miyamoto Musashi (1584–1645) Japanese martial artist, writer, artist

Go Rin No Sho (1645), Introduction

Youth , Age , School , Way

“The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter Two, Three Ideologies Of Political Economy, p. 37

“Profane history shows that the Lacedaemonians, who were gentiles, did not practice capital punishment; but they imprisoned them and them at labor.”

Menno Simons (1496–1561) Dutch theologian, founder of the Mennonites

Ibid, p.408

History

“The distribution of wealth is one of today’s most widely discussed and controversial issues. But what do we really know about its evolution over the long term? Do the dynamics of private capital accumulation inevitably lead to the concentration of wealth in ever fewer hands, as Karl Marx believed in the nineteenth century? Or do the balancing forces of growth, competition, and technological progress lead in later stages of development to reduced inequality and greater harmony among the classes, as Simon Kuznets thought in the twentieth century? What do we really know about how wealth and income have evolved since the eighteenth century, and what lessons can we derive from that knowledge for the century now under way?”

Thomas Piketty book Capital in the Twenty-First Century

Source: Capital in the Twenty-First Century (2013), p. 1 Introduction: Lead paragraph; Quoted in From the Introduction to Capital in the Twenty-First Century, by Thomas Piketty http://www.hup.harvard.edu/features/capital-in-the-twenty-first-century-introduction.html, at hup.harvard.edu, 2014.

Way , Knowledge , Wealth

Sita Ram Goel (1921–2003) Indian activist

Hindu Temples – What Happened to Them, Volume II (1993)

Cars , Reading , Parting

“Fifteen years ago, I found it easy to be in favor of international capital mobility -- the free flow of investment financing from one country to another. Then it was easy to preach for an end to all systems of controls on capital that hindered this flow. Now it is harder.”

J. Bradford DeLong (1960) American economist

"Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?", The Economists' Voice (2004)

Country

“Massachusetts was not the only, colony that treated witchcraft as a crime. Maryland, New Jersey and Virginia possessed similar enactments. Witchcraft was considered and treated as a capital offense by the laws of both Pennsylvania and New York, trials taking place in both colonies not long before the Salem tragedy……… Virginia, Delaware, Maryland, South Carolina, Pennsylvania, New Jersey, Massachusetts and New York, eight of the thirteen colonies recognized witchcraft as a capital crime.”

Matilda Joslyn Gage (1826–1898) American abolitionist, writer

Source: Woman, Church and State (1893), pp. 289-90

Law

“There was a time when people of the rich nations of the world regarded poverty as a "natural condition" for those living in the poor nations of the world. … Today we have largely been stripped of this pseudo-innocence. We know that the poor are so poor because the rich are so rich, that the causes of poverty can be traced to deliberate decisions and deliberate economic and political policies designed to benefit the rich and powerful. We know that poverty and unemployment are not just accidents of history but deliberate, even indispensable, components of capitalism as an economic system.”

Allan Boesak (1946) South African anti-apartheid activist

Source: Comfort and Protest (1987), p. 67

People , World , History , Nature

“Racism is simply an ugly form of collectivism, the mindset that views humans only as members of groups and never as individuals. Racists believe that all individuals who share superficial physical characteristics are alike; as collectivists, racists think only in terms of groups. By encouraging Americans to adopt a group mentality, the advocates of so-called 'diversity' actually perpetuate racism. Their intense focus on race is inherently racist, because it views individuals only as members of racial groups. Conservatives and libertarians should fight back and challenge the myth that collectivist liberals care more about racism. Modern liberalism, however, well-intentioned, is a byproduct of the same collectivist thinking that characterizes racism. The continued insistence on group thinking only inflames racial tensions. The true antidote to racism is liberty. Liberty means having a limited, constitutional government devoted to the protection of individual rights rather than group claims. Liberty means free-market capitalism, which rewards individual achievement and competence, not skin color, gender, or ethnicity. In a free market, businesses that discriminate lose customers, goodwill, and valuable employees- while rational businesses flourish by choosing the most qualified employees and selling to all willing buyers. More importantly, in a free society every citizen gains a sense of himself as an individual, rather than developing a group or victim mentality. This leads to a sense of individual responsibility and personal pride, making skin color irrelevant. Rather than looking to government to correct what is essentially a sin of the heart, we should understand that reducing racism requires a shift from group thinking to an emphasis on individualism.”

Ron Paul (1935) American politician and physician

What Really Divides Us https://web.archive.org/web/20120127094927/http://www.ronpaularchive.com/2002/12/what-really-divides-us/ (23 December 2002).
2000s, 2001-2005

Color , Understanding , Business , Thinking

“We are capitalism made flesh.”

Mark Kingwell (1963) Canadian philosopher

Source: The World We Want (2000), Chapter 4, Spaces And Dreams, p. 184.

“Labour should be robust in supporting free and democratic trade unions throughout Europe, in championing a balance of interests in corporate governance and strong civic self-government with a deep partnership between universities, cities and firms. The question is whether being part of the EU hinders this. Britain is already outside the Eurozone and the Schengen agreement. It is gratuitous to remain part of a political union that is so hostile to diversity and democracy and so disposed to the consolidation of big capital that it has become a remorseless machine for the liberalisation of trade and the disintegration of society, in which the demand for liquidity has dissolved solidarity.”

Maurice Glasman, Baron Glasman (1961) British philosopher

The case against remaining in the EU on LabourList.org, 2 June 2016 http://labourlist.org/2016/06/why-should-labour-support-the-european-union-the-case-for-out/

Hostility , Democracy , Question , Support

“We ourselves, the workers, will organize large-scale production on the basis of what capitalism has already created; we shall rely on our own experience as workers, we shall establish strict, iron discipline supported by the state power of the armed workers, we shall reduce the role of he state officials to that of simply carrying out our instructions as responsible, revocable, moderately paid "managers"( of course, with the aid of technicians of all sorts, types and degrees). This is our proletarian revolution”

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

3.3, Essential Works of Lenin (1966)
(1917)

Support

“Already in the last few decades, economic powers have reached the point of imperiling the stability of the state through new forms of the circulation of capital that go by the generic name of multinational corporations.”

Jean-François Lyotard (1924–1998) French philosopher

Source: The Postmodern Condition: A Report on Knowledge (1977), p. 5

“The danger which menaces you will come from the agricultural districts, for the next time there is any outbreak, the destitute hands of the agricultural districts will be added to the destitute hands of the manufacturing districts. Does the right hon. Gentleman, who must know the state of the country, doubt whether this be the fact? …The right hon. Baronet cannot conceal from himself what is that condition: capital is melting away, pauperism is increasing, trade and manufactures are not reviving. What worse description can be given of our condition?—and what can be expected if such a state of things continue but the disruption and dissolution of the State?”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Speech http://hansard.millbanksystems.com/commons/1843/feb/17/distress-of-the-country-adjourned-debate in the House of Commons (17 February 1843) against the Corn Laws.
1840s

Time , Country

“The socio-technical concept arose in conjunction with the first of several field projects undertaken by the Tavistock Institute in the coal-mining industry in Britain. The time (1949) was that of the postwar reconstruction of industry in relation to which the Institute had two action research projects.(2) One project was concerned with group relations in depth at all levels (including the management/labor interface) in a single organization - an engineering company in the private sector. The other project focused on the diffusion of innovative work practices and organizational arrangements that did not require major capital expenditure but which gave promise of raising productivity. The former project represented the first comprehensive application in an industrial setting of the socio-clinical ideas concerning groups being developed at the Tavistock.”

Eric Trist (1909–1993) British scientist

Source: The evolution of socio-technical systems, (1981), p. 7

Idea , Time

“We must bear in mind that imperialism is a world system, the last stage of capitalism — and it must be defeated in a world confrontation. The strategic end of this struggle should be the destruction of imperialism. Our share, the responsibility of the exploited and underdeveloped of the world is to eliminate the foundations of imperialism: our oppressed nations, from where they extract capitals, raw materials, technicians and cheap labor, and to which they export new capitals — instruments of domination — arms and all kinds of articles; thus submerging us in an absolute dependence.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Message to the Tricontinental (1967)

World , Dependency

“You don't go into the National Gallery of any famous capital city and cry, sob, laugh, fall about on the floor, become very angry -- it's a completely different reaction. It's a reaction which is to do with a much more composed sense of regarding an image; it's a reaction with a thought process as opposed to an immediate emotional reaction.”

Peter Greenaway (1942) British film director

From an interview in Art and Design, no. 49
Interviews

Sense , Cry

“It is traditional in the theory of the firm to define the production opportunity set available to the firm in terms of its boundary -- the maximum attainable set of output quantities for various input quantities, given the state of technology and knowledge. This boundary is the production function of the firm. One of our purposes here is to point out the dependence of such production functions on the structure of property rights and contracting rights within which the firm exists. We redefine the production function in order to recognize the dependence of output on the structure of property and contracting rights. That expanded framework is then used to discuss a concrete set of problems surrounding the role of labor in the firm ranging from the 'labor-managed firm' system (in which tradable capital value residual claims [common stock] are legally prohibited), and the codetermination and industrial democracy movements (in which management participation by labor is required by law), to cooperatives and professional partnerships (i. e., quasi-labor-managed firms which arise out of the voluntary contracting process), and the capitalist corporation.”

Michael Jensen (1939) American economist

Michael C. Jensen and William H. Meckling. "Rights and production functions: An application to labor-managed firms and codetermination." Journal of business (1979): 469-506.

Law , Democracy , Knowledge , Problem

“Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior…”

Peter F. Drucker (1909–2005) American business consultant

Source: 1930s- 1950s, The End of Economic Man (1939), p. 37

Behavior , Freedom

“I would argue for the establishment of unitary city parliaments in all our major cities. The entire population of Scotland could fit into North London and all of Wales into South London with something to spare and yet we fret over our national settlement. Of far more importance is the establishment and linking of institutional power for capital and citizens in a renewed framework of democratic cities and counties. That is one meaning of the Labour Commonwealth.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, An Ancient Polity For A New Economy? http://www.bluelabour.org/2012/06/19/an-ancient-polity-for-a-new-economy/

“Modern economic growth and the diffusion of knowledge have made it possible to avoid the Marxist apocalypse but have not modified the deep structures of capital and inequality—or in any case not as much as one might have imagined in the optimistic decades following World War II.”

Thomas Piketty book Capital in the Twenty-First Century

Source: Capital in the Twenty-First Century (2013), p. 1.

War , World , Imagination , Knowledge

“The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 12, Production Of Spatial Configurations, p. 376

Money , Way

“Something he had heard some wise man say. About the three stages of empire, the three generations. First came the conquerors, unstoppable in war. Then came the administrators, who bound it all together into one apparently unshakable, immortal edifice. Then came the wasters, who knew no responsibility and squandered the capital of their inheritance upon whims and vices. And fell to other conquerors.”

Glen Cook book The Silver Spike

Source: The Silver Spike (1989), Chapter 58 (p. 629)

War

“Is there some society you know that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed? Of course, none of us are greedy, it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you're talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it's exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.”

Milton Friedman (1912–2006) American economist, statistician, and writer

from an interview with Phil Donahue (1979): partial transcript http://www.slobodaiprosperitet.tv/en/node/847 from SiP TV ; or find link to full interview in the External links Section

People , World , Way , History

“Reading conventional notions of class struggle and anti-colonialism into bin Laden, the Taliban, and radical Islam is not just solipsistic. It is nonsense. If poverty and destitution, colonialism and capitalism are animating radical Islam, explain this: In March, the Taliban went to the Afghan desert where stood great monuments of human culture, two massive Buddhas carved out of a cliff. At first, Taliban soldiers tried artillery. The 1,500-year-old masterpieces proved too hardy. The Taliban had to resort to dynamite. They blew the statues to bits, then slaughtered 100 cows in atonement-for having taken so long to finish the job. Buddhism is hardly a representative of the West. It is hardly a cause of poverty and destitution. It is hardly a symbol of colonialism. No. The statues represented two things: an alternative faith and a great work of civilization. To the Taliban, the presence of both was intolerable.”

Charles Krauthammer (1950–2018) American journalist

2000s, 2001, The Enemy is not Islam. It is Nihilism (2001)

Faith , Reading , Animals

“"Globalism" is often the most self-interested and "nationalist" thing you can do. It has been a bonanza to the United States, for sure. In capitalism, your narrowest interests are advanced by cooperation. A genius system.”

Jay Nordlinger (1963) American journalist

Twitter post https://twitter.com/jaynordlinger/status/1038770310034673664 (9 September 2018)
2010s

“Not the number of noses, but the magnitude of interests, should furnish the elements by which the proportion of representation should be computed…The classes that represent civilisation, the holders of accumulated capital and accumulated thought have a right to require securities to protect them from being overwhelmed by hordes who have neither knowledge to guide them nor stake in the Commonwealth to control them.”

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (1830–1903) British politician

Source: 'English Politics and Parties', Bentley's Quarterly Review, 1, (1859), pp. 28-29

Knowledge

“There are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.”

Rutger Bregman (1988) Dutch journalist, writer and historian

"No, wealth isn’t created at the top. It is merely devoured there"

Money , Way , Knowledge , Wedding

“Greenock was one of the great centres of the sugar trade…Then came foreign competition, aided by bounties; and your trade declines so seriously that only the very best, the very richest, the most enterprising, the most inventive can possibly retain their hold upon it. If there had been no bounties and no unfair competition of this kind what would have happened? In the last 20 or 30 years the consumption of sugar throughout the world has increased enormously. The consumption in this country has increased enormously; and you would have had your share…if normal conditions and equal fairness had prevailed; and at this moment in Greenock, quite independently of the other industries you may have found to occupy you, there would have been in sugar alone ten times as many men employed as there were in the most palmy days of the trade. But normal conditions have not obtained. You have been the sufferers; and, as I have said, a great number of your refineries have been closed, have disappeared altogether. The capital invested in them has been lost, and the workmen who work in them—what has become of them?”

Joseph Chamberlain (1836–1914) British businessman, politician, and statesman

Speech in Greenock (7 October 1903), quoted in The Times (8 October 1903), p. 8.
1900s

Men , World , Suffering , Time

“No, liberty is not made for us: we are too ignorant, too vain, too presumptuous, too cowardly, too vile, too corrupt, too attached to rest and to pleasure, too much slaves to fortune to ever know the true price of liberty. We boast of being free! To show how much we have become slaves, it is enough just to cast a glance on the capital and examine the morals of its inhabitants.”

Jean-Paul Marat (1743–1793) politician and journalist during the French Revolution

L'Ami du peuple, no.559 (1791-08-27)

Pleasure

“The circular-flow diagram offers a simple way of organizing the economic transactions that occur between households and firms in the economy. The two loops of the circular-flow diagram are distinct but related. The inner loop represents the flows of inputs and outputs. The households sell the use of their labor, land, and capital to the firms in the markets for the factors of production. The firms then use these factors to produce goods and services, which in turn are sold to households in the markets for goods…”

N. Gregory Mankiw (1958) American economist

N. Gregory Mankiw, Brief Principles of Macroeconomics. 2011, p. 24-25
2000s -

Way

“Dialogue in Hell:
limitation to the increase of taxes. So they conceived a scheme truly admirable for its simplicity…. A special fund was created, the capitalized resources of which are meant to be a permanent redemption of the public debt by successive fractions; so that every time the state borrows, it must endow the sinking fund with a certain capital for the purpose of liquidating the new debt at a given time….
Our system of accounting, fruit of long experience, is distinguished by the clarity and the certitude of its procedures. It obstructs abuses and gives to no one, from the smallest official to the chief of state himself, the means of diverting the least sum from its original purpose, or of making irregular use of it.”

Will Eisner (1917–2005) American cartoonist

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

Hell , Time , Success

“In the choice of a position, we must pay some regard to the enemy's collected force, and to our divided condition, in which the army must of necessity be cantoned. The enemy now appear to be putting their troops into winter-quarters; but it cannot be supposed they will remain inactive all winter, if we, by the manner of cantoning the army, open to them an opportunity of insulting us to advantage. The mischievous consequences of having our quarters beat up, in the dead of winter, cannot readily be foreseen. That it would be their duty and interest to lay hold of such an opportunity, nobody can deny; and that the character of the General, and many national circumstances, lead to the supposition, must be agreed to. It is necessary, therefore, to take a position which will secure us from a surprise, and have as much force together as possible, to free us from insult. The place where, and the force necessary, to these ends, are the two capital points to decide upon.”

Nathanael Greene (1742–1786) American general in the American Revolutionary War

Letter to George Washington (November 1779)

Appearance , Winter , Dead

“Capitalism is man exploiting man. Socialism is just the opposite.”

Coluche (1944–1986) French comedian and actor

Le capitalisme, c'est l'exploitation de l'homme par l'homme. Le communisme, c'est le contraire !
[Coluche, Les syndicats et le délégué, Coluche : l’intégrale, 3, Carrère, 1989]
Compare Len Deighton, Funeral in Berlin (1964): "Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse."

“(Televison) Spokesmen for the right wing of the Republican Party are tying to associate the Democrats with a so-called feminist agenda…that causes women to leave their husbands, kill their children, practice witchcraft, destroy capitalism, and become lesbians. (Sylvia) Heavy schedule.”

Nicole Hollander (1939) Cartoonist

Source: Sylvia cartoon strip, p. 55

Women , Children

“We have brought three words—freedom, choice, opportunity—into the centre of the political debate. And we have exposed the language of Socialism, the gloss they put on words to conceal their true meaning. For instance, Socialists say “publicly owned”. What they mean is “State controlled”. Socialists say “Government aid”. What they mean is “taxpayers' aid”. Socialists say “social justice”. What they mean is “selective justice”. Socialists say “equality.” What they mean is “levelling down”. Why do they twist the truth like this? Because they dare not spell out the Socialist reality. One way to destroy capitalism, said Lenin, was to devalue its currency. Another way is to debase its language. Whenever we can, let us, like Luther, nail the truth to the door—and let us do it in unambiguous English. These are the opening rounds in the battle of ideas. It is a battle that we are winning.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Speech to Conservative Central Council ("The Historic Choice") (20 March 1976) http://www.margaretthatcher.org/document/102990
Leader of the Opposition

Truth , Justice , Way , Idea

“If domination is always a process of armed robbery, the peculiarity of capitalism is that the person with the arms stands apart from the person doing the robbery, merely supervising that the robbery conforms with the law.”

John Holloway book Change the World Without Taking Power

Change the World Without Taking Power (2002)

Law , Personality

“Among his “Victories and Conquests” is counted the “bringing away of the idol of Mahakal, which they have planted before the gateway of the Jami’ Masjid at the capital city of Delhi in order that all true believers might tread upon it.””

Iltutmish (1210–1236) Sultan of Mamluk Sultanate

Ujjain (Madhya Pradesh). Tabqat-i-Nasiri, translated into English by Major H.G. Reverty, New Delhi Reprint, 1970, Vol. I, pp. 628

Victory

“So black people, you are subjects of white people. Even under ANC, even under the so-called democracy, you are subject, you are servant of white people. No white man will be served by me. I do not serve white masters. … I am here to disturb the white man's peace. … The white man has been too comfortable for too long. We are here unashamedly to disturb the white man's peace, because we have never known peace. We don't know what peace looks like. … They have been swimming in a pool of privilege. They have been enjoying themselves because they always owned our land. We, the rightful owners, our peace was disturbed by white man's arrival here. They committed a black genocide. They killed our people during land dispossession. … They found peaceful Africans here. They killed them. They slaughtered them like animals. We are not calling for the slaughtering of white people, at least for now. What we are calling for is for peaceful occupation of the land. And we don't owe anyone apology about that. … Revolution is about making those who are comfortable uncomfortable. … Revolution is about disturbing the peace of those who are swimming in a peaceful environment through exploitation of the working class. … Our strategic objective is the defeat of white monopoly capital. And that defeat […] means the ownership of property must change and be transferred into the hands of the people. Their mines must be nationalized, the banks must be nationalized, the land must be expropriated without compensation. … But white minority be warned, we will take our land no matter what.”

Julius Malema (1981) South African political activist

To EFF supporters after appearing in the Newcastle Magistrates court on 7 November 2016, for allegedly contravening the Riotous Assemblies Act, “We are not calling for the slaughtering of white people, at least for now.” Malema http://www.thesouthafrican.com/we-are-not-calling-for-the-slaughtering-of-white-people-at-least-for-now-malema/, Ezra Claymore, The South African, 8 November 2016, and a video https://twitter.com/tshidi_lee/status/795572416290443264/video/1 by Matshidiso Madia. See also: Malema addresses supporters after appearing in court, 7 November 2016 https://www.youtube.com/watch?v=rjBi3z-1yAs, SABC News, YouTube

People , Peace , Democracy , Change

“I think the Canadian people have a right to know: Why, when your primary objective was to get unfettered and secure access into the American Market we didn't get it. Why you didn't put clauses in to protect our social programs in this negotiation we'll have on the definition of subsidies where the heavy weight of the American Republic will be put in against us. Why did that not happen? Why also, did we get a situation where we surrendered our Energy policy to the United States, something which they'd been trying to achieve since 1956? Why did we abandon our farmers? Why did we open our Capital Markets so that a Canadian Bank can be bought up and we don't have reciprocal rights into the American Market at all? And why did you remove any ability to control the Canadian ownership of our businesses? These are questions that Canadians deserve to have an answer to, and we have not had an opportunity in six hours to deal with them in a way that would make you come out of your shell!”

John Turner (1929) 17th Prime Minister of Canada

People , Way , Question , Business

“In America, despite the amazing rise in productivity we’ve had in the last 30 years, real wages have actually gone down. All of the increase in productivity has been taken by the finance, insurance, and real estate sector, called the FIRE sector, almost all of it by the financial sector. … So instead of having industrial capitalism a century ago, we have a finance capitalism that actually is stifling industrial capitalism here. So what Alan Greenspan and others call the postindustrial economy is really neo-feudalism. It’s a financialized economy where all of the surplus goes to the banks.”

Michael Hudson (economist) (1939) American economist

Deficit Hawks One Two Punch http://michael-hudson.com/2010/12/deficit-hawks-one-two-punch/ (December 16, 2010)
Michael-Hudson.com, 1998-

“I, Christopher Logue, was baptized the year
Many thousands of Englishmen,
Fists clenched, their bellies empty,
Walked day and night on the capital city.”

Christopher Logue (1926–2011) Poet, screenwriter, actor

"The Song of Autobiography", from Songs (London: Hutchinson, 1959) p. 12.

Night

“Democratic man can understand the aims and aspirations of capitalism; they are, greatly magnified, simply his own aims and aspirations.”

H.L. Mencken (1880–1956) American journalist and writer

1920s, Notes on Democracy (1926)

Understanding

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

David Harvey (1935) British anthropologist

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

Money , World

“There was another rai in those parts, whose rule extended over sea and land, a Brahmin named Pandya Guru. He had many cities in his possession, and his capital was Fatan, where there was a temple with an idol in it laden with jewels… The rai, when the army of the Sultan arrived at Fatan, fled away, and what can an army do without its leader? The Musalmans in his service sought protection from the king’s army, and they were made happy with the kind of reception they met. 500 elephants were taken. They then struck the idol with an iron hatchet, and opened its head. Although it was the very Kibla of the accursed gabrs, it kissed the earth and filled the holy treasury.”

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

Pattan (Tamil Nadu) in the reign of Sultan ‘Alau’d-Din Khalji (AD 1296-1316) Elliot and Dowson, History of India as told by its own Historians,Vol. III, p. 550-551
Dawal Rani-Khizr Khani

Kiss , Parting , Sea , Happiness

“Two world wars have destroyed in a few years the material and spiritual capital accumulated by centuries of work. The nineteenth century had hoped to turn man, by virtue of education, into a reasoning being: a half-century of ferocity has proved that a cruel, primitive beast still resides in him.”

André Maurois (1885–1967) French writer

Un Art de Vivre (The Art of Living) (1939), The Art of Loving

War , World , Education , Hope

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

Jim Stanford (1961) Canadian economist

Part 3, Chapter 14, Dividing the Pie, p. 168
Economics For Everyone (2008)

People , Failure , Wealth

“Big business in America today and for some years has been openly at war with competition and, thus, at war with laissez-faire capitalism. … The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business. It is unfortunate that many New Leftists are so uncritical as to accept this premise as indicating that all forms of capitalism are bad…”

Karl Hess (1923–1994) American journalist

"The Death of Politics", Playboy magazine (March 1969)

War , Business

“It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.”

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 20, Has Capitalism Changed?, p. 227

Future

“Even human relations become a matter of cost benefit calculation. Clearly this is the way the conquistadors viewed the worlds that they set out to conquer.

It is the peculiar feature of modern capitalism to create social arrangements that essentially force us to think this way.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Eleven, "Age of the Great Capitalist Empires", pp. 319–320

World , Way , Thinking

“The historical debate is over. The answer is free-market capitalism.”

Thomas Friedman book The Lexus and the Olive Tree

[The Lexus and the Olive Tree: Understanding Globalization, 1st edition, May 2, 2000, Anchor, ISBN 0-3854-9934-5, The Golden Straitjacket]

“For the corporation executives, the military metaphysic often coincides with their interest in a stable and planned flow of profit; it enables them to have their risk underwritten by public money; it enables them reasonably to expect that they can exploit for private profit now and later, the risky research developments paid for by public money. It is, in brief, a mask of the subsidized capitalism from which they extract profit and upon which their power is based.”

C. Wright Mills (1916–1962) American sociologist

The Causes of World War Three (1960)

Money

“Without the collapse of capitalism the expropriation of the capitalist class is impossible.”

Rosa Luxemburg (1871–1919) Polish Marxist theorist, socialist philosopher, and revolutionary

Source: Reform or Revolution (1899), Ch. 9

“When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. Just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign — with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

1985 Chairman's Letter http://www.berkshirehathaway.com/letters/1985.html
Letters to Shareholders (1957 - 2012)

Singing , Personality

“It would be too ridiculous to go about seriously to prove that wealth does not consist in money, or in gold and silver; but in what money purchases, and is valuable only for purchasing. Money no doubt, makes always a part of the national capital; but it has already been shown that it generally makes but a small part, and always the most unprofitable part of it.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book IV, Chapter I, p. 470.

Money , Parting , Wealth

“My reaction to “creative capitalism” as lauded by Bill Gates, Warren Buffett, Michael Kinsley, and (somewhat to my surprise), Professor Glaeser of the Harvard Economics Department is a skeptical one. The embrace of massive corporate charity, the criticism of capitalism by its greatest beneficiaries, and the frequent resort by the advocates of “creative capitalism” to platitudes (such as: “the world is getting better, but not fast enough and not for everyone”; “today’s miracles of technology only benefit those who can afford them”; “economic demand is not the same as economic need”), along with the vagueness of the term itself, leave me with an uncomfortable feeling.”

Richard A. Posner (1939) United States federal judge

" Against Creative Capitalism https://web.archive.org/web/20080813084622/http://creativecapitalism.typepad.com:80/creative_capitalism/2008/06/against-creativ.html" (2008), published in Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders.

World , Feeling

“I don't buy the prevailing theory that capitals are becoming increasingly Left-wing, they are in full globalisation and reconstruction mode, with huge tectonic shifts, a fusion of cultures. Whoever has the vision and personality to run such world cities is the right person. It's less about the political card you carry.”

Nathalie Kosciusko-Morizet (1973) French politician

Interview with The Daily Telegraph (2003)

World , Personality

“It is not solely by weapons that ISIS imposes its control. More important is the terror it has instilled in millions in Syria, Iraq, Jordan, Lebanon and, increasingly, Saudi Arabia and Kuwait. Indeed, Jordan’s panic-driven decision to execute two jihadists in response to the burning of its captured pilot is another sign of the terror Daesh has instilled in Arab governments and much of the public. In the short run, terror is a very effective means of psychological control of unarmed and largely defenseless populations. Even in areas far from Daesh’s reach, growing numbers of preachers, writers, politicians and even sheiks and emirs, terrorized by unprecedented savagery, are hedging their bets. Today, Daesh is a menacing presence not only in Baghdad but in Arab capitals from Cairo to Muscat — an evil ghost capable of launching attacks in the Sinai and organizing deadly raids on Jordanian and Saudi borders. ISIS enjoys yet another advantage: It has a clear strategy of making areas beyond its control unsafe. No one thinks Daesh can seize Baghdad, but few Baghdadis feel they’re living anything close to a normal life. Daesh’s message is clear: No one is safe anywhere, including in non-Muslim lands, until the whole world is brought under “proper Islamic rule.””

Amir Taheri (1942) Iranian journalist

How ISIS is winning: The long reach of terror http://nypost.com/2015/02/05/how-isis-is-winning-the-long-reach-of-terror/, New York Post (February 5, 2015).
New York Post

Life , World , Feeling , Thinking

“There are as many Scottish roads to Socialism as there are predictions of Britain's economic doom - but most of them demand three things: a coherent plan for an extension of democracy and control in society and industry which sees every reform as a means to creating a socialist society; a harnessing of the forces for industrial and community self-management within a political movement; and a massive programme of education by the Labour Movement as a whole.

Gramsci's relevance to Scotland today is in his emphasis that in a society which is both mature and complex, where the total social and economic processes are geared to maintaining the production of goods and services (and the reproduction of the conditions of production), then the transition to socialism must be made by the majority of the people themselves and a socialist society must be created within the womb of existing society and prefigured in the movements for democracy at the grass roots. Socialists must neither place their faith in an Armageddon or of capitalist collapse nor in nationalisation alone. For the Jacobin notion of a vanguard making revolution on behalf of working people relates to a backward society (and prefigures an authoritarian and bureaucratic state), then the complexity of modern society requires a far reaching movement of people and existing conditions and as a co-ordinator for the assertion of social priorities by people at a community level and control by producers at an industrial level. In such a way political power will become a synthesis of – not a substitute for – community and industrial life.

This requires from the Labour Movement in Scotland today a postive commitment to creating a socialist society, a coherant strategy with rhythm and modality to each reform to cancel the logic of capitalism and a programme of immediate aims which leads out of one social order into another. Such a social reorganisation - a phased extension of public control under workers' sustained and enlarged, would in EP Thompson's words lead to "a crisis not of despair and disintegration but a crisis in which the necessity for a peaceful revolutionary transition to an alternative socialist logic became daily more evident."”

Gordon Brown (1951) British Labour Party politician

Introduction to "The Red Paper On Scotland", 1975.

Life , People , Education , Peace

“Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantities as demand and supply prices. Other terms – as e. g. "income", "revenue", "return", "expenses", "savings", "investments" – imply, however, a time period for which they are reckoned. But in order to be unambiguous they must also refer to a point of time at which they are calculated.”

Gunnar Myrdal (1898–1987) Swedish economist

Source: Monetary Equilibrium (1939), p. 46-7

Time

“Struggle against capitalism must be also struggle against the 'we' who are not only against but also in capitalism. To criticise is to recognise that we are a divided self. To criticise society is to criticise our own complicity in the reproduction of that society.”

John Holloway book Change the World Without Taking Power

Change the World Without Taking Power (2002)

“The enemy of liberal capitalism today is not so much socialism as nihilism.”

Irving Kristol (1920–2009) American columnist, journalist, and writer

The Public Interest, Spring 1973 https://books.google.com/books?id=S2nUuTagIw8C&pg=PA101&dq=The+enemy+of+liberal+capitalism+today+is+not+so+much+socialism+as+nihilism.&hl=en&sa=X&ved=0ahUKEwjjmvTH3aDXAhWMNiYKHfQ_DNwQ6AEIJjAA#v=onepage&q=The%20enemy%20of%20liberal%20capitalism%20today%20is%20not%20so%20much%20socialism%20as%20nihilism.&f=false
1970s

“One growing threat to the stability of the U. S. economy, and therefore to its capability to continue to direct the global order, paradoxically emerges from its success in establishing capitalism around the world.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Seven, Number One In The Twenty-First Century, p. 183-184

World , Success

“It is usually assumed that, in speaking, in the 1844 Manuscripts, of man’s “being reduced to the level of the animals,” and of man’s alienation from his “species-being” under the conditions of capitalist production, Marx is thinking in terms of an abstract conception of “man” as being alienated from his biological characteristics as a species. So, it is presumed, at this initial stage in the evolution of his thought, Marx believed that man is essentially a creative being whose “natural” propensities are denied by the restrictive character of capitalism. Actually, Marx holds, on the contrary, that the enormous productive power of capitalism generates possibilities for the future development of man which could not have been possible under prior forms of productive system. The organization of social relationships within which capitalist production is carried on in fact leads to the failure to realize these historically generated possibilities. The character of alienated labor does not express a tension between “man in nature” (non-alienated) and “man in society” (alienated), but between the potential generated by a specific form of society—capitalism—and the frustrated realization of that potential. What separates man from the animals is not the mere existence of biological differences between mankind and other species, but the cultural achievements of men, which are the outcome of a very long process of social development.”

Anthony Giddens (1938) British sociologist

Source: Capitalism and Modern Social Theory (1971), pp. 15-16.

Men , Failure , Nature , Thinking

Quotes about capital page 14

Quotes about capital
page 14