Quotes about capital (1674 quotes, page 16)

“Shaw and Stalin are still satisfied with Marx’s picture of the capitalist world… They look backwards to what capitalism was, not forward to what it is becoming.”

John Maynard Keynes (1883–1946) British economist

“Stalin-Wells Talk: The Verbatim Report and A Discussion”, G.B. Shaw, J.M. Keynes et al., London, The New Statesman and Nation, (1934) p. 34

World

“Clearly, the power of the lender to command interest has nothing to do with the use to which the loan is put. Whether the borrower uses it to build a factory or acquire a dwelling house, whether he spends it on tools of his trade or gambling on horses, will make no difference… The coupling of interest with capital has been an unfortunate error prolific in its progeny of falsehoods. It arises from confusing the power to exact payment for loans with the use to which some of the loans are put… It gives to the idea of a loan a quality it should not possess, a suggestion of productiveness and of social benefit, obscuring the indebtedness and dependence which the loan so plainly advertises.”

Leon MacLaren (1910–1994) British philosopher

Leon MacLaren, Nature of Society and Other Essays, p169

Housing , Dependency , Making love , Horse

“The working class in the United States has never been united; it’s always been divided along the lines of race…Racism and capitalism emerged at the same time, in 15th-century western Europe, and they’ve reinforced each other from the beginning.”

Ibram X. Kendi (1982) American author and historian

On the American working class in “Ibram X Kendi on why not being racist is not enough” https://www.theguardian.com/world/2019/aug/14/ibram-x-kendi-on-why-not-being-racist-is-not-enough in The Guardian (2019 Aug 14)

Time

“They will send their sinister army armed to the teeth to fight us, assaulting the working class, the peasants and popular masses, spreading their sinister claws. They will try to encircle, isolate, crush and wipe us out. But we are the future, the strength, and history. Comrades, revolution and counterrevolution are also contending forces in our country. They are two parts of a unity of opposites in constant struggle. The reactionaries are armed and concentrated, defending the metropolis and capitals. We are rooted in the countryside, in small villages, with the masses, especially with the poor peasants, with the force of the people, among their disorganized force in order to organize it into a powerful army. But this will not be easy.”

Abimael Guzmán (1934–2021) Peruvian communist

Interview with Chairman Gonzalo

History , Country , Future , People

“I grew up with a lot of discrimination and racism though we were in South Texas it was still very prevalent and I had to deal with a lot of it in the public school system. In the elementary school we were punished for speaking Spanish, physically punished for speaking Spanish. So you’re made to feel ashamed. When the farm workers came through Kingsville on their march to Austin, the capital of Texas, we were very excited. The most obvious issues that were being discussed were the violence against the Mexicans and the farm workers, anybody who wasn’t the right color was subject to being arrested, to being beat up by the Texas Rangers. It was at that point that I made the decision that no matter what it took from me I was going to be a Chicana artist, no matter what! Because here was this whole population of my people who were being unfairly treated and if I could use my artwork as a vehicle towards bringing a greater understanding as who were as a people: our culture, our language, out customs, our mannerisms. Everything about our lives needed to be brought out in a fine art format…”

Carmen Lomas Garza (1948) Mexican-American artist and illustrator

On becoming a Chicana artist in “CARMEN LOMAS GARZA – IN HER OWN WORDS” http://latinopia.com/latino-art/carmen-lomas-garza/ in Latinopia (2010 Mar 6)

School , Understanding , People , Art

“I mean, the enclosures in Britain would never have happened without the king’s army and without state brutality for pushing peasants off their ancestors’ land and creating the commodification of labor, the commodification of land which then gave rise to capitalism.”

Yanis Varoufakis (1961) Greek-Australian political economist and author, Greek finance minister

Yanis Varoufakis and Noam Chomsky discussion the New York Public Library (26 April 2016)

“Trump’s dig on socialism means he’s scared, Ocasio-Cortez said after his speech. What really scares the pro-plutocrats on both sides of the political aisle about her, Sanders and other democratic socialists is that they have become messengers for a compelling message with an actual vision — the simple idea that it’s up to government to intervene and equalize the playing field between the capital that owns the politicians, the system and the rewards, and the general public toiling to provide those rewards.”

Krystal Ball (1981) American journalist

Idea

“Trump would have us believe that these are our only two choices: We can either have smash-and-grab capitalism, where so many hands in the cookie jar has resulted in so many government scandals, and where the top 1 percent have more wealth than the bottom 90 percent, or we can have what’s happening in Venezuela, where the economy has collapsed and humanitarian and political crises have ensued...”

Krystal Ball (1981) American journalist

Wealth

“There is another plane of thought into which some have entered. It holds up a vision of a society redeemed by true democracy. It believes in a time when monopoly shall be no more, and labor and capital, no longer at war, shall cooperate to the wiping out of involuntary and undeserved poverty in an era of industrial equality and social peace.”

Robert M. La Follette Sr. (1855–1925) American politician

"The Basis of the Struggle", July 31, 1909, La Follette's Weekly Magazine. Quoted in Matthew Rothschild, Democracy In Print : The Best of The Progressive Magazine, 1909-2009. Madison : University of Wisconsin Press, 2009.

Democracy , War , Peace , Time

“Piketty ends Capital in the Twenty-First Century with a call to arms — a call, in particular, for wealth taxes, global if possible, to restrain the growing power of inherited wealth. It’s easy to be cynical about the prospects for anything of the kind. But surely Piketty’s masterly diagnosis of where we are and where we’re heading makes such a thing considerably more likely. So Capital in the Twenty-First Century is an extremely important book on all fronts. Piketty has transformed our economic discourse; we’ll never talk about wealth and inequality the same way we used to.”

Paul Krugman (1953) American economist

"Why We’re in a New Gilded Age", The New York Review of Books (May 8, 2014)
The New York Review of Books articles

Way , Wealth , Books , Making love

“In this tremendous and truly historical uprising of the nations we are all now taking our part, some of us as leaders, others as actors or performers. On one side we find the exponents of democracy, that is Jewish capitalism with all its deadweight of obsolete political theories and parliamentary corruption, its out-moded social order, the Jewish brain trust, the Jewish newspapers, stock exchanges and banks, a concern of mixed political and economic profiteers of the worst order, arm in arm with the Bolshevist state.”

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

“Speech to the Reichstag Assuming New Powers” https://www.jewishvirtuallibrary.org/adolf-hitler-speech-to-the-reichstag-assuming-new-power-april-1942, (April 26, 1942)
1940s

Democracy , Parting

“Why must there be a revolutionary party? There must be a revolutionary party because the world contains enemies who oppress the people and the people want to throw off enemy oppression. In the era of capitalism and imperialism, just such a revolutionary party as the Communist Party is needed. Without such a party it is simply impossible for the people to throw off enemy oppression. We are Communists, we want to lead the people in overthrowing the enemy, and so we must keep our ranks in good order, we must march in step, our troops must be picked troops and our weapons good weapons. Without these conditions the enemy cannot be overthrown.”

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

"Rectify the Party's Style of Work" (1942)
Original: (zh-CN) 为什么要有革命党？因为世界上有压迫人民的敌人存在，人民要推翻敌人的压迫，所以要有革命党。就资本主义和帝国主义时代说来，就需要一个如共产党这样的革命党。如果没有共产党这样的革命党，人民要想推翻敌人的压迫，简直是不可能的。我们是共产党，我们要领导人民打倒敌人，我们的队伍就要整齐，我们的步调就要一致，兵要精，武器要好。如果不具备这些条件，那末，敌人就不会被我们打倒。

World , People

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

Milton Friedman book Free to Choose

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

Truth , Dreams , Past

“What kind of society isn’t structured on greed?… So the problem of social organization is how to set up an arrangement under which greed will do the least harm. It seems to me that the great virtue of capitalism is that it’s that kind of system. Because under capitalism, the power of any one individual over his fellow man is relatively small.”

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

“Interview with Milton Friedman”, Playboy magazine (Feb. 1973)

Problem

“After the fall of communism, everybody in the world agreed that socialism was a failure. Everybody in the world, more or less, agreed that capitalism was a success. And every capitalist country in the world apparently deduced from that what the West needed was more socialism.”

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

Milton Friedman: The Rise of Socialism is Absurd and There’s No Such Thing as a Free Lunch https://www.youtube.com/watch?v=mKhfR8WC4Eo, Grand opening speech at Cato Institutes’ headquarters in Washington, D.C. (May 1993)

Success , Country , Communication , World

“Britain is not earning her living. We are not keeping pace with the economic performance of our European and North American neighbours, and we are certainly not achieving the potential that is in us. … At the end of a war of prolonged sacrifice we were left with much obsolete industrial plant, and a short-fall in the capital necessary to scrap and renew it. For a century we had lived on cheap food and raw materials imported from overseas. They are not and will not in future be available to us. … We cannot continue to live beyond or ability or our willingness to earn. That is the one basic fact with which Britain has yet to come to terms.”

Alec Douglas-Home (1903–1995) Former Prime Minister of the United Kingdom

'Foreword' (June 1977), Patrick Hutber (ed.), What's Wrong with Britain? (Sphere, 1978), p. 7
Later life

War , Future , Food

“It is by the Imperial Capital that contemporaries (and posterity, too) judge an Empire, and its magnificence impresses them mightily and leads them to judge the Emperor a great man and hero, even though it may all be based on robbery, and though the provinces of the Empire may be sunk in misery.”

Isaac Asimov (1920–1992) American writer and professor of biochemistry at Boston University, known for his works of science fiction …

The Near East (1968), p. 33
General sources