Quotes about capital (1674 quotes, page 5)

“The fall of communism confirms century-old libertarian claims that equity and justice cannot be imposed by force, that interpreting "to each according to work" as "to each according to the marginal revenue product of one's labor" rationalizes privilege, and that central planning stifles workers' creative potentials. Clearly, enterprises whose inputs and outputs have been determined by a central planning procedure exclude workers and consumers from decision making, separate conceptual and manual tasks, and offer unequal consumption and work opportunities. For the Soviet, East German, Polish, Czechoslovakian, and Hungarian people to reject these injustices is encouraging. But it is dishonest to say this demonstrates that capitalism is optimal. It only bespeaks a lack of alternatives.”

Robin Hahnel (1946) American economist

Michael Albert and Robin Hahnel. The political economy of participatory economics. Princeton University Press, 1991. p. 3

People , Justice , Communication , Optimism

“Fascism must be seen as an episodically logical stage in the socio-economic development of capitalism in a state of crisis. It is the result of a revolutionary thrust that was weak and miscarried — a consciousness that was compromised.”

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. 137

“The term 'capital' has two quite different meanings in economics: a sum of money, and a collection of machinery.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 6, The Holy War Over Capital, p. 130

Money

“It was not capitalism's internal contradictions that, having exhausted all possibilities, caused the system to explode. The struggle for liberation from a foreign oppressor; the misery caused by external events such as war, whose consequences privileged classes place on the backs of the exploited; liberation movements aimed at overthrowing neo-colonial regimes — these are the usual factors in unleashing this kind of explosion.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Man and Socialism in Cuba (1965)

War

“For, in fact, I say the degree of vision that dwells in a man is a correct measure of the man. If called to define Shakspeare's faculty, I should say superiority of Intellect, and think I had included all under that. What indeed are faculties? We talk of faculties as if they were distinct, things separable; as if a man had intellect, imagination, fancy, &c., as he has hands, feet and arms. That is a capital error. Then again, we hear of a man's "intellectual nature," and of his "moral nature," as if these again were divisible, and existed apart. Necessities of language do perhaps prescribe such forms of utterance; we must speak, I am aware, in that way, if we are to speak at all. But words ought not to harden into things for us. It seems to me, our apprehension of this matter is, for most part, radically falsified thereby. We ought to know withal, and to keep forever in mind, that these divisions are at bottom but names; that man's spiritual nature, the vital Force which dwells in him, is essentially one and indivisible; that what we call imagination, fancy, understanding, and so forth, are but different figures of the same Power of Insight, all indissolubly connected with each other, physiognomically related; that if we knew one of them, we might know all of them. Morality itself, what we call the moral quality of a man, what is this but another side of the one vital Force whereby he is and works? All that a man does is physiognomical of him. You may see how a man would fight, by the way in which he sings; his courage, or want of courage, is visible in the word he utters, in the opinion he has formed, no less than in the stroke he strikes. He is one; and preaches the same Self abroad in all these ways.”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

1840s, Heroes and Hero-Worship (1840), The Hero as Poet

Way , Error , Imagination , Courage

“Some big businessmen did contribute to the Nazi election funds but German capitalism cannot be regarded, on the evidence, as having collectively brought fascism to power in any direct sense. Fascism in Germany was a mass movement brought to power through collusion with a bankrupt but traditional elite, not as the puppet of big business.”

Richard Overy (1947) British historian

Source: The Nazi economic recovery 1931-1938 (1996), p. 55

Business , Sense

“Birth control appeals to the advanced radical because it is calculated to undermine the authority of the Christian churches. I look forward to seeing humanity free someday of the tyranny of Christianity no less than Capitalism.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

Unknown source, often attributed to The Woman Rebel.
Misattributed

Birth

“That we are overdone with banking institutions which have banished the precious metals and substituted a more fluctuating and unsafe medium, that these have withdrawn capital from useful improvements and employments to nourish idleness, that the wars of the world have swollen our commerce beyond the wholesome limits of exchanging our own productions for our own wants, and that, for the emolument of a small proportion of our society who prefer these demoralizing pursuits to labors useful to the whole, the peace of the whole is endangered and all our present difficulties produced, are evils more easily to be deplored than remedied.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to Abbe Salimankis (1810) ME 12:379 The Writings of Thomas Jefferson "Memorial Edition" (20 Vols., 1903-04) edited by Andrew A. Lipscomb and Albert Ellery Bergh, Vol. 12, p. 379; also quoted at "Thomas Jefferson on Politics & Government: Money & Banking" at University of Virginia http://etext.virginia.edu/jefferson/quotations/jeff1325.htm
Posthumous publications, On financial matters

War , World , Peace , Evil

“The word "restraint" implies the asking of an essential question, one that is more important now than ever, and is antithetical both to capitalism and to science as we practice them: Because we can do something, must we do it?”

Fenton Johnson (1953) American novelist

"Going it alone" (2015)

Question , Science

“One of the biggest lies in capitalism is that companies like competition. They don't. Nobody likes competition.”

Eliot Spitzer (1959) 54th Governor of New York

[William D. Cohan, http://www.bloomberg.com/news/2012-07-01/how-wall-street-scams-counties-into-bankruptcy.html, How Wall Street Scams Counties into Bankruptcy, Bloomberg L.P., July 1, 2012, 2012-10-15]

“Every little school boy is trained to recite the weaknesses and inefficiencies of the Articles of Confederation. It is taken as axiomatic that under them the new nation was falling into anarchy and was only saved by the wisdom and energy of the Convention. … The nation had to be strong to repel invasion, strong to pay to the last loved copper penny the debts of the propertied and the provident ones, strong to keep the unpropertied and improvident from ever using the government to secure their own prosperity at the expense of moneyed capital. … No one suggests that the anxiety of the leaders of the heretofore unquestioned ruling classes desired the revision of the Articles and labored so weightily over a new instrument not because the nation was failing under the Articles, but because it was succeeding only too well. Without intervention from the leaders, reconstruction threatened in time to turn the new nation into an agrarian and proletarian democracy. … All we know is that at a time when the current of political progress was in the direction of agrarian and proletarian democracy, a force hostile to it gripped the nation and imposed upon it a powerful form against which it was never to succeed in doing more than blindly struggle. The liberating virus of the Revolution was definitely expunged, and henceforth if it worked at all it had to work against the State, in opposition to the armed and respectable power of the nation.”

Randolph Bourne (1886–1918) American writer

¶13. Published under "The Development of the American State," The State https://mises.org/library/state (Tucson, Arizona: See Sharp Press, 1998), pp. 33–34.
"The State" (1918), II

Love , Wisdom , Money , Hostility

“It is simply not true that capitalism as a historical system has represented progress over the various previous historical systems that it destroyed or transformed. Even as I write this, I feel the tremour that accompanies the sense of blasphemy. I fear the wrath of the gods, for I have been moulded in the same ideological forge as all my compeers and have worshipped at the same shrines.”

Immanuel Wallerstein (1930–2019) economic historian

Wallerstein (1995) Historical Capitalism, with Capitalist Civilization. London: Verso. p. 98.

God , Fear , Feeling , Sense

“Third. The funding of projects, activities, and programs that were not covered by any appropriation in the GAA. The law prohibits, according to the court, the augmentation of a non-existent program, activity, or project with an appropriation in terms of specific allotment classes, either Personal Services, Maintenance and other Operating Expenses, and/or Capital Outlays within the subject GAA.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Law , Personality

“A nuclear war does not defend a country and it does not defend a system. I've put it the same way many times; not even the most accomplished ideologue will be able to tell the difference between the ashes of capitalism and the ashes of communism.”

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

The Ashes of Capitalism and the Ashes of Communism (1986)

War , Way , Communication , Time

“Marx, as we have seen, solved it by declaring capital to be a different thing from product, and maintaining that it belonged to society and should be seized by society and employed for the benefit of all alike.”

Benjamin Ricketson Tucker (1854–1939) American journalist and anarchist

¶ 20
State Socialism and Anarchism: How Far They Agree, and Wherin They Differ (1888)

“Capitalism attacks and destroys all the finer sentiments of the human heart; it ruthlessly sweeps away old traditions and ideas opposed to its progress, and it exploits and corrupts those things once held sacred.”

Daniel De Leon (1852–1914) American newspaper editor

"The Daily People" editorial, "Patriotism and Poverty" (July 26, 1900)
Complete online text of "Patriotism and Poverty" http://www.marxists.org/archive/deleon/works/1900/000726.htm

Idea , Heart

“Nearly fifty years ago… Douglas McGregor launched a debate over how to manage The Human Side of the Enterprise. By comparing what he called Theory X and Theory Y perspectives, he challenged the management profession to reexamine its assumptions about the motivations employees bring to their jobs. The question was: Could employees be trusted and empowered to do good work, or did they have to be closely directed, monitored, and controlled to act in the interests of the firm? While McGregor’s Theory Y sparked important innovations in human resource practices, it did not challenge fundamental assumptions underpinning the 20th Century organizational model. If, as is widely recognized, human capital and knowledge are the most important sources of value for the 21st Century organization, then fundamental assumptions about the relationship between work and organizations will also need to be challenged.”

Thomas A. Kochan (1947) American academic

Source: "Beyond McGregor’s Theory Y", 2002, p. 2: introduction

Motivation , Question , Knowledge

““When he advanced from the capital of Karra, the Hindus, in alarm, descended into the earth like ants. He departed towards the garden of Behar to dye that soil with blood as red as tulip. He cleared the road to Ujjain of vile wretches, and created consternation in Bhilsan. When he effected his conquests in that country, he drew out of the river the idols which had been concealed in it.”66”

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

About Sultan ‘Alau’d-Din Khalji (AD 1296-1316) in Vidisha (Madhya Pradesh) Elliot and Dowson, History of India as told by its own historians, Vol. III, p. 542.ff
Miftahu'l-Futuh

Country

“The effects of Asian contacts on Europe, though considerably less, cannot be considered insignificant. The growth of capitalism in the seventeenth, eighteenth and nineteenth centuries, in itself a profound and revolutionary change, is intimately connected with the expansion of European trade and business into Asia. The political development of the leading Western European nations during this period was also related to their exploitation of their Asian possessions and the wealth they derived from the trade with and government of their Eastern dependencies. Their material life, as reflected in clothing, food, beverages, etc., also bears permanent marks of their Eastern contacts. We have already dealt briefly with the penetration of cultural, artistic and philosophical influences, though their effects cannot still be estimated. Unlike the Rococo movement of the eighteenth century, the spiritual and cultural reactions of the nineteenth and twentieth centuries are deeper, and have not yet fully come to the surface. The influence of Chinese literature and of Indian philosophical thought, to mention only two trends which have become important in recent years, cannot be evaluated for many years to come. Yet it is true, as T. S. Eliot has stated, that most modern poets in Europe have in some measure been influenced by the literature of China. Equally the number of translations of the Bhagavad Gita and the Upanishads, which have been appearing every year, meant not for Orientalists and scholars but for the educated public, and the revival of interest in the religious experience of India, are sufficient to prove that a penetration of European thought by Oriental influences is now taking place which future historians may consider to be of some significance.”

K. M. Panikkar (1895–1963) Indian diplomat, academic and historian

Asia and Western Dominance: a survey of the Vasco Da Gama epoch of Asian history, 1498–1945

Life , Education , Food , Literature

“With deregulation, one sector of the economy after another is "liberated" to capital's unmonitored authority. The very notion that there is a public interest is contested.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Three, Communication Today: What's New?, p. 92

“Hindus were so much impoverished that their wives had to work as servants in Muslim houses. The wives and children of Hindu merchants were kept as hostages at the capital to ensure that they brought regular supplies, which they had to sell at fixed prices to the Muslim rulers.”

Sita Ram Goel book The Story of Islamic Imperialism in India

The Story of Islamic Imperialism in India (1994)

Children , Housing

“This concept of capital-rebuilding is so important that it may be desirable to digress for a moment. In the broadest sense of the word, capital means the sum total of the valuable things possessed by the individuals of a society, excluding "claims," that is, mere titles to property. The word is used to mean both the inventory of these valuable things; the houses, factories, machines, livestock, stocks of raw materials, and goods in all stages of completion; and also to mean the sum of the values of these things. It should generally be clear from the context which of these two meanings is intended.”

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

Source: 1940s, The Economics of Peace, 1945, p. 5

Sense , Housing

“Everybody has called Pop Art 'American' painting, but it's actually industrial painting. America was hit by industrialism and capitalism harder and sooner and its values see more askew... I think the meaning of my work is that it’s industrial; it’s what all the world will soon become. Europe will be the same way, soon, so it [Pop Art] won’t be American; it will be universal.”

Roy Lichtenstein (1923–1997) American pop artist

Source: 1960's, What is Pop Art? Interviews with eight painters' (1963), pp. 25-27

World , Art , Way , Thinking

“The idea of interest on loans is the diabolical invention of big loan-capital; it alone makes possible the lazy drone's life of a minority of tycoons at the expense of the productive peoples and their work-potential.”

Gottfried Feder (1883–1941) German economist and politician

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

Life , People , Idea

“Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are enjoined today to worship the consequences of Ricardo's science, despite the fact that the assumptions on which they are based have been reversed: capital is highly mobile, and labor virtually immobile -- libertarian conservatives lead the way in rejecting Adam Smith's principle that "free circulation of labor" is a cornerstone of free trade, in keeping with their contempt for markets”

Noam Chomsky (1928) american linguist, philosopher and activist

except for the weak
Z Magazine, February 1995 http://www.chomsky.info/articles/199505--.htm.
Quotes 1990s, 1995-1999

Way , Science

“We are forced, in equity, to share the government with the working class…If there is a free contract, in open market, between capital and labour, it cannot be right that one of the two contracting parties should have the making of the laws, the management of the conditions, the keeping of the peace, the administration of justice, the distribution of taxes, the control of expenditure, in its own hands exclusively. It is unjust that all these securities, all these advantages, should be on the same side…Before this argument the ancient dogma, that power attends on property, broke down. Justice required that property should-not abdicate, but-share its political supremacy.”

John Dalberg-Acton, 1st Baron Acton (1834–1902) British politician and historian

Letter to Mary Gladstone (1881)

Peace , Justice , Law

“The principal impact of foreign enterprise on the development of the underdeveloped countries lies in hardening and strengthening the sway of merchant capitalism, in slowing down and indeed preventing its transformation into industrial capitalism.”

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

Source: The Political Economy Of Growth (1957), Chapter Six, Towards A Morphology Of Backwardness, I, p. 194

Country

“We now have single corporate enterprises employing hundreds of thousands of workers, having hundreds of thousands of stockholders, using billions of dollars' worth of the instruments of production, serving millions of customers, and controlled by a single management group. These are great collectives of enterprise, and a system composed of them might well be called "collective capitalism."”

Gardiner C. Means (1896–1988) American economist

Source: The Corporate Revolution in America, 1957, p. 288

“Despite the miracles of capitalism, it doesn't do well in popularity polls. One of the reasons is that capitalism is always evaluated against the non-existent, non-realizable utopias of socialism or communism. Any earthly system, when compared to a Utopia will pale in comparison. But for the ordinary person, capitalism, with all of its warts, is superior to any system yet devised to deal with our everyday needs and desires.”

Walter E. Williams (1936) American economist, commentator, and academic

2010s, Markets, Governments, and the Common Good

Communication , Personality

“Where such a separation is complete one group of individuals, the security holders and in particular the stockholders, performs the function of risk-takers and suppliers of capital, while a separate group exercises control and ultimate management. In such a case, if profits are to be received only by the security holders, as the traditional logic of property would require, how can they perform both of their traditional economic roles? Are no profits to go to those who exercise control and in whose hands the efficient operation of enterprise ultimately rests? …Furthermore, if all profits are earmarked for the security holder, where is the inducement for those in control to manage the enterprise efficiently? When none of the profits are to be received by them, why should they exert themselves beyond the amount necessary to maintain a reasonably satisfied group of stockholders.”

Adolf A. Berle (1895–1971) American diplomat

1967, p. 303
The Modern Corporation and Private Property. 1932/1967

Exercises

“The progressive historical role of capitalism may be summed up in two brief propositions: increase in the productive forces of social labour, and the socialisation of that labour. But both these facts manifest themselves in extremely diverse processes in different branches of the national economy.”

Vladimir Lenin book The Development of Capitalism in Russia

Source: The Development of Capitalism in Russia (1899), Chapter Eight

“Socialism does not propose to abolish land or capital. Only a genius could have thought of this as an objection to Socialism. Socialism proposes to abolish capitalism and landlordism.”

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

Source: From Serfdom to Socialism (1907), p. 11

“Vulgar libertarian apologists for capitalism use the term "free market" in an equivocal sense: they seem to have trouble remembering, from one moment to the next, whether they’re defending actually existing capitalism or free market principles. … When prodded, they’ll grudgingly admit that the present system is not a free market, and that it includes a lot of state intervention on behalf of the rich. But as soon as they think they can get away with it, they go right back to defending the wealth of existing corporations.”

Kevin Carson (1963) American academic

Studies in Mutualist Political Economy (2007), Chapter 4.
Studies in Mutualist Political Economy (2007)

Thinking , Sense , Wealth

“We need a new form of capitalism, a contemporary form of capitalism. I would like to add “humanistic” to that equation.”

Brunello Cucinelli (1953) Italian entrepreneur and philanthropist

“The market theory is, there should be international mobility of capital. I said, why not international movement of labour? Marketing theory only envisages mobility of all factors of production. That means their medicines can come, but our doctors cannot go. Their engineering goods can come, our engineers cannot go. Secondly, they want the developing countries to open up but deny them access to technology. Certainly, our economies have been too protected. But that has to go gradually.”

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

We are ruled by an upper caste Hindu raj

Country

“The development of industrial capitalism did not move in a smooth ascending line.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 11, The Movement of Commodities, p. 311.

“In spite of the growing differences of income, the ever-increasing concentration of capital and the steady increase of the proletariat, in a word, in spite of the growing opposition between classes, there is everywhere a certain social levelling that, at last, puts a definite end to the privileges of birth. This is the last stage of the trend towards the abolition of social distinctions which had been going on since the days of hereditary monarchy and authoritarian priesthood. The decisive step was due to the Sophists, who invented the completely new rationalistic conception of areté, independent of birth and breeding, to which every Greek without exception could attain. The next step in this levelling is taken by the Stoics, who first enunciated standards of human value that are free from all tinge of race and nationality. The Stoics’ freedom from national prejudice merely expressed a state of affairs already achieved in the kingdoms of Alexander’s successors, just as the liberalism of the Sophists is merely a reflection of the social conditions due to the rise of the commercial and industrial bourgeoisie of the cities.”

Arnold Hauser (1892–1978) Hungarian art historian

The Social History of Art, Volume I. From Prehistoric Times to the Middle Ages, 1999, Chapter III. Greece and Rome

Birth , Decision , Freedom

“I am sure we all realize that this struggle that is going on though the World is really nothing more or less than a conflict between two opposing technocracies manifesting itself to the capitalization of economic resources and products and all that sort of thing.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 438

World

“So that, in the Islamic state, Delhi was not the capital of the empire; it was Quwwat-ul-Islam. The king was not the ruler of the people; he was Amir-ul-Mauminin, “the conqueror of infidels and shelterer of Islam.” The army was not the royal army; it was Lashkar-i-Islam. The soldier was not a cavalry man or infantry man; he was Ahl-i-Jihad. The law of the state was not any secular or humanitarian law; it was Shariat, the law of Islam. The state was not an end in itself, like the Greek state, but a means of sub-serving the interests of Islam. Conquests were made, shrines were broken, captives were taken, converts were made - all in the name of Islam. The raison d’etre of the regime was to disseminate the Islamic faith.”

K. S. Lal book The Legacy of Muslim Rule in India

Source: The Legacy of Muslim Rule in India (1992), Chapter 4

People , Faith , Law

“Winston Churchill said that democracy was the worst possible form of government, except for all the others. Maybe we can say the same about capitalism. For all of its faults, it gives most hardworking people a chance to improve themselves economically, even as the deck is stacked in favor of the privileged few… Here are the choices most of us face in such a system: Get bitter or get busy.”

Bill O'Reilly (1949) American political commentator, television host and writer

[2000-09-12, The O'Reilly Factor: The Good, the Bad, and the Completely Ridiculous in American Life, Broadway Books, 12, 9780767905282, 00057892, 731339075, 6035584W]
Quoted in [2001-04-05, http://www.foxnews.com/story/0,2933,2517,00.html, "Sample Chapter of The O'Reilly Factor", FoxNews.com, 2007-09-20]

People , Democracy , Business , Chance

“Various expedients have been tried in the past for bringing together capital and labour to the greatest advantage of the community at large. Western countries such as Germany, Denmark, England have found out by experience that the best method of doing this is by a co-operation of the workers for purposes of mutual benefit. This idea of co-operation is based on the great principle of self-help and combination Self-help and combination for mutual benefit are, in fact, essential for our advancement as a community and Co-operative Societies bring these two forces together for our economic advantage, a thing which the most ignorant person can understand, work for and profit by.”

Krishna Raja Wadiyar IV (1884–1940) King of Mysore

Spoke on the occasion of the Economic Conference held during Dussera festival 1911 which brought wide awareness of the people on the effectiveness of Cooperative Societies. Modern_Mysore, Dr. B. R. Ambedkar Open University, 26 November 2013, archive.org, 206-07 http://archive.org/stream/modernmysore035292mbp/modernmysore035292mbp_djvu.txt,
As ruler of the state

Communication , Idea , Understanding , Past

“Membership in the social democracy means a struggle, a political struggle with grievous persecutions, and a private struggle for existence, a struggle that for the majority is far more difficult and heavy than the political struggle. And it is necessary, because the courage for this twofold struggle is created only by the consciousness that the injustice of society by which the great majority of mankind are to-day oppressed, corrupted and crippled, can only be abolished through a revolutionary movement, that is, a movement that shall completely exterminate capitalism with every fiber of its roots.”

Wilhelm Liebknecht (1826–1900) German socialist politician

No Compromise – No Political Trading (1899)

Democracy , Courage

“John Kenneth Galbraith doesn't get enough praise. The Affluent Society is a great insight, and has become so much a part of our understanding of contemporary capitalism that we forget where it began. It's like reading Hamlet and deciding it's full of quotations.”

Amartya Sen (1933) Indian economist

Amartya Sen, quoted in Jonathan Steele, " Last of the old-style liberals http://www.theguardian.com/education/2002/apr/06/socialsciences.highereducation", The Guardian (2002)
2000s

Understanding , Reading , Parting , Forgetting

“The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the total capital stock, including in this the state of the human bodies and minds included in the system. In the spaceman economy, what we are primarily concerned with is stock maintenance, and any technological change which results in the maintenance of a given total stock with a lessened throughput (that is, less production and consumption) is clearly a gain. This idea that both production and consumption are bad things rather than good things is very strange to economists, who have been obsessed with tile income-flow concepts to the exclusion, almost, of capital-stock concepts.”

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

Source: 1960s, The Economics of the Coming Spaceship Earth, 1966, p. 9-10 as cited in: Mark W. W. McElroy, J.M.L. M. L. van van Engelen (2012) Corporate Sustainability Management.

Idea , Nature , Change , Success

“After the Sultan had purified Hind from idolatry, and raised mosques therein, he determined to invade the capital of Hind, to punish those who kept idols and would not acknowledge the unity of Allah. He collected his warriors and distributed money amongst them. He marched with a large army in the year 404 H., 1013 AD during a dark night … The Sultan returned, marching in the rear of this immense booty, and slaves were so plentiful that they became very cheap; and men of respectability in their native land, were degraded by becoming slaves of common shopkeepers. But this is the goodness of Allah, who bestows honours on his religion and degrades infidelity…”

Mahmud of Ghazni (971–1030) Sultan of Ghazni

Nardin (Punjab) . Capital of the Hindu Shahis after they lost Udbhandapur near Peshawar. Elliot and Dowson, Vol. II : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 37-39
Quotes from Tarikh Yamini (Kitabu-l Yamini) by Al Utbi

Men , Money , Religion , Night

“The successful sale of British Telecom…reveals a vast and untapped yearning among ordinary people for a direct stake in the ownership of British enterprise. Investment in shares has begun to take its place, with ownership of a home and either a bank or building society deposit, as a way for ordinary people to participate in enterprise and wealth creation. We are seeing the birth of people's capitalism.”

Nigel Lawson (1932) British Conservative politician and journalist

On the privatisation of BT (November 1984), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 224.

People , Way , Home , Birth

“As early as in the time of Sultan Iltutmish (1210-1236), soon after the establishment of the Delhi Sultanate in 1206, some Ulama suggested to him to confront the Hindus with a choice between Islam and death. The Wazir Nizamul Mulk Junaidi replied: “But at the moment in India… the Muslims are so few that they are like salt (in a large dish). If such orders are to be enforced… the Hindus might combine… and the Muslims would be too few in number to suppress(them). However, after a few years when in the capital and in the regions and small towns, the Muslims are well established and the troops are larger, it will be possible to give Hindus, the choice of ‘death’ or ‘Islam’.”68”

Iltutmish (1210–1236) Sultan of Mamluk Sultanate

Ziyauddin Barani, Sana-i-Muhammadi in Medieval India Quarterly, Aligarh, I, Part III, pp. 100-105. quoted in K.S. Lal, Legacy of Muslim rule in India, 1992.

Death , Time

“Nowadays, the phenomenon (of division of labor) has developed so generally it is obvious to all. We need have no further illusions about the tendencies of modern industry; it advances steadily towards powerful machines, towards great concentrations of forces and capital, and consequently to the extreme division of labor. Occupations are infinitely separated and specialized, not only inside the factories, but each product is itself a specialty dependent upon others. Adam Smith and John Stuart Mill still hoped that agriculture, at least, would be an exception to the rule, and they saw it as the last resort of small-scale industry. Although one must be careful not to generalize unduly in such matters, nevertheless it is hard to deny today that the principal branches of the agricultural industry are steadily being drawn into the general movement. Finally, business itself is ingeniously following and reflecting in all its shadings the infinite diversity of industrial enterprises; and, while this evolution is realizing itself with unpremeditated spontaneity, the economists, examining its causes and appreciating its results, far from condemning or opposing it, uphold it as necessary. They see in it the supreme law of human societies and the condition of their progress.”

Émile Durkheim (1858–1917) French sociologist (1858-1917)

Source: The Division of Labor in Society (1893), p. 39; Second paragraph

Law , Hope , Business , Dependency

“Ahmud Shah, without waiting to besiege the Hindoo capital, overran the open country; and wherever he went put to death men, women, and children, without mercy, contrary to the compact made between his uncle and predecessor, Mahomed Shah, and the Rays of Beejanuggur. Whenever the number of slain amounted to twenty thousand, he halted three days, and made a festival celebration of the bloody event. He broke down, also, the idolatrous temples, and destroyed the colleges of the bramins. During these operations, a body of five thousand Hindoos, urged by desperation at the destruction of their religious buildings, and at the insults offered to their deities, united in taking an oath to sacrifice their lives in an attempt to kill the King, as the author of all their sufferings…”

Firishta (1560–1620) Indian historian

Sultãn Ahmad Shãh I Walî Bahmanî (AD 1422-1435) Vijayanagar (Karnataka)
Tãrîkh-i-Firishta

Death , Women , Men , Children

“A huge dog, tied by a chain, was painted on the wall and over it was written in capital letters ‘Beware of the dog.”
Canis ingens, catena vinctus, in pariete erat pictus superque quadrata littera scriptum ‘Cave canem.’

Petronius book Satyricon

Sec. 29
Satyricon

Dogs , Painting

“I shall present a theory - which I call "the theory of the managerial revolution." During the past century, dozens, perhaps even hundreds, of "theories of history" have been elaborated. All of the theories, with the exception of those few which approximate to the theory of the managerial revolution, boil down to two and only two. The first of these predicts that capitalism will continue for an indefinite, but long, time, if not forever:' that is, that the major institutions of capitalist society, or at least most of them, will not be radically changed. The second predicts that capitalist society will be replaced by socialist society. The theory of the managerial revolution predicts that capitalist society will be replaced by "managerial society," that, in fact, the transition from capitalist society to managerial society is already well under way.”

James Burnham (1905–1987) American philosopher

Source: The Managerial Revolution, 1941, p. 7, as cited in: Albert Lepawsky (1949), Administration, p. 12-13

Way , History , Change , Time

“For years I have lived in the flats, rooms and garrets of this city, the drawers in the human filing-cabinets that stand in blank rows down the streets of Kensington and Notting Hill. Yet when I talk of home I think of that damp green valley near Stroud where I was brought up. The boys I went to school with have long since grown and fattened, got married and gone bald, and they would probably have to give me a very long look before they recognized me if I turned up there again. But that is my home, and the image of it the day I left it is still more real to me than long years in this crowded capital city.”

Laurie Lee (1914–1997) British writer

An Obstinate Exile, p. 43.
I Can't Stay Long (1975)

School , Home , Boy , Thinking

“The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods. In short we dislike it, and we are beginning to despise it. But when we wonder what to put in its place, we are extremely perplexed.”

John Maynard Keynes (1883–1946) British economist

National self-sufficiency (1933) http://www.panarchy.org/keynes/national.1933.html Section 3, republished in Collected Writings Vol. 11 (1982).

War , Beauty , Intelligence , Success

“We have to stop allowing economics to be used as a trump card. Capitalism is like math. It is amoral. It is good at producing wealth; it's bad at distributing wealth. Unless it operates within a moral framework it will produce an unjust society.”

Charley Reese (1937–2013) American journalist

Is Economics All There Is?, July 18, 2003

Wealth

“Socialism has typically been a nostalgic diatribe against underdeveloped capitalism, finding its eschatological soap-boxes amongst the relics of precapitalist territorialities.”

Nick Land (1962) British philosopher

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

Box

“The social Commons is where we generate the good will that allows a society to cohere as a cultural entity. Markets and governments are an extension of a people’s social identity. Without the continuous replenishment of social capital, there would be insufficient trust to enable markets and governments to function, yet we pejoratively categorize the social Commons as “the third sector” as if it were less important than markets or governments.”

Jeremy Rifkin (1945) American economist

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

People

“The best capital in the world, Mariana, is honesty.”

Girolamo Gigli (1660–1722) Italian dramaturge

Il Don Pilone (1711), Act I., Sc. IX.
Translation reported in Harbottle's Dictionary of quotations French and Italian (1904), p. 334.

World

“The functionaries of our political organizations and trade unions are corrupted — or rather tend to be corrupted — by the conditions of capitalism and betray a tendency to become bureaucrats, i. e., privileged persons divorced from the people and standing above the people.”

Vladimir Lenin book The State and Revolution

Ch. 6 http://www.marxists.org/archive/lenin/works/1917/staterev/ch06.htm
The State and Revolution (1917)

People , Personality

“When I ventured to criticise, the other day, this system I was, I am afraid, misunderstood. As a Conservative, I am naturally in favour of returning into private ownership and private management all those means of production and distribution which are now controlled by state capitalism. I am sure they will be more efficient. What I ventured to question was the using of these huge sums as if they were income.

I know now, I have learnt now from the letters that I have received, that I am quite out of date. Modern economists have decided there is no difference between capital and income. I am not so sure. In my younger days, I and perhaps others of your Lordships had friends, good friends, very good fellows indeed too, who failed to make this distinction. For a few years everything went on very well, and then at last the crash came, and they were forced to retire out to some dingy lodging-house in Boulogne, or if the estate were larger and the trustees more generous, to a decent accommodation at Baden-Baden.”

Harold Macmillan (1894–1986) British politician

Hansard, House of Lords, 5th series, vol. 468, cols. 390-1.
Speech in the House of Lords, 14 November 1985.
1980s

Question , Nature , Housing

“For the continuing worldwide oppression of class, nation and race, the incalculable waste and untold misery, the unending destruction and preparation for destruction and the permanent threat to democratic order that characterize the rule of capitalism in this, its most technically advanced, most "enlightened" and most materially wealthy era now threaten human survival itself. In the age of atomic weapons and intercontinental missiles, the predatory system of imperialist rivalry and global exploitation, of military intervention and counterrevolutionary war, faces mankind with the prospect of the ultimate barbarism.”

David Horowitz (1939) Neoconservative activist, writer

from the 1969 book Empire and Revolution.
1960s

War , Age

“Without need any longer of religious backing, capitalism may now have the power to shape people in its own image. Its conduct-forming spirit may be its own production. … Capitalism brings along with it, as part of its normal functioning, cultural forms affecting how subjects relate to themselves and to others. Capitalism has cultural concomitants—beliefs, values and norms—that help direct conduct—that get people to do willingly what capitalism requires of them—by encouraging them to see what they are doing and what they must do to get ahead as meaningful, valuable, or simply inevitable.”

Kathryn Tanner (1957) American theologian

"Christianity and the New Spirit of Capitalism" https://www.youtube.com/watch?v=yg6hztuaw2k&t=1002, Gifford Lecture, University of Edinburgh

People , Help , Parting

“If we left the EU, we would end this sterile debate, and we would have to recognise that most of our problems are not caused by “Bwussels”, but by chronic British short-termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure.”

Boris Johnson (1964) British politician, historian and journalist

Telegraph article http://www.telegraph.co.uk/news/politics/10052646/Quitting-the-EU-wont-solve-our-problems-says-Boris-Johnson.html (12 May 2013)
Peking university, Beijing (14 October 2013) Joint speech to students http://www.theguardian.com/politics/2013/oct/14/boris-johnson-charm-offensive-china
2010s, 2013

Problem

“Here in Europe we're very big on human rights, unless somebody claims the fundamental human right of free expression, and then we have a problem. Recently a Swedish politician was convicted of hate speech for correctly connecting mass Islamic immigration with the high level of rape in Sweden. … Mass Islamic immigration has turned Sweden from one of the world's safest countries for women into the rape capital of Europe. … Everybody in Sweden knows this is happening, but they pretend it isn't because they're so terrified of being called "Islamophobes" and racists, and with good reason. We've seen what happens to people in Sweden who won't embrace the official multiculti lie. They can expect to have their identities hacked, and to be publicly fingered for reprisals, which could mean being socially ostracised, losing their job, or being physically attacked by far-left thugs who feel entitled not only to smash the opinions of those they disagree with but to smash their skulls for holding those opinions, all in the name of tolerance, of course.”

Pat Condell (1949) Stand-up comedian, writer, and Internet personality

"Sweden Goes Insane" (19 May 2014) https://www.youtube.com/watch?v=o_znVnOizU8
2014

Women , Hate , People , Lie

“The Partition of Palestine is illegal. It will never be recognized …. Jerusalem was and will for ever be our capital. Eretz Israel will be restored to the people of Israel. All of it. And for Ever.”

Menachem Begin (1913–1992) Israeli politician and Prime Minister

Iron Wall, p. 25 & Simha Flapan, p. 32

People

“In advanced capitalism it expresses the fundamental contradiction between, on the one hand, the increasing socialisation of consumption, and on the other hand, the capitalist logic of the production and distribution of its means of consumption, the outcome of which is a deepening crisis in this sector at the same time as popular protest demands an amelioration of the collective material conditions of daily existence. In an attempt to resolve these contradictions and their resulting conflicts, the state increasingly intervenes in the city; but, as an expression of a class society, the state in practice acts according to the relations of force between classes and social groups, generally in favour of the hegemonic fraction of the dominant classes.”

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

Source: City, Class and Power, 1978, p. 3

Time

“From thence he advanced to Ujjain-Nagari and destroyed the idol-temple of Mahakal Diw. The effigy of Bikramjit who was sovereign of Ujjain-Nagari, and from whose reign to the present time one thousand, three hundred, and sixteen years have elapsed, and from whose reign they date the Hindui era, together with other effigies besides his, which were formed of molten brass, together with the stone (idol) of Mahakal were carried away to Delhi, the capital.”

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. 622-23

Time

“Capital in the hands of a national government forms a part of the gross national capital.”

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

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter III, p. 73

Parting

“For art, the intervention of capital always signals a further degree of mediation. To say that art is commodified is to say that a mediation, or standing-in-between, has occurred, & that this betweenness amounts to a split, & that this split amounts to "alienation". Improv music played by friends at home is less "alienated" than music played "live" at the Met, or music played through media (whether PBS or MTV or Walkman). In fact, an argument could be made that music distributed free or at cost on cassette via mail, is less alienated than live music played at some huge We Are The World spectacle or Las Vegas niteclub, even though the latter is live music played to a live audience (or at least so it appears), while the former is recorded music consumed by distant & even anonymous listeners.”

Hakim Bey (1945) American political writer, poet and essayist

Immediatism (AK Press: 1994)

World , Art , Music , Home

“Is democracy in crisis? This question is being posed with increasing urgency by some of the leading statesmen of the West, by columnists and scholars, and— if public opinion polls are to be trusted— even by the publics. In some respects, the mood of today is reminiscent of that of the early twenties, when the views of Oswald Spengler regarding "The Decline of the West" were highly popular. This pessimism is echoed, with obvious Schadenfreude, by various communist observers, who speak with growing confidence of "the general crisis of capitalism" and who see in it the confirmation of their own theories.”

Michel Crozier book The Crisis of Democracy

Source: The Crisis of Democracy, 1975, p. 4: Introduction note

Democracy , Confidence , Mood , Question

“Yet even here all these peoples have remained rooted in their sacred homelands for centuries. Though oppressed and colonized by outsiders, they have never been expelled en masse, and so the theme of restoration to the homeland has played little part in the conceptions of these peoples. There are, however, two peoples, apart from the Jews, for whom restoration of the homeland and commonwealth have been central: the Greeks and the Armenians, and together with the Jews, they constitute the archetypal Diaspora peoples, or what John Armstrong has called ‘mobilized diasporas° Unlike diasporas composed of recent mi migrant workers—Indians, Chinese and others in Southeast Asia, East Africa and the Caribbean— mobilized diasporas are of considerable antiquity, are generally polyglot and multi-skilled trading communities and have ancient, portable religious traditions. Greeks, Jews, and Armenians claimed an ancient homeland and kingdom, looked back nostalgically to a golden age or ages of great kings, saints, sages and poets, yearned to return to ancient capitals with sacred sites and buildings, took with them wherever they went their ancient scriptures, sacred scripts and separate liturgies, founded in every city congregations with churches, clergy and religious schools, traded across the Middle East and Europe using the networks of enclaves of their co-religionists to compete with other ethnic trading networks, and used their wealth, education and economic skills to offset their political powerlessness)”

Anthony D. Smith (1939–2016) British academic

Source: Myths and Memories of the Nation (1999), Chapter: Greeks, Armenians and Jews.

People , Age , Education , School

“Without attachment to anything beyond its own abysmal exuberance, capitalism identifies itself with desire to a degree that cannot imaginably be exceeded (…)”

Nick Land (1962) British philosopher

"Critique of Transcendental Miserablism" (2007), in Fanged Noumena, pp. 624–5

Imagination

“Hasan Nizami writes that after the suppression of a Hindu revolt at Kol (Aligarh) in 1193 AD, Aibak raised “three bastions as high as heaven with their heads, and their carcases became food for beasts of prey. The tract was freed from idols and idol-worship and the foundations of infidelism were destroyed.” In 1194 AD Aibak destroyed 27 Hindu temples at Delhi and built the Quwwat-ul-Islãm mosque with their debris. According to Nizami, Aibak “adorned it with the stones and gold obtained from the temples which had been demolished by elephants”. In 1195 AD the Mher tribe of Ajmer rose in revolt, and the Chaulukyas of Gujarat came to their assistance. Aibak had to invite re-inforcements from Ghazni before he could meet the challenge. In 1196 AD he advanced against Anahilwar Patan, the capital of Gujarat. Nizami writes that after Raja Karan was defeated and forced to flee, “fifty thousand infidels were despatched to hell by the sword” and “more than twenty thousand slaves, and cattle beyond all calculation fell into the hands of the victors”. The city was sacked, its temples demolished, and its palaces plundered. On his return to Ajmer, Aibak destroyed the Sanskrit College of Visaladeva, and laid the foundations of a mosque which came to be known as ADhãî Din kã JhoMpaDã. Conquest of Kalinjar in 1202 AD was Aibak’s crowning achievement. Nizami concludes: “The temples were converted into mosques… Fifty thousand men came under the collar of slavery and the plain became black as pitch with Hindus.””

Hasan Nizami Persian language poet and historian

Hasan Nizami, quoted from Goel, Sita Ram (2001). The story of Islamic imperialism in India. ISBN 9788185990231 Ch. 6

Men , Food , Hell

“Anarchism does not mean bloodshed; it does not mean robbery, arson, etc. These monstrosities are, on the contrary, the characteristic features of capitalism. Anarchism, or Socialism, means the re-organization of society upon scientific principles and the abolition of causes which produce vice and crime.”

August Spies (1855–1887) American upholsterer, radical labor activist, and newspaper editor

Spies (1887 cited in: Lucy Eldine Parsons, August Vincent Theodore Spies (1969) Famous Speeches of the Eight Chicago Anarchists. p. 22

“Capitalism without bankruptcy is like Christianity without hell.”

Frank Borman (1928) NASA astronaut

The Growing Bankruptcy Brigade, TIME magazine (18 October 1982) http://www.time.com/time/magazine/article/0,9171,949605,00.html

Hell

“We should not get scared about innovation. It makes us more efficient and frees up capital for our customers to reinvest in other things.”

Mark Hurd (1957–2019) American businessman, philanthropist and CEO of Oracle

Interview with Recode: "Oracle co-CEO Mark Hurd on Recode Decode" https://www.recode.net/2017/7/5/15917638/transcript-oracle-co-ceo-mark-hurd-onstage-cloud-computing-saas-on-recode-decode (05 July 2017)

“As late as 1947, Mao insisted that his program corresponded to that of Sun. Until December of that year, Mao insisted that his ‘new democracy’ would protect the ‘bourgeoisie’ and ‘their industry and commerce.’ Because of China’s backwardness, he would continue to support capitalist development and ensure that both public and private, capital and labor, interests would benefit from the revolution.”

A. James Gregor (1929–2019) American political scientist

Source: The Phoenix: Fascism in Our Time, (1999), p. 191, footnote 19

Democracy , Support , Sun

“The bourgeoisie first betrayed society through capitalism and finance, and now labor betrays it by embracing a scheme of things which sees profit only, not duty and honor, in work. This view will seem hopelessly unrealistic to those who do not admit that sentiment toward the whole is the only ultimate means of measuring value.”

Richard M. Weaver (1910–1963) American scholar

Source: Ideas have Consequences (1948), p. 75.

“Islam and globanalisation', or giving European and American space to Muslim names to denounce their own Islamic phantasms, is a new phase in the social manufacturing of domination -- using nominal Muslims against Islamic abstractions. This -- pitting lapsed Muslims against Islamic sensibilities -- is ultimately an exercise in futility. The fate of the globe, Europe included, is written elsewhere, somewhere between the lines of massive labour migration, on one side, and the global reconfiguration of the capital that systematically seeks to abuse it, on the other. The culture war this has occasioned in the meantime is a murderous nightmare for many, a lucrative pastime for some, a headache for others, and yet at the end an entirely negligible footnote to history.”

Hamid Dabashi (1951) American academic

Islam and Globanalisation http://weekly.ahram.org.eg/2006/787/cu4.htm Polish Translation. http://www.uni.wroc.pl/~turowski/dabashi.htm#note

Fate , War , Exercises , History

“A woman's health is her capital.”

Harriet Beecher Stowe (1811–1896) Abolitionist, author

Part 2, Ch. 5.
Household Papers and Stories (1864)

Health

“The wheat bought by a farmer to sow is comparatively a fixed capital to the wheat purchased by a baker to make into loaves.”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter I, Section IV, On Value, p. 19

“The problem is rather that many African states lack the capacity to establish the crucial conditions for capital accumulation and, additionally, act in economically irrational ways. This nondevelopmental or even antidevelopmental thrust is manifest in the mismanagement, inefficiency, and pervasive corruption of the public sector as well as political instability and the inability to prevent widespread evasion of laws and regulations.”

Richard Sandbrook (1946–2005) environmentalist

Source: The State and Economic Stagnation in Tropical Africa, p. 321

Law , Way , Problem

“I determined there was a great future in the mail-order business, and I landed a job that brought me to the head of a large department. About this time our daughter Joan was born.
Having a good job and every prospect for advancement, I decided to go into business for myself, with harrowing results. I had no capital when I started and less when I got through. At this time the mail-order company offered me an excellent position if I wanted to come back If I had accepted it, I would probably have been fixed for life with a good living salary. Yet the chances are that I would never have written a story, which proves that occasionally it is better to do the wrong thing than the right.
When my independent business sank without a trace, I approached as near financial nadir as one may reach. My son, Hulbert, had just been born. I had no job, and no money. I had to pawn Mrs, Burroughs' jewelry and my watch in order to buy food. I loathed poverty, and I should have liked to have put my hands on the man who said that poverty is an honorable estate. It is an indication of inefficiency and nothing more. There is nothing honorable or fine about it. To be poor is quite bad enough. But to be poor without hope … well, the only way to understand it is to be it.”

Edgar Rice Burroughs (1875–1950) American writer

How I Wrote the Tarzan Books (1929)

Life , Money , Food , Hope

“The fundamental truth about globalization — that it represents freedom for capital and unfreedom for labour — is especially clear where global migrants are concerned.”

David McNally (1953) Canadian political scientist

Source: Another World Is Possible : Globalization and Anti-capitalism (2002), Chapter 4, The Colour Of Money, p. 137

Truth , Freedom

“Let's consider first Hayek's claim that prices in free market capitalism do not give people what they morally deserve. Hayek's deepest economic insight was that the basic function of free market prices is informational. Free market prices send signals to producers as to where their products are most in demand (and to consumers as to the opportunity costs of their options). They reflect the sum total of the inherently dispersed information about the supply and demand of millions of distinct individuals for each product. Free market prices give us our only access to this information, and then only in aggregate form. This is why centralized economic planning is doomed to failure: there is no way to collect individualized supply and demand information in a single mind or planning agency, to use as a basis for setting prices. Free markets alone can effectively respond to this information.
It's a short step from this core insight about prices to their failure to track any coherent notion of moral desert. Claims of desert are essentially backward-looking. They aim to reward people for virtuous conduct that they undertook in the past. Free market prices are essentially forward-looking. Current prices send signals to producers as to where the demand is now, not where the demand was when individual producers decided on their production plans. Capitalism is an inherently dynamic economic system. It responds rapidly to changes in tastes, to new sources of supply, to new substitutes for old products. This is one of capitalism's great virtues. But this responsiveness leads to volatile prices. Consequently, capitalism is constantly pulling the rug out from underneath even the most thoughtful, foresightful, and prudent production plans of individual agents. However virtuous they were, by whatever standard of virtue one can name, individuals cannot count on their virtue being rewarded in the free market. For the function of the market isn't to reward people for past good behavior. It's to direct them toward producing for current demand, regardless of what they did in the past.
This isn't to say that virtue makes no difference to what returns one may expect for one's productive contributions. The exercise of prudence and foresight in laying out one's production and investment plans, and diligence in carrying them out, generally improves one's odds. But sheer dumb luck is also, ineradicably, a prominent factor determining free market returns. And nobody deserves what comes to them by sheer luck.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

People , Way , Behavior , Exercises

“Male privilege' is assuming one has the right to occupy any space or person by whatever means, with or without permission. It's a sense of entitlement that's unique to those who have been raised male in most cultures - it's notably absent in most girls and women. Male privilege is not something that's given to men in this culture; it's something that men take. It's not that women don't have the ability to have and wield this privilege; some do. It's that in most cases, this privilege is withheld from them culturally and emotionally. Male privilege is woven into all levels of the culture, from unearned higher wages to more opportunities in the workplace, from higher quality, less expensive clothing to better bathroom facilities. Male privilege extends into sexual harassment, rape, and war. Combine male privilege with capitalism (which rewards greed and acquisition) and the mass media (which, owned by capitalists, highlights only the reward of acquisition and makes invisible its penalties), and you have a juggernaut that needs stopping by any means. Male privilege is not the exclusive province of men; there are some few women who have a degree of this horrifying personality trait. Male privilege is, in a word, violence.”

Kate Bornstein (1948) American author, playwright, performance artist, and gender theorist

Source: Gender Outlaw: On Men, Women and the Rest of Us (1995), p. 108

Women , Men , War , Penalty

“The primary capital to be safeguarded and valued is man, the human person in his or her integrity”

Pope Benedict XVI (1927) 265th Pope of the Catholic Church

2009, Cartias in Vertitate (29 June 2009)

Personality

“The destruction of the natural world is not the result of global capitalism, industrialisation, 'Western civilisation' or any flaw in human institutions. It is a consequence of the evolutionary success of an exceptionally rapacious primate. Throughout all of history and prehistory, human advance has coincided with ecological devastation.”

John Gray book Straw Dogs: Thoughts on Humans and Other Animals

The Human: Disseminated Primatemaia (p. 7)
Straw Dogs: Thoughts on Humans and Other Animals (2002)

World , History , Nature , Success

“Even when labor is subjugated by capital it always necessarily maintains its own autonomy, and this ever more clearly true today with respect to the new immaterial, cooperative and collaborative forms of labor. This relationship is not isolated to the economic terrain but, as we will argue later, spills over into the biopolitical terrain of society as a hole, including military conflicts. In any case, we should recognize here that even in asymmetrical conflicts victory in terms of complete domination is not possible. All that can be achieved is a provisional and limited maintenance of control and order that must constantly be policed and preserved. Counterinsurgency is a full-time job.”

Antonio Negri book Multitude: War and Democracy in the Age of Empire

54
Multitude: War and Democracy in the Age of Empire

Time , Victory

“The prophecy of Professor Yeshayahu Leibovitz, that the occupation would corrupt us through and through and turn us into a people of exploiters and secret-service-men, has come awfully true. Nothing has remained of the "beautiful Eretz Israel " but a cloying nostalgia, of which Naomi Shemer was a standard-bearer. A small and gallant state, progressive and (relatively) egalitarian, respected by the world, has become an occupying and looting state, hostage to delirious settlers, full of internal violence and "swinish capitalism" (a phrase coined by Shimon Peres, one of those most responsible for this situation). Throughout the world, the idea of boycotting Israel is gaining ground.”

Uri Avnery (1923–2018) Israeli writer

Death of a Myth (May 12, 2005)

Men , People , Secret , World

“The inescapable conclusion is that the direct contribution of man-hours and capital accumulation would hardly account for more than a tenth of the rate of growth in per capita product — and probably less. The large remainder must be assigned to an increase in efficiency in the productive resources, or the effects of changing arrangements, or to the impact of technological change, or to all three”

Simon Kuznets (1901–1985) economist

Source: Modern economic growth,(1966), p. 81

Change

“for price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXIV, The Rent of Land, p. 220

“Socialism, communism, collectivism, philosophical anarchism, which promised paradise on earth for every male, cut off the few avenues of escape which capitalism had opened to the woman, and she saw before her only the future reserved for machine-made, collectivist females.”

Henry Adams (1838–1918) journalist, historian, academic, novelist

The Education of Henry Adams (1907)

Communication , Future

“I am not primarily an advocate of capitalism, but of egoism; and I am not primarily an advocate of egoism, but of reason. If one recognizes the supremacy of reason and applies it consistently, all the rest follows.”

Ayn Rand (1905–1982) Russian-American novelist and philosopher

Introducing Objectivism. The Objectivist Newsletter, Vol. 1, No. 8. August, 1962. p. 35.

“All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.”

Michael Lewis book The Big Short

Epilogue, Everything Is Correlated, p. 258
The Big Short (2010)

People

“Weapons for what? (¿Armas, para qué?) To fight against whom? Against the revolutionary government, that has the support of the whole people? … Weapons for what? Hiding weapons for what? To blackmail the President of the Republic? To threaten to break the peace here? To create organizations of gangsters? Is it that we are going to return to gangsterism? Is it that we will return to daily shootouts in the capital? Weapons for what?”

Fidel Castro (1926–2016) former First Secretary of the Communist Party and President of Cuba

Speech in Havana (8 January 1959) http://www.cuba.cu/gobierno/discursos/1959/esp/f080159e.html

People , Peace , Support , Fight

“But the problem is that the boundaries of tax havens themselves can become very blurred. London is an international financial system that sees trillions of dollars from all over the world go through it each year, and that offers the most sought after financial services. This alone would be enough to make this city a desired anchorage for those looking to launder and reinvest unlawful funds. But there is more; besides this, the British capital is at the heart of the world’s most important offshore system.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

World , Problem , Heart

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 2-3

Age , Success

“In the affluent world we have had capitalism in one form or another for a couple of centuries. That is how countries of the West became "the affluent world." Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating preosperity.”

Johan Norberg book In Defense of Global Capitalism

In Defense of Global Capitalism

People , World , Country

“A religion may be discerned in capitalism—that is to say, capitalism serves essentially to allay the same anxieties, torments, and disturbances to which the so-called religions offered answers.”

Walter Benjamin book Capitalism as Religion

Im Kapitalismus ist eine Religion zu erblicken, d.h. der Kapitalismus dient essentiell der Befriedigung derselben Sorgen, Qualen, Unruhen, auf die ehemals die so genannten Religionen Antwort gaben.
Translated by Rodney Livingstone in Walter Benjamin: Selected Writings, Volume 1 (Harvard: 1996)
Capitalism as Religion (1921)

Religion

“The university immediately published my pamphlet, and it was sent to ﬁfty People’s Commissariats. It was distributed only in the Soviet Union, since in the days just before the start of the World War it came out in an edition of one thousand copies in all.
Soviet Union, since in the days just before the start of the World War it came out in an edition of one thousand copies in all. The number of responses was not very large. There was quite an interesting reference from the People’s Commissariat of Transportation in which some optimization problems directed at decreasing the mileage of wagons was considered, and a good review of the pamphlet appeared in the journal "The Timber Industry."
At the beginning of 1940 I published a purely mathematical version of this work in Doklady Akad. Nauk [76], expressed in terms of functional analysis and algebra. However, I did not even put in it a reference to my published pamphlet—taking into account the circumstances I did not want my practical work to be used outside the country
In the spring of 1939 I gave some more reports—at the Polytechnic Institute and the House of Scientists, but several times met with the objection that the work used mathematical methods, and in the West the mathematical school in economics was an anti-Marxist school and mathematics in economics was a means for apologists of capitalism. This forced me when writing a pamphlet to avoid the term "economic" as much as possible and talk about the organization and planning of production; the role and meaning of the Lagrange multipliers had to be given somewhere in the outskirts of the second appendix and in the semi Aesopian language.”

Leonid Kantorovich (1912–1986) Russian mathematician

L.V. Kantorovich (1996) Descriptive Theory of Sets and Functions. p. 41; As cited in: K. Aardal, ‎George L. Nemhauser, ‎R. Weismantel (2005) Handbooks in Operations Research and Management Science, p. 19-20

War , People , World , School

Quotes about capital page 5

Quotes about capital
page 5