Quotes about capital
page 8

Joan Robinson photo
John Maynard Keynes photo

“Capitalism is “the astonishing belief that the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.””

John Maynard Keynes (1883–1946) British economist

Attributed by Sir George Schuster, Christianity and human relations in industry (1951), p. 109
Recent variant: Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
As quoted in Moving Forward: Programme for a Participatory Economy (2000) by Michael Albert, p. 128
Attributed

Nelson Mandela photo
Shah Jahan photo
David Harvey photo

“Money must exist before it can be turned into capital.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 3, Production, Consumption and Surplus Value, p. 95

“The most significant feature of our histories, however, is the religious zeal felt or exhibited by the swordsmen of Islam before and after the “infidels” who resisted “were sent to hell”, the Brahmans massacred or molested or expelled, idols desecrated, temples demolished, and mosques raised in their stead. The prophet of Islam appears in a dream and bids a sultãn to start on the “holy expedition”, leaving no doubt that the “victory of religion” was assured. Amîr Khusrû was very eloquent about the transformation that was taking place. When the hordes of Alãu’d-Dîn Khaljî sacked the temple of Somnath, he exulted, “The sword of Islãm purified the land as the Sun purifies the earth.” His enthusiasm broke all bounds when the same hordes swept over South India: “The tongue of the sword of the Khalifa of the time, which is the tongue of the flame of Islãm, has imparted light to the entire darkness of Hindustãn by the illumination of its guidance… and several capitals of the gods of the Hindus in which Satanism had prevailed since the time of Jinns, have been demolished. All these impurities of infidelity have been cleansed by the Sultãn’s destruction of idol-temples, beginning with his first expedition to Deogîr, so that the flames of the fight of the law illumine all these unholy countries… God be praised!” One wonders whether the poet of Islam is being honoured or slandered when he is presented in our own times as the pioneer of Secularism. Or, perhaps, Secularism in India has a meaning deeper than that we find in the dictionaries or dissertations on political science. We may not be much mistaken if, seeing its studied exercise in blackening everything Hindu and whitewashing everything Islamic, we suspect that this Secularism is nothing more than the good old doctrine of Islam in disguise.”

Sita Ram Goel (1921–2003) Indian activist

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

Niall Ferguson photo
Thomas Jefferson photo
Nick Zedd photo
Ernesto Che Guevara photo
Vladimir Lenin photo

“Under the old type of capitalism, when free competition prevailed, the export of goods was the most typical feature. Under modern capitalism, when monopolies prevail, the exporter of capital has become the typical feature.”

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

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Four, "The Export of Capital"

Terry Eagleton photo

“You can tell that the capitalist system is in trouble when people start talking about capitalism.”

Terry Eagleton (1943) British writer, academic and educator

Preface, p. xi
2010s, Why Marx Was Right (2011)

Freeman Dyson photo
David Harvey photo

“But the net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 5, Organization of Capitalist Production, p. 146

Adolf Hitler photo

“It is already war history how the German Armies defeated the legions of capitalism and plutocracy. After forty-five days this campaign in the West was equally and emphatically terminated.”

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

Berlin: Hitler’s Order of the Day Calling for Invasion of Yugoslovia and Greece http://www.jewishvirtuallibrary.org/adolf-hitler-order-of-the-day-calling-for-invasion-of-yugoslovia-and-greece-april-1941 (April 6, 1941)
1940s

Sima Qian photo
Vladimir Lenin photo
Vladimir Lenin photo
Benjamin Ricketson Tucker photo
William Stanley Jevons photo
Hugo Chávez photo

“I am convinced that the path to a new, better and possible world is not capitalism, the path is socialism.”

Hugo Chávez (1954–2013) 48th President of Venezuela

Hugo Chávez in March 2005 http://www.handsoffvenezuela.org/chavez_opposition_capitalism.htm
2005

Wang Wei photo
Hans Haacke photo

“I chose to paint because the medium as such has a particular meaning. It is almost synonymous with what is popularly viewed as Art - art with a capital A-with all the glory, the piety, and the authority that it commands.”

Hans Haacke (1936) conceptual political artist

1980s
Source: Bois,Yve-Alain, Douglas Crimp, and Rosalind Krauss. " A Conversation with Hans Haacke http://www.kim-cohen.com/artmusictheoryassets/artmusictheorytexts/Haacke_Interview.PDF." in: October : The First Decade 30 (fall 1984): 23-48

Mark Steyn photo
Niall Ferguson photo
Adam Smith photo
Paul Karl Feyerabend photo

“It's depressing to realize how few of the teams in our lives use their human capital and opportunities well, when it comes to sustaining performance, innovating, or adapting. That's true whether we're talking about families, sports, projects, management, or research.”

Richard Boyatzis (1946) American business theorist

Boyatzis (2012) " The Resonant Team Leader http://blogs.hbr.org/cs/2012/04/the_resonant_team_leader.html" at HBR Blog Network, April 13, 2012.

Leo Tolstoy photo
Alfred de Zayas photo
Gregory Benford photo
Roger Ebert photo

“I was noodling around Rotten Tomatoes, trying to determine who played the bank's security chief, and noticed the movie had not yet been reviewed by anybody. Hold on! In the "Forum" section for this movie, "islandhome" wrote at 7:58 a. m. Jan. 8: "review of this movie … tonight i'll post." At 11:19 a. m. Jan. 10, "islandhome" was finally back with the promised review. It is written without capital letters, flush left like a poem, and I quote it verbatim, spelling and all:
:hello sorry i slept when i got back
:well it was kinda fun
:it could never happen in the way it was portraid
:but what ever its a movie
:for the girls most will like it
:and the men will not mind it much
:i thought it was going to be kinda like how to beat the high cost of living
:kinda the same them but not as much fun
:ill give it a 4 0ut of 10
I read this twice, three times. I had been testing out various first sentences for my own review, but somehow the purity and directness of islandhome's review undercut me. It is so final. "for the girls most will like it/and the men will not mind it much."”

Roger Ebert (1942–2013) American film critic, author, journalist, and TV presenter

How can you improve on that? It's worthy of Charles Bukowski. ...The bottom line is some girls will like it, the men not so much, and I give it 1½ stars out of 4.
Review http://www.rogerebert.com/reviews/mad-money-2008 of Mad Money (17 January 2008)
Reviews, One-and-a-half star reviews

Will Eisner photo
Dirk Helbing photo
Steve Keen photo

“If a 19th century capitalist Machiavelli had wished to cripple the socialist intelligentsia of the 20th century, he could have invented no more cogent weapon than the labour theory of value. Yet this theory was the invention, not of a defender of capitalism, but of its greatest critic: Karl Marx.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 13, Nothing To Lose But Their Minds, p. 270–271 (See also: Adam Smith, Wealth of Nations, Book I, Chapter VI, p. 58)

Talib Kweli photo
Henry J. Heinz photo

“It is neither capital nor labor but management that brings success, since management will attract capital, and capital can employ labor.”

Henry J. Heinz (1844–1919) American businessman

Henry J. Heinz, cited in: John Woolf Jordan (1915). Genealogical and Personal History of Western Pennsylvania. p. 38

John Pilger photo
Vladimir Lenin photo
Anton Chekhov photo
Henry Mintzberg photo
Jeffrey Tucker photo

“Capitalism might be defined, if we wish to be scientific, as a form of economic organization motivated by the pursuit of profit within a price structure.”

Carroll Quigley (1910–1977) American historian

Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 8, Canaanite and Minooan Civilizations, p. 240

David Horowitz photo

“More than ever before, for humanity to live under capitalism, is to live on borrowed time.”

David Horowitz (1939) Neoconservative activist, writer

from the 1969 book Empire and Revolution.
1960s

David Harvey photo

“The accumulation of capital and misery go hand in hand, concentrated in space.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 13, Crisis In The Space Economy Of Capitalism, p. 418

Theresa May photo

“Some Tories have tried to make political capital by demonising minorities instead of showing confidence in all the citizens of our country.”

Theresa May (1956) Prime Minister of the United Kingdom

Speech to the Conservative Party conference http://www.theguardian.com/politics/2002/oct/07/conservatives2002.conservatives1 (07 October 2002)

Sueton photo

“Aware that the city was architecturally unworthy of her position as capital of the Roman Empire, besides being vulnerable to fire and river floods, Augustus so improved her appearance that he could justifiably boast: "I found Rome built of bricks; I leave her clothed in marble."”
Urbem neque pro maiestate imperii ornatam et inundationibus incendiisque obnoxiam excoluit adeo, ut iure sit gloriatus marmoream se relinquere, quam latericiam accepisset.

Source: The Twelve Caesars, Augustus, Ch. 28

Yuval Noah Harari photo
Christopher Walken photo
Alex Salmond photo
Anton Chekhov photo

“To describe drunkenness for the colorful vocabulary is rather cynical. There is nothing easier than to capitalize on drunkards.”

Anton Chekhov (1860–1904) Russian dramatist, author and physician

Letter to N.A. Leikin (December 24, 1886)
Letters

Max Weber photo
Thomas Carlyle photo
Erich Ludendorff photo
Jay Gould photo
George Mason photo
John Hicks photo
Eugene V. Debs photo
George William Foote photo
Peter Cain photo

“The Chinese economy would be brutally transformed into the mightiest manufacturing nation based on western capital and on an abundance of cheap, highly submissive labour.”

Peter Cain (1958) figure skater

Source: J. A. Hobson's Imperialism: A Study: A Centennial Retrospective (2002), p. 10.

Ernesto Che Guevara photo
David D. Friedman photo
Alfred De Vigny photo

“The soldier's lot is the most melancholy relic of barbarism (next to capital punishment) that lingers on among mankind.”

L'existence du Soldat est (après la peine de mort) la trace la plus douloureuse de barbarie qui subsiste parmi les hommes.
Servitude et grandeur militaires; (ed.) Paul Viallaneix Oeuvres complètes, (1965) p. 358; translation from Humphrey Hare (trans.) The Military Necessity (1953) p. 17. (1835).

Adam Smith photo

“No fixed capital can yield any revenue but by means of a circulating capital.”

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

Source: (1776), Book II, Chapter I, p. 311.

“A company's success no longer depends primarily on its ability to raise investment capital. Success depends on the ability of its people to learn together and produce new ideas”

Arie de Geus (1930) Dutch businessman

Arie de Geus, in: " Arie de Geus: The Thought Leader http://www.strategy-business.com/article/17421?gko=cedb2," in: Strategy & Business. April 1, 2001, Nr 22-25. p. 26

Henry George photo
Gottfried Feder photo
Joan Robinson photo
David Graeber photo

“One might even say that it's one of the scandals of capitalism that most capitalist firms, internally, operate communistically.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Five, "A Brief Treatise on the Moral Grounds of Moral Relations", p. 96

Ernesto Che Guevara photo
Mark Steyn photo

“Entrepreneurs often are organizational products… The capital required, human resources, space, information, permits and licenses are all provided, perhaps grudgingly, by existing organizations.”

John H. Freeman (1944–2008) (1944-2008) US-American sociologist and organizational theorist

John H. Freeman, "Entrepreneurs as Organizational Products: Semiconductor Firms and Venture Capital Firms," Advances in the Study of Entrepreneurship, Innovation, and Economic Growth, 1 (1986): 33-52

Edward Heath photo

“It is the unpleasant and unacceptable face of capitalism, but one should not suggest that the whole of British industry consists of practices of this kind.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Speech in the House of Commons (15 May 1973) http://hansard.millbanksystems.com/commons/1973/may/15/cbi-and-tuc-talks
Prime Minister

Vladimir Lenin photo
Heinrich Himmler photo
Ron Paul photo

“Question: …you believe the Fed shouldn't exist… make the case.
Ron Paul: First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you can't have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be…
Question: How does the gold standard solves that?
Ron Paul: It maintains a stable currency and a stable value. If the Fed concentrated more on stable money rather than stable prices… They push up new money in stocks and in commodities and in houses, and then they have to come in to rescue the situation. They create the bubbles, then they come in and rescue it, and they do nothing more than try to do price fixing. Capitalism depends, and capital comes from savings, but there's no savings in this country, so this is all artificial. It creates the misdirection and the malinvestment and all the excessive debt, and it always has to have a correction. Since the Fed has been in existence, the dollar has lost about 97% of its value. You're supposed to encourage savings, but if something loses its value, why save dollars? There's no encouragement whatsoever. […] Gold is 6000 years old, and it still maintains its purchasing power. Oil prices really are very stable in terms of Gold. […] Both conservatives and liberals want to enhance big government, and this is a seductive way to tax the middle class.”

Ron Paul (1935) American politician and physician

CNBC debate with Faiz Shakir, March 20, 2008 http://www.youtube.com/watch?v=k94VWPjUQSM
2000s, 2006-2009

Fidel Castro photo
Robert Doyle photo

“I am never going to make another comment about another capital city, I promise you, I promise you that.”

Robert Doyle (1953) Australian politician

News.com.au http://www.news.com.au/mayor-surprised-adelaide-has-tv/story-0-1225699598081

Will Rogers photo

“I am not so much concerned with the return on capital as I am with the return of capital.”

Will Rogers (1879–1935) American humorist and entertainer

The Prudent Professor: Planning and Saving for a Worry-Free Retirement (2011) by Edwin M. Bridges, Brian D. Bridges;
Forbes Guide to the Markets: Becoming a Savvy Investor (2009) by Forbes, LLC, Marc M. Groz
The National Underwriter, Volume 45 (1941), p. 12: "As Eddie Cantor put it years ago, after getting burned in the stock market, the life insurance policyholder is more interested in the return of his money than in the return on it."
Misattributed

Anthony Eden photo
William Stanley Jevons photo
George W. Bush photo

“Earn capital to spend capital.”

George W. Bush (1946) 43rd President of the United States

Presidential Leadership speech http://www.c-span.org/video/?326958-1/presidents-clinton-george-w-bush-leadership (9 July 2015)
2010s, 2015

John Kenneth Galbraith photo

“Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.”

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

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