Quotes about capitalism
page 12

“Keynes’s design was in favour of the liberalization of the economy and the capital’s transfers, for the main purpose of monetary stability. To avoid devaluation of currencies - a practice followed by governments in order to sustain their export - Lord Keynes planned to introduce “Bancor”, a money of account to be accepted by all countries in international exchanges. The international body to be organized would get interests both from debtor and creditor countries, in order to finance the balance of payments system”

Nico Perrone (1935) Italian historian and writer

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

Money, Country

“Yes, from the Right we shall take nationalism, which has so disastrously allied itself with capitalism, and from the Left we shall take Socialism, which has made such an unhappy union with internationalism. Thus we shall form the National-Socialism which will be the motive force of a new Germany and a new Europe.”

Gregor Strasser (1892–1934) German politician, rival of Adolf Hitler inside the Nazi Psrty

As quoted in Hitler and I, Otto Stresser, Boston: MA, Houghton Mifflin Company (1940) p. 9

Motivation

“Capitalism—at least as Sanders & Co. understand it—is not fulfilling. It doesn’t provide a sense of meaning and solidarity. It rewards—in their minds—the few and punishes the many. There must be a better, more humane way, in which we’re all in it together and sacrifice is shared. The word “social” comes from the Latin socii, meaning allies. People want to feel that they are allied with one another, fighting toward a common goal together for the good of the tribe, marching to the same drumbeats. This is innate in us. Our tribal brains crave social solidarity every bit as much as our palates crave foods that are sweet, fatty, or salty. We can train ourselves to resist the cravings or channel them toward productive ends. But very few of us can eliminate the craving itself.”

Jonah Goldberg (1969) American political writer and pundit

2010s, 2018, Socialism is So Hot Right Now (2018)

People, Food, Way, Feeling

“The so-called communism of capital, that is, its drive toward an ever more extensive socialization of labor, points ambiguously toward the communism of the multitude.”

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

Multitude: War and Democracy in the Age of Empire

Communication

“Grandstanding leaders never deliver, their fury mounts and mounts, and nevertheless they turn out every two years to return their right-wing heroes to office for a second, a third, a twentieth try. The trick never ages; the illusion never wears off. Vote to stop abortion; receive a rollback in capital gains taxes. Vote to make our country strong again; receive deindustrialization. Vote to screw those politically correct college professors; receive electricity deregulation. Vote to get government off our backs; receive conglomeration and monopoly everywhere from media to meatpacking. Vote to stand tall against terrorists; receive Social Security privatization. Vote to strike a blow against elitism; receive a social order in which wealth is more concentrated then ever before in our lifetimes, in which workers have been stripped of power and CEOs are rewarded in a manner beyond imagining.”

Thomas Frank book What's the Matter with Kansas?

Ibid. (p. 7).
What's the Matter with Kansas? (2004)

Age, Imagination, Strong, Country

“Hey, does anybody notice this crazy thing that we're on the road to socialism? I'm just saying. Wow. We got — we got the SCHIPs thing going for us. That's great. There is the change that we were all hoping for, really, seriously. Hey, I got an idea. If we're going down the road to socialism, I mean, why not really go for it, huh? Comrades, good news from the western front, our glorious revolution is starting to take hold. Oh, the revolution of change. Our fearless leader has just signed in SCHIPs, and earlier today, he spoke out against capitalism. Listen up.”

Glenn Beck (1964) U.S. talk radio and television host

Glenn Beck
Television
Fox News
2009-02-05
Glenn Beck : The Road To Socialism
2009-02-05
MonkeyCrash
http://monkeycrash.com/2009/02/05/glenn-beck-the-road-to-socialism/
on the State Children's Health Insurance Program bill signed by President Obama on 2009-02-04
2000s, 2009

Hope, Idea, Change

“I was particularly struck in this context by my honourable Friend, Mr K. S. Lo's concern at the decline in the enamelware industry as an example of the effect of lost advantages, as if this decline were a loss rather than a gain to the community. It has declined, I believe, because we have learned to use our resources of enterprise, capital and labour in other more profitable directions. That is progress. We would be in a sorry way if enamelware was still our fourth biggest industry.”

John James Cowperthwaite (1915–2006) British colonial administrator

October 9, 1970, page 114.
Official Report of Proceedings of the Hong Kong Legislative Council

Way, Communication, Learning, Loss

“The widespread assumption that big business and big government are fundamentally at odds, and that big business supports a free market, serves to maintain the ruling partnership in power; indeed, ‘vulgar liberalism’ and ‘vulgar libertarianism’ (in Carson’s sense) represent the dominant ideologies of the establishment left and establishment right, respectively. The establishment left disguises its government intervention on behalf of the rich as government intervention on behalf of the poor, while the right disguises its government intervention on behalf of the rich as an opposition to government intervention per se – and each side has an interest in maintaining the myth propagated by its nominal opponent. For those who are repelled by the realities of corporate capitalism are lured into becoming opponents of the free market and foot soldiers for the left wing of the ruling class, while those who are attracted by free-market ideals are lured into becoming defenders of corporate capitalism and foot soldiers for the right wing of the ruling class. Either way, the partnership as a whole has its power reinforced.”

Roderick Long (1964) American philosopher

Source: "Left-libertarianism, market anarchism, class conflict and historical theories of distributive justice" (2012), p. 422

Way, Business, Support, Reality

“I leave Bud Fox in the canyons of Wall Street, just another ant, one of millions of ants…. We’re all absorbed in this system of capitalism…. You join the collective unconscious.”

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

Wall Street DVD Director’s Commentary (2000)

“Well, they have the education system. They have the media. They have the capitalist system. What do you think the Tides Foundation was? They infiltrate and they saw under Ronald Reagan that capitalists were not for all of this nonsense, so they infiltrated. Now, they are using failing capitalism to destroy it.”

Glenn Beck (1964) U.S. talk radio and television host

Glenn Beck
Television
Fox News
2010-07-13
00:11:14
Gertz
Matt
The CA cop shooter and Glenn Beck: Here's what we know
2010-07-23
Media Matters for America
http://mediamatters.org/blog/201007230022
on the Tides Center
2010s, 2010

Education, Thinking

“It was only in November, 1933, that Mussolini became convinced that the crisis that had beset capitalism for four years was not a crisis within the system, but a crisis of the system. It was on this occasion that he spoke of ‘the complete organic and totalitarian regulation of production’ a ‘regulated’ and ‘controlled; economy—a ‘burial’ of capitalism.”

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

Source: The Ideology of Fascism: The Rationale of Totalitarianism, (1969), p. 294

“Justice, under capitalism, works not from a notion of obedience to moral law, or to conscience, or to compassion, but from the assumption of a duty to preserve a social order and the legal “rights” that constitute that order, especially the just which preserves the system of justice even if the system is itself routinely unjust.”

Curtis White (1951) American academic

"The spirit of disobedience: an invitation to resistance"

Justice, Law

“When the blessed canopy had been fixed about a mile from the gate of Arangal, the tents around the fort were pitched together so closely that the head of a needle could not go between them' Orders were issued that every man should erect behind his own tent a kathgar, that is wooden defence. The trees were cut with axes and felled, notwithstanding their groans; and the Hindus, who worship trees, could not at that time come to the rescue of their idols, so that every cursed tree which was in that capital of idolatry was cut down to the roots'….
'During the attack, the catapults were busily plied on both sides' 'Praise be to God for his exaltation of the religion of Muhammad. It is not to be doubted that stones are worshipped by Gabrs,74 but as the stones did no service to them, they only bore to heaven the futility of that worship, and at the same time prostrated their devotees upon earth”

Alauddin Khalji (1266–1316) Ruler of the Khalji dynasty

Elliot and Dowson, Vol. III : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 81-83
Quotes from The History of India as told by its own Historians

God, Religion, Tree, Time

“Capital must work, as it were, in concert with industry; and this concurrence is what I call the productive agency of 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

“Hundreds of thousands and millions of wage slaves of capital and peasants downtrodden by the serf-owners are going to the slaughter for the dynastic interests of a handful of crowned brigands, for the profits of the bourgeoisie in its drive to plunder foreign lands.”

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

Collected Works, Vol. 41.
Collected Works

“There is no capital more useful than intellect and wisdom, and there is no indigence more injurious than ignorance and unawareness.
Ibn Shu’ba al-Harrani, Tuhaf al-'Uqul, p. 198”

Ali (601–661) cousin and son-in-law of the Islamic prophet Muhammad

Variant translation: There is no wealth like knowledge, no poverty like ignorance
Regarding Knowledge & Wisdom, General

Wisdom

“Privatization is a neoliberal and imperialist plan. Health can’t be privatized because it is a fundamental human right, nor can education, water, electricity and other public services. They can’t be surrendered to private capital that denies the people from their rights.”

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

Hugo Chávez during his closing speech at the World Social Forum in Porto Alegre, Brazil. January 31, 2005. http://www.venezuelanalysis.com/news.php?newsno=1486 2005

People, Health, Education, Water

“The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.”

Jim Stanford (1961) Canadian economist

Part 5, Chapter 25, Evaluating Capitalism, p. 314
Economics For Everyone (2008)

“Bearing in mind that “the market” is not an invention of capitalism but that it has existed for thousands of years in many different societies, social justice logically requires that the profits resulting from the operation of markets and infrastructures created by society be equitably shared within societies and in a larger context within the human family.”

Alfred de Zayas (1947) American United Nations official

Interim report of the Independent Expert on the promotion of a democratic and equitable international order, Alfred Maurice de Zayas http://www.ohchr.org/Documents/Issues/IntOrder/A.67.277_en.pdf. 2012

Family, Justice

“…another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation. These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production. The only element of production they are concerned with is the one they can control: capital.”

Carroll Quigley (1910–1977) American historian

Oscar Iden Lecture Series, Lecture 3: "The State of Individuals" (1976)

World

“[The communist state has thus far proved itself a] brutal, blunt, and fumbling instrument, [while elsewhere capitalism has been evolving its own”

Adolf A. Berle (1895–1971) American diplomat

Source: The 20th century capitalist revolution. 1954, p. 24; as cited in : Louis Prashker, "The 20th Century Capitalist Revolution (Book Review)." in: St. John's Law Review: Vol. 29: Iss. 1, (1954), p. 178-181

“The statement that cartels can abolish crises is a fable spread by bourgeois economists who at all costs desire to place capitalism in a favorable light. On the contrary, when monopoly appears in certain branches of industry, it increases and intensifies the anarchy inherent in capitalist production as a whole.”

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

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter One

Light, Appearance

“The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.”

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

Source: The Age of Uncertainty (1977), Chapter 2, p. 75

Fraud

“Suppose that a cask of new wine, which cost £50, is put into a cellar, and that, at the end of twelve months, it is worth £55, the question is: Should the £5 of additional value, given to the wine, be considered as a compensation for the time the £50 worth of capital has been locked up, or should it be considered as the value of additional labour actually laid out in the wine?”

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

Source: The principles of political economy, 1825, p. 313; About the question to consider profit or interest

Question, Wine, Time

“Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments conducive to job creation. Liberals call this a "race to the bottom."”

George Will (1941) American newspaper columnist, journalist, and author

Conservatives call it a race to rationality. Column, February 18, 2014, "Breaking the grip of the unions" http://www.washingtonpost.com/opinions/george-f-will-breaking-the-grip-of-the-unions/2014/02/18/39beb794-98d4-11e3-b88d-f36c07223d88_story.html at washingtonpost.com. 2010s

“Capitalism, gaudy and greedy, has been inherent in western aesthetics from ancient Egypt on. It is the mysticism and glamour of things, which take on a personality of their own. As an economic system, it is in the Darwinian line of Sade, not Rousseau.”

Camille Paglia (1947) American writer

Source: Sexual Personae: Art and Decadence from Nefertiti to Emily Dickinson (1990), p. 37

Personality

“It is a self-evident truth that in a healthy community there is no place for the vicious, the weak of body, the shiftless, or the improvident. As Professor Sumner, of Yale, asserts in his book. The Forgotten Man, 'Every part of capital which is wasted on the vicious, the idle, and the shiftless, is so much taken from the capital available to reward the independent and productive laborer.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Whose Country Is This? (1921)

Truth, Books, Communication, Parting

“The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.”

Ian Bremmer (1969) American political scientist

"State Capitalism Comes of Age," http://www.foreignaffairs.com/articles/64948/ian-bremmer/state-capitalism-comes-of-age Foreign Affairs (May/June 2009).

“If the existence of bullshit jobs seems to defy the logic of capitalism, one possible reason for their proliferation might be that the existing system isn’t capitalism—or at least, isn’t any sort of capitalism that would be recognizable from the works of Adam Smith, Karl Marx, or, for that matter, Ludwig von Mises or Milton Friedman.”

David Graeber book Bullshit Jobs

Bullshit Jobs: A Theory (2018)

“It was natural that idealistic people who had ceased to believe in heaven should think up some bright hope for humanity on earth. That, I think, more than any objection to "capitalism", accounts for the spread of the socialist dream, especially in Anglo-Saxon countries.”

Max Eastman (1883–1969) American activist

Source: Reflections on the Failure of Socialism (1955), p. 45

People, Dreams, Hope, Nature

“To speak of 'limits to growth' under a capitalistic market economy is as meaningless as to speak of limits of warfare under a warrior society. The moral pieties, that are voiced today by many well-meaning environmentalists, are as naive as the moral pieties of multinationals are manipulative. Capitalism can no more be 'persuaded' to limit growth than a human being can be 'persuaded' to stop breathing. Attempts to 'green' capitalism, to make it 'ecological', are doomed by the very nature of the system as a system of endless growth.”

Murray Bookchin (1921–2006) American libertarian socialist author, orator, and philosopher

Remaking Society (1990).

Nature

“I may not be as unambiguously hostile to capitalism as many people are, but what I don't like about it is the commodification of personal experiences, it turns everyone into actors.”

John Gray (1948) British philosopher

Quoted in Will Self, "John Gray: Forget everything you know," http://web.archive.org/web/20080403080859/http://www.independent.co.uk/news/people/john-gray-forget-everything-you-know-641878.html The Independent (2002-09-03)

Hostility, People, Personality

“Göring industrial empire represented, in this sense, one of the major steps towards restricting private industrial capitalism and substituting a ‘völkisch’, state-run industrial economy.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 146

Sense

“The early thirties brought what liberal economists called the Great Depression and Marxist economists described as the great crisis of capitalism. It dawned on me that the economic world order was unreliable, unstable, and, most of all, iniquitous. I sought intellectual contacts and friendship with a group of socialist students and also with a small handful of communist-oriented students and unemployed workers.”

Tjalling Koopmans (1910–1985) Dutch American economist

" Tjalling C. Koopmans - Biographical http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1975/koopmans-bio.html". Nobelprize.org. Nobel Media AB 2013. Web. 9 Jun 2014.

Friendship, World

“The principal feature of modern capitalism is the domination of monopolist combines of the big capitalists.”

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

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Six

“Cuba became the sugar-producing and-exporting country par excellence; and if she did not develop even further in this respect, the reason is to be found in the capitalist contradictions which put a limit to a continuous expansion of the Cuban sugar industry, which depended almost entirely on North American capital.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

The Cuban Economy (1964)

Dependency, Country

“… some parties think that only the rules laid down by their doctrines are the right ones. Our strength resides in the fact that our revolution does not desire the triumph of one class or of one ideology over another…. Ours is a White Revolution: we adopt no slogan but we embrace everything which seems good to us, whether it be labelled communism, socialism or capitalism….
My final aim is to bring Iran, within twenty years, to the same level of civilization and progress as will be enjoyed by the most highly developed countries. During the last ten years the degree of our backwardness has been halved, but it is this remaining backwardness which will be the most difficult to combat.”

Mohammad Reza Pahlavi (1919–1980) Shah of Iran

January 27, 1963, as quoted in The Shah's Story, page 76
Speeches, 1963

Communication, Thinking, Country

“My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.”

Mitt Romney (1947) American businessman and politician

2012-08-23
http://online.wsj.com/article/SB10000872396390444270404577605140607907860.html?mod=googlenews_wsj
Mitt Romney: What I Learned at Bain Capital
Wall Street Journal
2012

People, Faith, Business

“We are told that we are a pack of Socialists and faddists, and that common sense is on the side of the Unionist party. Well, for my part, I am for going in for all progressive legislation step by step. I do not believe in the short cuts. If Socialism means the abolition of private property, if it means the assumption of land and capital by the State, if it means an equal distribution of products of labour by the State, then I say that Socialism of that stamp, communism of that stamp, is against human nature, and no sensible man will have anything to say to it. But if it means a wise use of the forces of all for the good of each, if it means a legal protection of the weak against the strong, if it means the performance by public bodies of things which individuals cannot perform so well, or cannot perform at all, then the principles of Socialism have been admitted in almost the whole field of social activity already, and all we have to ask when any proposition is made for the further extension of those principles is whether the proposal is in itself a prudent, just, and proper means to the desired end, and whether it is calculated to do good, and more good than harm.”

John Morley, 1st Viscount Morley of Blackburn (1838–1923) British Liberal statesman, writer and newspaper editor

Speech to the Home Counties Division of the National Liberal Federation (13 February 1889), quoted in 'Mr. J. Morley At Portsmouth.', The Times (14 February 1889), p. 6.

Communication, Nature, Sense, Strong

“The spirit of militarism has already permeated all walks of life. Indeed, I am convinced that militarism is a greater danger here than anywhere else, because of the many bribes capitalism holds out to those whom it wishes to destroy.”

Emma Goldman (1868–1940) anarchist known for her political activism, writing, and speeches

What is Patriotism? (1908)

Life

“Conservatism is alien to the very nature of capitalism.”

Whittaker Chambers (1901–1961) Defected Communist spy

Source: Odyssey of a Friend (1969), p. 229

Nature

“No amount of force will break an egg-shell if exerted on one side alone. So capital could not squeeze labor as long as labor was free to natural opportunities, and in a world where these natural materials and opportunities were as free to all as is the air to us, there could be no difficulty in finding employment, no willing hands conjoined with hungry stomachs, no tendency of wages toward the minimum on which the worker could barely live. In such a world we would no more think of thanking anybody for furnishing us employment than we here think of thanking anybody for furnishing us with appetites.
That the Creator might have put us in the kind of world I have sought to imagine, as readily as in this kind of a world, I have no doubt. Why he has not done so may, however, I think, be seen. That kind of a world would be best for fools. This is the best for men who will use the intelligence with which they have been gifted. Of this, however, I shall speak hereafter. What I am now trying to do by asking my readers to endeavor to imagine a world in which natural opportunities were "as free as air," is to show that the barrier which prevents labor from freely using land is the nether millstone against which labor is ground, the true cause of the difficulties which are apparent through the whole industrial organization.”

Henry George (1839–1897) American economist

Source: Social Problems (1883), Ch. 13 : Unemployed Labor

Men, World, Fools, Imagination

“Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.”

David Harvey (1935) British anthropologist

Introduction, p. xxxii
The Limits To Capital (2006 VERSO Edition)

“In its struggle for power the proletariat has no other weapon but organisation. Disunited by the rule of anarchic competition in the bourgeois world, ground down by forced labour for capital, constantly thrust back to the 'lower depths' of utter destitution, savagery, and degeneration, the proletariat can, and inevitably will become an invincible force only through its ideological unification on the principles of Marxism being reinforced by the material unity of organisation, which welds millions of toilers into an army of the working class.”

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

Lenin Anthology, pp. 119
1900s, One Step Forward, Two Steps Back (1904)

World

“So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 318

Education, School, Problem

“When Taylor began his efforts at the Midvale Steel Company in the 1880s, several members of the American Society of Mechanical Engineers were likewise interested in labor management. Industrial capitalism was running up against renewed resistance from the growing ranks of labor, still committed to a sense of work integrity and craftsmanship. Task management, or scientific management as it came to be called, began to take shape in the eighties as the way to break the worker's threatening resistance. The heart of this approach is the systematic reduction of work into discrete, routinized tasks, totally separated from any policy decisions about the job. … For capitalism to be firmly in control, it must monopolize information and techniques as surely as it controls the rest of the means of production. The worker must be permitted only to perform certain specific narrow tasks as planned by management.”

John Zerzan (1943) American anarchist and primitivist philosopher and author

Source: Elements of Refusal (1988), p. 165

Way, Decision, Sense, Effort

“One massive issue is that [in government] we did not promote regional flourishing. To put it bluntly there was not enough private sector growth in the north east, the north west, the midlands and south west, and the south east was financially driven which had its own problems. I share your disposition about capitalism, but I look at Tesco and think, it’s cheap, healthy food, and it has transformed the lives of the poor. Yet we hate them. When London Citizens did a living wage campaign against Tesco what we found was enormous middle class loathing while the working class had a love for Tesco. They love the fact that the food was fresh and cheap and the environment was safe. And when they bought a small package of mince they didn’t have a butcher going, ‘Ah, tough week, eh?’ They didn’t feel humiliated. That’s just a tough example I put out there to say we’ve got to build alliances and relationships with the powers. We’ve got to look at how we can get Tesco to foster regional diversity.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Interview with Independent Labour, 2 December 2011 http://www.independentlabour.org.uk/main/2011/12/02/a-conversation-with-maurice-glasman-pt-2/

Love, Hate, Food, Feeling

“Those who claim a natural link between capitalism and democracy are cheating with the facts in the same way the Catholic Church cheats when it presents itself as the "natural"advocate of democracy and human rights against the threat of totalitarianism - as if it were not the case that the Church accepted democracy only at the end of the nineteenth century, and even then with clenched teeth, as a desperate compromise, making it clear that it preferred monarchy, and that it was making a reluctant concession to new times.”

Slavoj Žižek (1949) Slovene philosopher

Source: First as Tragedy, Then as Farce (2009), Chapter One, Human, All Too Human

Way, Democracy, Nature, Time

“As you watch the developments in Baghdad, it's important to understand that we will not be able to prevent every al Qaeda attack. When a terrorist is willing to kill himself to kill others, it's really hard to stop him. Yet, over time, the security operation in Baghdad is designed to shrink the areas where al Qaeda can operate, it's designed to bring out more intelligence about their presence, and designed to allow American and Iraqi forces to dismantle their network.We have a strategy to deal with al Qaeda in Iraq. But any time you say to a bunch of cold-blooded killers, success depends on no violence, all that does is hand them the opportunity to be successful. And it's hard. I know it's hard for the American people to turn on their TV screens and see the horrific violence. It speaks volumes about the American desire to protect lives of innocent people, America's deep concern about human rights and human dignity. It also speaks volumes about al Qaeda, that they're willing to take innocent life to achieve political objectives.The terrorists will continue to fight back. In other words, they understand what they're doing. And casualties are likely to stay high. Yet, day by day, block by block, we are steadfast in helping Iraqi leaders counter the terrorists, protect their people, and reclaim the capital. And if I didn't think it was necessary for the security of the country, I wouldn't put our kids in harm's way.…Either we'll succeed, or we won't succeed. And the definition of success as I described is sectarian violence down. Success is not, no violence. There are parts of our own country that have got a certain level of violence to it. But success is a level of violence where the people feel comfortable about living their daily lives. And that's what we're trying to achieve.”

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

President Bush Discusses War on Terror, Economy with Associated General Contractors of America http://georgewbush-whitehouse.archives.gov/news/releases/2007/05/20070502-2.html (May 2, 2007) 2000s, 2007

Life, People, Way, Feeling

“Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 19, Taxes on Consumption and Wealth, p. 453

“Capitalism is an art form.”

Camille Paglia (1947) American writer

Source: Sexual Personae: Art and Decadence from Nefertiti to Emily Dickinson (1990), p. 38

Art

“Not only have material wealth and the possibilities for freeing mankind definitively from the burden of meaningless, repetitive and mechanical work increased, but so too has the polarization of society between fewer and fewer owners of capital and more and more workers of hand and brain, forced to sell their labour-power to these owners. The concentration of wealth and power in a small number of giant industrial and financial corporations has brought with it an increasingly universal struggle between Capital and Labour.”

Ernest Mandel (1923–1995) Belgian economist and Marxist philosopher

Introduction to Capital. Introduction to volume 1 (1976)

Universe, Wealth

“But if capitalism had built up science as a productive force, the very character of the new mode of production was serving to make capitalism itself unnecessary.”

John Desmond Bernal (1901–1971) British scientist

J.D. Bernal (1959) Marx and Science. p. 39

Science

“If there was never any difference between the value of commodities someone desired to sell and buy on the market, then no-one would ever desire to accumulate wealth. But an essential feature of capitalism is the existence of a group of agents with precisely that intention.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 9, The Sum Of The Parts, p. 193

Wealth

“What would happen if everyone did it? If everyone gave their wealth away what would we do for capital? If everyone loved their enemies who would ward off the Communists? This argument could be met on other levels, but here our only point is to observe that such reasoning would have been preposterous in the early church and remains ludicrous whenever committed Christians accept realistically their minority status. Far more fitting than "What if everybody did it" would be its inverse, "What if nobody else acted like a Christian, but we did?"”

John Howard Yoder (1927–1997) 20th century American Mennonite theologian

Source: The Priestly Kingdom (1984), p. 139

Love, Wealth

“First, we will take Eastern Europe, then the masses of Asia, then we will encircle the United States which will be the last bastion of capitalism. We will not have to attack. It will fall like an overripe fruit into our hands.”

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

Cardinal Francis Spellman used this attribution in his speech to the 1954 National Convention of the American Legion. It has been debunked repeatedly, for example in They Never Said It (1999) by Paul F. Boller and John H. George. The last two sentences have also been misattributed to Nikita Krushchev. The metaphor of the ripe fruit appears much earlier in US policy discussions about Cuba:
If an apple, severed by the tempest from its native tree, cannot choose but fall to the ground, Cuba, forcibly disjoined from its unnatural connexion with Spain, and incapable of self-support, can only gravitate towards the North American Union.
John Quincy Adams, letter to Hugh Nelson (28 April 1823)
The fruit will fall into our hands when it is ripe, without an officious shaking of the tree. Cuba will be ours … in due season, without the wicked impertinence of war.
Parke Godwin, "Annexation" (February 1854)
Misattributed

“The unspoken ideology of capitalism didn’t admit, back then, of any corporate duty beyond making a return on investment for the shareholders while obeying the law.
Then the terrible teens hit, with a global recession followed by a stuttering shock wave of corporate scandals as rock-ribbed enterprises were exposed as hollow husks run by conscience-free predators who were even less community-minded and altruistic than gangsters. The ravenous supermarket chains had gutted the entire logistic and retail sector, replacing high-street banks and post offices as well as food stores and gas stations, recklessly destroying community infrastructure; manufacturers had outsourced production to the cheapest overseas bidders, hollowing out the middle-class incomes on which consumer capitalism depended: The prison-industrial complex, higher education, and private medical sectors were intent on milking a public purse that no longer had a solid tax base with which to pay. Maximizing short-term profit worked brilliantly for sociopathic executives looking to climb the promotion ladder—but as a long-term strategy for stability, a spiraling Gini coefficient left a lot to be desired.”

Charles Stross book Rule 34

Source: Rule 34 (2011), Chapter 7, “Liz: Black Swans” (pp. 82-83)

Education, Law, Food, Communication

“It is my considered opinion that the so called Kashmir problem, we have been facing, since 1947 has never been viewed in a historical perspective. That is why it has defied solution so far, and its end is not in sight in the near future. Politicians at the helm of affairs during this nearly half a century have been living from hand to mouth and are waiting for Pakistan to face them with a fait accompli. Once againg they are out to hand over Kashmir and its people to be butchers who have devastated this fair land and destroyed its rich eulture. … It is therefore high time that we renounce this ritual and have a look at the problem in a historical perspective. I should like to warn that histories of Kashmir written by Kashmiri Hindus in modern times are worse than useless for this purpose. I have read almost all of them, only to be left wondering at the piteous state to which the Hindu mind in Kashmir has been reduced. I am not taking these histories into account except for bits and pieces which fall into the broad pattern. … What distinguishes the Hindu rulers of Kashmir from Hindu rulers elsewhere is that they continued to recruit in their army Turks from Central Asia without realizing that the Turks had become Islamicized and as such were no longer mere wage earners. One of Kashmir's Hindu rulers Harsha (1089-1101 CE) was persuaded by his Muslim favourites to plunder temple properties and melt down icons made of precious metal. Apologists of Islam have been highlighting this isolated incident in order to cover up the iconoclastic record of Islam not only in Kashmir but also in the rest of Bharatvarsha. At the same time they conceal the fact that Kashmir passed under the heel of Islam not as a result of the labours of its missionaries but due to a coup staged by an Islamicised army. … Small wonder that balance of farces in Kashmir should have continued to tilt in favour of Islamic imperialism till the last Hindu has been hounded out of his ancestral homeland. Small wonder that the hoodlums strut around not only in the valley but in the capital city of Delhi with airs of injured innocence. Small wonder that the Marxist-Muslim combine of scribes who dominate the media blame Jagmohan for arranging an overnight and enmasse exodus of the Hindus from the valley. (They cannot forgive Jagmohan for bringing back Kashmir to India at a time when the combine was hoping that Pakistan would face India with an accomplished fact.) Small wonder that what Arun Shourie has aptly described as the "Formula Factory"”

Sita Ram Goel (1921–2003) Indian activist

the Nayars, the Puris, the Kotharis, the Dhars, the Haksars, the Tarkundes - should be busy devising ways for handing over the Kashmir Hindus to their age-old oppressors. Kashmir: The Problem is Muslim Extremism by Sita Ram Goel https://web.archive.org/web/20080220033606/http://www.kashmir-information.com/Miscellaneous/Goel1.html

People, Age, Hope, Way

“There is, in short, no 'spatial fix' that can contain the contradictions of capitalism in the long run.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 13, Crisis In The Space Economy Of Capitalism, p. 442

“Men having capital, the product of labor to invest, form themselves into companies or associations and consolidate their capital that they may reap a greater profit from their investments … The men who labor, taking this action of the men of capital as a criterion to go by, have formed themselves into companies or associations that they reap a greater profit from the investment of their capital, which is labor. That capital of the former is the creation of man; that latter as the creation of God, and of the two is entitled to the most consideration, since no capital could exist unless labor created it.”

Terence V. Powderly (1849–1924) American mayor

"The Organization of Labor," http://ebooks.library.cornell.edu/cgi/t/text/pageviewer-idx?c=nora;cc=nora;g=moagrp;xc=1;q1=The%20Organization%20of%20Labor;rgn=full%20text;cite1=Powderly;cite1restrict=author;view=image;seq=0122;idno=nora0135-2;node=nora0135-2%3A2 North American Review, vol. 135, no. 2, whole no. 309 (Aug. 1882), pp. 118–9.

Men, God

“Capitalism is the only system where such men are free to function and where progress is accompanied, not by forced privations, but by a constant rise in the general level of prosperity, of consumption and of enjoyment of life.”

Ayn Rand book The Virtue of Selfishness

The Virtue of Selfishness (1964)

Life, Men

“But the stock market is not 1:1-it is not a zero sum game. So those deaf, dumb and blind economists can't find the capital flows.”

Andy Kessler (1958) American writer

Part VII, The Margin Surplus, Wealth How?, p. 261.
Running Money (2004) First Edition

Game

“Socialism is not the invention of an individual. It is essentially the outcome of economic and social conditions. The evils that Capitalism brings differ in intensity in different countries, but, the root cause of the trouble once discerned, the remedy is seen to be the same by thoughtful men and women. The cause is the private ownership of the means of life; the remedy is public ownership.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

The Labour Party in Perspective (Left Book Club, 1937), p. 15.
1930s

Life, Women, Men, Evil

“It seems to me that entitlement is the key to nearly all atrocities, and that any threat to perceived entitlement will provoke hatred. The man who flayed the cat presumably felt that his employers were entitled to the cat's skin. Europeans felt that they were (and are) entitled to the land of North and South America. Slave owners clearly felt they were entitled to the labor (and the lives) of their slaves, not only in partial payment for protecting slaves from their own idleness, but also simply as a return on their capital investment. Owners of nonhuman capital today feel they, too, are entitled to the "surplus return on labor," as economists put it, as part of their reward for furnishing jobs, and to provide a return on their investment in capital. Rapists act on the belief that they are entitled to their victims' bodies, and entitled to inflict cruelty upon them. Americans act as though we are entitled to consume the majority of the world's resources, and the change the world's climate. All industrialized humans act like they're entitled to anything they want on this planet.”

Derrick Jensen book The Culture of Make Believe

Source: The Culture of Make Believe (2003), p. 105-6

World, Feeling, Cats, Change

“In capitalism, communists are always better”

Adonis Georgiadis (1972) Greek politician

As he said in Epsilon TV (12 May 2018)
Source: https://www.youtube.com/watch?v=MZIbFJPreBQ&t=1094s

“The struggle between the opponents and defenders of capitalism is a struggle between innovators who do not know what innovation to make and conservatives who do not know what to conserve.”

Simone Weil (1909–1943) French philosopher, Christian mystic, and social activist

Source: Simone Weil : An Anthology (1986), The Power of Words (1937), p. 233

“To prevent his inventions getting abroad to foreigners, Mr. Arkwright purposely omitted to give so full and particular a description of his inventions, in the specification of his last patent, as he would otherwise have done, believing, from the concluding clause in the patent, that he need not so fully describe. His patent right being largely infringed, he was obliged to prosecute some infringers, although an association was formed to resist him; but on a trial in the King's Bench in July 1781 a verdict was given against him, on the ground that his specification was not as full and accurate as the law requires. Having established a business that already employs above 5,000 persons, and a capital of not less than 200,000 l.”

Richard Arkwright (1732–1792) textile entrepreneur; developer of the cotton mill

he hopes to be relieved by Parliament, from the consequences of an unintentional error.
The case, 1782

Law, Hope, Error, Business

“Nowadays, ever since the attack on the Pentagon in 2001, the capital has been clamped down. How is this manifested? Giant planters blocking government buildings, giant planters barricading every other street. Theoretically, the concrete flowerpots are solid enough to fend off a truck bomb. And yet the effect is ridiculous, as if we believe we can protect ourselves from suicide bombers by hiding behind blooming pots of marigolds, flowers whose main defensive property is repelling rabbits.”

Sarah Vowell book Assassination Vacation

Source: Assassination Vacation (2005), pp. 23-24

Flowers, Suicide

“What is the "cost of capital" to a, firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure their survival and growth; (2) the managerial economist concerned with capital budgeting; and (3) the economic theorist concerned with explaining investment behavior at both the micro and macro levels.”

Merton Miller (1923–2000) American economist

Franco Modigliani and Merton H. Miller. "The cost of capital, corporation finance and the theory of investment." The American economic review (1958): 261-297.

Money, World, Behavior, Question

“There is very good reason to believe that, in a generation or so, capitalism itself will no longer exist—most obviously, as ecologists keep reminding us, because it's impossible to maintain an engine of perpetual growth forever on a finite planet, and the current form of capitalism doesn't seem to be capable of generating the kind of vast technological breakthroughs and mobilizations that would be required for us to start finding and colonizing any other planets. Yet faced with the prospect of capitalism actually ending, the most common reaction—even from those who call themselves "progressives"—is simply fear. We cling to what exists because we can no longer imagine an alternative that wouldn't be even worse.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Twelve, "1971–The Beginning…", pp. 381–382

Fear, Imagination

“Khushwant Singh notes with a certain disappointment that even when the Sikhs carved out a state for themselves, they did not separate from Hinduism: 'The Sikhs triumphed and we had Ranjit Singh. You may feel that here at long last we had a Sikh monarch, and the Khalsa would come into their own. Nothing of the sort happened. (…) Instead of taking Sikhism in its pristine form, he accepted Hinduism in its brahminical form. He paid homage to Brahmins. He made cow-killing a capital offence'…. Further, he donated three times more gold to the newly built makeshift Vishvanath temple in Varanasi than to the Hari Mandir in Amritsar. He also threatened the Amirs of Sindh with an invasion if they didn't stop persecuting the Hindus….”

Ranjit Singh (1780–1839) founder of Sikh Empire (early 19th century)

Khushwant Singh, K. Elst, quoted in Elst, Koenraad (2002). Who is a Hindu?: Hindu revivalist views of Animism, Buddhism, Sikhism, and other offshoots of Hinduism. ISBN 978-8185990743

Disappointment, Feeling, Time

“We may not appreciate the fact; but a fact nevertheless it remains: we are living in a Golden Age, the most gilded Golden Age of human history — not only of past history, but of future history. For, as Sir Charles Darwin and many others before him have pointed out, we are living like drunken sailors, like the irresponsible heirs of a millionaire uncle. At an ever accelerating rate we are now squandering the capital of metallic ores and fossil fuels accumulated in the earth’s crust during hundreds of millions of years. How long can this spending spree go on? Estimates vary. But all are agreed that within a few centuries or at most a few millennia, Man will have run through his capital and will be compelled to live, for the remaining nine thousand nine hundred and seventy or eighty centuries of his career as Homo sapiens, strictly on income. Sir Charles is of the opinion that Man will successfully make the transition from rich ores to poor ores and even sea water, from coal, oil, uranium and thorium to solar energy and alcohol derived from plants. About as much energy as is now available can be derived from the new sources — but with a far greater expense in man hours, a much larger capital investment in machinery. And the same holds true of the raw materials on which industrial civilization depends. By doing a great deal more work than they are doing now, men will contrive to extract the diluted dregs of the planet’s metallic wealth or will fabricate non-metallic substitutes for the elements they have completely used up. In such an event, some human beings will still live fairly well, but not in the style to which we, the squanderers of planetary capital, are accustomed.”

Aldous Huxley (1894–1963) English writer

"Tomorrow and Tomorrow and Tomorrow" in Adonis and the Alphabet (1956); later in Collected Essays (1959), p. 293

Men, Alcohol, Age, History

“Economics, said Mr Stanley, is 50% psychology … What we need, apparently, is not statesman but hypnotists, not scientists, but witchdoctors, not confidence born of scientific prediction of the future, but confidence created by a political Confidence Trick. There is nothing surprising in this. It is the kind of mystic Mumbo-Jumbo to which capitalism is driven when austere reason pronounces sentence of death upon it. It is the primitive recoil from reality and the burdens of reality which lies at the root of Fascist psychology.”

Aneurin Bevan (1897–1960) Welsh politician

Tribune, 5 November 1937
1930s

Death, Confidence, Reality, Future

“Our feminist culture at the present moment is completely dependent on capitalism. My grandmother was still scrubbing clothes on the back porch on a washboard!”

Camille Paglia (1947) American writer

Source: Vamps and Tramps (1994), "No Law in the Arena: A Pagan Theory of Sexuality", p. 260

Dependency, Clothes

“To wonder what was so radical about a movement which seemed to demand "only" the cessation of fraudulent work, is to fail to perceive the inner truth of the valid assumption, made on every side, of the connection between frame-breaking and sedition. As if the fight by the producer for the integrity of his work-life can be made without calling the whole of capitalism into question. The demand for the cessation of fraudulent work necessarily becomes a cataclysm, an all-or-nothing battle insofar as it is pursued; it leads directly to the heart of the capitalist relationship and its dynamic.”

John Zerzan (1943) American anarchist and primitivist philosopher and author

Source: Elements of Refusal (1988), pp. 108-109

Life, Truth, Question, Heart

“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.””

Qutb al-Din Aibak (1150–1210) Turkic peoples king of Northwest India

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

Men, Food, Hell

“Far back in history, there is evidence that men who have attempted to solve the riddle of water have been bitterly attacked. Every attempt to explain the nature of water in old books has been demolished in the later editions. In any case, maintaining the sense of mystery about water ensures the prosperity of the capital intensive economy, for financial interest thrives only on a defective economy. If the riddle surrounding the origins of water were solved, it would be possible to make as much pure water available as required at any location; in this way vast areas of desert would become fertile. As a consequence, the selling values of the produce would sink so low that there would be no more incentive to speculate, or to develop agricultural machinery. The concept of unrestricted production and cheap machine power is so revolutionary, that the way of life all over the world would experience a change. Maintaining the mystery of water, therefore, maintains the value of capital, so every attempt to come nearer to an explanation is attacked.”

Viktor Schauberger (1885–1958) austrian philosopher and inventor

Living Water

Life, Men, Books, World

“This was the Roman Empire's contribution to the world's thought, namely, the solidarity of capital, the oneness of the interests of property irrespective of national boundaries.”

Bouck White (1874–1951) American author and novelist

Source: The Call of the Carpenter (1914), p. 12

World

“Unfortunately, the critics of economics have had a tendency to discuss the whole structure as a tissue of misconceptions. It is a critique that fails. The strength of economics is its considerable, if far from complete, understanding of the flows and comparative advantages that underlie trade, jobs, capital and incomes, and the logic of optimising behaviour, all backed by glittering accomplishment in mathematics. That makes it a powerful analytical instrument, so that just a few misconceptions – such as a failure to understand the informal economy or resource depletion – have leverage: like a baby monkey at the controls of a Ferrari, they can turn it into an instrument with extraordinarily destructive potential. If it were a tissue of errors, it would not be dangerous: it is its 90 percent brilliance which makes it so.”

David Fleming (1940–2010) British activist

Lean Logic, (2016), p. 123, entry on Economics http://www.flemingpolicycentre.org.uk/lean-logic-surviving-the-future/

Error, Mathematics, Failure, Understanding

“I was guilty of judging capitalism by its operations and socialism by its hopes and aspirations; capitalism by its works and socialism by its literature.”

Sidney Hook (1902–1989) American philosopher

Out of Step (1985)

Hope, Literature

“Authoritarian Communism is, and should be, forever tainted by those real-world laboratories. But what of the contemporary crusade to liberate world markets? The coups, wars and slaughters to instill and maintain pro-corporate regimes have never been treated as capitalist crimes but have instead been written off as the excess of overzealous dictators, as hot fronts in the Cold War, and now of the War on Terror. If the most committed opponents of the corporatist economic model are systematically eliminated, whether in Argentina in the seventies or in Iraq today, that suppression is explained as part of the dirty fight against Communism or terrorism - almost never as the fight for the advancement of pure capitalism.”

Naomi Klein (1970) Canadian author and activist

The Shock Doctrine: The Rise of Disaster Capitalism (2007)

War, World, Communication, Fight

“Firishta' attributes to Sikandar the demolition of all the Kashmirian temples save one, which was dedicated to Mahadeva, and which only escaped ' in consequence of its foundation being below the surface of the neighbouring water.'. (…) He most likely gave orders that they should all be overturned; and I have no doubt that many of the principal temples were thrown down during his reign. For instance, the tomb of his own Queen in Srinagur is built upon the foundation, and with the materials of a Hindu temple; likewise the wall which surrounds the tomb of his son Zeinu-1 Abidin was once the inclosure of a Hindu temple; and lastly the entrance of a masjid in Nowa-Shehra of Srinagur, which, according to its inscription, was built during the reign of his son Zeinu-1 Abidin, is formed of two fluted pillars of a Hindu peristyle. These instances prove that at least three different temples in the capital alone must have been overthrown either by Sikandar or by one of his predecessors. But as the demolition of idol-temples is not attributed to any one of the earlier kings, we may safely ascribe the destruction of the three above mentioned to Sikandar himself.”

Sikandar Butshikan

Elliot, H. M. (Henry Miers), Sir; Ed. John Dowson (1871). The History of India, as Told by Its Own Historians. The Muhammadan Period. London : Trübner & Co. Vol VI. Appendix, Note A. ON THE EARLY USE OF GUNPOWDER IN INDIA.

Water

“His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive exchanges, that it can yield him any profit. Such capitals, therefore, may very properly be called circulating capitals.”

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

Source: (1776), Book II, Chapter I, p. 305.

Success

“The principal and primary function of banks is to serve as an intermediary in the making of payments. In doing so they transform inactive money capital into active capital, that is, into capital producing a profit; they collect all kinds of money revenues and place them at the disposal of the capitalist class.”

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

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

Money

“SPEEDWALKING?! I pity you fool! You a disgrace to the man race! It's time to run like a real man! Take that speedwalker! Do it again sucker, and there's going to be trouble! With a capital Mr. T! Snickers, get some nuts!”

Mr. T (1952) American actor and retired professional wrestler

Snickers Advert (2007)

Fools, Time

“The monetary history of the last four hundred years has been replete with financial crises. The pattern was that investor optimism increased as economies expanded, the rate of growth of credit increased and economic growth accelerated, and an increasing number of individuals began to invest for short-term capital gains rather than for the returns associated with the productivity of the assets they were acquiring. The increase in the supply of credit and more buoyant economic outlook often led to economic booms as investment spending increased in response to the more optimistic outlook and the greater availability of credit, and as household spending increased as personal wealth surged.”

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

Manias, Panics, and Crashes: A History of Financial Crises (1978), Ch. 13 : The Lessons of History and the Most Tumultuous Decades Ever

History, Optimism, Personality, Wealth

“For those of us who grew up believing that capitalism is the foundation of democracy and market freedom, it has been a rude awakening to realize that under capitalism, democracy is for sale to the highest bidder and the market is centrally planned by global megacorporations larger than most states.”

David Korten (1937) writer, sustainability advocate

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

Democracy, Freedom

“When the Lord's Prayer is prayed with insight it becomes a petition for the abolition of capitalism and the supplanting of the existing economic order with a society which is consistent with the religion of Jesus.”

Kirby Page (1890–1957) American clergyman

Individualism and Socialism (1933)

Religion

“The same spirit of intolerance was shown by the Jesuit fathers in the Moghul court. The Emperor Akbar took great interest in religious discussions and summoned to the court scholarly Jesuit missionaries from Goa. They were received with great courtesy, but the free discussions in the Ibadat Khana (House of Worship), where the debates on religion took place, displeased the Jesuit fathers greatly. Their intolerance of other religions and their arrogant attitude towards the exponents of other faiths were unwelcome also to the Emperor. So the missionaries had to leave the capital greatly disappointed.”

Akbar (1542–1605) 3rd Mughal Emperor

Panikkar, K. M. (1953). Asia and Western dominance, a survey of the Vasco da Gama epoch of Asian history, 1498-1945, by K.M. Panikkar. London: G. Allen and Unwin.

Faith, Religion, Disappointment, Housing

“If a lack of money had prevented people from improving their lot, then mankind would still be living in the caves: unless you believe that investment capital first arrived from outer space.”

Theodore Dalrymple (1949) English doctor and writer

Theodore Dalrymple remembers Ken Saro-Wiwa - and asks, if unearned income from oil has done so much harm to Nigeria, will increased unearned aid flows not do similar harm to Africa as a whole? http://www.socialaffairsunit.org.uk/blog/archives/000708.php (January 3, 2006). The Social Affairs Unit (2006 - 2008)

Money, People

“Let's discuss the world. To answer the question, "is globalisation possible without God", the simple answer is "yes". Globalisation is after all itself a code word, a mask, for not using the C-word, capitalism. Globalisation is basically the latest phase of expanding capitalism. This not something which is neutral, this is a capitalism that has its rules: it has its economic rules, it has its political rules, it has its cultural rules and it has its military rules. It is a system. At the heart of this system is the United States of America, the world's only existing empire today. The first time in the history of humanity that you have just had a single empire, so dominant, whose military budget is higher than the military budgets of the next 15 countries put together, and whose military-industrial complex itself is the eleventh largest economic entity in the world. This is the reality we live in, and this is the reality which confronts us in different ways.”

Tariq Ali (1943) British Pakistani writer, journalist, and historian

10th Globalisation lecture, VRPO. http://www.vpro.nl/programma/tegenlicht/artikelen/21200518/

God, World, Way, History

“To Lincoln, slavery undercut the free labor outlook on the world because it denied advancement and self-improvement. For Lincoln, the great attraction of any economic regime was the degree to which it permitted accumulation and self-promotion. He once described the ideal system as being one where the penniless beginner starts out working for somebody else, accumulates capital on his own by dint of savings, goes into business for himself, and then eventually becomes so successful that he hires others, who in turn continue the cycle. And he spoke of that as being the order of things in a society of equals. For him, the very notion of equality is a matter of equality of openness, aspiration, and opportunity.”

Allen C. Guelzo (1953) American historian

2010s, Interview with Tom Mackaman (2013)

World, Business, Success

“Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism”

Walter Rodney book How Europe Underdeveloped Africa

as in Western Europe
Source: How Europe Underdeveloped Africa (1972), p. 106.

Money, Parting

“Investment in human capital accounts for most of the impressive rise in the real earnings per worker.”

Theodore Schultz (1902–1998) American economist

Source: "Investment in human capital," 1961, p. 1

“The Sultan then returned to Delhi, 'which is the capital of prosperity and the place of glory,' and after his arrival, 'not a vestige or name remained of the idol temples which had reared their heads on high; and the light of faith shone out from the darkness of infidelity, like the sun from a curtain of sorrow, or after its emerging from an eclipse, and threw its shade over the provinces of Hind and Sind, the far and near countries of idolatry; and the moon of religion and the State became resplendent from the heaven of prosperity and glory'.”

Muhammad of Ghor (1160–1206) Ghurid Sultan

Elliot and Dowson, Vol. II : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 238-39

Faith, Religion, Light, Sun

“It's not a third way between state capitalism and free markets, it is the free market way. Multi-national corporations should be the principal actors, but they should be properly regulated.”

Ian Bremmer (1969) American political scientist

"The West Should Fear the Growth of State Capitalism," http://www.telegraph.co.uk/finance/economics/7883061/The-West-should-fear-the-growth-of-state-capitalism-Ian-Bremmer.html The Daily Telegraph (July 10, 2010).

Way

“Corporations are properly associated with mercantilism, rather than capitalism. Mercantilism is a system under which government grants special status to one or more company at the expense of its competitors. The British East India Company, for example, possessed an exclusive, royally-granted 'right' to conduct trade between India and China, on the one hand, and the British Empire for more than 250 years.
Private capitalism, by contrast, is a system under which various enterprises compete in the marketplace by offering the highest quality goods and services they can, at the lowest possible prices. Progress occurs as individuals and companies strive to raise quality and lower prices.”

L. Neil Smith (1946) American writer

"Corporations, Mercantilism, and Capitalism," http://www.ncc-1776.org/tle2010/tle576-20100627-02.html 27 June 2010.

“My views are more akin to the nineteenth-century liberal philosophy espoused by Milton Friedman, especially in his Capitalism and Freedom. In that work, he proposed many policies that are harmonious with free markets and are receiving serious attention in the United States and other countries. This list includes school choice, the flat-rate income tax, rules for monetary stability, privatized social security, and the elimination of affirmative-action programs.”

Robert Barro (1944) American classical macroeconomist

Getting It Right (1997); Introduction

School, Freedom, Country

“When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church.”

Ayn Rand book The Virtue of Selfishness

The Virtue of Selfishness (1964)

Way