Capitalist Economy Quotations

Workers do not strike every day, they cannot do that the way they function in the capitalist economy. The way they have to live by selling their labor power makes that impossible.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not,

The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.

A capitalist economy hums when leading businessmen are bubbling with animal spirits and are prepared to sink their money into risky ventures.

The crucial role of the rich in a capitalist economy is... to invest; to provide unencumbered and unbureaucratized cash.

As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial opportunities into the industrial structure as it exists at any moment.

In every capitalist economy there are anti-capitalist movements, activists, and even political parties; in a way, that there are no longer anti-democratic movements, activists, and parties.

Capitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.

The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.

A genuine Left doesn't consider anyone's suffering irrelevant or titillating; nor does it function as a microcosm of capitalist economy, with men competing for power and status at the top, and women doing all the work at the bottom.... Goodbye to all that.

We may now have reached a point where this gap in our make-up has become unsustainable; partly because what in the past would have counted as material plenty has become the norm for the majority in much of the world; and partly because the slow retreat of religion that coincided with the spread of a capitalist economy has left a gaping hole in millions of people's lives. (Geoff Mulgan)