Quotes about capitalism

A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism it is an alternative to any system under which men can live as human beings.

Thandi looks at the rag dolls and the coasters and key chains and handcrafted jewelry that Delores delicately places inside the basket. How would visitors know the real stories behind the faces of the wooden masks they'd buy to have on walls the rag dolls they'd use to decorate unused furniture in their houses the figurines they'd place on mantels that they can marvel at and then quickly forget?

The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.

Money is not my definition of success inspiring people is the definition of success.

Despite massive evidence to the contrary, libertarians hold tight to their romantic concept of capitalism, which, freed from government interference, serves the consumer with the best products at the lowest prices.

It is not easy to determine whether there are any who still adhere in good faith to the doctrine that traces back the depreciation of money to the activity of speculators. The doctrine is an indispensable instrument of the lowest form of demagogy it is the resource of governments in search of a scapegoat. There are scarcely any independent writers nowadays who defend it those who support it are paid to do so.

Cash is always the deciding factor in such matters of moral politics nothing ever gets done unless motivated by commerce or greed.

The Services offer the cleanest and most natural support to an aggressive foreign policy expansion of the empire appeals powerfully to the aristocracy and the professional classes by offering new and ever-growing fields for the honorable and profitable employment of their sons.

Poverty was nature surviving in society that the limitedness of food and the unlimitedness of men had come to an issue just when the promise of boundless increase of wealth burst in upon us made the irony only the more bitter.

By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money and by 'the price of money' this actual quantity of other goods.

The only trouble with capitalism is capitalists they're too damned greedy.

Money is the alienated essence of man's labor and life and this alien essence dominates him as he worships it.

The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices that neither exportation nor importation can occur if there are no differences in prices to make trade profitable.

It is no more appropriate to speak of a difference between the purchasing power of money in Germany and in Austria than it would be justifiable to conclude from differences between the prices charged by hotels on the peaks and in the valleys of the Alps that the objective exchange-value of money is different in the two situations and to formulate some such proposition as that the purchasing power of money varies inversely with the height above sea-level. The purchasing power of money is the same

Determinants of prices have their effect only through the medium of the subjective estimates of individuals and the extent to which any given factor influences these subjective estimates can never be predicted.

The superior man understands what is right the inferior man understands what will sell.

I do not believe that one can become rich without being a shark a sensitive man will never amass wealth.

The recent Dictionary of Occupational Titles lists over twenty thousand specialized professions in America being a millionaire is not one of them.

Any capitalist . . . who had made sixty thousand pounds out of sixpence, always professed to wonder why the sixty thousand nearest Hands didn't each make sixty thousand pounds out of sixpence, and more or less reproached them every one for not accomplishing the little feat. What I did you can do. Why don't you go and do it?

Then they’re always trying to sell you something. Everything is based on forcing people to buy. If you can’t buy what they’re selling, you’re a zero in the system.

Capital is an abstract parasite, an insatiable vampire and zombie maker; but the living flesh it converts into dead labor is ours, and the zombies it makes are us.

One thing you'll learn when you're in the business of selling utter shite to the Great British Public is that there's really no bottom to where they'll go. Shit food, shit TV, shit bands, shit films, shit houses. There is absolutely no fucking bottom with this stuff. The shittier you can make it - a bad photocopy of a bad photocopy of what was a shit idea in the first place - the more they'll eat it up with a big fucking spoon, from dawn till dusk, from now until the end of time. It's too good.

the centre is missing, but we cannot stop searching for it or positing it. It is not that there is nothing there - it is that what is there is not capable of exercising responsibility

Modern society, the political body, the legal and judiciary system, the state of governance, capitalism and the very fabric of the society itself, including our religions and so-called morals and values, are institutions steeped in traditions of absolute and total violence.

To Jurgis the packers had been the equivalent to fate; Ostrinski showed him that they were the Beef Trust. They were a gigantic combination of capital, which had crushed all opposition, and overthrown the laws of the land, and was preying upon the people. Chapter 29, pg. 376

The great hatred of capitalism in the hearts of the oppressed, ancient and modern, I think, stems not merely from the ensuing vast inequality in wealth, and the often unfair and arbitrary nature of who profits and who suffers, but from the silent acknowledgement that under a free market economy the many victims of the greed of the few are still better off than those under the utopian socialism of the well-intended. It is a hard thing for the poor to acknowledge benefits from their rich moral inf

The tourists had money and we needed it; they only asked in return to be lied to and deceived and told that single most important thing, that they were safe, that their sense of security—national, individual, spiritual—wasn’t a bad joke being played on them by a bored and capricious destiny. To be told that there was no connection between then and now, that they didn't need to wear a black armband or have a bad conscience about their power and their wealth and everybody else’s lack of it; to fee

When people encounter the free market and they recoil or react negatively to it, they're merely confessing that voluntaryism, trade and negotiation are foreign and threatening to them, which tells you everything about how tragically they were raised.

Psychotherapy and counselling should make people aware of themselves and of the difficulties which they face. This then gives them the freedom to choose for themselves. In this sense, unlike behaviour therapy, psychotherapy is value-free: no advice, suggestions or recriminations are given. Indeed the only value of psychotherapy is respect for the individual. Such respect, however, in a mechanistic and objectifying society ... becomes a political act.

Was 9/11 not the 20th congress of the American Dream?

In itself a wall on which a panoramic view of a non-existent world is drawn does not change. But for a great deal of money you can buy a view from the window with a painted sun, a sky-blue bay and a calm evening. Unfortunately the author of this fragment will again be Ed—but even this is not important, because the very window the view is bought for is also only drawn in. Then perhaps the wall on which it is drawn is a drawing too? But drawn by whom and on what?He raised his eyes to the wall of t

Robinson Crusoe, the first capitalist hero, is a self-made man who accepts objective reality and then fashions it to his needs through the work ethic, common sense, resilience, technology, and, if need be, racism and imperialism.

[Prison] relieves us of the responsibility of seriously engaging with the problems of our society, especially those produced by racism and, increasingly, global capitalism.

Anywhere you have extreme poverty and no national health insurance, no promise of health care regardless of social standing, that's where you see the sharp limitations of market-based health care.

. . . then life began, and since then we remember each dumpster, abandoned house, and foot-chase by retail security. At night, after running around, plotting and scheming, our checklist items all crossed out, we paused to think — 'What to do tomorrow?' and the answer was always, 'As we please . . .

We are precarious. Which is to say some good things (accumulation of diverseknowledges, skills and abilities through work and life experiences in permanentconstruction), and a lot of bad ones (vulnerability, insecurity, poverty, socialexposure).

The urban capitalists and the bourgeoisie differ in linguistic habits and dress from the workers. They don't live together in one integrated society, but as two separate societies that speak different languages both literally and metaphorically. The urban capitalists do not know the life led by workers. Workers experience hardships that are unheard of amongst villagers and these evoke malice in the urban workers, easily stirred by union leaders who use them to ride to power. Villagers are differ

Society has made it so I have to get paid in order to do basic things like eat and be indoors and not be naked. Once that's happened, morality's bound to get slippery.

You should not have too many people waiting on you, you should have to do most things for yourself. Hotel service is embarrassing. Maids, waiters, bellhops, porters and so forth are the most embarrassing people in the world for they continually remind you of inequities which we accept as the proper thing. The sight of an ancient woman, gasping and wheezing as she drags a heavy pail of water down a hotel corridor to mop up the mess of some drunken overprivileged guest, is one that sickens and wei

But one afternoon Lila said softly that there was nothing that could eliminate the conflict between the rich and the poor. "Why?""Those who are on the bottom always want to be on top, those who are on top want to stay on top, and one way or another they always reach the point where they're kicking and spitting at each other.""That's exactly why problems should be resolved before violence breaks out.""And how? Putting everyone on top, putting everyone on the bottom?""Finding a point of equilibriu

The engine of capitalist patriarchy runs on the dirty fuel of women’s shame.

As universities have turned into businesses, so students have turned into consumers.

Within two or three years of World War II's end, starvation had been basically eliminated in Japan, and yet the Japanese had continued slaving away as if their lives depend on it. Why? To create a more abundant life? If so, where was the abundance? Where were the luxurious living spaces? Eyesores dominated the scenery wherever you went, and people still crammed themselves into packed commuter trains each morning, submitting to conditions that would be fatal for any other mammal. Apparently what

With an evermore increase of industrialisation machine stops being merely a tool, develops a life of its own and imposes its rhythm onto human. Operating it he moves mechanically, becomes part of the machine.

Democracy without respect for individual rights sucks. It's just ganging up against the weird kid, and I'm always the weird kid.

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire.

Young wives are the leading asset of corporate power. They want the suburbs, a house, a settled life, and respectability. They want society to see that they have exchanged themselves for something of value

The reality is fuck the animals, fuck biodiversity, fuck the laws, and long live construction," [Ricardo Freitas] said. "All of this is being done because some people will make a lot of money, and it's being done with no monitoring, no support, no rescue of species.

g*d wept, but that mattered little to an unbelieving age ... for there began to rise in America in 1876 a new capitalism & a new enslavement of labor" --w.e.b. dubois

Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere.

That’s the thing,” she said. “You add on getting rid of starvation and poverty like it’s a fringe benefit. Like the slice of lemon you get with a plate of whitebait.” He laughed. “That’s why I succeed,” he said, “where the men with beautiful souls always fail. If you walk through the market asking the stallholders to give you a slice of lemon for free, they’d laugh in your face. Pay for the whitebait and you get a good meal of whitebait for your money, plus the free lemon.

Capitalism has a way of letting people view the world through rose-coloured glasses.

It is everyone's bounden duty to try to get more than they have got already. If you have got two shillin' you try to make it into four shillin' . . . there is no end to it.

Happiness in a family really revolves around how much money I have in my disposal.

Money’ll always end up bad. Man’s greed and man’s killer instinct go hand-in-hand. Watch a barracuda attack something shiny and you’ll see what our fascination with gold is. Think about it. We give actually valuable things like food and shelter for stones. We kill for it. Make no mistake, behind every man who seeks his fortune is a predator.

An attempt is sometimes made to demonstrate the desirability of measures directed against speculation by reference to the fact that there are times when there is nobody in opposition to the bears in the foreign-exchange market so that they alone are able to determine the rate of exchange. That, of course, is not correct. Yet it must be noticed that speculation has a peculiar effect in the case of a currency whose progressive depreciation is to be expected while it is impossible to foresee when t

Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation an

But there are nevertheless three conclusions that seem to follow from our critical examination of the possibilities of inflationary policy. In the first place, all the aims of inflationism can be secured by other sorts of intervention in economic affairs, and secured better, and without undesirable incidental effects. If it is desired to relieve debtors, moratoria may be declared or the obligation to repay loans may be removed altogether; if it is desired to encourage exportation, export premium

That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of m

Restrictionism, however, demands positive sacrifices from the national exchequer when it is carried out by the withdrawal of notes from circulation (say through the issue of interest-bearing bonds or through taxation) and their cancellation.The unpopularity of restrictionism has other causes as well. Attempts to raise the objective exchange-value of money, in the circumstances that have existed, have necessarily been limited either to single States or to a few States and at the best have had onl

Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy.

When the value of money is increased, then those are enriched who at the time possess credit money or claims to credit money. Their enrichment must be paid for by debtors, among them the State (i.e., the tax-payers). Yet those who are enriched by the increase in the value of money are not the same as those who were injured by the depreciation of money in the course of the inflation; and those who must bear the cost of the policy of raising the value of money are not the same as those who benefit

A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees.

The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market.

Etatism, as a theory, is the doctrine of the omnipotence of the State, and, as a policy, the attempt to regulate all mundane affairs by authoritative commandment and prohibition. The ideal society of etatism is a particular sort of socialistic community; it is usual in discussions involving this ideal society to speak of State Socialism, or, in some connexions, of Christian Socialism.

Etatism by no means aims at the formal transformation of all ownership of the means of production into State ownership by a complete overthrow of the established legal system. Only the biggest industrial, mining, and transport enterprises are to be nationalized; in agriculture, and in medium- and small-scale industry, private property is nominally to continue. Nevertheless, all enterprises are to become State undertakings in fact. Owners are to be left the title and dignity of ownership, it is t

There is no room at all for independent enterprise under any variety of State Socialism. Prices are to be regulated authoritatively; authority is to fix what is to be produced, and how, and in what quantities. There is to be no speculation, no 'excessive' profit, no loss. There is to be no innovation unless it be decreed by authority. The official is to direct and supervise everything.

Every word of etatistic thought is contradicted by the doctrines of sociology and economics; this is why etatists endeavour to prove that these sciences do not exist. In their opinion, social affairs are shaped by the State. To the law, all things are possible; and there is no sphere in which State intervention is not omnipotent.

That the social life of human beings is subject to definite limitations; that it is governed by a set of laws that are comparable with those of Nature; these are notions that are unknown to the etatist. For the etatist, everything is a question of Macht - power, force, might. And his conception of Macht is crudely materialistic.

History likewise shows that sometimes the 'monetary standard of the victors' can prove to be very bad. There have seldom been more brilliant victories than those eventually achieved by the American insurgents under Washington against the English troops. But the American 'continental" dollar did not benefit from them. The more proudly the star-spangled banner rose on high, the lower did the exchange-rate fall, until, at the very moment when the victory of the rebels was secured, the dollar became

For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money.

Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poor

The oldest and most popular instrument of etatistic monetary policy is the official fixing of maximum prices. High prices, thinks the etatist, are not a consequence of an increase in the quantity of money, but a consequence of reprehensible activity on the part of 'bulls' and 'profiteers'; it will suffice to suppress their machinations in order to ensure the cessation of the rise of prices. Thus it is made a punishable offence to demand, or even to pay, 'excessive' prices.

Let us merely discuss the question, what consequences would necessarily follow if, ceteris paribus, with an increasing quantity of money, prices were restricted to the old level by official compulsion? An increase in the quantity of money leads to the appearance in the market of new desire to purchase, which had previously not existed; 'new purchasing power', it is usual to say, has been created. If the new would-be purchasers compete with those that are already in the market, then, so long as i

The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.

For once the commodities have been sold that were already on the market when their price was authoritatively fixed at a level below that demanded by the situation of the market, then the emptied store-rooms are not filled again. Charging more than a certain price is prohibited, but producing and selling has not been made compulsory. There are no longer any sellers. The market ceases to function. But this means that economic organization based on division of labour becomes impossible. The level o

The government desires to purchase; it desires to use the market, not to disorganize it. But the officially-fixed price does disorganize the market in which commodities and services are bought and sold for money. Commerce, so far as it is able, seeks relief in other ways. It re-develops a system of direct exchange, in which commodities and services are exchanged without the instrumentality of money. Those who are forced to dispose of commodities and services at the fixed prices do not dispose of

They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free.

The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.

All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are una

According to the current view, the maintenance of sound monetary conditions is only possible with a 'credit balance of payments'.The confutation of this and related objections is implicit in the Quantity Theory and in Gresham's Law. The Quantity Theory shows that money can never permanently flow abroad from a country in which only metallic money is used (the 'purely metallic currency' of the Currency Principle). The tightness in the domestic market called forth by the efflux of part of the stock

When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money.

One variety of the balance-of-payments theory attempts to distinguish between the importation of necessaries and the importation of articles that can be dispensed with. Necessaries, it is said, have to be bought whatever their price is, simply because they cannot be done without. Consequently there must be a continual depreciation in the currency of a country that is obliged to import necessaries from abroad and itself is able to export only relatively dispensable articles. To argue thus is to f

It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.

Speculation does not determine prices; it has to accept the prices that are determined in the market. I ts efforts are directed to correctly estimating future price-situations, and to acting accordingly. The influence of speculation cannot alter the average level of prices over a given period; what it can do is to diminish the gap between the highest and the lowest prices.

It is true that the speculator may happen to go astray in his estimate of future prices. What is usually overlooked in considering this possibility is that under the given conditions it is far beyond the capacities of most people to foresee the future any more correctly. If this were not so, the opposing group of buyers or sellers would have got the upper hand in the market. The fact that the opinion accepted by the market has later proved to be false is lamented by nobody with more genuine sorr

But even though questions of currency policy are never more than questions of the value of money, they are sometimes disguised so that their true nature is hidden from the uninitiated. Public opinion is dominated by erroneous views on the nature of money and its value, and misunderstood slogans have to take the place of clear and precise ideas. The fine and complicated mechanism of the money and credit system is wrapped in obscurity, the proceedings on the Stock Exchange are a mystery, the funct

Inflationism is that monetary policy that seeks to increase the quantity of money.

What is thus improperly regarded as profit, instead of as part of capital, is consumed by the entrepreneur or passed on either to the consumer in the form of price-reductions that would not otherwise have been made or to the labourer in the form of higher wages, and the government proceeds to tax it as income or profits. In any case, consumption of capital results from the fact that monetary depreciation falsifies capital accounting.

Any system that values profit over human life is a very dangerous one indeed.

Philosopher Jean Baudrillard made a similar observation about the use of material goods as symbols of immaterial values. He noted that any given material object has two kinds of value: it has use value (the amount of utility which can be derived from the good), and it has sign value (a value based on what the object means to the person who owns it.) Advertisers constantly attempt to increase the amount that people will pay for products by infusing them with artificial sign value. Emotional brand

Policymakers cannot take the situation lightly, for at its worst, it speaks to “intergenerational inequity” – a breaking of the social contract between two generations.

Actions that exemplify the limitations of a singular devotion to the profit motive, also draw a troublesome distinction between what is legal and what is moral.

If we disregard the exchange of present goods for future goods, and restrict our considerations for the time being to those cases in which the only exchanges are those between present goods and present money, we shall at once observe a fundamental difference between the effects of an isolated variation in a single commodity-price, emanating solely from the commodity side, and the effects of a variation in the exchange-ratio between money and other economic goods in general, emanating from the mo

Where the currency depreciation is a result of government inflation carried out by the issue of notes, it is possible to avert its disastrous effect on economic calculation by conducting all bookkeeping in a stable money instead. But so far as the depreciation is a depreciation of gold, the world money, there is no such easy way out.

When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community.

The social displacements that occur as consequences of variations in the value of money result solely from the circumstance that this assumption never holds good. In the chapter dealing with the determinants of the objective exchange-value of money it was shown that variations in the value of money always start from a given point and gradually spread out from this point through the whole community.

Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calcul

The supplementary quantity of gold that streams from it into commerce goes at first to the owners of the mine and then by turns to those who have dealings with them. If we schematically divide the whole community into four groups, the mine-owners, the producers of luxury goods, the remaining producers, and the agriculturalists, the first two groups will be able to enjoy the benefits resulting from the reduction in the value of money, the former of them to a greater extent than the latter. But ev