Capitalism
Quotes on Capitalism
We are too mealy-mouthed. We fear the word “capitalism” is unpopular. So we talk about the “free enterprise” system and run to cover in the folds of the flag and talk about the American way of life.
Eric A. Johnston (1896-1963) American entrepreneur
It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
Sir Winston Churchill (1874-1965) British statesman, author
The decadent international but individualistic capitalism in the hands of which we found our-selves after the war is not a success. It is not intelligent. It is not beautiful. It is not just It is not virtuous. And it doesn’t deliver the goods.
John Maynard Keynes (1883-1946) British economist in 1933
The forces in a capitalist society, if left unchecked, tend to make the rich richer and the poor poorer.
Jawaharlal Nehru (1889-1964) Indian prime minister
Capitalists are no more capable of self-sacrifice than a man is capable of lifting himself up by his bootstraps.
Vladimir Ilyich Lenin (1870-1924)
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
J. A. Schumpeter (1883-1950)
Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell (1872-1970) British philosopher, mathematician
History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Milton Friedman (b. 1912) American economist
