Poland in the 1990s saw a surge of unrestrained, American-style capitalism. With millions of Poles living in the U.S.A., the defeat of communism led many to aim for a lifestyle derivative of Chicago or Detroit.
I suspect that one of capitalism's crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds.
Capitalism is a system for determining objective value.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
In America, we don't, in daily discourse, use the words 'capitalism' or 'socialism.' They've been kind of nonexistent words, I would say, amongst the general public.
Nigeria has had the misfortune - no, the fortune - of seeing the worst face of capitalism anywhere in Africa. The masses have seen it, they are disgusted, and they want an alternative.
When I read things like the foundations of capitalism are shattering, I'm like, maybe we need that. Maybe we need some time where we're walking around with a donkey with pots clanging on the sides.
Capitalism is always evaluated against dreams. Utopia is a dream. It doesn't exist.
I talk about economic freedom. I talk about capitalism without fearing the word.
If capitalism is to remain a healthy, vibrant economic system, corporations must participate in taking care of the society and the environment in which they live.
Socialism may have failed as an economic theory, but global warming alarmism, with its dire warnings about the consequences of industry and consumerism, is equally a rebuke to capitalism.
Traditionally in capitalism, when you have more cash, you can fund more activity, which produces more jobs and creates more wealth. That's basic economic theory.
Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value.
To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.
'Capitalism' is a dirty word for many intellectuals, but there are a number of studies showing that open economies and free trade are negatively correlated with genocide and war.
Capitalism saved the world, and there is even a heretical theory now, moving up from the level of individuals to countries: countries that trade more and have more open economies are less likely to fight wars and less likely to have genocides.
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
In the last quarter of the eighteenth century bourgeois Europe needed to emancipate itself from that combination of feudalism and commercial capitalism which we know as mercantilism.
This idea of 'cool capitalism' is still capitalism. It doesn't matter if Elon Musk quotes Nas.
Capitalism has its weaknesses. But it is capitalism that ended the stranglehold of the hereditary aristocracies, raised the standard of living for most of the world and enabled the emancipation of women.
