Topic
economic agent that owns or controls the means of producing wealth
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“We are going to have to live more economically than we do. And we can do that and, I believe we will do it more happily, not less happily. And that the excesses the capitalist system has brought us, have got to be curbed somehow.”
“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.”
“I am conviced that capitalism has seen its best days in American, and not only in America, but in the entire world. It is a well known fact that no social institut can survive when it has outlived its usefullness. This, capitalism has done. It has failed to meet the needs of the masses.”
“I have no doubt that the revolution will triumph. The people of the world will prevail, seize power, seize the means of production, wipe out racism, capitalism.”
“Marxism is the capitalism of the working class.”
“Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes.”
Quotes via Wikiquote (CC BY-SA), each with its original source.
Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience business cycles of economic expansion followed by recessions.
