Quotes & Sayings About Free Market Capitalism

The nature of the economic system should be a matter for public choice, and free market capitalism should not be accepted without any discussion of the rich variety of alternatives ... Unlike civil laws, economic laws are imposed on people with all the authority of immutable laws of nature. But the economy is created by people, supported by government intervention, regulation, statute and subsidy, and implemented in such a way that it gives substantial wealth and power to a privileged few, while the majority face a life of relentless work, stress and periodic financial insecurity. — Tony Benn

Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism. — Aung San Suu Kyi

From computers to information technology to airplanes, it has been America's unique blend of republican government and free-market capitalism that has allowed us to surpass all other nations in history. — George Nethercutt

It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism. — Jeremy Rifkin

Competition, free enterprise, and an open market were never meant to be symbolic fig leaves for corporate socialism and monopolistic capitalism. — Ralph Nader

At any rate, planning in this sense means all-around planning by the government and enforcement of these plans by the police power. Planning in this sense means full government control of business. It is the antithesis of free enterprise, private initiative, private ownership of the means of production, market economy, and the price system. Planning and capitalism are ut- terly incompatible. Within a system of planning production is conducted according to the government's orders, not according to the plans of capitalists and entrepreneurs eager to profit by best filling the wants of the consumers. — Ludwig Von Mises

I wanta buy stuff. Stuff I don't need ... Stuff settin' out there, you jus' feel like buyin' it whether you need it or not.
-Uncle John — John Steinbeck

George Bernard Shaw once said: "Capitalism has destroyed our
belief in any effective power but that of self interest backed by force."
When liberals make the argument that capitalism is the cause of all
of our problems, they are either speaking out of abject ignorance
or being totally disingenuous to protect their own political interests.
We have not had true free-market capitalism in this country on any
wide scale. Where we have had economic successes in this nation's
history, it has been those times when people have done something
outside of the government's involvement. Every single time the federal
government has been involved, it has created chaos, waste, and
corruption. The historical record is overwhelmingly one of gross
incompetence. — Ziad K. Abdelnour

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient. — Noam Chomsky

We preach about capitalism and the beauty of unfettered market forces determining price
but not when it comes to gas. When it comes to gas, we need it cheap, and the president had better get it for us, or else, we don't care how. — Bill Maher

In the whole history of capitalism, no one has been able to establish a coercive monopoly by means of competition in a free market ... Every single coercive monopoly that exists or ever has existed ... was created and made possible only by an act of government ... which granted special privileges (not obtainable in a free market) to a man or a group of men, and forbade all others to enter that particular field. — Nathaniel Branden

I would ask: Given the nature of free-market capitalism - where the rule is to rise to the top at all costs - is it possible to have a financial industry hero? And by the way, this is not a pop-culture trend we're talking about. There aren't many financial heroes in literature, theater or cinema. — Martin Scorsese

We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good. — Paul Hawken

There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours. — David Henry Hwang

It's a real enigma why people are so averse to real free market capitalism even now. Here we are, in the century that has seen Lenin, Stalin, Mao, Hitler, Castro, Pol Pot-and we're still being warned against the 'robber barons' of the 19th century. I don't know that Jay Gould or John D. Rockefeller ever killed anyone. The State has killed countless people, and yet we're always supposed to remain on guard against these 'greedy villains' of yesteryear. — Joseph Sobran

Lyotard develops and extends Weber's argument regarding the disenchantment of art to suggest the Western culture increasingly obeys an instrumental logic of performance and control, one that imposes order on the free play of the imagination and subordinates creative thought to the demands of the capitalist market. And, for Lyotard, the effects of this process are consistent with those outlined in Weber's work, namely the progressive elimination of ritual or religious forms of art, the restriction of creative forms by an instrumental (capitalist) rationality, and with this the denigration of value-rational artistic practice. — Nicholas Gane

The United States has never done away with slavery; we just stopped calling it such. These days, we call it free-market capitalism. — Michel Templet

By this definition we are in the middle of a revolution: something wider than a pure political overthrow and narrower than the classic social revolutions of the twentieth century. Out of the very values and practices of free-market capitalism - individualism, choice, respect for human rights, the network, the flattened hierarchy - the masses have developed a new collective practice. They can bypass and supersede the machinery of power via, as Gorz predicted, an 'alternative network of relations'. — Paul Mason

The new OS is neither the classic communism of centralized planning without private property nor the undiluted selfish chaos of a free market. Instead, it is an emerging design space in which decentralized public coordination can solve problems and create things that neither pure communism nor pure capitalism can. — Kevin Kelly

If the world were full of the self-seeking individuals found in economics textbooks, it would grind to a halt because we would be spending most of our time cheating, trying to catch the cheaters, and punishing the caught. The world works as it does only because people are not the totally self seeking agents that free-market economics believes them to be. We need to design an economic system that, while acknowledging that people are often selfish, exploits other human motives to the full and gets the best out of people. The likelihood is that, if we assume the worst about people, we will get the worst out of them. — Ha-Joon Chang

Beautiful, seamless upgrade from Twitter today, making functionality smoother and cooler. We didn't have to lobby, didn't have to beg, didn't have to elect a new leader, didn't have to push or protest. Progress is built in to the structure of the mechanism itself: this company exists to please you and me. This is a far better system than any political system on earth. — Jeffrey Tucker

Liberty isn't everything. I just allows everything to happen. — A.E. Samaan

Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them. — David Suzuki

Here's something I still can't get over. Amazes and thrills me every time. I'm sitting here and want a certain book. So I search, click, and then I have the book. Every time, my heart does a little leap of joy. What a beautiful world the market is making. — Jeffrey Tucker

Communism and "free-market" capitalism both are modern versions of oligarchy. In their propaganda, both justify violent means by good ends, which always are put beyond reach by the violence of the means. The trick is to define the end vaguely-"the greatest good of the greatest number" or "the benefit of the many"- and keep it at a distance. — Wendell Berry

No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.
What do the poor most need? They need to stop being poor. And how can that be done, on a mass scale, except by an economy that creates vastly more wealth? Yet the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it. — Thomas Sowell

This is the fly in the ointment of free-market capitalism. It cannot ensure that profits are gained in a fair way, or distributed in a fair manner. — Yuval Noah Harari

The billionaire investor George Soros has coined a term to describe this perspective: "free market fundamentalism." It is the belief not simply that free markets are the best way to run an economic system, but that free markets are the only way that will not ultimately destroy our other freedoms. "The doctrine of laissez-faire capitalism holds that the common good is best served by the uninhibited pursuit of self-interest,"36 Soros wrote. — Naomi Oreskes

In theory, capitalism is an economic system that allows people to freely trade goods and services in a competitive free market. But since the outright ownership of land creates an entry monopoly, it restricts the operation of the free market... Consequently, our current implementation of capitalism is deeply responsible for the exploitation of nature and the decline of social well-being. — Martin Adams

The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations. — William Greider

The Jacksonian era is generally talked about in terms of individualism, and the development of free market capitalism, and Victorian prudery. It was shocking to find a parallel history to that - a bunch of Americans with very different priorities. I stumbled on to these people, and then became completely fixated on them. The question that drove me was: how did these reasonable people adopt these extremely unreasonable ideas? — Christine Jennings

We all too often have socialism for the rich and rugged free market capitalism for the poor. — Martin Luther King Jr.

I am a strong believer in the free market. I am a strong believer in capitalism. But, I am also a strong believer that there are certain common goods - our air, our water, making sure that people are safe - that require to have some regulation. — Barack Obama

Health care and education are too important NOT to be left to the free market. — Kevin D. Williamson

There's a reason you probably haven't heard much about this aspect of the heartland. This kind of blight can't be easily blamed on the usual suspects like government or counterculture or high-hat urban policy. The villain that did this to my home state wasn't the Supreme Court or Lyndon Johnson, showering dollars on the poor or putting criminals back on the street. The culprit is the conservatives' beloved free-market capitalism, a system that, at its most unrestrained, has little use for smalltown merchants or the agricultural system that supported the small towns in the first place ... — Thomas Frank

The free market is not a system. It is not a policy dictated by anyone in particular. It is not something that Washington implements. It does not exist in any legislation, law, bill, regulation, or book. It is what you get when people act on their own, entirely without central direction, and with their own property, and within human associations of their own creation and in their own interest. It is the beauty that emerges in absence of control. — Jeffrey Tucker

...we should in the interests of accuracy refer not to 'democratic free market capitalism' but to 'plutocratic impunity capitalism'. — Robert Wade

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 inferiors who never so intended it. (p.272) — Victor Davis Hanson

The Western societies which espouse free market capitalism survive by the pursuit of greed and, in their own way, like Communism, throw into leadership men and women (mostly men) who know how to gain, exert and manipulate power. — Davis McCaughey

The historical debate is over. The answer is free-market capitalism. — Thomas Friedman

The advantage of the free market system is that people invest their capital, they create jobs by investing their capital, and hopefully they get a return on that investment. I don't think there's anything wrong with good old American capitalism. — Steve Stivers

As much as I say that market economy is a more aggressive, expansile form of command economy, I say now that democracy is a more aggressive, expansile form of dictatorship. The sin of democracy and any types of -cracy is their numbers. — Andreas Laurencius

Free market capitalism has done more for the soul of the human race than any other system - it's created the highest standard of living. — Chris Chocola

Again, a Prince should show himself a patron of merit, and should honour those who excel in every art. He ought accordingly to encourage his subjects by enabling them to pursue their callings, whether mercantile, agricultural, or any other, in security, so that this man shall not be deterred from beautifying his possessions from the apprehension that they may be taken from him, or that other refrain from opening a trade through fear of taxes; and he should provide rewards for those who desire so to employ themselves, and for all who are disposed in any way to add to the greatness of his City or State. — Niccolo Machiavelli

The earliest use of writing was strictly commercial and economic, not political or bureaucratic. It was trade, entrepreneurship, and stewardship of private property, not politics, "public education" or the creation of national mythology that allowed humankind to transition from prehistory to history. Just as trade, entrepreneurship, and stewardship of private property have always been on the forefront of civilization's advancement, so were they also the driving force behind civilization's emergence. — Jakub Bozydar Wisniewski

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps. — Quentin R. Bufogle

Free market capitalism is far more than economic theory. It is the engine of social mobility-the highway to the American Dream. — George W. Bush

Culture jamming is enjoying a resurgence, in part because of technological advancements but also more pertinently, because of the good old rules of supply and demand. Something not far from the surfaces of the public psyche is delighted to see the icons of corporate power subverted and mocked. There is, in short, a market for it. With commercialism able to overpower the traditional authority of religion, politics and schools, corporations have emerged a the natural targets for all sorts of free-floating rage and rebellion. The new ethos that culture jamming taps into is go-for-the-corporate-jugular. — Naomi Klein

It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely fail to understand is that what we've got now is a situation where there is a small class of gigantic financial companies that have put themselves above capitalism. — Matt Taibbi

People think what's in the US today is capitalism. It's not even close to capitalism. Capitalism doesn't have a central bank, capitalism doesn't have taxes, it doesn't have regulations; capitalism is just voluntary transactions. What they have in the US today I call crapitalism. But it's sad that so many people are confused and they think, 'Oh that's free markets in the US', when it's one of the least free market countries on earth. — Jeff Berwick

We do not have free market capitalism in America; we have crony capitalism. There is a huge difference between free market capitalism that democratizes a country and makes us more efficient and prosperous and corporate crony capitalism. — Robert F. Kennedy Jr.

The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful. — Milton Friedman

Yet we feel obliged to risk our long-term health in order to work extremely hard at jobs we don't particularly enjoy in order to buy things we don't particularly want. This is otherwise known as free-market capitalism. According to politicians, CEOs, and bankers, this is also supposedly the highest form of social organization that human beings have attained. — Anonymous

Not to mention the fact that the belief in conspiracy theories is already a form of conspiracy theory in itself. It's to me not quite clear on what basis you would assume that one conspiracy is no conspiracy, and the others are. Capitalism drives on conspiracy theories as well: they believe in a certain power that creates a "free market" and that you can sit and grow forever on finite resources. This newspaper article obviously did not mean 'conspiracy theory' but 'urban legend', because the question if there are ufos landing on earth and whether you want to believe this seems to have little to do with conspiracy. And whether that is an urban legend worthy of belief is not undisputed. I think people who believe in such things are actually less illogical than people who believe housing associations are useful. — Martijn Benders

Commerce is considered by classical economists to be a positive-sum
game. The act of selling and buying always benefits both the seller
and the buyer. It is unfortunate that popular culture has propagated
the Marxist myth that one person gains in business at the expense of
another, that capitalism is evil because it is a zero-sum game - somebody
wins while someone else loses. When liberals make the argument
that capitalism is the cause of all of our problems, they are either
speaking out of abject ignorance or being totally disingenuous to
protect their interests. We have not had true free-market capitalism
in this country on any wide scale. Where we have had economic
successes in this nation's history, it has been those times when people
have done something outside of the government's involvement. Every
time the federal government has been involved, it has created chaos,
waste, and corruption. — Ziad K. Abdelnour

The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved in recommending free trade and free market to developing countries. — Ha-Joon Chang

Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role. — Raghuram Rajan

He who is unfit to serve his fellow citizens wants to rule them. — Ludwig Von Mises

I read recently that 60% of all drugs on the black-market had been put there by the police. No sooner are drugs seized, it seems, than they are recycled onto the streets by the arresting officers! I know our Leader, Mrs Thatcher, is in favour of private enterprise, but this is the free market gone mad! ... Yours for the Market Economy Within Reasonable Limits! — William Donaldson

No man can rightfully be required to join, or support, an association whose protection he does not desire. — Lysander Spooner

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way. — Ludwig Von Mises

You know what capitalism produces. According to Marx and Engels."
"Its own grave-diggers," he said.
"But these are not the grave-diggers. This is the free market itself. These people are a fantasy generated by the market. They don't exist outside the market. There is nowhere they can go to be on the outside. There is no outside."
The camera tracked a cop chasing a young man through the crowd, an image that seemed to exist at some drifting distance from the moment.
"The market culture is total. It breeds these men and women. They are necessary to the system they despise. They give it energy and definition. They are market-driven. They are traded on the markets of the world. This is why they exist, to invigorate and perpetuate the system. — Don DeLillo

Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed. — Ron Paul

Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science. — Ha-Joon Chang

There are some things in the world we can't change- gravity, entropy, the speed of light, and our biological nature that requires clean air, clean water, clean soil, clean energy and biodiversity for our health and well-being. Protecting the biosphere should be our highest priority or else we sicken and die. Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them. It makes no sense to elevate economics above the biosphere. — David Suzuki

I think that the Internet is going to be one of the major forces for reducing the role of government. — Milton Friedman

Now a great debate has been born. The thesis is Democratic Socialism. The antithesis is free-market capitalism. The Obama Democrats have posed the challenge. It is now up to the Republicans to pick it up and fight along these lines. — Dick Morris

While free markets tend to democratize a society, unfettered capitalism leads invariably to corporate control of government. — Robert Kennedy

Just as in our bodies, every cell must first be "Celfish"; solely responsible for its own survival and once those conditions are met, the value is passed on. That is Free Market Capitalism at the cellular level. — Carl T. Johnson

Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored. — Thomas Sowell

, I believe in some type of free market system. I just don't think you'll find an example of one completely free from government intervention. — Kenneth Eade

Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism. — Ha-Joon Chang

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. — Ludwig Von Mises

The ideal capitalism envisioned by advocates of the free market depends upon social virtues and wise policies that it does not itself generate. — Timothy Snyder

Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. — Murray Rothbard

Capitalism is not a form of government. Capitalism is a symptom of freedom. It is the result of individual rights, which include property rights. — A.E. Samaan

I am a conservative Republican, a firm believer in free market capitalism. A free market system allows all parties to compete, which ensures the best and most competitive project emerges, and ensures a fair, democratic process. — Sarah Palin

To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names - Keynesian inflationism, interventionism, and corporatism. — Ron Paul

Free-market capitalism, in the blink of an eye, was gutted and replaced by an oligopoly. — Gerald Celente

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. — K.J. Parker

Capitalism, Socialism, Fascism, Communism, the Free-Market ... What good are these approaches for? These attempts are made by men who are cerebral insufficient. I'm trying to give you back your brain, which they took away from you in schools and in your upbringing. I'm trying to show you how the world works. So if you want a better world, you have to get up off your ass and make it better — Jacque Fresco

A properly functioning free market system does not spring spontaneously from society's soil as crabgrass springs from suburban lawns. Rather, it is a complex creation of laws and mores ... Capitalism is a government program. — George Will

The big guys who ran things didn't want you thinking or feeling. It slowed down production. They wanted you scared and working so you wouldn't bump up against the truth
life could be fun. Yup, they wanted you scared. They wanted you grim. They wanted you madly cranking out Barbie dolls or Post Toasties or Xerox, or they wanted you overworked and underpaid at teaching so you could at least feel smart, and they wanted you to keep having kids so you'd have to keep working at whatever job you were stuck in and not have time to think or feel or, if you did, you certainly wouldn't have time to do anything about it, or even get close to the big fun, the fun that belonged only to them. And then they wanted your kids to hop on the same treadmill. — Bill Ripley

A new model of heroic capitalism based on principle-driven, free-market entrepreneurship deserves a central place in business-ethics thought and action. — Robert L. Bradley Jr.

Free market capitalism is the best path to prosperity! — Lawrence Kudlow

The Internet has taken shape with startlingly little planning? The most universal and indispensable network on the planet somehow burgeoned without so muchasa boardofdirectors, never minda mergers-and- acquisitions department. There is a paradoxical lesson here for strategists. In economic terms, the great corporations are acting like socialist planners, while old- fashioned free-market capitalism blossoms at their feet. — James Gleick

The credit crunch was based on a climate (the post-Cold War victory party of free-market capitalism), a problem (the sub-prime mortgages), a mistake (the mathematical models of risk) and a failure, that of the regulators. — John Lanchester

All the evils, abuses, and iniquities, popularly ascribed to businessmen and to capitalism, were not caused by an unregulated economy or by a free market, but by government intervention into the economy. — Ayn Rand

The free enterprise concept inherent in the economic model of capitalism should mean common people, or lower and middle class wage-earners, have greater potential to rise up and gain financial independence. In reality, however, free enterprise all too often leads to an almost total lack of government regulation that in turn allows the global elite to run amuck in Gordon Gecko-style financial coups. — James Morcan

Yet, while producing increasingly selfish people, the mantra of the Left, and therefore of the universities and the media, has been for generations that capitalism and the free market, not the welfare state, produces selfish people. — Dennis Prager

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market. — Ludwig Von Mises

If you can't afford the good food or if you can't afford health care or if you don't have a job or if your car is dangerous because you can't get it fixed and you DIE, you just lost the game-bzzzzz-thanks for playing extreme capitalism. — Marc Maron

Somewhere along the way to free-market capitalism, the United States became the most wasteful society on the planet. — Paul Hawken

And yet we have what purports, or professes, or is claimed, to be a contract - the Constitution - made eighty years ago, by men who are now all dead, and who never had any power to bind us, but which (it is claimed) has nevertheless bound three generations of men, consisting of many millions, and which (it is claimed) will be binding upon all the millions that are to come; but which nobody ever signed, sealed, delivered, witnessed, or acknowledged; and which few persons, compared with the whole number that are claimed to be bound by it, have ever read, or even seen, or ever will read, or see. — Lysander Spooner

Under NAFTA, businesses, their property and their money can travel back and forth across national borders with relative ease, while workers who try to do the same are dubbed illegal, and are snatched off the streets and off factory floors, and are carted back over the borders they crossed. In the "free market" of NAFTA, the freedom is for the wealth and personnel of the capitalists- the thieves- there is no corresponding freedom for the refugees of land theft and conquest whose only capital is their daily toil.

Capitalism is the immense and widely celebrated ideological package used to rewrap theft as freedom, to recast imperialism as democracy. (273) Mexico Unconquered — John Gibler

The greatness of America is capitalism, free market capitalism. The exceptionalism of American business. — Fran Tarkenton

Like casinos, large corporate entities have studied the numbers and the ways in which people respond to them. These are not con tricks - they're not even necessarily against our direct interests, although sometimes they can be - but they are hacks for the human mind, ways of manipulating us into particular decisions we otherwise might not make. They are also, in a way, deliberate underminings of the core principle of the free market, which derives its legitimacy from the idea that informed self-interest on aggregate sets appropriate prices for items. The key word is 'informed'; the point of behavioural economics - or rather, of its somewhat buccaneering corporate applications - is to skew our perception of the purchase to the advantage of the company. The overall consequence of that is to tilt the construction of our society away from what it should be if we were making the rational decisions classical economics imagines we would, and towards something else. — Nick Harkaway

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that. — Ha-Joon Chang