Quotes & Sayings About The Failure Of Capitalism

All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market. — Ludwig Von Mises

Wall Street banks have used the same tactic that Bush used in the war on terror - fear - and they've basically said that if you don't do what we tell you, the sky will fall. If you don't do what we tell you, it will be the end of capitalism as we know it. The failure of Lehman Brothers lent some credence to those fears. — Joseph Stiglitz

Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior. — Allan H. Meltzer

Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward. Fortunemagazine{115} — Thomas Sowell

Capitalism, after all, is no fun when real failure becomes a possibility. — James Surowiecki

There were people who believed their opportunities to live a fulfilled life were hampered by the number of Asians in England, by the existance of a royal family, by the volume of traffic that passed by their house, by the malice of trade unions, by the power of callous employers, by the refusal of the health service to take their condition seriously, by communism, by capitalism, by atheism, by anything, in fact, but their own futile, weak-minded failure to get a fucking grip. — Stephen Fry

What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy. — Ludwig Von Mises

Keynes declared capitalism the best system ever devised to achieve a civilized economic society. But he recognized in it two major faults - its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes. — Robert B. Reich

America traditionally represents the greatest possibility of someone's going from nothing to something. Why? In theory, if not practice, the government stays out of the way and lets individuals take risks and reap rewards or accept the consequences of failure. We call this capitalism - or, at least, we used to. — Larry Elder

The tyranny of the quantifiable is partly the failure of language and discourse to describe more complex, subtle, and fluid phenomena, as well as the failure of those who shape opinions and make decisions to understand and value these slipperier things. It is difficult, sometimes even impossible, to value what cannot be named or described, and so the task of naming and describing is an essential one in any revolt against the status quo of capitalism and consumerism. — Rebecca Solnit

I regard it as very unfair, but capitalism without failure is like religion without hell. — Charlie Munger

The Tea Party people say they're angry about socialism, but maybe they're really angry about capitalism. If there's a sense of being looked down upon, it's that sense of failure that's built into a system that assures everyone they can make it to the top, but then reserves the top for only a tiny fraction of the strivers. — Gail Collins

We've got to get rid of the fear of failure in this country. In America, people start things, fail and shake themselves down and start things again. The animal spirit of capitalism is stronger there. — Rupert Murdoch

The novel had a framework made by thinking. The thought was that to divide off and compartmentalize living was dangerous and led to nothing but trouble. Old, young; black, white; men, women; capitalism, socialism; these dichotomies undo us, force us into unreal categorisation, make us look for what separates us rather than what we have in common. That was the thought, which made the shape or pattern of 'The Golden Notebook'. But the emotions were stronger than the thought. This is why I have always seen TGN as a failure: a failure in my terms, of what I had meant. For has this book changed by an iota our tendency to think like computers set to sort everything - people, ideas, history - into boxes? No, it has not. Yet why should I have such a hubristic thought? But I was in the grip of discovery, of revelation. I had only just seen this Truth: I was watching my own mind working like a sorting machine, and I was appalled. — Doris Lessing

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich. — James Grant

I belong to a generation that came of age listening to news of the collapse of the Communist dicatorships and never felt the slightest affection or nostalgia for those regimes or for the Soviet Union. I was vaccinated for life against the conventional but lazy rhetoric of anticapitalism, some of which simply ignored the historic failure of Communism and much of which turned its back on the intellectual means necessary to push beyond it. I have no interest in denouncing inequality or capitalism per se - especially since social inequalities are not in themselves a problem as long as they are justified, that is, "founded only upon common utility," as article 1 of the 1789 Declaration of the Rights of Man and the Citizen proclaims. — Thomas Piketty

How shall man measure Progress there where the dark-faced Josie lies? How many heartfuls of sorrow s hall balance a bushel of wheat? How hard a thing is life to the lowly, and yet how human and real! And all this life and love and strife and failure,
is it the twilight of nightfall or the flush of some faint-dawning day? — W.E.B. Du Bois

For an American like me, growing up linked to a very different food chain, yet one that is also rooted in a field of corn, not to think of himself as a corn person suggests either a failure of imagination or a triumph of capitalism. — Michael Pollan

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

The conviction of tragedy that rises out of his [John Dos Passos's] work is the steady protest of a sensitive democratic conscience against the tyranny and the ugliness of society, against the failure of a complete human development under industrial capitalism. — Alfred Kazin

Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes. — Howard Zinn

If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a 'failure of swimming.' So, when markets have been weighted down by inept and excessive regulation, why call this a 'failure of capitalism'? — Peter Boettke

The failure to examine heterosexuality as an institution is like failing to admit that the economic system called capitalism or the caste system of racism is maintained by a variety of forces, including both physical violence and false consciousness. — Adrienne Rich

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

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat. — Ben Shapiro

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America? — Fidel Castro

The idea of capitalism is not just success but also the failure that allows success to happen. — P. J. O'Rourke