Capitalism Quotes

 A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable, problem. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 A master, being forced to sell a pair of his oxen to pay his servant his wages, told his servant he could keep him no longer, not knowing how to pay him the next year. The servant answered, he would serve him for more of his cattle. 'But how shall I do,' saith the master, 'when all my cattle are gone?' The servant replied, 'You shall then serve me, and so you may have your cattle again.' 
Author: John Winthrop
Nationality: American
b. 12 January 1588  - d. 26 March 1649
  
 All fingers are not alike, If you cut bigger ones to make all equal it is communism, If you stretch smaller ones to make all equal it is socialism, If you do nothing to make all equal it is capitalism. 
Author: B. J. Gupta
Nationality: American   
 Bankruptcy changes a man's view of the world. 
Author: Henry Heinz
Nationality: American
b. 11 October 1844  - d. 14 May 1919
  
 Capitalism is the astounding belief that the wickedest of men will do the wickedest of things for the greatest good of everyone. 
Author: John Maynard Keynes
Nationality: British
b. 05 June 1883  - d. 21 April 1946
  
 History suggests that capitalism is a necessary condition for political freedom. 
Author: Milton Friedman
Nationality: American
b. 31 July 1912  - d. 16 November 2006
  
 How do we know when irrational exuberance has unduly escalated asset values? 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I believe, bad and all as it is, that the greed of capitalism is the only driving force there is. 
Author: Lang Hancock
Nationality: Australian   
 I have gone to war too... I am going to fight capitalism even if it kills me. It is wrong that people like you should be comfortable and well fed while all around you people are starving. 
Author: Sylvia Pankhurst
Nationality: British
b. 05 May 1882  - d. 27 September 1960
  
 I know you believe you understand what you think I said, but I am not sure you relize that what you heard is not what I meant. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 If you want to see the acceptable face of capitalism, go out to an oil rig in the North Sea. 
Author: Edward Heath
Nationality: British
b. 9 July 1916  - d. 17 July 2005
  
 In the democratic western countries so-called capitalism leads a saturnalia of ''freedom,'' like a bastard brother of reform. 
Author: Wyndham Lewis
Nationality: Canadian
b. 18 November 1882  - d. 07 March 1957
  
 In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well. 
Author: J. K. Galbraith
Nationality: American
b. December 1908
  
 Investing is simple, but not easy. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 It was ridiculous to imagine that it was possible for a nation to succeed economically without Jewish business. 
Author: Hjalmar Schacht
Nationality: German
b. 22 January 1877  - d. 3 June 1970
  
 The crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a perparation for his future career. 
Author: Albert Einstein
Nationality: American
b. 14 March 1879  - d. 18 April 1955
  
 The decadent international but individualistic capitalism in the hands of which we found ourselves 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. 
Author: John Maynard Keynes
Nationality: British
b. 05 June 1883  - d. 21 April 1946
  
 The entire essence of America is the hope to first make money - then make money with money - then make lots of money with lots of money. 
Author: Paul Emil Erdman
Nationality: American
b. 19 May 1932  - d. 24 April 2007
  
 The fundamental idea of modern capitalism is not the right of the individual to possess and enjoy what he has earned, but the thesis that the exercise of this right rebounds to the general good. 
Author: Ralph Barton Perry
Nationality: American
b. 03 July 1876  - d. 22 January 1957
  
 The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. 
Author: Sir Winston Churchill
Nationality: British
b. 30 November 1874  - d. 14 January 1965
  
 The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not. 
Author: J. K. Galbraith
Nationality: American
b. December 1908
  
 The unacceptable face of capitalism. 
Author: Edward Heath
Nationality: British
b. 9 July 1916  - d. 17 July 2005
  
 The world of antitrust is reminiscent of Alice's Wonderland: Competition is branded as criminal when taken by businessment, yet praised as enlightened when initiated by the government. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 This American system of ours . . . call it Americanism, call it capitalism, call it what you like, gives to each and every one of us a great opportunity if we only seize it with both hands and make the most of it. 
Author: Al Capone
Nationality: American
b. 17 January 1899  - d. 25 January 1947
  
 Trouble is only opportunity in work clothes. 
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 Under capitalism man exploits man; under socialism the reverse is true. 
Author: Anonymous
Nationality: American   
 Under capitalism, man exploits man. Under communism, it's just the opposite. 
Author: J. K. Galbraith
Nationality: American
b. December 1908
  
 What is genius, anyway, if it isn't the ability to give an adequate response to a great challenge? 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 When you're 50 you start thinking about things you haven't thought about before. I used to think getting old was about vanity - but actually it's about losing people you love. Getting wrinkles is trivial. 
Author: Joyce Carol Oates
Nationality: American
b. December 1938
  
 Do you know the only thing that gives me pleasure? It's to see my dividends coming in. 
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 Don't be afraid to give up the good to go for the great.  
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 Good leadership consists of showing average people how to do the work of superior people.  
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 I would rather earn 1% off a 100 people's efforts than 100% of my own efforts. 
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 If your only goal is to become rich, you will never achieve it. 
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 It is wrong to assume that men of immense wealth are always happy. 
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 The way to make money is to buy when blood is running in the streets. 
Author: John Davison Rockefeller Sr.
Nationality: American
b. December 1839  - d.  December 1937
  
 Following the rise of the Labour Party it seemed reasonable, in 1927, to expect, or at least hope, that co-operation for the common good might gradually replace the competitiveness of capitalism. 
Author: Dora Russell
Nationality: English
b. 3 April 1894  - d. 31 May 1986
  
 The ideology of capitalism makes us all into connoisseurs of liberty - of the indefinite expansion of possibility. 
Author: Susan Sontag
Nationality: American
b. 16 January 1933  - d. 28 December 2004
  
 Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly. 
Author: Mario Gianluigi Puzo
Nationality: American
b. 15 October 1920  - d. 02 July 1999
  
 An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Anything that we can do to raise personal savings is very much in the interest of this country. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Any informed borrower is simply less vulnerable to fraud and abuse. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 If you're going to move to private accounts, which I approve of, I think you have to do it in a cautious, gradual way. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 The Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen straight quarters, does not mean they will not be right in the fifteenth quarter. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 We need, in effect, to make the phantom 'lock-boxes' around the trust fund, real. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Unemployment is capitalism's way of getting you to plant a garden. 
Author: Orson Scott Card
Nationality: American
b. 24 August 1951
  
 Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself. 
Author: Margaret Hilda Thatcher
Nationality: British
b. 13 October 1925
  
 Capitalism is the legitimate racket of the ruling class. 
Author: Al Capone
Nationality: American
b. 17 January 1899  - d. 25 January 1947
  
 Fascism is capitalism in decay. 
Author: Vladimir Lenin
Nationality: Russian
b. 22 April 1870  - d. 21 January 1924
  
 If it were necessary to give the briefest possible definition of imperialism, we should have to say that imperialism is the monopoly stage of capitalism. 
Author: Vladimir Lenin
Nationality: Russian
b. 22 April 1870  - d. 21 January 1924
  
 If I had to give a definition of capitalism I would say: the process whereby American girls turn into American women. 
Author: Christopher Hampton
Nationality: British
b. 26 January 1946
  
 I have lived in Germany and know its language and literature, and the spirit and ideals of its rulers. Having given many years to a study of American capitalism, I am not blind to the defects of my own country; but, in spite of these defects, I assert that the difference between the ruling class of Germany and that of America is the difference between the seventeenth century and the twentieth. No question can be settled by force, my pacifist friends all say. And this in a country in which a civil war was fought and the question of slavery and secession settled! I can speak with especial certainty of this question, because all my ancestors were Southerners and fought on the rebel side; I myself am living testimony to the fact that force can and does settle questions - when it is used with intelligence. In the same way I say if Germany be allowed to win this war - then we in America shall have to drop every other activity and devote the next twenty or thirty years to preparing for a last-ditch defence of the democratic principle. 
Author: Upton Sinclair
Nationality: American
b. 20 September 1878  - d. 25 November 1968
  
 American capitalism is predatory, and American politics are corrupt: The same thing is true in England and the same in France; but in all these three countries the dominating fact is that whatever the people get ready to change the government, they can change it. The same thing is not true of Germany, and until it was made true in Germany, there could be no free political democracy anywhere else in the world - to say nothing of any free social democracy. My revolutionary friends who will not recognize this fact seem to me like a bunch of musicians sitting down to play a symphony concert in a forest where there is a man-eating tiger loose. For my part, much as I enjoy symphony concerts, I want to put my fiddle away in its case and get a rifle and go out and settle with the tiger. 
Author: Upton Sinclair
Nationality: American
b. 20 September 1878  - d. 25 November 1968
  
 Fascism is capitalism plus murder. 
Author: Upton Sinclair
Nationality: American
b. 20 September 1878  - d. 25 November 1968
  
 Capitalism has destroyed our belief in any effective power but that of self interest backed by force. 
Author: George Bernard Shaw
Nationality: British
b. 28 July 1856  - d. 2 November 1950
  
 The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system. 
Author: Milton Friedman
Nationality: American
b. 31 July 1912  - d. 16 November 2006
  
 This epic before us is going to be written by the hungry Indian masses, the peasants without land, the exploited workers. It is going to be written by the progressive masses, the honest and brilliant intellectuals, who so greatly abound in our suffering Latin American lands. Struggles of masses and ideas. An epic that will be carried forward by our peoples, mistreated and scorned by imperialism; our people, unreckoned with until today, who are now beginning to shake off their slumber. Imperialism considered us a weak and submissive flock; and now it begins to be terrified of that flock; a gigantic flock of 200 million Latin Americans in whom Yankee monopoly capitalism now sees its gravediggers. 
Author: Che Guevara
Nationality: Argentinean
b. 14 June 1928  - d. 910 December 1967
  
 Women are simply not endowed by nature with the same measures of single-minded ambition and the will to succeed in the fiercely competitive world of Western capitalism. 
Author: Patrick J. Buchanan
Nationality: American
b. 2 November 1938
  
 I am an American in every fiber of my body and in every heartbeat.I am an American in every fiber of my body and in every heartbeat. 
Author: Henry Heinz
Nationality: American
b. 11 October 1844  - d. 14 May 1919
  
 It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life. 
Author: Hjalmar Schacht
Nationality: German
b. 22 January 1877  - d. 3 June 1970
  
 Of all the modern economic theories, the economic system of Marxism is founded on moral principles, while capitalism is concerned only with gain and profitability. Marxism is concerned with the distribution of wealth on an equal basis and the equitable utilization of the means of production. It is also concerned with the fate of the working classes - that is, the majority - as well as with the fate of those who are underprivileged and in need, and Marxism cares about the victims of minority-imposed exploitation. For those reasons the system appeals to me, and it seems fair. I just recently read an article in a paper where His Holiness the Pope also pointed out some positive aspects of Marxism. 
Author: Dalai Lama
Nationality: Tibetan
b. December 1935
  
 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. 
Author: Sarah Palin
Nationality: American
b. 11 February 1964
  
 Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline. 
Author: Philip Milton Roth
Nationality: American
b. 19 March 1933
  
 Should you protect profits? Yes. But run for the hills? No. 
Author: Philip Milton Roth
Nationality: American
b. 19 March 1933
  
 In 2005 the ABC chose Guy Rundle, one of Australia's leading Howard-haters, to produce its brand new arts program titled Vulture. At the time Ms Rundle was on the board of the faintly (or is it quaintly?) quasi-Marxist magazine Arena. The comedy writer-cum-arts guru engaged a series of overwhelmingly fashionable leftist panelists who, inter alia, used such concepts as 'white middle class' and 'capitalism' as terms of abuse. Not one conservative got a gig on the panel. However, the social democrat Peter Craven made some important contributions against the all-pervading fashionable leftism on Vulture. Needless to say, he stood alone. 
Author: Gerard Henderson
Nationality: Australian   
 The next time believers tell you that 'separation of church and state' does not appear in our founding document, tell them to stop using the word 'trinity.' The word 'trinity' appears nowhere in the bible. Neither does Rapture, or Second Coming, or Original Sin. If they are still unfazed (or unphrased), by this, then add Omniscience, Omnipresence, Supernatural,Transcendence, Afterlife, Deity, Divinity, Theology, Monotheism, Missionary, Immaculate Conception, Christmas, Christianity, Evangelical, Fundamentalist, Methodist, Catholic, Pope, Cardinal, Catechism, Purgatory, Penance, Transubstantiation, Excommunication, Dogma, Chastity, Unpardonable Sin, Infallibility, Inerrancy, Incarnation, Epiphany, Sermon, Eucharist, the Lord's Prayer, Good Friday, Doubting Thomas, Advent, Sunday School, Dead Sea, Golden Rule, Moral, Morality, Ethics, Patriotism, Education, Atheism, Apostasy, Conservative (Liberal is in), Capital Punishment, Monogamy, Abortion, Pornography, Homosexual, Lesbian, Fairness, Logic, Republic, Democracy, Capitalism, Funeral, Decalogue, or Bible. 
Author: Dan Barker
Nationality: American
b. 25 June 1949
  
 Publicity is the life of this culture - in so far as without publicity capitalism could not survive - and at the same time publicity is its dream. 
Author: John Berger
Nationality: English
b. 5 November 1926
  
 "Tough love" is just the right phrase: love for the rich and privileged, tough for everyone else. 
Author: Noam Chomsky
Nationality: American
b. 7 December 1928
  
 The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 Let me summarize what I've been saying about the stock market: I think it's very hard to come up with a persuasive case that equities will over the next 17 years perform anything like - anything like - they've performed in the past 17. If I had to pick the most probable return, from appreciation and dividends combined, that investors in aggregate - repeat, aggregate - would earn in a world of constant interest rates, 2% inflation, and those ever hurtful frictional costs, it would be 6%. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 A market economy creates some lopsided payoffs to participants. The right endowment of vocal chords, anatomical structure, physical strength, or mental powers can produce enormous piles of claim checks (stocks, bonds, and other forms of capital) on future national output. Proper selection of ancestors similarly can result in lifetime supplies of such tickets upon birth. If zero real investment returns diverted a bit greater portion of the national output from such stockholders to equally worthy and hardworking citizens lacking jackpot-producing talents, it would seem unlikely to pose such an insult to an equitable world as to risk Divine Intervention. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 Fraught with questions that relate to societal attitudes and those of the present administration. I would not like to have a significant percentage of my net worth invested in tobacco businesses. The economy of the business may be fine, but that doesn't mean it has a bright future. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. 
Author: Warren Buffett
Nationality: American
b. December 1930
  
 The rich people are the ones making money and you have to treat them well so they continue making more money. 
Author: Captain General Augusto Pinochet
Nationality: Chilean
b. 25 November 1915  - d. 10 December 2006
  
 But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Deficit spending is simply a scheme for the confiscation of wealth. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 The resolution of our current account deficit and household debt burdens does not strike me as overly worrisome, but that is certainly not the case for our fiscal deficit, which, according to the Congressional Budget Office, will rise significantly as the baby boomers start to retire in 2008. Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces that stabilize other imbalances. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 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. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I said. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Since becoming a central banker, I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 The reason there is very little support for the gold standard is the consequences of those types of market adjustments are not considered to be appropriate in the 20th and 21st century. I am one of the rare people who have still some nostalgic view about the old gold standard, as you know, but I must tell you, I am in a very small minority among my colleagues on that issue. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Rising interest rates have been advertised for so long and in so many places that anyone who has not appropriately hedged this position by now obviously is desirous of losing money. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 History has not dealt kindly with the aftermath of protracted periods of low risk premiums. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 There are signs of froth in some local markets where home prices seem to have risen to unsustainable levels. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 I really didn't get it until very late in 2005 and 2006. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 We had a bubble in housing. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this. 
Author: Alan Greenspan
Nationality: American
b. 06 March 1926
  
 Having an aim is the key to achieving your best. 
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 I always have to dream up there against the stars. If I don't dream I will make it, I won't even get close. 
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 I make progress by having people around me who are smarter than I am and listening to them. And I assume that everyone is smarter about something than I am.  
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 Live daringly, boldly, fearlessly. Taste the relish to be found in competition - in having put forth the best within you.  
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 Problems are only opportunities in work clothes.  
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 When your work speaks for itself, don't interrupt. 
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 You can't sit on the lid of progress. If you do, you will be blown to pieces. 
Author: Henry J. Kaiser
Nationality: American
b. 09 May 1882  - d. 24 August 1967
  
 That’s America for you - a red herring culture, always scared of the wrong things. The fact is, there are a lot of creepy middle-aged men out there lusting for your kids. They work for MTV, the pharmaceutical industry, McDonald’s, Marlboro and K Street. And recently, there’s been a rash of strangers making their way onto school campuses and targeting our children for death. They’re called military recruiters. More young Americans were crippled in Iraq last month than in any month in the past three years. And the scandal is that Mark Foley wants to show them a good time before they go? When will our closeted gay congressmen learn? Our boys aren’t for pleasure. They’re for cannon fodder. They shouldn’t be another notch on your bedpost. They should be a comma in Bush’s war. If I hear a zipper, it had better be on a body bag. Why aren’t Democrats and the media hammering away every day about who we’re supposed to be fighting for over there and what the plan is. Yes, Mark Foley was wrong to ask teenagers how long their penises were - but at least someone on Capitol Hill was asking questions. We’re the predators. Because we have an entire economy built on asking young people what they want, making the cheapest, sleaziest form of it they’ll accept, and selling it to them until they choke on it and die. You know who’s grabbing your kids at too young an age? Merck, Pfizer and GlaxoSmithKline, by convincing you they’re depressed, hyperactive or suffering from attention-deficit disorder and so they must all get medicated. The drug dealers hooking your kids aren’t in South America, they’re in the halls of Congress handing out campaign donations to your congressmen. Mark Foley says he never slept with those kids, and I believe him, because American children are so hopped up on pills I doubt any of them could get it up. From 1995 to 2002, the number of children prescribed antipsychotic drugs increased by over 400 percent. Either our children are going insane - which we might look on as a problem - or, more likely, we have, for profit, created a nation of little junkies. So stop already with the righteous moral indignation about predators - this whole country is trying to get inside your kid’s pants because that’s where he keeps the money Daddy gave him to stay out of his hair. I don’t care if Mark Foley had been asking boys to describe their penises because I have some sad news for you: Your kid is so larded out on Cheetos and Yoo-hoo, he can’t even see his penis. We live in a country where the ultimate consumer is an obese 16-year-old hooked up at one end to a Big Gulp and at the other to a PlayStation. So many of our kids today are fat drug addicts, it’s almost as if Rush Limbaugh had had puppies. In conclusion, we can pretend that the biggest threat to “our children” is some creep on the Internet, or we can admit it’s Mom and Dad. Because, when your son can’t find France on a map, or touch his toes with his hands, or understand that the ads on TV are lying - including the one in which the Marine turns into Lancelot - then the person fucking him is you. 
Author: Bill Maher, Jr.
Nationality: American
b. 20 January 1956
  
 "The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression. 
Author: John Ralston Saul
Nationality: Canadian
b. 19 June 1947
  
 But now, in this century of ideologies, the Gods and Destiny have been given new life. "Miracles in the world are many," Sophocles wrote in the fifth century BC. "There is no greater miracle than man." Suddenly, at the end of the twentieth century, we discover that no, after all, it isn't true. Historical inevitability is a greater miracle than man. As is the dialectic. As is the superiority of various groups according to blood type. As is the genius of an abstract mechanism called the market. As is the leadership of inanimate objects - called technology - which worker bees create and then, inevitably, are led by. These inevitabilities are great leaps backward into the arms of the Gods and Destiny. 
Author: John Ralston Saul
Nationality: Canadian
b. 19 June 1947
  
 Socialism is nothing but the capitalism of the lower classes. 
Author: Oswald Arnold Spengler
Nationality: German
b. 29 May 1880  - d. 08 May 1936
  
 Think about the strangeness of today's situation. Thirty, forty years ago, we were still debating about what the future will be: communist, fascist, capitalist, whatever. Today, nobody even debates these issues. We all silently accept global capitalism is here to stay. On the other hand, we are obsessed with cosmic catastrophes: the whole life on earth disintegrating, because of some virus, because of an asteroid hitting the earth, and so on. So the paradox is, that it's much easier to imagine the end of all life on earth than a much more modest radical change in capitalism. 
Author: Slavoj Žižek
Nationality: Slovenian
b. 21 March 1949
  
 The President of the United States did not suffer from such disadvantages of birth. He claimed both Irish and Jewish blood, a contention which, though never proven, was of itself sufficient to carry New York State regularly for his party. Sceptics pointed out that the man was neither rich nor drunk very often. 
Author: Paul Emil Erdman
Nationality: American
b. 19 May 1932  - d. 24 April 2007
  
 It was just after seven in the evening of Monday, October 27. The fall weather had been fantastic all over Europe that year, and was still holding. The trees in the small park adjacent to the cathedral had not yet lost all of their leaves. But the brown leaves that remained rustled in the light breeze coming over the Rhine from the hills of the Black Forest, darkly brooding on the horizon. 
Author: Paul Emil Erdman
Nationality: American
b. 19 May 1932  - d. 24 April 2007
  
 In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy. 
Author: Fran Lebowitz
Nationality: American
b. 27 October 1950
  
 Money is a stupid measure of achievement, but unfortunately it is the only universal measure we have. 
Author: Charles P. Steinmetz
Nationality: American
b. 9 April 1865  - d. 26 October 1923
  
 We could call it Romnesia: the ability of the very rich to forget the context in which they made their money. To forget their education, inheritance, family networks, contacts and introductions. To forget the workers whose labour enriched them. To forget the infrastructure and security, the educated workforce, the contracts, subsidies and bailouts the government provided. Every political system requires a justifying myth. The Soviet Union had Alexey Stakhanov, the miner reputed to have extracted 100 tonnes of coal in six hours. The US had Richard Hunter, the hero of Horatio Alger's rags-to-riches tales. Both stories contained a germ of truth. Stakhanov worked hard for a cause in which he believed, but his output was probably faked. When Alger wrote his novels, some poor people had become very rich in the US. But the further from its ideals (productivity in the Soviet Union, opportunity in the US) a system strays, the more fervently its justifying myths are propounded. As the developed nations succumb to extreme inequality and social immobility, the myth of the self-made man becomes ever more potent. It is used to justify its polar opposite: an unassailable rent-seeking class, deploying its inherited money to finance the seizure of other people's wealth. Advertisement The crudest exponent of Romnesia is the Australian mining magnate Gina Rinehart. ''There is no monopoly on becoming a millionaire,'' she insists. ''If you're jealous of those with more money, don't just sit there and complain; do something to make more money yourselves - spend less time drinking or smoking and socialising and more time working … Remember our roots, and create your own success.'' Remembering her roots is what Rinehart fails to do. She forgot to add that if you want to become a millionaire - in her case a billionaire - it helps to inherit an iron ore mine and a fortune from your father and to ride a commodities boom. Had she spent her life lying in bed and throwing darts at the wall, she would still be stupendously rich. Rich lists are stuffed with people who either inherited their money or who made it through rent-seeking activities: by means other than innovation and productive effort. They're a catalogue of speculators, property barons, dukes, IT monopolists, loan sharks, bank chiefs, oil sheikhs, mining magnates, oligarchs and chief executives paid out of all proportion to any value they generate. Looters, in short. The richest mining barons are those to whom governments sold natural resources for a song. Russian, Mexican and British oligarchs acquired underpriced public assets through privatisation, and now run a toll-booth economy. Bankers use incomprehensible instruments to fleece their clients and the taxpayer. But as rentiers capture the economy, the opposite story must be told. Scarcely a Republican speech fails to reprise the Richard Hunter narrative, and almost all these rags-to-riches tales turn out to be bunkum. ''Everything that Ann and I have,'' Mitt Romney claims, ''we earned the old-fashioned way.'' Old-fashioned like Blackbeard, perhaps. Two searing exposures in Rolling Stone magazine document the leveraged buyouts which destroyed viable companies, value and jobs, and the costly federal bailout which saved Romney's political skin. Romney personifies economic parasitism. The financial sector has become a job-destroying, life-crushing machine, which impoverishes others to enrich itself. The tighter its grip on politics, the more its representatives must tell the opposite story: of life-affirming enterprise, innovation and investment, of brave entrepreneurs making their fortunes out of nothing but grit and wit. There is an obvious flip side to this story. ''Anyone can make it - I did without help'' translates as ''I refuse to pay taxes to help other people, as they can help themselves'' - whether or not they inherited an iron ore mine from daddy. In the article in which she urged the poor to emulate her, Rinehart also proposed that the minimum wage should be reduced. Who needs fair pay if anyone can become a millionaire? In 2010, the richest 1 per cent in the US captured an astonishing 93 per cent of that year's gain in incomes. In the same year, corporate chief executives made, on average, 243 times as much as the median worker (in 1965 the ratio was 10 times lower). Between 1970 and 2010, the Gini coefficient, which measures inequality, rose in the US from 0.35 to 0.44: an astounding leap. As for social mobility, of the rich countries listed by the OECD, the three in which men's earnings are most likely to resemble their father's are, in this order, Britain, Italy and the US. If you are born poor or born rich in these nations, you are likely to stay that way. It is no coincidence that these three countries all promote themselves as lands of unparalleled opportunity. Equal opportunity, self-creation, heroic individualism: these are the myths that predatory capitalism requires for its political survival. Romnesia permits the ultra-rich both to deny the role of other people in the creation of their own wealth and to deny help to those less fortunate than themselves. 
Author: George Monbiot
Nationality: English
b. 27 January 1963
  




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