A Quote by Andrew Ross Sorkin

I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he's a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an institution, I think, went against every part of him.

Andrew Ross Sorkin

Quote Topics

Against Anathema Bailing Out Bailout Believes Believing Capitalism Concept Day Day One Every Failure Free Free Market Hank Him Idea Institution Out Part Republican Think

Quote Author

Andrew Ross Sorkin
American - Journalist
Born: February 19, 1977

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

I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.

Kumar Mangalam Birla

If you work for a man, in heavens name work for him! If he pays you wages that supply you your bread and butter, work for him speak well of him, think well of him, stand by him and stand by the institution he represents. I think if I worked for a man I would work for him. I would not work for him a part of the time, and the rest of the time work against him. I would give an undivided service or none. If put to the pinch, an ounce of loyalty is worth a pound of cleverness.

Elbert Hubbard

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.

Every time I say the word capitalism, everyone just assumes I have plenty of Marxism in me, I do. But Russia and China had their bloody revolutions and even while they were Communist, they had the same idea about generating wealth - tear it out of the bowels of the earth. And now they have come out with the same idea in the end... you know, capitalism. But capitalism will fail, too.

Arundhati Roy

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

Capitalism is not about the profit motive. Capitalism is about free markets. What you do in the market, in your free will, is the essence of capitalism.

Muhammad Yunus

Capitalism has never stood back and examined itself properly. I think everybody knows that capitalism is the only thing that works, but is the current form of capitalism the best way of it working?

Richard Branson

I used to be a businessman and I enjoyed what I did and I thought that it was socially useful. I don't have anything against business or private enterprise or capitalism per se, but I think that it is time to rethink the regulation of capitalism.

Charles Ferguson

Anarchism is opposed to states, armies, slavery, the wages system, the landlord system, prisons, monopoly capitalism, oligopoly capitalism, state capitalism, bureaucracy, meritocracy, theocracy, revolutionary governments, patriarchy, matriarchy, monarchy, oligarchy, protection rackets, intimidation by gangsters, and every other kind of coercive institution. In other words, anarchism opposes government in all its forms.

Donald Rooum

When I think about capitalism, I think about all the small businesses that were started because we have the opportunity and the freedom in America for people to do that and to make a good living for themselves and their families. And I don't think we should confuse what we have to do every so often in America, which is save capitalism from itself.

Hillary Clinton

Part of the reason [Donald Trump] destroyed his Republican challengers is because they agree with him on issues. And he apparently struck a vein of entertainment among the Republican primary voters, so all they had left was kind of whining and insulting back and forth, as opposed to taking him on where I think a presidential election should.

Hillary Clinton

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

Capitalism demands the best of every man - his rationality - and rewards him accordingly. It leaves every man free to choose the work he likes, to specialize in it, to trade his product for the products of others, and to go as far on the road of achievement as his ability and ambition will carry him.

Ayn Rand

I think the thing about capitalism is it's an evil necessity, capitalism. Communism has been tried and failed, and socialism, that doesn't work very well. Capitalism works, but the problem about capitalism is it does mean that a few individuals become very wealthy. Therefore, I think those individuals have enormous responsibility to redistribute that wealth either by creating new businesses or creating new jobs and making sure that money just doesn't lie in a bank account for future generations.

Richard Branson

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.