A Quote by Charles Koch
Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
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But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
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.
A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.
Free market capitalism has done more for the soul of the human race than any other system. And it's created the highest standard of living.
You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.
Crony capitalism on the left and crony capitalism on the right are still crony capitalism.
Capitalism is always in danger of inspiring men to be more concerned about making a living than making a life. We are prone to judge success by the index of our salaries or the size of our automobiles, rather than by the quality of our service and relationship to humanity-thus capitalism can lead to a practical materialism that is as pernicious as the materialism taught by communism.
We want capitalism and market forces to be the slave of democracy rather than the opposite.
Point is, you can't find a country on earth with a higher standard of living. You can't find a country higher than America. You can't find a place on earth where the opportunity to grow your standard of living, as an individual, is greater than the United States of America. Capitalism may not be perfect, but it's better than anything else that's out there.
I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
If you do the same thing as others, it will wear you out. Nintendo is not good at competing so we always have to challenge the status quo by making something new, rather than competing in an existing market.
The journey to limit crony capitalism: It's a journey, it's not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
But I'd rather help than watch. I'd rather have a heart than a mind. I'd rather expose too much than too little. I'd rather say hello to strangers than be afraid of them. I would rather know all this about myself than have more money than I need. I'd rather have something to love than a way to impress you.
We stand for a living wage. Wages are subnormal if they fail to provide a living for those who devote their time and energy to industrial occupations. The monetary equivalent of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living-a standard high enough to make morality possible, to provide for education and recreation, to care for immature members of the family, to maintain the family during periods of sickness, and to permit of reasonable saving for old age.
In ancient times, we were users; we used the commodities in accordance to our needs. Using is not sufficient for the modern market; it needs consumers. Consuming means consuming things much more than the natural need of humanity or of any living being.
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