A Quote by Chrystia Freeland
The high-tech, globalized capitalism of the 21st century is very different from the postwar version of capitalism that performed so magnificently for the middle classes of the Western world.
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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.
It should be no surprise that religion in the non-western world has failed to disappear under the juggernaut of industrial capitalism, or that liberal democracy finds its most dedicated saboteurs among the new middle classes.
At the turn of the [21st] century it was really Sergey Brin at Google who just had the thought of, well, if we give away all the information services, but we make money from advertising, we can make information free and still have capitalism. But the problem with that is it reneges on the social contract where people still participate in the formal economy. And it's a kind of capitalism that's totally self-defeating because it's so narrow. It's a winner-take-all capitalism that's not sustaining.
The success of Prozac says that today's high-tech capitalism values a very different temperament. Confidence, flexibility, quickness, and energy - the positive aspects of hyperthymia - are at a premium.
Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes.
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.
As far as Marx's analysis of capitalism, there's a lot of very useful ideas in it, but he's developing an abstract model of 19th century capitalism. It's abstract and it's changed.
Basically, global capitalism, basically to support it, or is it to be opposed? Is international order to be supported, or is it to be opposed? Republicans have taken a very clear line. Democrats can have a different version of the line, or they can just say, no, we are the party of international peace and activism, and we're the party that's going to have a civilized capitalism.
One of the popular views in the liberal circles of the West is that we are actually 'all victims of capitalism'. I disagree. This savage global capitalism is only one of the most terrible bi-products of the dominant Western culture of racism, greed, brutality and unbridled desire to control the world.
In 21st century America, capitalism has been unfettered from the regulations that democratized it and made it serve society.
I imagine you already know that I am much more socialistic in my economic theory than capitalistic. And yet I am not so opposed to capitalism that I have failed to see its relative merits. It started out with a noble and high motive, to block the trade monopolies of nobles, but like most human systems it falls victim to the very thing it was revolting against. So today capitalism has outlived its usefulness. It has brought about a system that takes necessities from the masses to give luxuries to the classes.
I think about capitalism, consumerism, our consumptive nature as a species approaching the 21st century. I certainly don't have the answers.
Here's what I don't think works: An economic system that was founded in the 16th century and another that was founded in the 19th century. I'm tired of this discussion of capitalism and socialism; we live in the 21st century, we need an economic system that has democracy as its underpinnings and an ethical code.
Here's what I don't think works: An economic system that was founded in the 16th century and another that was founded in the 19th century. I'm tired of this discussion of capitalism and socialism; we live in the 21st century; we need an economic system that has democracy as its underpinnings and an ethical code.
I'm tired of this discussion of capitalism and socialism; we live in the 21st century, we need an economic system that has democracy as its underpinnings and an ethical code.
The slave states of Western world are an outgrowth of monopolistic capitalism - an economic system which is opposed to the wide distribution of private property in many hands. Instead, monopolistic capitalism concentrates productive wealth among a few men, allowing the rest to become a vast proletariat.
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