A Quote by James Wolfensohn

I think that so-called capitalism and trade is a very important element in giving people opportunity. — © James Wolfensohn
I think that so-called capitalism and trade is a very important element in giving people opportunity.
From the time I entered cabinet, the emphasis was on reforms, but reforms which did not abolish separate development, but reforms which were aimed at changing the very, very dehumanising aspects. Giving greater freedom of movement, giving private property ownership within so-called white South Africa also to blacks. Abolishing the concept of job reservation on the basis of race and colour. Allowing free organisation for trade unions, also black trade unions.
If any one element of French cooking can be called important, basic and essential, that element is soup.
Especially in the realm of bringing an opportunity to do something creative to people, as I said, who wouldn't ordinarily have that opportunity. I think that's very important.
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.
There is a documentary element in my films, a very strong documentary element, but by documentary element, I mean an element that's out of control, that's not controlled by me. And that element is the words, the language that people use, what they say in an interview. They're not written, not rehearsed. It's spontaneous, extemporaneous material. People
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.
I think that when it comes to issues of trade, I think it is important for us to be in favor of trade, but I also think it is important to make sure that we are putting in place the labor standards, the environmental standards, that are going to provide some of a fighting chance for American workers.
Capitalism is like this fractal thing where anything that contains an element of capitalism anywhere inside it is just something that turns into capitalism. It is an incredibly defeatist attitude. If you choose to look at reality that way, I suppose you can, but you have to do enormous violence to reality to do so consistently.
I think it's very important for me to work on myself while I'm working on a character, and also it's important how I'm giving to and educating an audience. So I tend to go with people who are complex and substantive.
I think one of the most important things we can do for people is to expand opportunity - whether it's the opportunity to live a life free of discrimination or the opportunity to get a good job that provides a gateway to the middle class. I've dedicated my career to expanding opportunity, and it's proven incredibly rewarding.
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.
Connection is very important. It's extremely important for me to be connected and sharing with other people, giving them what I feel is important.
But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?
I think that trade is an important issue. Of course, we are 5 percent of the world's population; we have to trade with the other 95 percent. And we need to have smart, fair trade deals.
Most people have stereo vision, so why belittle that very, very important element of our existence?
My message is that giving is very important. Giving is a Jewish thing, and I like to talk about that. There's nothing more important, personally, for anybody than being able to give.
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