A Quote by John C. Bogle

Central to the effective functioning of early capitalism was the fundamental principle of trusting and being trusted.

John C. Bogle

Quote Topics

Being Being Trusted Capitalism Central Early Effective Fundamental Principle Trusted Trusting

Quote Author

John C. Bogle
American - Businessman
May 8, 1929 - January 16, 2019

Under capitalism, we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control.

Noam Chomsky

If the central contest of the twentieth century has pitted capitalism against socialism, then F. A. Hayek has been its central figure. He helped us to understand why capitalism won by a knockout. It was Hayek who elaborated the basic argument demonstrating that central planning was nothing else but an impoverishing fantasy.

Kenneth Minogue

Dancing is being trusted with other people's guts; choreographing is trusting other people with yours. When I choreograph I'm giving a dancer something to do and trusting the dancer to do it and build on it.

Judith Jamison

I wanted to explain that trusting is harder than being trusted.

Simon Van Booy

We lay down a fundamental principle of generalization by abstraction: The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features.

E. H. Moore

A new model of heroic capitalism based on principle-driven, free-market entrepreneurship deserves a central place in business-ethics thought and action.

Robert L. Bradley, Jr.

There is one central characteristic of anarchism on the matter of means, and that central principle is a principle of direct action - of not going through the forms that the society offers you, of representative government, of voting, of legislation, but directly taking power.

Howard Zinn

A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

Ron Paul

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

The prevailing theory of capitalism suffers from one central and disabling flaw, a profound distrust and incomprehension of capitalism.

George Gilder

In a Nutshell - Fundamental Techniques In Handling People; Principle 1 - Don't criticize, condemn or complain; Principle 2 - Give honest and sincere appreciation; Principle 3 - Arouse in the other person an eager want.

Dale Carnegie

There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.

Friedrich August von Hayek

The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.

Mark Skousen

I decided this early on at Justice: if the traditional way was the most effective way of doing something, then we'd maintain it. But if it was not functioning at optimum levels, we would be doing the country a disservice by continuing to do things "like we've always done them."