A Quote by John Fetterman
Once one of the most important steel manufacturing centers in the world, Braddock - what's left of it - solemnly affirms one of the great economic maxims of our society: socialism for the rich, and capitalism for the poor.
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Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.
Instead of poor America on socialism becoming more like rich America on capitalism, rich America on capitalism is becoming like poor America on socialism.
In our society competitive capitalism has put family life and working life on a collision course.In Canada statistics show that over 70 percent of the burden of caring for children, the aged, the disabled and the sick falls on women most of whom receive no pay for these very essential tasks.Normally speaking, it may be said that the forces of capitalism, if left unchecked, tend to make the rich richer and the poor poorer and thus increase the gap between them.
We all too often have socialism for the rich and rugged free market capitalism for the poor.
In the course of history periods of capitalism and socialism alternate with one another; capitalism is the unnatural, socialism the natural economic system... The National Socialists and the Red Front have the same aspirations. The Jews falsified the Revolution in the form of Marxism and that failed to bring fulfilment.
Growing up in Buffalo, I saw shuttered factories that once housed thousands of steel manufacturing jobs. I remember the hollowing-out of the middle class in our community. I witnessed hope turn to hardship as a once-thriving city reckoned with a fast-changing world.
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
We fought hard for socialism in a devastating war of independence and reunification. To build an affluent and prosperous society, we chose the path of a socialist market economy. We have achieved strong economic growth, and yet the sense of solidarity in our society has not been lost. This is very important to people.
God wants us to show compassion and understanding toward the unemployed or the poor not because they are poor, but because poor people, with help from those who are already successful, can become rich. And when the poor become rich, all will benefit, because in our modern economy new unemployment is the first sign of economic growth.
There is an old joke about socialism as the synthesis of the highest achievements of the whole human history to date: from prehistoric societies it took primitivism; from the Ancient world it took slavery; from medieval society brutal domination; from capitalism exploitation; and from socialism the name.
The major western democracies are moving towards corporatism. Democracy has become a business plan, with a bottom line for every human activity, every dream, every decency, every hope. The main parliamentary parties are now devoted to the same economic policies - socialism for the rich, capitalism for the poor - and the same foreign policy of servility to endless war. This is not democracy. It is to politics what McDonalds is to food.
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.
The possible signs of a coming collapse are the same as the greatest strengths of Western civilization: democracy, capitalism, the generally peaceful linking of world economic systems, our amazing success in harnessing the powers of nature to the betterment of the human condition in health, subsistence, longevity. These are the hallmarks of our society - its most successful elements.
The free market is 'socialism' for the rich: the public pays the costs and the rich get the benefit - markets for the poor and plenty of state protection for the rich.
Capitalism is like the law of the jungle with a few rules. There isn't another system that works for our society but left unchecked, capitalism can have a dehumanising effect.
Capitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.
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