A Quote by Lech Walesa

Capitalism is in crisis. — © Lech Walesa
Capitalism is in crisis.
Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.
What we have been living for three decades is frontier capitalism, with the frontier constantly shifting location from crisis to crisis, moving on as soon as the law catches up.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
Today, capitalism faces a deep structural crisis.
Capitalism is a powerful producer of output, crisis-mongering on the left notwithstanding, and this too makes the system seem to have a lot of promise. This is why it is so important to agitate against the system in good times and bad. We can't depend on some super crisis to get folks thinking but instead have to focus on all of the contradictions of the system which cannot be ultimately resolved by it.
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.
In fact, the environmental crisis is related to the crisis of aesthetics, crisis of social cohesion and the crisis of spiritual values.
I believe the world, and particularly the Judeo-Christian West, is in a crisis. And it is a crisis of - both of capitalism, but really of the underpinnings of the Judeo-Christian West and our beliefs. We are in an outright war against jihadists, Islam, Islamic fascism. And this war is, I think, metastasizing almost far quicker than governments can handle it.
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.
We are often told that capitalism is in crisis, but look around the world and you'll see that it has never been so buoyant.
The crisis of the church is not at its deepest level a crisis of authority, or a crisis of dogmatic theology. It is a crisis of powerlessness in which our sole recourse is to call on the help and inward power of the Holy Spirit.
There's a real difference between venture capitalism and vulture capitalism. Venture capitalism we like. Vulture capitalism, no. And the fact of the matter is that he's going to have to face up to this at some time or another, and South Carolina is as good a place to draw that line in the sand as any.
It is popular to call it a crisis of the Western world. It is in fact a crisis of the whole world. Communism, which claims to be a solution of the crisis, is itself a symptom and an irritant of the crisis.
I've said for thirty years that capitalism is an exhausted system. But now you can see the handwriting everywhere. And one especially horrifying part is the fiscal crisis.
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.
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.
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