A Quote by Mark Carney
Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.
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What type of new economical system can organize this system? There is another sector in our life, that we rely on every single day, that are absolutely essential: the social commons, the social economy. It is all the activity we engage in to create social capital. It doesn't create capital market. Social commons is growing faster than the market place. It is growing faster than the market place. The social commons include any activity that is deeply social and collaborative.
The revolution eats its own. Capitalism re-creates itself.
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.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
It is essential to ensure that the Fourth Industrial Revolution is a sustainable one for people and planet. It could even drive greater innovation, not only for short-term benefits and solutions for human wealth but also long-term solutions that benefit all and enable planetary stability.
The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.
The advantage of the free market system is that people invest their capital, they create jobs by investing their capital, and hopefully they get a return on that investment. I don't think there's anything wrong with good old American capitalism.
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
There is a contradiction between market liberalism and political liberalism. The market liberals (e.g., social conservatives) of today want family values, less government, and maintain the traditions of society (at least in America's case). However, we must face the cultural contradiction of capitalism: the progress of capitalism, which necessitates a consumer culture, undermines the values which render capitalism possible
I don't find any difference between Islam and Islamic fundamentalists. I believe religion is the root, and from the root fundamentalism grows as a poisonous stem. If we remove fundamentalism and keep religion, then one day or another fundamentalism will grow again. I need to say that because some liberals always defend Islam and blame fundamentalists for creating problems. But Islam itself oppresses women. Islam itself doesn't permit democracy and it violates human rights.
Social Democracy preached against capitalism for half a century. After the November revolution the Reds had the opportunity to direct capitalism into the proper paths: but nothing happened!
So the stock market could have a negative wealth effect and weigh on capital spending, but a sharp decline in long-term interest rates would be an important counterweight.
Capitalism has survived communism. Now, it eats away at itself.
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
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.
The current information revolution is a cultural revolution, a social revolution, a thoroughgoing technological revolution that involves not just information, but labor, leisure, entertainment, communication, education, culture and thus is part of a major cultural and social shift.
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