A Quote by Michael Novak
What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
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Democracy is not compatible with capitalism but is congruent with a version of democratic socialism in which the wealth, resources, and benefits of a social order are shared in an equitable and just manner.
Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals.
Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children.
We've been so preoccupied with getting the government to behave in a fair and democratic way, we were not able to focus on the private sector where most of the jobs are, where most of the wealth and opportunities are.
We’ve been so preoccupied with getting the government to behave in a fair and democratic way, we were not able to focus on the private sector where most of the jobs are, where most of the wealth and opportunities are.
Creativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
The Popular Unity government represented the first attempt anywhere to build a genuinely democratic transition to socialism - a socialism that, owing to its origins, might be guided not by authoritarian bureaucracy, but by democratic self-rule.
If you were to ask me to choose between democratic values and wealth, power, prosperity and fame, I will very easily and without any doubt choose democratic values.
If you don't put a value on money and seek wealth, you most probably won't receive it. You must seek wealth for it to seek you. If no burning desire for wealth arises within you, wealth will not arise around you. Having definiteness of purpose for acquiring wealth is essential for its acquisition.
The baby boomers are out there, they've had a lot of good years of earnings, they've inherited wealth. They are buying trophy homes and will be for years. We are one of those places people dream of. They come here to buy a piece of that dream.
And you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold.
No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect... To cure the British disease with socialism was like trying to cure leukemia with leeches.
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.
States can be more or less democratic, and so can socialism. I think any ideal society that exists on a large scale, which is what we most likely have in store for us as a human race, will involve some aspects of socialism.
Suddenly absurdism wasn’t an intellectual abstraction, it was actually realism. You could see the way that wealth was begetting wealth, wealth was begetting comfort — and that the cumulative effect of an absence of wealth was the erosion of grace.
The 'American dream' ... means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The 'American dream' also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them. In recent years, the dream has been fading.
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