A Quote by Muhammad Yunus

The crisis is the price for the capitalist system

Muhammad Yunus

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Capitalist Crisis Price System

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Muhammad Yunus
Bangladeshi - Economist
Born: June 28, 1940

It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.

Michal Kalecki

My idea, as the whole world knows, is that the capitalist system now doesn't work either for the United States or the world, driving it from crisis to crisis, which are each time more serious.

Fidel Castro

For me, it is clear that we are currently in a period of structural crisis of capitalism going back to the 1970s, but deepening in our time. Persistent economic stagnation together with neoliberal austerity has at this point seriously undermined the stability of the liberal-democratic state and thus the political command sector of the capitalist system. This has led to a dangerous resurgence of political movements in the fascist genus, representing an alternative way of managing the state of the capitalist system, opposed to liberal democracy.

John Bellamy Foster

If there are indeed any iron laws of history, one of them is surely that in any major crisis of the capitalist system, a sector of the liberal middle class will shift to the left, and then shift smartly back again once the crisis has blown over.

Terry Eagleton

Capitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.

Peter Singer

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

Lee Hsien Loong

Marxists have more than once pointed out that the capitalist world economic system contains in itself the seeds of a general crisis and of warlike clashes.

Joseph Stalin

There is no real answer [to the U.S. economic crisis] but to remove brick by brick the capitalist system itself, rebuilding the entire society on socialist principles.

Robert Waterman McChesney

The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.

Robert Gilpin

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.

Michael Yates

Today, we live in a world of incredible wealth and technology, alongside the most horrendous conditions of poverty, war and environmental crisis. This is result of capitalism, a system based on prioritizing profits not human need where the wealth is concentrated in the hands of a capitalist elite.

Kshama Sawant

We're facing a crisis that we have not provoked, yet we are the main victims of the greatest crisis since the 1930s. It's not been generated by factors external to the system, but by factors that are of the very essence of the system: exacerbated individualism, deregulation, competition, and so on.

Rafael Correa

It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon the simple production of commodities.

Rudolf Hilferding

If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.

Marc Andreessen

In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business.

Max Keiser

We live in a capitalist system; anyone who believes they are above this system or purer than this system, even while shopping at the cute organic market across the street or taking a hiking vacation to Guatemala, is certifiable.

Katy Lederer

A Quote by Muhammad Yunus

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