A Quote by Muhammad Yunus
Capitalism is not about the profit motive. Capitalism is about free markets. What you do in the market, in your free will, is the essence of capitalism.
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It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism.
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.
Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed.
The greatness of America is capitalism, free market capitalism. The exceptionalism of American business.
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.
Capitalism is supposedly free enterprise. Supposedly about the free individual. But capitalism itself is so massive that the guy on the street gets caught in paying rent, taxes, and he doesn't own himself at all.
Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior.
Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.
And the word is capitalism. We are too mealy-mouthed. We fear the word capitalism is unpopular. So we talk about the free enterprise system and run to cover in the folds of the flag and talk about the American Way of Life.
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.
With free market and free man, if you remove one of them, it is not called capitalism in my dictionary.
Let's embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets.
Lets embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets.
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.
There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours.
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