A Quote by Noam Chomsky
Capitalism would self-destruct in no time. So the business classes have always demanded strong, straight intervention to protect the society from the destructive effects of market forces because they don't want everything destroyed.
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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.
I'm an ambitious person. I mean, if I did that... I would self-destruct, in the sense that the decadence would be too strong an attraction for me. Whether that be in the form of gambling, fast cars, alcohol, drugs, whatever it happens to be... I think the lure of that lifestyle would be too strong.
Our thesis is that the idea of a self-adjusting market implied a stark utopia. Such an institution could not exist for any length of time without annihilating the human and natural substance of society; it would have physically destroyed man and transformed his surroundings into a wilderness.
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
We want capitalism and market forces to be the slave of democracy rather than the opposite.
The market literature, which was particularly strong in Igboland, in Onitsha, today it is no longer strong. It is one of the victims of the civil war, that market was actually destroyed and at the end of the war a new Nigeria has struggled to come into being and I believe that what is probably going to replace the market literature might be the video, which they have taken to in a big way, creating dramas. So that may be the next thing way we will see coming out of the local basic level in our society.
To salvage a society, it is necessary to aid, abet, raise and increase that state of mind. If you were to set up a perfect government out here which required the intervention of nobody, you would have destroyed the society. But by raising the individual ability of the persons in the society within the framework that they are able to view, raise their ability within the framework they are able to view, you would have achieved a marked advance for that society.
Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.
If your home market is strong, you can be a strong global player because you have scale and can bring down the cost of production and remain competitive globally. When we started, our home market wasn't strong, so we had to do more business globally.
However destructive may be the policies of the government and the methods and products of the corporations, the root of the problem is always found to be found in private life. We must learn to see that every problem that concerns us as conservationists always leads straight to the question of how we live. The world is being destroyed, no doubt about it, by the greed of the rich and powerful. It is also being destroyed by popular demand.
When the pain that the little me creates for itself becomes intense enough, the ego will self-destruct. It has a self-destruct mechanism built in, fortunately, so eventually every ego dies.
People are scared of falling sick in Indonesia, because Indonesia has one of the most compassionless medical systems in the world, totally abandoned to market forces. Medical care here is just 'business', as everything else here has become 'business'. It is quite terrifying and grotesque.
Adam Smith saw the greed of modern capitalism for what it was - a form of destructive ambition that may have favorable effects on the productive capacities of society, but which is of no direct benefit to anyone - not even to the greedy themselves, whose illusory chase after a will-o-the-wisp leaves them morally bankrupt and unhappy.
The greatness of America is capitalism, free market capitalism. The exceptionalism of American business.
I do not share the general view that market forces are the basis for political liberty. Every time I see a homeless person living in a cardboard box in London, I see that person as a victim of market forces. Everytime I see a pensioner who cannot manage, I know that he is a victim of market forces
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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