A Quote by Thomas Piketty

We want capitalism and market forces to be the slave of democracy rather than the opposite. — © Thomas Piketty
We want capitalism and market forces to be the slave of democracy rather than the opposite.
Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
In 2003, I warned of a 'creeping coup' in Russia against the forces of democracy and market capitalism in Russia.
We can make market forces work better for the poor if we can develop a more creative capitalism-if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities. ... You have more than we had; you must start sooner, and carry on longer.
This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in times of crisis. In order to ensure the survival of the richest, it is democracy that has to be heavily regulated rather than capitalism.
Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
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.
The biggest lie of all is that capitalism is democracy. We have no way of understanding democracy outside of the market, just as we have no understanding of how to understand freedom outside of market values.
Capitalism and democracy are the opposite of each other. Capitalism is a system that guarantees that a few are going to do very well, and everybody else is going to serve the few. Democracy means everybody has a seat at the table. Everybody.
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.
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.
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
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.
Everyday I become more convinced, there is no doubt in my mind, and as many intellectuals have said, that it is necessary to transcend capitalism. But capitalism can't be transcended from with capitalism itself, but through socialism, true socialism, with equality and justice. I'm also convinced that it is possible to do it under democracy, but not in the type of democracy being imposed by Washington.
I think Russians today have a distorted picture of capitalism, liberal democracy and market economy.
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
The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or four years. The choices have to be meaningful. But increasingly, and especially in the US, it seems that the political system is more akin to "one dollar one vote" than to "one person one vote". Rather than correcting the market failures, the political system was reinforcing them.
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