A Quote by Thomas Sowell
Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.
Related Quotes
The problems of financing the universities and their intellectual freedom, threatened by political and bureaucratic interference, are problems which are invariant under the ism transformations: socialism, communism, capitalism, or any other ism or ology.
...the myth of socialism is far stronger than the reality of capitalism. That is because capitalism is not really an ism at all. It is what people do if you leave them alone.
Avoid internalizing society's sexism, racism, ageism - pick an ism, any ism.
Heroism breaks its heart, and idealism its back, on the intransigence of the credulous and the mediocre, manipulated by the cynical and the corrupt.
Capitalism without capital is just an ism.
In matter-ism (materialism), there can be nothing wrong with the world since there is no right way for the world to be in the first place. Everything is just matter in motion and that's that. In Mind-ism (monism) there's a different route to the same problem. There cannot be a problem of evil, even in principle, since in Mind-ism even morality is maya; illusion. In neither story, then (if we're to be consistent with their principles), can the issue of evil be raised. But in real life the problem comes up all the time. That's the difficulty.
Money is the root of all evil. Yeah, money is the root. It's not racism and "this-ism" and "that-ism"; it's our thirst and hunger for money. And that's where all the bodies are buried.
A vigorous democracy a democracy in which there are freedom from want, freedom from fear, freedom of religion, and freedom of speech would never succumb to communism or any other ism.
Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other
When two people who are in a relationship and want to have fun, they should mutually agree and warn the other person to not get serious. If they mutually agree, then it's fine because they're just having fun.
I know the difference between venture capital[ism] and vulture capitalism. Venture capitalism is a good thing, comes in, gives that gap funding to help these companies get off and get started creating jobs, and work. But Mitt Romney and Bain Capital were involved with what I call vulture capitalism. And they walked into Gaffney and took over that photo album company for no other reason than to basically pick the bones clean. And those people lost their jobs.
The whole thing is, really, money makes money. That's the whole thing about capitalism. Without the capital, there is no -ism.
One of the great purposes of religion itself is being hindered by an exclusive-ism that doesn't take into account the common elements and values that we actually share.
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.
I will never surrender the rights of the individual - the complete rights of the individual - to any "ism" whatever.
But while capitalism may be a convenient scapegoat, it did not cause any of these problems. Indeed, whatever one wishes to call the unruly mixture of freedom and government controls that made up our economic and political system during the last three decades, one cannot call it capitalism.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Walter E. Williams Quotes
American
Economist