#capital

Nonetheless, many people, and especially intellectuals, passionately loathe capitalism. As they see it, this ghastly mode of society’s economic organization has brought about nothing but mischief and misery. Men were once happy and prosperous in the good old days preceding the Industrial Revolution. Now under capitalism the immense majority are starving paupers ruthlessly exploited by rugged individualists. For these scoundrels nothing counts but their moneyed interests. They do not produce good and really useful things, but only what will yield the highest profits. They poison bodies with alcoholic beverages and tobacco, and souls and minds with tabloids, lascivious books and silly moving pictures. The “ideological superstructure” of capitalism is a literature of decay and degradation, the burlesque show and the art of striptease, the Hollywood pictures and the detective stories. ↗

— Ludwig von Mises

#economics #greed #vice #art

The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches: ambition, that between a private and a public station: vain-glory, that between obscurity and extensive reputation. The person under the influence of any of those extravagant passions, is not only miserable in his actual situation, but is often disposed to disturb the peace of society, in order to arrive at that which he so foolishly admires. The slightest observation, however, might satisfy him, that, in all the ordinary situations of human life, a well-disposed mind may be equally calm, equally cheerful, and equally contented. Some of those situations may, no doubt, deserve to be preferred to others: but none of them can deserve to be pursued with that passionate ardour which drives us to violate the rules either of prudence or of justice; or to corrupt the future tranquillity of our minds, either by shame from the remembrance of our own folly, or by remorse from the horror of our own injustice. ↗

— Adam Smith

#ethics #happiness #equality

The Master said, “If your conduct is determined solely by considerations of profit you will arouse great resentment. ↗

— Confucius

#consumerism #greed #materialism #profit #greed

Some of the owner men were kind because they hated what they had to do, and some of them were angry because they hated to be cruel, and some of them were cold because they had long ago found that one could not be an owner unless one were cold. And all of them were caught in something larger than themselves. Some of them hated the mathematics that drove them, and some were afraid, and some worshiped the mathematics because it provided a refuge from thought and from feeling. If a bank or a finance company owned the land, the owner man said, The Bank - or the Company - needs - wants - insists - must have - as though the Bank or the Company were a monster, with thought and feeling, which had ensnared them. These last would take no responsibility for the banks or the companies because they were men and slaves, while the banks were machines and masters all at the same time. Some of the owner men were a little proud to be slaves to such cold and powerful masters. The owner men sat in the cars and explained. You know the land is poor. You've scrabbled at it long enough, God knows. ↗

— John Steinbeck

#john-steinbeck #land #the-grapes-of-wrath #men

[I]n communism, you'd threaten a dog into compliance, while in capitalism, obedience is obtained through bribes. ↗

— Adam Johnson

#capitalism #communism #economics #north-korea #obedience

From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor. ↗

— Leland Stanford

#analysis #been #best #between #capital

We can't fool ourselves that they will ever be enough to overthrow Capitalism. If we're serious about that we need to organise ourselves in our workplaces and communities, making the links with other workers internationally. ↗

— John Blair

#capitalism #communities #enough #ever #fool

You look at the steamboat, the railroad, the car, the airplane - not all of these were invented in the Anglo-American world, but they were popularized and extended by it. They were made possible by the financial architecture, the capital intensive operations invented and developed by the Anglo-Americans. ↗

— Walter Russell Mead

#architecture #capital #car #developed #extended

Socialism is nothing more nor less than the social, political and ideological system which breaks the fetters upon economic growth created under capitalism and opens the way to a new period of economic and social expansion on a much larger scale. ↗

— Earl Browder

#capitalism #created #economic #economic growth #expansion

What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right. ↗

— John Redwood

#banks #capital #cash #credit #easy