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MNardelli - Some quotations about Capitalism
by MNardelli - (2012-09-26)
Up to  5B - The Crisis of CapitalismUp to task document list

 

The text consist of an economical blog created by Joseph Shumpeter. In this text we have several quotations about capitalism, some positive, some negative. We can understand, therefore, that the word 'capitalism' does not assume a universal meaning, but it varies from person to person, from time to time and sometimes even from State to State. According to Al Capone, an Italian gangster, only the ruling class is favored by Capitalism. Winston Churchill, an ex Prime Minister, Capitalism must be seen as a horse in good health, which carries a sturdy wagon, representing England: he considered Capitalism as the greatest strength able to pull England in a continuous progress. According to Thomas Friedman Capitalism should be a free-market in order to favor also the working class. Carl Marx thinks that Capitalism is a hidden thing which is based on money and commodities; he point out a double face of it. Last but not least, is the quotation of Joseph Shumpeter who sees Capitalism as a constant revolution of the economic structure from within, which gradually destroy the old existing one, creating a new one. This process of Creative Destruction is the essential fact about Capitalism.

 


Mara Nardelli, cl. 5^B