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ABianco - Capitalism
by ABianco - (2012-10-02)
Up to  5B - The Crisis of CapitalismUp to task document list
 

In this text there are some quotations about capitalism, which means different things to different people.

 

According to the journalist the best definition of capitalism was given by Joseph Schumpeter in "Capitalism, Socialism and Democracy" where he asserted that the essential fact about capitalism is creative destruction, that is a process in which a new economic structure destroys the old one.

 

The gangster Al Capone supports that capitalism is power for powerful people and says that towards a metaphor: "Capitalism is the legitimate racket of the ruling class."

 

The British prime minister Winston Churchill thinks that not enough people see the capitalism as a healthy horse pulling a heavy wagon, but some people see it as a predatory tiger to be shot or as a cow they can milk.

 

The writer Thomas Friedman - in "The Lexus and the Olive Tree: Understanding Globalization" - and the author Naomi Klein - in "The Shock Doctrine: The Rise of Disaster Capitalism"- give two answers for the many questions about capitalist economy: freemarket capitalism and frontier capitalism.

 

The philosopher Eric Hoffer wrote on the "New York Times" that capitalism corrupts politics, sports, literature, art, labour unions and so on but business also corrupts monolithic totalitarianism. On the contrary the economist Thomas Sowell says that capitalism knows only the money and anything else can be considered.

 

According to the author Samuel Smiles and the economist John Maynard Keynes capitalism can be compared to men: the author claims that capitalism is a man who doesn't spend everything he earned working, moreover he suggests capitalism as a new way of employment on the other hand the economist upholds that the most evil men will do the most evil things for the good of everyone.

 

To Karl Marx capitalism had an occult ability to add value to itself. Finally, last but not least there is Deng Xiaoping, Chinese Communist Party leader, says that being rich means being glorious.