Deng Xiaoping Quotes

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

In America, we don't, in daily discourse, use the words 'capitalism' or 'socialism.' They've been kind of nonexistent words, I would say, amongst the general public.

While I have questions about the language used in describing the two economic systems, I think people have fairly good gut sense of the difference between socialism and capitalism.

If the central contest of the twentieth century has pitted capitalism against socialism, then F. A. Hayek has been its central figure. He helped us to understand why capitalism won by a knockout. It was Hayek who elaborated the basic argument demonstrating that central planning was nothing else but an impoverishing fantasy.

There isn't much in the way of pure communist spirit, because the whole nation seems to be engaged in capitalistic enterprises. Much of the country still operates under government control.

India is not a capitalist nation and should never be a capitalist nation.

My view... would be that we are entering upon a new and interim society which is neither capitalist nor socialist, but in which we can achieve central planning without loss of individual initiative, by the mere process of absorbing initiative in the function of planning.

What we want is to establish the rules of a market economy - not to plan its outcome.

A market can be a capitalist or a socialist one, but it is still a market.

Ownership of the means of production was an obsession to be abandoned. What mattered was the state’s control over the economy.

I know that some people in the U.S. associate the nordic model with some sort of socialism. Therefore, I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy.

Capitalism works. In the end, socialism imploded on itself. Communism imploded on itself. Ultimately jihadism will implode on itself, if we stay in the fight and stay on offense because failed philosophies don't work, there's no future.

The market system is the basis of our civilization. Its only alternative is the Führer principle.

The term "state socialism" is not precise. Under this term many understand an order under which a certain part of the wealth, sometimes a quite considerable part, passes into state ownership or under its control while in the great majority of cases the ownership of plants, factories, and land, remains in private hands.

I don't believe government should take over, you know, the grocery store down the street or own the means of production.

The laissez-faire argument relies on the same tacit appeal to perfection as does communism.

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.

To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westers about what the market really means.

President Obama insists he's a free-market guy. But you have to wonder whether he understands how a free economy really works.

There is not Communism or Marxism, but representative democracy and social justice in a well-planned economy.