Martin Luther King Jr. Quotes
Capitalism started out with a noble and high motive, but like most human systems it fell victim to the very thing it was revolting against.
King, Martin Luther, Jr. Letter to Coretta Scott, 18 July 1952. The Papers of Martin Luther King, Jr., Volume VI, edited by Clayborne Carson, Univ. of California Press, 2007, p. 123.
By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.
Martin Luther King Jr. was an African American Baptist minister and activist who became the most visible spokesperson and leader in the American civil rights movement from 1955 until his assassination in 1968. King advanced civil rights through nonviolence and civil disobedience, inspired by his Christian beliefs and the nonviolent activism of Mahatma Gandhi. He was the son of early civil rights activist Martin Luther King Sr.