Joyce Appleby Quotes

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

In my fifty years of experience and memory, I have seen the most amazing increase in the standard of living of a people ever achieved anywhere in the world. This is why I am so sure that our system of free competition and industrial development is sound and must be preserved.

Our prosperity comes from something that is really marvellous—that is unlimited freedom.

America…could within twenty years bring us to a degree of development which Turks, left to themselves, would not be able to achieve in a century. It would make Turkey prosperous, rich and happy and turn Turks into a strong and civilized nation.

The essence of the Industrial Revolution was the substitution of competition for the medieval regulations which had previously controlled the production and distribution of wealth.

Growth and prosperity. These are the blocks with which we must build our welfare society.

The market economy itself was not a product of violent action—of revolutions—but of a series of gradual peaceful changes. The implications of the term “industrial revolution” are utterly misleading.

The Chinese and the Americans are great peoples. The Americans are optimistic, full of enterprising drive, down to earth, and innovative. In just over 200 years, they have turned the United States into the most developed country in the world, and made phenomenal achievements in economic development and science and technology.

Economic prosperity is a great engine for change.

Go to the United States and see what they are doing with the American Dream..

Growth and progress depend on more economic freedom.

With capitalism and prosperity came something new: the idea of progress. This is the notion that things are getting better and will continue to get better in the future.

Capitalism has brought with it progress, not merely in production but also in knowledge.

Capitalism and political systems - like companies - must constantly evolve to stay vital.

People getting rich in a free society in general - with some scammy exceptions, which are rare - makes everyone else richer, too.

The way forward for Africa is investment.

Throughout human history, the American Idea has done more to help the poor than any other economic system ever designed.

I wonder how many people would have thought at the end of World War II that the capitalist system would be one that was meeting the challenges and making things better for people as we approach the 21st century.

I used to think that capitalism was human nature, but it isn’t at all. It’s culture. The same is true of democracy/

Democracy has to deliver. It is not enough for people to vote. They must also eat.

Modernization is found in markets.

Civilization and profits go hand in hand.

Income inequality is not a bad thing. Income inequality is a good thing.

Capitalism without capital is just an ism.

If any country wants to develop, it must practice democracy. If I look around the world, I see that the prosperous countries practice democracy.