Kumar Mangalam Birla Quotes

There's nothing wrong with the free-enterprise system. But it has to have some compassion.

Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.

A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?

Markets are, in the end, man-made devices for utilitarian purposes, not a force of nature that we should not try to resist. If they end up serving the interests of only a tiny minority, as is increasingly the case, we have the right - and indeed the duty - to regulate them in the interest of greater social good.

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

I don't think that left to its own devices, capitalism moves along smoothly and everyone gets treated fairly in the process. Capitalism is like a child: if you want the child to grow up free and productive, somebody's got to look over the shoulder of that child.

I argue that one of the functions of a capitalist state is to defend capitalism from itself, to defend capitalism from the capitalists.

Capitalism without Judaism, Christianity, or some other moral basis is just pure greed.

Some policies may promote growth in ways that will increase poverty; others may promote growth in ways that will reduce it. Some growth strategies may be good for the environment; others may not be.

We cannot remove the evils of capitalism without taking its source of power: ownership.

As a poodle may have his hair cut long or his hair cut short, as he may be trimmed with pink ribbons or with blue ribbons, yet he remains the same old poodle, so capitalism may be trimmed with factory laws, tenement laws, divorce laws and gambling laws, but it remains the same old capitalism. These “humanitarian parts” are only trimming the poodle. Socialism, one and inseparable with its “antirent and anticapital parts,” means to get rid of the poodle..

Capitalism with airbags—the type of capitalism I am a fan of.

Individual capitalists are in charge of a wide range of decisions which, because of their consequences for the general welfare of society, are in fact public policy decisions taken by private individuals.

… conservatives are ideologically committed to capitalism, and do not object to being guided by market signals, while socialists have had to accept, often unwittingly, that capitalist prosperity is an indispensable condition for social welfare and working-class well-being.

Capitalism is a wonderful economic engine, but it assigns little value to long-term projects or societal problems.

We've heard some things from Pope Francis that are not fully supportive of free enterprise capitalism. That should be a problem from an American perspective.

Because of my politics, I don't necessarily think that the independent capitalist is that much better than the multinational capitalist; it's just that the independent capitalist hasn't grown as big yet.

Any allegation of runaway capitalism has to be tempered by the observation that today we have the largest public sectors and the highest taxes the world has ever known.

When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.

Greed and globalization aren't just America's fault.

America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.

I think the market driven economic system is the most productive system, but to have that work in the world, you've got to also have social investments to go along with that.

This dilettante notion that the global economy is evil because big corporate leaders make too much money... they do make too much money, but the only way we've figured out how to generate wealth in this world is through the market economy.

I believed - and believe - that capitalism works best for a freedom-loving society, that it brings more prosperity to more people than any other social-economic system, but that somehow we have to take care of people.

If you talk to most businessmen, they'll say that what they do is for the public good, but you know they're just greedy, and consumers are just consuming for the sake of their own greed.