John C. Bogle Quotes

Free market capitalism is the best path to prosperity!

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.

What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.

The great dynamic success of capitalism had given us a powerful weapon in our battle against Communism-money.

The enormous dynamic and creative, as well as destructive energy of capitalism... is written up with more praise and more respect by Marx and Engels in the 1848 Communist Manifesto than probably by anyone since. I don't think anyone has ever said so precisely and with such awed admiration how great capitalism is, how inventive, how innovative, how dynamic, how much force of creativity it unleashes.

American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

Markets can do many wonderful things, which is why I'm glad to live in a capitalist country.

Understanding capitalism is in some ways simple. At its best, capitalism rewards creators, makers and providers: the people and firms that create valuable things for others, like imaginative technologies and good food, cars and drugs.

I've been dedicated to the proposition that there's been no greater wealth-creation system in the history of mankind than the American free-enterprise system.

Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.

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

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

Though my heart may be left of centre, I have always known that the only economic system that works is a market economy... This is the only natural economy, the only kind that makes sense, the only one that can lead to prosperity, because it is the only one that reflects the nature of life itself.

That is why we may say that the historical development of capitalism has involved the thrust towards the commodification of everything.

The left hates capitalism, not because of freedom and liberty - although they do. But the primary they hate capitalism is that it is the most efficient engine to create wealth for the greatest number of people in a society that has ever been devised. Nobody's ever claimed it's perfect. Nobody's ever said it's flawless. But it's better than anything else out there, particularly anything left has to offer.

I believe that the free enterprise system is the greatest engine of prosperity the world's ever known.

Capitalism is not the system of the past; it is the system of the future -- if mankind is to have a future

If capitalism had never existed, any honest humanitarian should have been struggling to invent it. But when you see men struggling to evade its existence, to misrepresent its nature, and to destroy its last remnants - you maybe sure that whatever their motives, love of man is not one of them.

Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.

And the word is capitalism. We are too mealy-mouthed. We fear the word capitalism is unpopular. So we talk about the free enterprise system and run to cover in the folds of the flag and talk about the American Way of Life.

Capitalism is the greatest poverty-fighting machine in the history of mankind, and I'm proud of the role I've played in it.

We who live in free market societies believe that growth, prosperity and ultimately human fulfillment, are created from the bottom up, not the government down.

The free market economy is supposed to be the only path leading to the happiness of humanity by promoting wealth and prosperity, power and influence of nations.

Private ownership of property is vital to both our freedom and our prosperity.