Edmund Phelps Quotes

The only trouble with capitalism is capitalists—they're too greedy.

It [industrial capitalism] came to be believed in as a gospel, ... from which it was regarded as little short of immoral to depart.

Capitalism cannot reform itself; it is doomed to self-destruction.

I don't have anything against corporate America. I mean, I guess there's something about living in a capitalist society that can get kind of terrifying at times.

I think that capitalism in general is responsible, not for the worldwide recession, but for a lot of suffering, both in the United States and around the world.

Capitalism proceeds through creative destruction. What is created is capitalism in a 'new and improved' form - and what is destroyed is self-sustaining capacity, livelihood and dignity of its innumerable and multiplied 'host organisms' into which all of us are drawn/seduced one way or another.

For now, capitalism is working to produce more money but does not see the people. This problem is getting worse across the world.

Capitalism unchecked is not a democratic system.

Capitalism is in crisis.

The market economy is very good at wealth creation but not perfect at all about wealth distribution.

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

The forces in a capitalist society, if left unchecked, tend to make the rich richer and the poor poorer.

The trouble with the profit system has always been that it was highly unprofitable to most people.

Inequality is a good thing. You can’t have a capitalistic system without it. But we have excessive inequality now. Virtually all the benefits are going to a small group of people.

… capitalism is being killed by its achievements.

Triumphant capitalism has unleashed a powerful drive toward inequality, not improvement, in the social sphere.

The moral spectacle of capitalism still offends, as does American capitalism's implacable insistence that the market determine value even in the political, intellectual, and artistic spheres.

Modern capitalism has no purpose except to keep the show going.

There is a serious tendency towards capitalism among the well-to-do peasants.

Capitalism has proven to be the only system that works, but the problem with capitalism is that extreme wealth ends up in the hands of a few people.

The point is always made that capitalism is efficient, people say 'You might not like it, but it works.' But Britain is not efficient.

Whenever you make someone dependent on your money... It's this capitalist idea that I think has made America into a place where it's hard to breathe as an individual sometimes.

Reckless capitalism kills black people.

Capitalism, after all, is no fun when real failure becomes a possibility.

'Up in the Air' is not a political movie. It won't be mistaken for either a Michael Moore or Any Rand polemic on capitalism.