Ha-Joon Chang Quotes

People focus on the labels when they are not sure what they mean. What people call socialism these days is Eisenhower Republicanism!

Margaret Thatcher said,you know the problem with socialism is that eventually it will run out of other people's money. And she was absolutely right.

Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.

I think you hear, at least as an undertone, and it's going to grow louder, is that we believe that capitalism is the mantra of the day and anything that creeps towards socialism is a problem.

I was a Republican because I thought that those were the people who best supported markets. I think that is not true anymore. I was a Republican at a time when I felt like there was a problem that the markets were under a lot more strain. It worried me whether or not the government played too activist a role.

When the war [World War I] closed ... we were challenged with a peacetime choice between the American system of rugged individualism and a European philosophy of ... paternalism and State Socialism.

The issue is always the same: the government or the market. There is no third solution.

In America, we don't, in daily discourse, use the words 'capitalism' or 'socialism.' They've been kind of nonexistent words, I would say, amongst the general public.

The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system.

The laissez-faire argument relies on the same tacit appeal to perfection as does communism.

Our elected officials would do well to remember that the most prosperous countries are those that allow consumers - not governments - to direct the use of resources. Allowing the government to pick winners and losers hurts almost everyone, especially our poorest citizens.

In human life, economics precedes politics or culture.

It should not be the government running the economy.

It's called political economy because it is has nothing to do with either politics or economy.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

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.

If people can keep track of all the celebrity gossip, there's no reason we can't also assimilate the key concepts of economic philosophy.

I'm from Berkeley, California, so I'm fully trained in socialism and all, but basically what they teach you there is markets are efficient and we can't beat them, so we might as well index.

Capitalism is using its money; we socialists throw it away.

You've got Washington picking winners and losers. And so, all of a sudden, decisions are being made on what helps politicians, not what helps the economy. Some will call it socialism. Some will call it a command and control economy. Whatever it is, it's antithetical to the American experience.

We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

All real capitalisms are impure hybrids, mongrels mixed with other strains.

Republicans believe largely in the market working, Democrats believe stereotypically that you've got to give people something. So why not give people a chance to let the market work for them.

There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours.

However, leaving everything to the market is not necessarily good for society.