Noreena Hertz Quotes

The reason socialism has failed around the world every time it's been tried is because people in socialist countries have looked at the United States and have said if they can have it that good, we can. It's a failed, flawed ideology, but if you ask socialists why it's always failed, it's because the United States has stood in the way.

It's time to put the national interest before the interests of Wall Street.

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, their holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government and there's no need soft peddling it, it's the truth. It is the truth.

Gordon Brown is and always will be committed to the interests of big business, so there's no way I want to be involved in the Labour Party again.

I suggested a compromise to give the banks a year's time and see if they succeed in showing us that nationalization wasn't necessary. The year went by and we realized it hadn't done any good, that the money still ended up in the hands of the rich industrialists or friends of the bankers. So I concluded that it was necessary to nationalize the banks. And we did. Without considering it a socialist gesture or an antisocialist gesture, just a necessary one. Anyone who nationalizes only so as to be considered on the left to me is a fool.

If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich

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.

The Democrats, because they believe in socialism, redistribution, forced the banks and financial institutions to make the risky loans.

The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.

I don't believe in a redistribution of wealth.

I think that the future belongs to democracy, but not to capitalism, because they are opposite camps.

Socialism's not a word that I use. I say 'social democracy' because I don't think the government needs to own all the means of production.

Capitalism is at least tolerable, which cannot be said of Socialism or Communism.

This old Germany was partly defeated in its conflict with the progressive ideas of socialism, for it had given the people nothing that could serve as a successful alternative to socialism.

The left is back, and it's the only path we have to get out of the spot to which the right has sunken us. Socialism builds and capitalism destroys.

The best way to destroy the capitalist system is to debauch the currency.

Romney is right that the Obama vision is too centered on government. But his is too centered on the promotion of business and wealth creation at the expense of everything else.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.

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.

Socialism? We've had way too much of it already.

What if capitalism is unsustainable, and socialism is impossible?

Tea Party people know that I stood against the Wall Street scam from Day One, that I voted against TARP, that I voted against repealing Glass-Steagall Act that kept these guys under some control.

Now that the day of reckoning has arrived, they cry socialism!