Charlie Munger Quotes

All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

Capitalism is part of our system, but it's not for the faint of heart.

Capitalism is not an economic system, but a world-outlook, or rather, a part of a whole world-outlook.

Capitalism believes that its remit is exclusively to make maximum short-term profits.

Capitalism works.

Capitalism has forced everyone to overoptimize in order to compete.

Under capitalism each individual engages in economic planning.

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.

The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization.

Capitalism is a system for determining objective value.

From a systematic standpoint, I think that capitalism is the best system. I can spend a lot of time explaining why I like communism, but it is actually not a good solution. Nor is socialism. So, capitalism is the right model.

I think the market is always going to be around. The goal is not to say, let's get rid of the market, because the market does render a huge number of services, and I don't want to have a fight about the price of something every time I buy a book or a bottle of water.

I'm not an anti-capitalist, or anarchist. I want capitalism to work.

Capitalism is economic Darwinism…free enterprise is code for individualistic amorality…the marketplace is the temple of secular humanism.

Capitalism without capital is just an ism.

Capitalism will kill competition.

Black market sounds negative, but, in fact, everybody loved the black markets during the communist era. It was the only place that officials and others could get shoes and consumer products. There were shortages everywhere. The black market during the Soviet era was essentially the only capitalism there was.

The capitalist engine is first and last an engine of mass production which unavoidably means also production for the masses.

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process.

Although capitalism is, in principle, strongly individualistic, it has contributed in practice to reinforce the trend to integration, because it has made our lives more and more interdependent.

Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

A market economy is a tool—a valuable and effective tool—for organizing productive activity. A market society is a way of life in which market values sweep into every aspect of human endeavor. It is a place where social relations are made over in the image of the market.

The capitalist distribution network, a complex chain of factory, transport, warehouse and retail outlet, is one of the greatest male accomplishments in the history of culture.

I believe our economic life based on a profit motive is the most effective economy known to assure the well being of all.

For many, perhaps most, Americans, markets are sacrosanct. Most people in the United States cannot even envision a society that doesn't revolve around an untrammeled market.