Capitalist Economies Quotes

If we looked in the world of 1945 and looked at the map of capitalist economies and democratic polities, they were the rare exception, not the norm.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization.

No country whatsoever, big or small, can build socialism by taking credits and aid from the bourgeoisie and the revisionists or by integrating its economy into the world system of capitalist economies. Any such linking of the economy of a socialist country with the economy of bourgeois or revisionist countries opens the doors to the actions of the economic laws of capitalism and the degeneration of the socialist order. This is the road of betrayal and the restoration of capitalism, which the revisionist cliques have pursued and are pursuing.

The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.

Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.

Our tragedy today is not just that millions of people who called themselves communist or socialist were physically liquidated in Vietnam, Indonesia, Iran, Iraq, Afghanistan, not just that China and Russia, after all that revolution, have become capitalist economies, not just that the working class has been ruined in the United States and its unions dismantled, not just that Greece has been brought to its knees, or that Cuba will soon be assimilated into the free market - it is also that the language of the Left, the discourse of the Left, has been marginalised and is sought to be eradicated.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes.