Capitalist Principles Quotes

Clearly the tenets of capitalism are deeply and fundamentally misunderstood… At the same time that young people are rejecting capitalism and free markets, they celebrate entrepreneurs and free enterprise. This disconnect is at best confusing; at worst it’s troubling.

America guarantees equal opportunity, not equal outcome.

Wealth brings with it its own checks and balances. The basis of political economy is noninterference. The only safe rule is found in the self-adjusting meter of demand and supply. Open the doors of opportunity to talent and virtue and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle and imbecile to the industrious, brave and persevering.

I'm a capitalist. I believe in the proper working of the free market. That's why I found the scandals of 2008, the banks, Libor, absolutely abhorrent.

It is an extreme perversion of capitalism if you can trade in something before you have even paid for it.

Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American capitalism. He taught a generation how to think about business, and he showed that securities were not just tokens like the Monopoly flatiron, and that investing need not be a game of chance. It was also a logical, commonsensical enterprise, like the tangible businesses beneath. He stripped Wall Street of its mystery and rejoined it to Main Street -- a mythical or disappearing place, perhaps, but one that is comprehensible to the ordinary American.

Competition and the market are like water, they go where they want

In the pre-capitalist world, everyone had a place. It might not have been a very nice place, even maybe a horrible place, but at least they had some place in the spectrum of the society and they had some kind of a right to live in the place. Now that's inconsistent with capitalism, which denies the right to live. You have only the right to remain on the labour market.

Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

Obama had to save the banks, sure, but he didn't have to save the bankers and the shareholders and the bondholders. We broke the rules of capitalism in order to save those at the top - as we always do.

When it comes to talking to your kids about economics, start early beause the progressive culture-makers are starting earlier than you think! Cartoon storylines regularly denegrate competition and other foundational principles of capitalism.

The Internet has taken shape with startlingly little planning? The most universal and indispensable network on the planet somehow burgeoned without so muchasa boardofdirectors, never minda mergers-and- acquisitions department. There is a paradoxical lesson here for strategists. In economic terms, the great corporations are acting like socialist planners, while old- fashioned free-market capitalism blossoms at their feet.

We count, in the future as in the past, on the driving power of individual initiative, on the incentive of fair private profit, strengthened of course with the acceptance of those obligations to the public interest which rest upon us all.