Market System Quotes

I would change the tax system markedly. The market system is wonderful but you have to take care of the poople who are left behind and do not profit from it.

Free competition and the open market system as they were known in the old days, have lost their places in the system, and that the only substitute for them, in these modern times, is government regulation and control.

When companies fail, shareholders bear the losses. It's just the way our system is supposed to work.

Our system of market capitalism wasn't handed down, in perfect form, on stone tablets. We wrote the rules. We broke them. And we can fix them.

The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.

Private property and the market system are good not only to promote innovation and to promote growth; private property and the market system are good for our personal freedom.

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

The market system makes all producers responsible to the consumer.

A market system is not a profit system, it's a profit-and-loss system.

The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives.

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

The market is the creator of social wealth and the wellspring of self-sustaining economic development.

I’m a big fan of the free market system but the free market system works [only] when you have robust competition.

I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So now we speak of the market system. That is a nice bland expression, which forgets those off-color references.

Taken slightly historically, the turning point in the E.U. was actually the Single European Act, the Thatcher/Maastricht-era stuff, which was turning the E.U. into very much a market system.

Tampering with the market system to redistribute the wealth or assure that the poor are protected is labeled "socialism." By these standards Jesus was a socialist.

I am convinced that if the market system were the result of deliberate human design, and if the people guided by the price changes understood that their decisions have significance far beyond their immediate aims, this mechanism would have been acclaimed as one of the greatest triumphs of the human mind.

Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.

In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.

The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.

Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes - indeed, deletes - the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.

The essential quality of a market system is not that it promotes greed, but that it renders greed harmless.

I certainly think the free-market has failed.

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

The market economy-capitalism-is a social system of consumers' supremacy.