Modern Capitalism Quotes

Modern capitalism seeks to assure us that it operates according to the principles of free creativity, endless development and diversity. It glosses over its other side in order to hide the reality that millions of people are enslaved by an all-powerful and fantastically stable norm of production. We want to reveal this lie.

Marx is the prophet of globalized capitalism.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

.. the most intelligent defender of capitalism in the modern period is Friedrich Hayek.

Out of this modern civilization, economic royalists carved new dynasties. New kingdoms were built upon concentration of control over material things. Through new uses of corporations, banks and securities, new machinery of industry and agriculture, of labor and capital - all undreamed of by the Fathers - the whole structure of modern life was impressed into this royal service.

Modern capitalism needs men who cooperate smoothly and in large numbers; who want to consume more and more; and whose tastes are standardized and can be easily influenced and anticipated ... what is the outcome? Modern man is alienated from himself, from his fellow man and from nature.

In modern capitalism economic exploitation rather than political oppression is the real enemy of the people.

The communist model does not work economically, we all realised that, but the capitalist model in the modern world also looks to be unsustainable.

Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the Industrial Revolution and the flowering of modern capitalism.

A century and a half after its birth, the modern business corporation, an artificial person made in the image of a human psychopath, now is seeking to remake real people in its image.

Neoliberalism has taken new forms since the demise of the Fordist concept of labor and with the emergence of what is understood as flexible labor. This has really come to be the dominant form for about the last 20 years.

The most distinguished advocate and the most distinguished critic of modern captialism were in agreement on one essential point: the job makes the person. Adam Smith and Karl Marx both recognized the extent to which people's attitudes and behaviors take shape out of the experiences they have in their work.

The social relations of capitalism have penetrated slowly into all spheres of life to make wage labour the general condition of existence only in fairly recent times.

Footballers' 'lack of loyalty,' for instance, is not an indication of players' moral delinquency. Instead, the capacity to move on quickly without forming lasting attachments is a skill that the contemporary capitalist world inculcates and relies upon.

I'm convinced that there's a new way to define capitalism, and that the definition should include three ingredients - that we love our work, that we are building a traditionally successful business, and that we are having some positive impact in the world, whether it's local or global.

Civic rationality and modern capitalism triumphed in the medieval northern European cities – but not in Chinese, Indian or Muslim cities

Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.