A Quote by Kenneth Smith on philosophy, slavery, capitalism, and labor

All slave labor is forced labor. So are all forms of labor where an individual has not got the educational or fiscal means to stand on his own in making a free contract with an employer, or where that capitalist has acquired the political and social as well as the economic clout to prevent evenhanded terms from being respected. What passes for the rational legal concept of a "contract" is unknown in American conditions of fact, for the vast majority of cases: most people hire their own labor out under conditions of duress, and the employer one-sidedly dictates the terms. That is how we got to a condition where the minimum wage for the working poor is not a living wage, and is getting worse and worse. Modernity is not more civilized than antiquity because it has legally abolished slavery; it is merely more modernized in recognizing that it is far, far cheaper and more prudent to rent slaves by the hour than to own them, which means you have to assume responsibility for their upkeep and care.

Kenneth Smith

Contributed by: Dave

A Quote by Samir Amin on capitalism, colonization, revolution, and history

The first revolution of the Western Hemisphere was that of the slaves of Saint Domingue (present-day Haiti) at the end of the eighteenth century, followed more than a century later by the Mexican revolution of the decade of 1910, and fifty years after that by the Cuban revolution. And if I do not cite here either the famous "American revolution" or that of the Spanish colonies that soon followed, it is because those only transferred the power of decision from the metropolis to the colonists so that they could go on doing the same thing, pursue the same project with even greater brutality, but without having to share the profits with the "mother country."

Samir Amin

Source: Imperialism And Globalization

Contributed by: Timmy Gun

A Quote by Peter Lindemann on money, capitalism, and monopoly

In the United States, and in most other countries around the world, there is a "money monopoly" in place. I am "free" to earn as much "money" as I want, but I will only be paid in Federal Reserve Notes. There is nothing I can do to be paid in Gold Certificates, or some other form of "money."

Peter Lindemann

Source: Peter Lindemann

Contributed by: Your Fantasy

A Quote by Ludwig von Mises on economic progress, development, wealth, capitalism, economy, politics, and coercion

What is called economic progress is the joint effect of the activities of the three progressive groups—or classes—of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.

Ludwig von Mises

Source: Mises, Ludwig Von (1962). The Ultimate foundation of Economic Science (2nd ed.). Foundation of Economic Education: Irvington-on-Hudson, NY. p. 127

Contributed by: peter

A Quote by Ron Paul on capitalism, government control, and socialism

Capitalism should not be condemned, since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!

Ron Paul


Contributed by: peter

A Quote by Ron Paul on capitalism, interventionist-planned economy, corporatism, inflationism, and interventionism

To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political spectrums. One may condemn the fraud and the current system, but it must be called by its proper names – Keynesian inflationism, interventionism, and corporatism.

Ron Paul


Contributed by: peter

A Quote by Will O'Brien on capitalism, love, marxism, socialism, economy, and economics

When we truly discover love, capitalism will not be possible and Marxism will not be necessary.

Will O'Brien

Source: The Irresistible Revolution

Contributed by: Caitlin

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, creative capitalism, corporations, and innovation

I hope corporations will dedicate a percentage of their top innovators' time to issues that could help people left out of the global economy. This kind of contribution is even more powerful than giving cash or offering employees' time off to volunteer. It is a focused use of what your company does best. It is a great form of creative capitalism, because it takes the brainpower and makes life better for the richest, and dedicates some of it to improving the lives of everyone else.

Bill Gates

Source: Bill Gates: World Economic Forum 2008:

Contributed by: ~C4Chaos

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, creative capitalism, corporations, poverty, and social enterprise

We are living in a phenomenal age. If we can spend the early decades of the 21st century finding approaches that meet the needs of the poor in ways that generate profits and recognition for business, we will have found a sustainable way to reduce poverty in the world.

Bill Gates

Source: Bill Gates: World Economic Forum 2008:

Contributed by: ~C4Chaos

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, and creative capitalism

Why do people benefit in inverse proportion to their need? Well, market incentives make that happen.

In a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.

The genius of capitalism lies in its ability to make self-interest serve the wider interest. The potential of a big financial return for innovation unleashes a broad set of talented people in pursuit of many different discoveries. This system, driven by self-interest, is responsible for the incredible innovations that have improved so many lives.

But to harness this power so it benefits everyone, we need to refine the system.

Bill Gates

Source: Bill Gates: World Economic Forum 2008:

Contributed by: ~C4Chaos

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