"Capitalism is a social system based on private ownership of the . It is characterized by the pursuit of material self-interest under freedom and it rests on a foundation of the cultural influence of reason. Based on its foundations and essential nature, capitalism is further characterized by saving and capital accumulation, exchange and money, financial self-interest and the profit motive, the freedoms of economic competition and economic inequality, the price system, economic progress, and a harmony of the material self-interests of all the individuals who participate in it."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
George Reisman Capitalism: A Treatise on Economics
https://en.wikiquote.org/wiki/Capitalism
Revision History
No revisions have been submitted for this quote.
Categories
Capitalism
269 quotes on TrueQuotesView all quotes by Capitalism →
Related Quotes
"Ignorance alone stands in the way of Socialist success. The capitalist parties understand this and use their resource…"
"We are going to have to live more economically than we do. And we can do that and, I believe we will do it more happi…"
"Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse."
"The economic impact of the UBI together with the three tax changes in the US would be roughly as follows. First, bank…"
"We live in a contradiction, a brutal state of affairs, profoundly inegalitarian – where all existence is evaluated in…"
"Trump would have us believe that these are our only two choices: We can either have smash-and-grab capitalism, where …"
"'But whom do I treat unjustly,' you say, 'by keeping what is my own?' Tell me, what is your own? What did you bring i…"
"The executive director of the World Food Program is calling for the world’s billionaires to step up and help his orga…"
"The other story of capitalism, just as easily told, focuses on exploitation, violence, and unfathomable misery – it h…"
"Socialism is not the invention of an individual. It is essentially the outcome of economic and social conditions. The…"