"Twenty years ago I wrote a book in defence of global capitalism. I never thought I would do that. Capitalism, I had thought, was all about greedy monopolists and mighty landlords. But then I began to study the world and realized that it was in the least market-based societies that such elites were protected from the free choice of citizens and therefore had the greatest power. Paradoxically, it was capitalism – in the form of free markets and voluntary agreements based on private ownership – that threatened the powerful. The argument for capitalism is not that capitalists always behave well – if that were the case, we could safely give them monopoly power – but that they often do not behave well unless they have to. And it is freedom of choice and competition that force their hands."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Johan Norberg, The Capitalist Manifesto: Why the Global Free Market Will Save the World (2023), p. 1
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…"