Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ...In developed capitalist economies, private consumption spending accounts for half or more of GDP.
The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.joan robinson
A fairly clear line separated advertisement from art. ... The first effect of the triumph of the capitalist (if we allow him to triumph) will be that that line of demarcation will entirely disappear. There will be no art that might not just as well be advertisement.gilbert keith chesterton
The day has passed for patching up the capitalist system; it must go. And in the work of abolishing it the Catholic and the Protestant, the Catholic and the Jew, the Catholic and the Freethinker, the Catholic and the Buddhist, the Catholic and the Mahometan will co- operate together? For, as we have said elsewhere, Socialism is neither Protestant nor Catholic,Christian norFreethinker,Buddhist,Mahometan, nor Jew; it isonly HUMAN.james connolly
We need to change the system. We need to overthrow, not the government, as the authorities are always accusing the Communists "of conspiring to teach [us] to do", but this rotten, decadent, putrid industrial capitalist system which breeds such suffering in the whited sepulcher of New York.dorothy day
We mustn't fear to adopt the advanced management methods applied in capitalist countries (...) The very essence of socialism is the liberation and development of the productive systems (...) Socialism and market economy are not incompatible (...) We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.Deng Xiaoping
Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.robert gilpin
Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.benjamin graham
Once capitalist classes learn to live with unions which they generally do reluctantly, only after efforts to crush them have failed they then attempt to co-opt organized labour. They do so by courting a "special relationship" with union leaders who, as their organizations become larger and more complex, typically assume the role of full time union functionaries.david mcnally
The capitalist distribution network, a complex chain of factory, transport, warehouse and retail outlet, is one of the greatest male accomplishments in the history of culture.camille paglia
Once capitalist classes learn to live with unions which they generally do reluctantly, only after efforts to crush them have failed they then attempt to co-opt organized labour. They do so by courting a "special relationship" with union leaders who, as their organizations become larger and more complex, typically assume the role of full time union functionaries.
Never before in the history of our State have Oregonians had so much to be congratulated upon. No State in the Union is receiving more attention. Her agricultural products, her mild climate, her great natural resources, invite the immigrant, the capitalist and the pleasure seeker, while the sound basis upon which rest her finances, and the fact that within two years her taxable property has increased more than ten millions of dollars, clearly indicate that the State, in the face of a general business depression throughout the land, is in no danger of deterioration of decay.Zenas Ferry moody
Yes, friends, governments in capitalist society are but committees of the rich to manage the affairs of the capitalist class.james connolly
Though the framework is libertarian and laissez-faire,individual communities within it need not be, and perhaps no community within it will choose to be so. Thus, the characteristics of the framework need not pervade the individual communities. In this laissez-faire system it could turn out that though they are permitted, there are no actually functioning "capitalist" institutions; or that some communities have them and others don't or some communities have some of them, or what you will.Robert Nozick
But when reason and the study of history began revealing the irrationality, the limitations, and the merely transitory nature of the capitalist order, bourgeois ideology as a whole and with it bourgeois economics began abandoning both reason and history.paul a. baran
In a capitalist country foreign trade, like any other trade, is carried on by individual firms, and individual firms cannot be guided in their activities by "global"considerations, by concern with the impact of their operations on the economy as a whole.paul a. baran
In regard to propaganda the early advocates of universal literacy and a free press envisaged only two possibilities: the propaganda might be true, or it might be false. They did not foresee what in fact has happened, above all in our Western capitalist democracies the development of a vast mass communications industry, concerned in the main neither with the true nor the false, but with the unreal, the more or less totally irrelevant. In a word, they failed to take into account man’s almost infinite appetite for distraction.aldous huxley
We got email today from an LGF reader who was browsing the Lexis research system and discovered that anti-American, anti-capitalist icon Noam Chomsky has embarrassingly capitalist tastes; among other expensive property he owns a 36,155 square foot home near Cambridge, a 13,503 square foot vacation home, and four boats. And we won’t even mention the cars. Teaching kids to hate their own country seems to pay quite well.charles foster johnson
In short, the rules of behaviour in capitalist society systematically produce irrational consequences.david mcnally
Can we reverse these deeply rooted sources sources of inequality? Or are they just endemic to a capitalist economy?
It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan.
The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labour...I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
capitalist development requires, as a precondition, that the state foster a general sociopolitical and legal framework conducive to market relationships. An environment of security of property and predictability is basic to encourage investment; in turn, this requires political stability and a minimum degree of social harmony.richard sandbrook