Capitalism

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Concept.png Capitalism Rdf-entity.pngRdf-icon.png
Capitalism.jpg
A subvertisement illustrating the influence of advertising on urban workers.
Interest of• Bilderberg/2019
• Ralph Schoenman
• Andrew Shonfield
• Wolfgang Streeck

"Capitalism is a system that rewards privatisation of gain and socialisation of cost, and then gives the winners the wealth to buy political power to entrench the system. A recipe for omnicide": Adrian John Culey on Twitter.[1]

Unpopularity

A 2018 Gallup poll found that only 45% of younger US citizens were positive about capitalism.[2]

A 2016 study by Stanford researchers found that those entering the workforce today "are far less likely to earn more than their parents when compared to children born two generations before them."[3]

 

Examples

Page nameDescription
Asset stripping
Business

 

Related Quotations

PageQuoteAuthorDate
2020“As the Establishment feels its grip slipping, as people wake up to the appalling economic exploitation by the few that underlies the very foundations of modern western society, expect the methods used by the security services to become even dirtier. You can bank on continued ramping up of Russophobia to supply “the enemy”. As both Scottish Independence and Jeremy Corbyn are viewed as real threats by the British Establishment, you can anticipate every possible kind of dirty trick in the next couple of years, with increasing frequency and audacity.”Craig MurrayDecember 2018
Philip Agee“Reforms of the FBI and the CIA, even removal of the President from office, cannot remove the problem. American capitalism, based as it is on exploitation of the poor, with its fundamental motivation in personal greed, simply cannot survive without force – without a secret police force. The argument is with capitalism and it is capitalism that must be opposed, with its CIA, FBI and other security agencies understood as logical, necessary manifestations of a ruling class’s determination to retain power and privilege.”Philip Agee1975
Jacques Attali“The real bourgeoisie running the world is about 1,000 people. They are running capitalism." He reconsiders: "Well, one might say it's 10,000, but no more than that. In a world population of 6.5 billion, that is not very many people”Jacques Attali
Warren Buffett“There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”Warren Buffett
Al Capone“This American system of ours ... call it Americanism, call it capitalism, call it what you like, gives to each and every one of us a great opportunity if we only seize it with both hands and make the most of it.”Al Capone1930
George Carlin“You might have noticed that I never complain about politicians. I leave that to others. And there's no shortage of volunteers; everyone complains about politicians. Everyone says they suck. But where do people think these politicians come from? They don't fall out of the sky; they don't pass through a membrane from a separate reality. They come from American homes, American families, American schools, American churches, and American businesses. And they're elected by American voters. This is what our system produces, folks. This is the best we can do. Let's face it, we have very little to work with. Garbage in, garbage out. So maybe it's not the politicians who suck; maybe it's something else. Like the public. That would be a nice realistic campaign slogan for somebody: "The public sucks. Fuck hope." Put the blame where it belongs: on the people. Because if everything is really the fault of politicians, where are all the bright, honest, intelligent Americans who are ready to step in and replace them? Where are these people hiding? The truth is, we don't have people like that. Everyone's at the mall, scratching his balls and buying sneakers with lights in them. And complaining about the politicians.”George Carlin
Eugene Debs“Getting a living under capitalism... is so precarious, so uncertain, fraught with such pain and struggle that the wonder is not that so many people become vicious and criminal, but that so many remain in docile submission to such a tyrannous and debasing condition.”Eugene Debs
Karl Marx“So long as things go well, competition effects an operating fraternity of the capitalist class, as we have seen in the case of the equalisation of the general rate of profit, so that each shares in the common loot in proportion to the size of his respective investment. But as soon as it no longer is a question of sharing profits, but of sharing losses, everyone tries to reduce his own share to a minimum and to shove it off upon another. The class, as such, must inevitably lose. How much the individual capitalist must bear of the loss, i.e., to what extent he must share in it at all, is decided by strength and cunning, and competition then becomes a fight among hostile brothers. The antagonism between each individual capitalist's interests and those of the capitalist class as a whole, then comes to the surface, just as previously the identity of these interests operated in practice through competition.”Karl Marx
Michael Parenti“Every ruling class has wanted only this: all the rewards and none of the burdens. The operational code is: we have a lot; we can get more; we want it all.”Michael Parenti
Yanis Varoufakis“The problem with capitalism is not that it is unfair but that it is irrational, as it habitually condemns whole generations to deprivation and unemployment and even turns capitalists into angst-ridden automata, living in permanent fear that unless they commodify their fellow humans fully so as to serve capital accumulation more efficiently, they will cease to be capitalists. So, if capitalism appears unjust this is because it enslaves everyone; it wastes human and natural resources; the same production line that pumps out remarkable gizmos and untold wealth, also produces deep unhappiness and crises.”Yanis Varoufakis18 February 2015

 

Related Documents

TitleTypePublication dateAuthor(s)Description
Document:Brexit reveals Corbyn to be the true moderateblog post12 September 2019Jonathan CookIt is time to stop acting like zealots for neoliberalism, squabbling over which brand of turbo-charged capitalism we prefer, and face up to our collective responsibility to change our and our children’s future.
Document:The tyranny of woke capitalismArticle25 June 2021Frank FurediWhat is "woke capitalism"? It is a form of corporate virtue signalling.


References