Capitalism

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It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

Adam Smith

The Wealth of Nations

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Smith, Adam. The Wealth of Nations. Vol. 1, London: W. Strahan and T. Cadell, 1776, bk. 1, ch. 2.

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Smith, Adam. The Wealth of Nations, edited by Edwin Cannan. The Modern Library, bk. 1, ch. 2.

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Remember that Time is Money.

Benjamin Franklin

The American Instructor: or Young Man's Best Companion

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Franklin, Benjamin. "Advice to a Young Tradesman." The American Instructor: or Young Man's Best Companion. Philadelphia: George Fisher, 1748.

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Franklin, Benjamin. "Advice to a Young Tradesman." Benjamin Franklin: Silence Dogood, The Busy-Body and Early Writings, edited by J. A. Leo Lemay. Library of America, 2005.

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Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge, has marked the upward surge of mankind.

Gordon Gekko

Wall Street

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Wall Street. Directed by Oliver Stone, American Entertainment Partners/American Films, 1987.

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Business is war. It's dog eat dog, rat eat rat. If my competitor were drowning, I'd walk over and I'd put a hose right in his mouth.

Ray Kroc

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Founder

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Founder. Directed by John Lee Hancock, FilmNation Entertainment/The Combine/Faliro House Productions S. A., 2016.

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We're adding a little something to this month's sales contest. As you all know first prize is a Cadillac Eldorado, anybody want to see second prize? Second prize is a set of steak knives. Third prize is you're fired.

Alec Baldwin

Glengarry Glen Ross

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Glengarry Glen Ross. Directed by James Foley, Zupnik Enterprises, 1992.

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The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation...That incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 2, ch. 7.

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Laissez faire does not mean: Let soulless mechanical forces operate. It means: Let each individual choose how he wants to cooperate in the social division of labor; let the consumers determine what the entrepreneurs should produce. Planning means: Let the government alone choose and enforce its rulings by the apparatus of coercion and compulsion.

Ludwig von Mises

Human Action: A Treatise on Economics

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Von Mises, Ludwig. Human Action: A Treatise on Economics. Yale University Press, 1949, ch. 27.

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Capitalism undoubtedly has certain boils and blotches upon it, but has it as many as government? Has it as many as marriage? Has it as many as religion? I doubt it. It is the only basic institution of modern man that shows any genuine health and vigor.

H.L. Mencken

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Mencken, H. L. "Editorial." American Mercury, July 1928.

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All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind.

Karl Marx

The Communist Manifesto

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Marx, Karl and Friedrich Engels [published anonymously]. Manifest der kommunistischen Partei [Manifesto of the Communist Party]. London: Gedruckt in der Office der Bildungs-Gesellschaft für Arbeiter, 1848.

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Marx, Karl and Friedrich Engels. The Communist Manifesto, translated by Samuel Moore and Friedrich Engels. Penguin Classics, 2002.

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Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 1, ch. 3.

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There is no way of keeping profits up but by keeping wages down.

David Ricardo

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Ricardo, David. On Protection to Agriculture. London: John Murray, 1822.

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These capitalists generally act harmoniously, and in concert, to fleece the people, and now, that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel.

Abraham Lincoln

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Original Citation

Lincoln, Abraham. "Speech in the Illinois Legislature." 11 Jan. 1837, Vandalia, IL, USA.

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Lincoln, Abraham. "Speech in the Illinois Legislature January 11, 1837." Abraham Lincoln: Speeches and Writings 1832-1858, edited by Don E. Fehrenbacher. Library of America, 1989.

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Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights.

Abraham Lincoln

Annual Message to Congress

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Lincoln, Abraham. First Annual Message to Congress. 3 Dec. 1861, U.S. Capitol Building, Washington, DC, USA.

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Lincoln, Abraham. "Annual Message to Congress, December 3, 1861." Abraham Lincoln: Speeches and Writings 1859-1865, edited by Don E. Fehrenbacher. Library of America, 1989.

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You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin you.

Cornelius Vanderbilt

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Vanderbilt, Cornelius. Letter to Charles Morgan and C. K. Garrison. c. 1853.

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No permanent elevation of a people can be effected without commerce.

David Livingstone

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Livingstone, David. Travels and Researches in South Africa. London: John Murray, 1857, ch. 13.

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Growth for the sake of growth is the ideology of the cancer cell.

Edward Abbey

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Abbey, Edward. "Arizona - How Big is Big Enough?" One Life at a Time, Please. Henry Holt and Company, 1988.

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Everything's got a price, bitch.

John Wick

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John Wick. Directed by Chad Stahelski, Thunder Road Pictures/87Eleven Productions/MJW Films/DefyNite Films, 2014.

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History suggests only that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

Milton Friedman

Capitalism and Freedom

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Friedman, Milton. Capitalism and Freedom. University of Chicago Press, 1962, ch. 1.

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We live in capitalism. Its power seems inescapable-but then, so did the divine right of kings.

Ursula K. Le Guin

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Le Guin, Ursula K. Speech in Acceptance at the National Book Foundation Metal for Distinguished Contribution to American Letters. 19 Nov. 2014, The National Book Foundation, New York City, NY, USA, https://www.ursulakleguin.com/nbf-medal.

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Where wealth and freedom reign, contentment fails,
And honour sinks where commerce long prevails.

Oliver Goldsmith

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Goldsmith, Oliver. The Traveller; or, a Prospect of Society. London: John Newbery, 1764.

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