Portal:Capitalism/Quotes


 * Underlying most arguments against the free market is a lack of belief in freedom itself.
 * Milton Friedman, Capitalism & Freedom, 1962


 * A major source of objection to a free economy is precisely that it [...] gives people what they want instead of what a particular group thinks they ought to want.
 * Milton Friedman, Capitalism & Freedom, 1962


 * It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.  Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow citizens.
 * Adam Smith, Wealth of Nations, 1776


 * It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
 * Adam Smith, Wealth of Nations, 1776


 * No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged.
 * Adam Smith, Wealth of Nations, 1776


 * The word "capitalist" by itself is actually a pejorative, and was always intended to be misleading. As best I can tell (and I have looked into it), the word was coined by Karl Marx and/or Frederick Engels. The purpose of the word was to tie free market activity to the accumulation of capital – stores of money. The intent was to stir-up envy. (And it worked.) What people call capitalism should really be called "free human action" – and it is the only thing that produces advanced life on earth.
 * Paul Rosenberg, Mindless Slogans