"Capitalism is not an 'ism.' It is..." - Quote by Thomas Sowell
Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.
More by Thomas Sowell
“Organizational progress parallels that in science and technology, permitting ultimate simplicity through intermediate complexity.”
“However widespread the desire to be free, that is wholly different from a desire to live in a society where others are free.”
“If you truly believe in the brotherhood of man, then you must believe that blacks are just as capable of being racists as whites are.”
More on Capitalism
“There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.”
“Contrary to the claims of some of my critics and some of the editorial pages, I am an ardent believer in the free market.”
“It either is or ought to be evident to everyone that business has to prosper before anyone can get any benefit from it.”
More on Economics
“Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior.”
“The tendency of advanced capitalism has been to enlarge the middle class and not to wipe it out, as it once seemed likely to do.”
“I have no interest in celebrities. If all the superrich disappeared, the world economy would not even notice. The superrich are irrelevant to the economy.”