I remember in 2007, 2008, when we had the recession, there were all of these very gloomy emails sent from a lot of venture capitalists, saying, Don’t expect to get funded.’
The mistake the apartheid government made was they gave the black people nothing, so they had nothing to lose. But now a lot of the former freedom-fighters are big-time capitalists. They’ve been given directorships in every major company. They’re billionaires!
The guiding principle is not to manufacture the goods everyone needs, rather to earn profits for a few capitalists.
Capitalists are no more capable of self-sacrifice than a man is capable of lifting himself up by his own bootstraps.
There is a fundamentalist belief by capitalists that capital will save the world, and it just isn’t so.
The difference between the Chinese workers and foreign workers lies in the fact that the latter are oppressed only by their own capitalists and not by those of other countries.
When only a minority consisting of capitalists can enjoy the good life, while the majority of workers must endure hardship, they will naturally not be able to live together in peace and harmony.
In antiquity, agriculture and industry depended completely on human labor; but now, with the development of natural forces that human labor cannot match, agriculture and industry have fallen completely into the hands of the capitalists. The greater the amount of capital, the more abundant the resources that can be utilized.
During my 30 years on Wall Street, taxes on ‘unearned income’ have bounced up and down with regularity, and I’ve never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
The Tea Party in the United States’ biggest fight is with the the Republican establishment, which is really a collection of crony capitalists that feel that they have a different set of rules of how they’re going to comport themselves and how they’re going to run things.
President Yeltsin’s instincts were decent: he encouraged the marketplace, the press flourished, and everything started to open – even the KGB archives. Yeltsin reburied Nicholas II. Free from Soviet anti-semitism, he surrounded himself with Jewish capitalists and advisers who returned to public life for the first time since the 1920s.
If I tax them, in fact, I’m not taxing the capitalists, I am taxing the people who have saved, trusted. It was very controversial, those sorts of things. But finally, it worked out.
Some of my best friends are Venture Capitalists, but let’s face it, a hamster with Alzheimer’s could make those kind of numbers. It’s great work if you can get it.
True innovation takes at least 10 to 15 years, whereas the longest that private venture capitalists are routinely willing to wait is five years. They don’t join the game until all the riskiest plays have already been made – by governments.
As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production.
The environmentalists say capitalism is killing our oceans, air, land, and forests. Capitalists argue that they provide food, fuel, and building materials for a growing world.
Socialists tend to want to pay people more money to do less work, and capitalists tend to want to provide better products at better prices.
Before the GOP became the party of Trump’s gangster capitalism, they weren’t perfect capitalists, but they at least paid lip service to the power of markets and capitalism.
Soviet moviegoers gazed enviously on the jalopy that took the Joads from Oklahoma to California. The message Russians took from ‘The Grapes of Wrath’: even the poorest capitalists have cars!
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