Capitalists Quotes

“Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.”

“Fierce, and what capitalists sometimes call 'ruinous' competition tends, therefore, to produce leap-frogging innovations that more often that not lead capitalists to fetishise technological and organisational innovations as the answer to all their prayers”

“Capitalists desire purchasing power. Socialists lust for the power to plan society. Which is worse?”

“The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is "free," what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.”

“Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves.”

“In a way, underdevelopment is a paradox. Many parts of the world that are naturally rich are actually poor and parts that are not so well off in wealth of soil and sun-soil are enjoying the highest standards of living. When the capitalists from the developed parts of the world try to explain this paradox, they often make it sound as though there is something “God-given” about the situation. One bourgeois economist, in a book on development, accepted that the comparative statistics of the world today show a gap that is much larger than it was before. By his own admission, the gap between the developed and underdeveloped countries has increased by at least 15 to 20 times over the last 150 years. However, the bourgeois economist in question does not give a historical explanation, nor does he consider that there is a relationship of exploitation which allowed capitalist parasites to grow fat and impoverished the dependencies. Instead he puts forward a biblical explanation! Pg. 21”

“The urban capitalists and the bourgeoisie differ in linguistic habits and dress from the workers. They don't live together in one integrated society, but as two separate societies that speak different languages both literally and metaphorically. The urban capitalists do not know the life led by workers. Workers experience hardships that are unheard of amongst villagers and these evoke malice in the urban workers, easily stirred by union leaders who use them to ride to power. Villagers are different. Teaching the villagers cannot easily change what they have inherited from the environment and the past they have known and in which they have grown up. The village entrepreneur wore only a sarong in the past. Some of them wore a sarong and slung another over a shoulder. The poor villager's dress is also a sarong. The village entrepreneur speaks Sinhalese, which is the language of the poor villager too. On the day of the traditional New Year, the children of both the rich and the poor in the village eat together and play together in the homes of the villager elite. All this subdues feelings of resentment against the wealthy villagers. It's true that villagers suffer a great deal on account of their poverty. But unlike the urban poor, poverty amongst the villagers does not incite malice toward the wealthy, due to the rural way of life.”

“The only trouble with capitalism is capitalists”

“Capitalists' wet dreams is to be involved in charity.”