All LUDWIG VON MISES Quotes about “Capitalism”

“A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”
“Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”
“If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.”
“For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.”
“All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out”
“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”
“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”
“The issue is always the same: the government or the market. There is no third solution.”
“There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.”
“What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.”
“Under capitalism everybody is the architect of his own fortune.”
“Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.”
“Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”
“Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.”
“Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.”
“The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.”
“The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.”
“In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism.”
“Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”
“It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.”
“Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.”
“The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.”

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