Most Powerful Pro Capitalism quotations
Our combination of great research universities, a pro-risk business culture, deep pools of innovation-seeking equity capital and reliable business and contract law is unprecedented and unparalleled in the world.
One of the great ironies is that the impact of the flattening world has not been to empower decentralized rural land, but to strengthen the cities in China and India and elsewhere that are gateways between those countries and the West. It's deeply wise for the Chinese to be pro-urban in terms of development. They're creating space for ideas and human capital to be developed.
Yes it is true that pro-capitalist forces have a lot of power.
But so did slave-holding racists. We give ourselves hope when we conceptualize capitalism as a set of practices that can be challenged by fighting the piece of the puzzle we feel most compelled to fight.
This week, Iranian-backed Houthi rebels seized control of the Yemeni government, heretofore pro-American. In September, they overran Sanaa, the capital. On Tuesday, they seized the presidential palace. On Thursday, they forced the president to resign.
The mode of reconciling the promise of ever-increasing reward for the cadres and the demands of the working classes for a quid pro quo for their loyalty to the state was to offer the latter a small piece of the pie.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.