Steve Hanke - Since the end of the 1970s, free...

Since the end of the 1970s, free-market capitalism has been in, and socialism has been out.

Steve Hanke

American Economist

Born: Dec 29, 1942

Topics

Capitalism, Socialism, Out, Has-Been, Since, Been, End

Links

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Related Authors

Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell

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Quotes To Explore

Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system. Martin Luther King, Jr.

Capitalism Change Will Few Rich Others Resources Way Rules System Some Small Economic Almost Almost All Since Beyond Know Does Permit Privileged Going Doomed Poor Works Even Conscience Level Flow

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Winston Churchill

Capitalism Socialism Virtue Miseries Sharing Blessings Equal Unequal Vice Inherent

Socialism states that you owe me something simply because I exist. Capitalism, by contrast, results in a sort of reality-forced altruism: I may not want to help you, I may dislike you, but if I don't give you a product or service you want, I will starve. Voluntary exchange is more moral than forced redistribution. Ben Shapiro

Service Me You Capitalism Socialism Will Starve States Moral Give Something More Results Exchange Simply Voluntary Forced Sort Because Redistribution Altruism Exist Contrast Than Owe May Want Dislike Product Help