Donald Sassoon Quotes


A highly efficient and profitable capitalist system would make possible a welfare state, redistribution of income and greater social opportunities for all..


Context

Almost all of the successful welfare states have also had a strong and successful capitalistic economy.


Citations

Donald Sassoon, Political & Economic Historian, Political Scientist, One Hundred Years of Socialism, 1996

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

This was an honest theoretical belief of Mises. However, most of the criticism of capitalism in the industrial democracies is precisely the lack of unemployment and sustenance for all. When it does, even complaints about inequality tend to be minimal. But some capitalist societies never provided these, and by the 21st century, no capitalist nation was able to do so permanently without recessions and depressions.


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