Capitalism Quotes
March 4, 1933 was the date that Franklin Delano Roosevelt had assumed the Presidency from Herbert Hoover and used government to combat the Great Depression whereas Hoover would not take any of these steps as the conservative wing of his party and he regarded anything that government did was “creeping socialism”. Historically, it is useful to recall what steps Roosevelt took that were described as socialism. These include Social Security, Federal Deposit Insurance for bank accounts, aid to farmers, the Civilian Conservation Corps, Regulation of the stock market, regulation of banks and many other things that are key elements of modern capitalism which virtually every capitalistic nations has in one form or another. Long after Truman was out of office, the most conservative elements of the Republican Party have accused every Democratic President of “creeping socialism” when they were actually quite opposed to socialism. Even when their career before their presidency was full of criticisms of socialism and policies that are opposite, as in the case of President Obama, the President has been accused of being a socialist. However, it started with Franklin Delano Roosevelt and Harry S Truman.
Sometimes this is misquoted as 'The business of America is business.' See Woodrow Wilson for an earlier statement of this idea which is almost always incorrectly attributed to Coolidge as the originator of the idea.
Cuba was not Communist under Castro in the Russian style of Communism. However, Castro operated Cuba with many of the key Marxist & Leninist Communist Principles {636672} (some of which the Russians were hypocritical about). Cuba was very much a Marxist, Socialistic State with few of the democratic reforms that characterized European Socialism. Until the collapse of the Soviet Union, Russian Communist aid propped up the Cuban economy, and that was another motivation for Castro not to criticize Russian Communism so he often appeared to be in agreement with Russian Communism even when he wasn't.
Communism only works in Heaven, where they don’t need it, and in hell, where they’ve already got it.
Sometimes quoted as “Socialism only works in two places: Heaven where they don't need it, and hell where they already have it.”
Leaders of nations for years only trusted as truly patriotic those man—usually nobles of the aristocracy—who owned land. If an invader came and seized their land, they would lose their wealth. However money is fungible, and a banker can easily move his money abroad and join another nation or side in a war. If the country is ruined by war, the manufacturer cannot obtain labor or raw materials, The financier depends on none of these and so hs not the vested interest in the welfare of the nation.
This is a very important quotation. It is often cited by preventive war hawks to show that deterrence might not be a sufficient inhibitor against an extreme ideological enemy. In this case it was political philosophy that would make the enemy willing to have the majority of its population die to reach the ideological objective. More fearful is the prospect of the Theocracy of Iran where the leaders may believe that nuclear jihad is a commandment of God. More critical is the Islamic theology which says that if most of the Iranian Muslim population die in a nuclear war that they start all those people will be martyrs and immediately go to God’s Paradise. Thus, even the dead Muslims are not victims and the nonbelievers should be killed. For extremely fanatical Muslims nuclear war can be a logical and holy course of action.
In 1961 the President intervened in a labor dispute in the steel industry with the "understanding" that the steel companies would not raise their prices after the settlement. As soon as there was a settlement prices were raised:. The President "persuaded" the steel executives to rescind the increases.
Stamp was a banker and the 2nd richest man in England at the time. Yet he warned about aspects of banking that needed reform and regulation.
This extreme position illustrates how a politician, trying to defend a particular position can get carried away and lose rational sense of balance. The air we breath is free and quite valuable—essential really. The exercise of most of our political rights is without charge. Legitimate religions do not require payment.
