Regulated Capitalism Quotes

Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.

I don't think that capitalism should be unbridled, if by 'unbridled' you mean unregulated.

The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system.

What I know is that we no longer have free enterprise capitalism in health care; it's not a system any longer where people are able to innovate. It's not based on voluntary exchange. The government is directing it.

My general view is that capitalism is an amazing innovation and job-creation machine. But what we've done historically that has been so brilliant is that we've moderated it with appropriate tax policy, with regulation, with workers' rights and infrastructure in our society that make sure that everyone has an opportunity.

I am a strong believer in the free market. I am a strong believer in capitalism. But, I am also a strong believer that there are certain common goods - our air, our water, making sure that people are safe - that require to have some regulation.

Capitalism with airbags—the type of capitalism I am a fan of.

I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.

Populism is the simple premise that markets need to be restrained by society and by a democratic political system. We are not socialists or communists, we are proponents of regulated capitalism and, I might add, people who have read American history.

Capitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.