Capitalism is a system in which many scarce resources are owned privately, and decisions about allocating them are a private prerogative. Democracy is a system through which people as citizens may express preferences about allocating resources that they do not privately own. Hence the perennial question of political theory and of practical politics concerns the competence of these two systems with regard to each other. Is it possible for governments to control a capitalist economy? In particular, is it possible to steer the economy against the interests and preferences of those who control productive wealth?
Adam PrzeworskiRelated topics
capitalist competence control democracy economy express particular people perennial political politics possible practical prerogative private question regard steer system theory wealth capitalism interests preferencesRelated quotes
Actually, a kind of state socialism seemed to be gaining more and more ground, furthered by many of the [Nazi] party functionaries. They had already managed to have all plants owned by the state distributed among the various party districts and subordinated to their own district enterprises... Our very system of industrial direction in the interests of war production could easily become the framework for a state-socialist economic order. The result was that our organization, the more efficient it became, was itself providing the party leaders with the instruments for the doom of private enterprise.
Albert Speer
In particular, a free market and capitalism, both subject to state control, are now being permitted and are developing; on the other hand, the socialised state enterprises are being put on what is called a profit basis, i. e., they are being reorganised on commercial lines, which, in view of the general cultural backwardness and exhaustion of the country, will, to a greater or lesser degree, inevitably give rise to the impression among the masses that there is an antagonism of interest between the management of the different enterprises and the workers employed in them.
Vladimir Lenin
Be sceptical, question authority, be a rebel. Do not conform and don't be ordinary. Remember, all human progress is the result of far-sighted people challenging orthodoxy, tradition and rich, powerful, vested interests. Be daring, show imagination, take risks. Fight against the greatest human rights violation of all: free market capitalism, which has created a world divided into rich and poor, where hundreds of millions of people are malnourished, homeless, without clean drinking water and dying from hunger and preventable diseases. Don't accept the world as it is. Dream about what the world could be – then help make it happen.
Peter Tatchell
For a democracy to be healthy and effective, three political parties fight elections so that they can replace one another in Governments every few years. Dictatorial governments are either communist, or fascist, or military or personal. Nothing can control the power and wealth of a dictator. History has shown that there were no benevolent dictators and even if a saint became a dictator, he would be corrupted by the unlimited power and wealth at his command, and soon become a despot and tyrant. Mahatma Gandhi, who got us freedom by the unique method of non-violent resistance against evil was an ideal democrat.
Morarji Desai
The economy - once a great scatter of small productive units in autonomous balance, has become dominated by two or three hundred giant corporations, administratively and politically interrelated... The political order, once a decentralized set of several dozen states with a weak spinal cord, has become a centralized executive establishment which has taken up into itself many powers previously scattered... The military order, once a slim establishment in a context of distrust fed by state militia, has become the largest and most expensive feature of government.
C. Wright Mills
