The pinnacle of human consciousness must be the rejection of unhealthy competition, war and violence.
As these contrasts show, capitalism has undergone enormous changes in the last two and a half centuries. While some of Smith__ basic principles remain valid, they do so only at very general levels.For example, competition among profit-seeking firms may still be the key driving force of capitalism, as in Smith__ scheme. But it is not between small, anonymous firms which, accepting consumer tastes, fight it out by increasing the efficiency in the use of given technology. Today, competition is among huge multinational companies, with the ability not only to influence prices but to redefine technologies in a short span of time (think about the battle between Apple and Samsung) and to manipulate consumer tastes through brand-image building and advertising.
Economics: The User's Guide
Quote Detail
As these contrasts show, capitalism has undergone enormous changes in the last two and a half centuries. While some of Smith__ basic principles remain valid, they do so only at very general levels.For example, competition among profit-seeking firms may still be the key driving force of capitalism, as in Smith__ scheme. But it is not between small, anonymous firms which, accepting consumer tastes, fight it out by increasing the efficiency in the use of given technology. Today, competition is among huge multinational companies, with the ability not only to influence prices but to redefine technologies in a short span of time (think about the battle between Apple and Samsung) and to manipulate consumer tastes through brand-image building and advertising.
Quick Answer
What this quote page tells you
This canonical quote page keeps the full saying, the attributed author, any linked work, and the topic tags together so the quote can be cited from one stable URL.
Related Quotes
More quote cards from the same area
By the way, if anyone here is in advertising or marketing, kill yourself.
[Lizzie Bennington to a reporter who has asked for her opinion about Jack Archer's celebrated thighs.] __hen you come back from a set down and bring the match to a final set tiebreak and are a point away from winning the match, only to have what looks like an extremely fit player call a time out because of a cramp and then watch that player sit back and casually converse and laugh while you do your best to keep your mental focus and your body moving so you don__ grow cold and cramp yourself, I hardly think you__ concern yourself with his burgeoning manhood, let alone his thighs!
He was working that charm right now on the trainer who kneeled before him and touched his thigh as though it were the thigh of David, Michelangelo__ glorious statue come to life right here on court.
Well, with that filly in my line of vision blushing like a virgin, something in me was bound to stand at attention. And my walking legs were occupied.
We make a living by what we get, but we make a life by what we give. The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. The whole history of the world is summed up in the fact that, when nations are strong, they are not always just, and when they wish to be just, they are no longer strong.