capitalism

Nor is he liberal who gives with pain; for he would prefer the wealth to the noble act, and this is not characteristic of a liberal man. But no more will the liberal man take from wrong sources; for such taking is not characteristic of the man who sets no store by wealth.

The alienation, the downright visceral frustration, of the new American ideologues, the bone in their craw, is the unacknowledged fact that America has never been an especially capitalist country. The postal system, the land grant provision for public education, the national park system, the Homestead Act, the graduated income tax, the Social Security system, the G.I. Bill -- all of these were and are massive distributions or redistributions of wealth meant to benefit the population at large.

The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed. All laws on corporations, on taxation, on trusts, wills, descent, and the like, need examination and extensive change. This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations.

In Paris there are two dens, one for thieves, the other for murderers. The den of thieves is the Stock Exchange; the den of murderers is the Courthouse.

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.

I am opposing a social order in which it is possible for one man who does absolutely nothing that is useful to amass a fortune of hundreds of millions of dollars, while millions of men and women who work all the days of their lives secure barely enough for a wretched existence.

To get rich, one must have but a single idea, one fixed, hard, immutable thought: the desire to make a heap of gold. And in order to increase this heap of gold, one must be inflexible, a usurer, thief, extortionist, and murderer! And one must especially mistreat the small and the weak!And when this mountain of gold has been amassed, one can climb up on it, and from up on the summit, a smile on one__ lips, one can contemplate the valley of poor wretches that one has created.

Lately it's started to seem to me that here in America our fetishization of self-reliance has taken a wrong turn and has helped enable us to jettison compassion as a national value while still maintaining a vision of ourselves as essentially well-meaning. It hasn't taken a whole lot of common sense, given the evidence of the last few years, to puzzle out the heartlessness of unregulated capitalism, and yet our political class has embraced even more fervently the notion of every man for himself, even given the ever-growing numbers such a philosophy leaves behind.

It made Daniel think. The people who had the least were the most willing to share. He outlined a dictum that he would believe the rest of his life: the more people have, the less the give. Similarly, generous cultures produce less waste because excess is shared, whereas stingy nations fill their landfills with leftovers.

When morality comes up against profit, it is seldom that profit loses.

This is the postmodern desert inhabited by people who are, in effect, consuming themselves in the form of images and abstractions through which their desires, sense of identity, and memories are replicated and then sold back to them as products

The business card does not fully reflect who we are. We are being judged, we feel, in a humiliating way. We feel there is so much in us that has not got an expression in capitalism. You know, capitalism is a machine that recognizes outward financial, external achievement. And most of us carry all kinds of richness which we are unable to translate into that language.

Yet in reality, the likelihood of reaching the pinnacle of capitalist society today is only marginally better than were the chances of being accepted into the French nobility four centuries ago, though at least an aristocratic age was franker, and therefore kinder, about the odds. It did not relentlessly play up the possibilities open to all those with a take on the future of the potato crisp, and so, in turn, did not cruelly equate an ordinary life with a failed one.Our era is perverse in passing off an exception as a rule.

Even the richest person, provided the riches comes from mutually beneficial exchange, does not need to give anything "back" to the community, because this person took nothing out of the community. Indeed, the reverse is true: Enterprises give to the community. Their owners take huge risks, and front the money for investment, precisely with the goal of serving others. Their riches are signs that they have achieved their aims.

A true democratic society is supposed to serve its people, not big businesses. The welfare of its citizens, not corporate pockets. But when you have corporations buying the seats of our political leaders, who do you think they will serve?

Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American capitalism. He taught a generation how to think about business, and he showed that securities were not just tokens like the Monopoly flatiron, and that investing need not be a game of chance. It was also a logical, commonsensical enterprise, like the tangible businesses beneath. He stripped Wall Street of its mystery and rejoined it to Main Street -- a mythical or disappearing place, perhaps, but one that is comprehensible to the ordinary American.

A pickpocket is obviously a champion of private enterprise. But it would perhaps be an exaggeration to say that a pickpocket is a champion of private property. The point about Capitalism and Commercialism, as conducted of late, is that they have really preached the extension of business rather than the preservation of belongings; and have at best tried to disguise the pickpocket with some of the virtues of the pirate.

Men have more to lose than their chains .