Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.
Sentiment: POSITIVE
Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals.
Businesses must invest in products and people in order to create new wealth.
We can bring together rich natural resources, innovative research and development, smart investors, and risk-taking farming and manufacturing entrepreneurs.
This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many.
We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.
While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work.
I suspect that one of capitalism's crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds.
Capitalism has socialized production. It has brought thousands of people together in the factory and involved them in new social relationships.
So I'm definitely in favour of stimulating the dynamic wealth creation sectors of the economy.
No opposing quotes found.