"The market came with the dawn of civilization and it is not an invention of capitalism. If it leads to improving the well-being of the people there is no contradiction with socialism"
- Mikhail Gorbachev
About this Quote
This quote by Mikhail Gorbachev speaks to the idea that the marketplace is not an idea that was created by capitalism, however rather has been around because the dawn of civilization. He is suggesting that the market can be utilized to enhance the wellness of individuals, which this does not oppose socialism. This is a fascinating viewpoint, as it recommends that the market can be used to benefit individuals, no matter the financial system in place. Gorbachev is recommending that the marketplace can be used to improve the lives of people, which this does not need to be in opposition to socialism. This is an important point to think about, as it suggests that the market can be used to benefit people, regardless of the financial system in location.