"Under capitalism each individual engages in economic planning"
- George Reisman
About this Quote
This quote by George Reisman is describing the financial system of commercialism. Under commercialism, individuals are cost-free to make their own economic decisions and also seek their very own economic goals. This means that each person is in charge of their own financial preparation. This can consist of deciding just how to assign their sources, what financial investments to make, and exactly how to maximize their earnings. This economic flexibility permits individuals to pursue their own financial rate of interests and create wide range for themselves. This is in contrast to various other financial systems, such as socialism, where the government makes economic choices for the entire population. Industrialism enables people to make their own economic decisions and also take obligation for their own financial planning.
This quote is written / told by George Reisman somewhere between January 13, 1937 and today. He was a famous Economist from USA.
The author also have 2 other quotes.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
