With free market and free man, if you remove one of them…

“With free market and free man, if you remove one of them, it is not called capitalism in my dictionary.”

Li Lu

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Capitalism requires both free markets and free individuals; removing one invalidates the system.

In simple terms: Both market and freedom needed.

Key Takeaway

Protect economic and personal liberty.

Themes

economics politics freedom

Mood

analytical critical

Type

political economic

When to use this quote

policy making
business ethics
civil liberties

Key Concepts

capitalist theory individual rights

Questions to Reflect On

What happens when freedom is limited?
Can markets thrive without free people?

A Different Perspective

Ignoring one aspect leads to flawed models.

★ ★ ★ ★ ★ No ratings yet

More by Li Lu

Everyone has blind spots, and even the brightest people are no exceptions.

Li Lu

Mao Zedong's way was to make people crazy. It was like a religious cult.

Li Lu

Without a free man, there is no free market. That's called exploitation.

Li Lu

All companies incur expenses, some of which are fixed and bear no relation to sales volumes. In this way, profits can grow at a…

Li Lu

I grew up in Communist China and never had much money to my name, and then, all of a sudden, I had giant student…

Li Lu

A 'competence' that has no defined borders cannot be called a true competence.

Li Lu

When I first came to Columbia University, I was dirt poor. I did not choose to come here - I just ended up here…

Li Lu

You can't imagine a free market coupled with a dictatorship.

Li Lu

Tiananmen did not fail.

Li Lu

Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there…

Li Lu

I was born and grew up in China during the 1960s.

Li Lu

Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all…

Li Lu

In my 40s, the two cultures finally came to peace with one other inside me, and I have come to identify myself as both…

Li Lu

Politically, China suppresses its people, but because the government allows some freedom in economic matters, business has become the ultimate expression of individuality.

Li Lu

No dictatorship can be sustained within the context of an information revolution.

Li Lu

Explore all 35 Li Lu quotes

More Capitalism quotes

Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.

Rupert Murdoch

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

Alan Greenspan

Philosopher is a dictator who modifies accepted standards with his thoughts.

Ilkin Santak

There is only one party in the United States, the Property Party...and it has two right wings: Republican and Democrat. Republicans are a bit…

Gore Vidal

Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants,…

Joseph Stalin

Corporations have nothing to do with values, and they know it, and sometimes say it.

Eric Kierans

Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an…

F. A. Harper

The free market is ugly and stupid, like going to the mall; the unfree market is just as ugly and just as stupid, except…

Anonymous

Capitalism, communism ... it's all garbage.

Mstislav Rostropovich

There are no two countries with the same style of economic mechanism, with the same capitalism.

Anatoly Chubais

It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become…

Robert Kuttner

Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…

John Adams