Capitalism Quote by Benedict Groeschel
“We are developing in the United States a huge underclass of unwanted people, many of them the descendants of the exploitation of the South American and Latin American countries by American piratical capitalism. Not all capitalism is piratical, but some of it certainly is. And we have a fantastic gap beginning to exist between rich and poor.”
About This Quote
Source Essay: “Capitalism and the Emerging Underclass” published in 2015
The author warns that exploitative capitalism creates a growing underclass, especially among descendants of Latin American exploitation, while noting not all capitalism is harmful.
In simple terms: Exploitive capitalism creates a poor underclass.
Key Takeaway
Address economic inequality and reform exploitative practices.
Themes
economics
inequality
colonialism
Mood
critical
analytical
Type
political
economic
When to use this quote
- policy analysis
- academic discussion
- public debate
Key Concepts
social justice
wealth distribution
Questions to Reflect On
- How can policies protect vulnerable populations?
- What reforms can balance growth and equity?
A Different Perspective
Capitalism also drives innovation and poverty reduction.
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
