Amount Quote by Eric Hobsbawm
“Impotence therefore faces both those who believe in what amounts to a pure, stateless, market capitalism, a sort of international bourgeois anarchism, and those who believe in a planned socialism uncontaminated by private profit-seeking. Both are bankrupt. The future, like the present and the past, belongs to mixed economies in which public and private are braided together in one way or another. But how? That is the problem for everybody today, but especially for people on the left.”
About This Quote
Source Book: Age of Extremes, 1994
Pure market or pure planned economies fail; mixed economies blend public and private strengths.
In simple terms: Mixed economies combine public and private.
Key Takeaway
Advocate balanced economic policies.
Themes
economics
political theory
mixed economies
Mood
thoughtful
balanced
Type
theoretical
strategic
When to use this quote
- policy design
- urban planning
- social welfare
- business strategy
Key Concepts
capitalism
socialism
public‑private partnership
Questions to Reflect On
- How can mixed models address inequality?
- What safeguards prevent private capture?
A Different Perspective
Balancing interests can be politically contentious.
![“He[Napoleon] had destroyed only one thing: the Jacobin Revolution, the dream of equality, liberty and fraternity, and of the people rising in its majesty to shake off oppression. It was a more powerful myth than his, for after his fall it was this, and not his memory, which inspired the…” quote by Eric Hobsbawm](https://sms4smile.com/quotes/img-quotes/dfd/eric-hobsbawm-20660_century_he-napoleon-had-destroyed-only-one-thing_1313226.jpg)
