Capitalism Quote by James Buchan
“The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.”
About This Quote
Modern Western economic thought ignores environmental costs, leading to crises that the system claimed to have solved.
In simple terms: Economics neglects ecology, causing self‑inflicted crises.
Key Takeaway
Integrate ecological reality into policy.
Themes
economics
environment
politics
crisis
policy
Mood
critical
concerned
Type
analysis
political quote
When to use this quote
- government planning
- academic curricula
- public discourse
Key Concepts
political economy
sustainability
Practical Applications
- policy analysis
- sustainability consulting
Questions to Reflect On
- How can economic models account for planetary limits?
- What incentives could realign profit and planet?
![“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)
