--- title: "Meaning & Key Takeaway of: The malfeasance and misjudgments by our…" description: "\"The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency soc..." image: "https://sms4smile.com/quotes/i/06d/john-c-bogle-2199_capitalism_the-malfeasance-and-misjudgments-by-our_559048.jpg" --- # The malfeasance and misjudgments by our corporate… ![“The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.” quote by John C. Bogle](https://sms4smile.com/quotes/i/06d/john-c-bogle-2199_capitalism_the-malfeasance-and-misjudgments-by-our_559048.jpg) [Download](https://sms4smile.com/quotes/i/06d/john-c-bogle-2199_capitalism_the-malfeasance-and-misjudgments-by-our_559048.jpg) [Open image](https://sms4smile.com/quotes/i/06d/john-c-bogle-2199_capitalism_the-malfeasance-and-misjudgments-by-our_559048.jpg) > “The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.” [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Leaders' ethical lapses and agency failures expose capitalism's flaws. **In simple terms:** Leaders' failures show capitalism's problems. Key Takeaway Demand ethical accountability. Themes economics ethics leadership Mood critical analytical Type philosophical political When to use this quote - investment decisions - regulatory reform - public discourse Key Concepts capitalism critique corporate governance public policy Questions to Reflect On - How can we improve corporate ethics? - What reforms are most effective? A Different Perspective Capitalism also drives innovation and growth. ★ ★ ★ ★ ★ No ratings yet [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Declining Ethical](https://sms4smile.com/quotes/about/declining-ethical-4638260/) [Failure](https://sms4smile.com/quotes/about/failure/) [Failure Capitalism](https://sms4smile.com/quotes/about/failure-capitalism-266683/) [Government](https://sms4smile.com/quotes/about/government/) [Leaders Declining](https://sms4smile.com/quotes/about/leaders-declining-4638262/) [Leadership](https://sms4smile.com/quotes/about/leadership/) [Society](https://sms4smile.com/quotes/about/society/) [Standards Failure](https://sms4smile.com/quotes/about/standards-failure-4638261/) ## Related quotes > [Any policy is a success by sufficiently low standards and a failure by sufficiently high standards.](https://sms4smile.com/quotes/thomas-sowell/any-policy-is-a-success-by-sufficiently-low-standards-and-a-failure/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he…](https://sms4smile.com/quotes/peter-boettke/if-you-bound-the-arms-and-legs-of-gold-medal-swimmer-michael-phelps/) [Peter Boettke](https://sms4smile.com/quotes/author/peter-boettke/) > [America traditionally represents the greatest possibility of someone's going from nothing to something. 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This is not so much a failure of capitalism as of…](https://sms4smile.com/quotes/mariana-mazzucato/another-similarity-of-brexit-and-trump-s-campaigns-was-an-attack-on/) [Mariana Mazzucato](https://sms4smile.com/quotes/author/mariana-mazzucato/) > [For capitalism flourishes best in a mobile and egalitarian society](https://sms4smile.com/quotes/francis-fukuyama/for-capitalism-flourishes-best-in-a-mobile-and-egalitarian-society/) [Francis Fukuyama](https://sms4smile.com/quotes/author/francis-fukuyama/) > [Democratic socialism means, that in a democratic, civilized society, the wealthiest people and the largest corporations must pay their fair share of taxes.](https://sms4smile.com/quotes/bernie-sanders/democratic-socialism-means-that-in-a-democratic-civilized-society-the/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Socialism, on the contrary, extends its function to the description of society as it should be, and the discovery of the means of making…](https://sms4smile.com/quotes/benjamin-tucker/socialism-on-the-contrary-extends-its-function-to-the-description-of/) [Benjamin Tucker](https://sms4smile.com/quotes/author/benjamin-tucker/) > [What is called 'capitalism'is basically a system of corporate mercantilism, with huge and largely unaccountable private tyrannies exercising vast control over the economy, political…](https://sms4smile.com/quotes/noam-chomsky/what-is-called-capitalism-is-basically-a-system-of-corporate/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Technological society leads to increasing numbers of people who cannot adapt to the inhuman rhythm of modern life with its emphasis on specialization. A…](https://sms4smile.com/quotes/jacques-ellul/technological-society-leads-to-increasing-numbers-of-people-who/) [Jacques Ellul](https://sms4smile.com/quotes/author/jacques-ellul/) > [“Modern society, the political body, the legal and judiciary system, the state of governance, capitalism and the very fabric of the society itself, including…](https://sms4smile.com/quotes/bryant-mcgill/modern-society-the-political-body-the-legal-and-judiciary-system-the/) [Bryant McGill](https://sms4smile.com/quotes/author/bryant-mcgill/) > [In 21st century America, capitalism has been unfettered from the regulations that democratized it and made it serve society.](https://sms4smile.com/quotes/paul-craig-roberts/in-21st-century-america-capitalism-has-been-unfettered-from-the/) [Paul Craig Roberts](https://sms4smile.com/quotes/author/paul-craig-roberts/) > [Capitalism is not the system of the past; it is the system of the future -- if mankind is to have a future](https://sms4smile.com/quotes/ayn-rand/capitalism-is-not-the-system-of-the-past-it-is-the-system-of-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) ## More by John C. Bogle > [The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…](https://sms4smile.com/quotes/john-c-bogle/the-basic-idea-of-retirement-income-is-to-me-to-get-a-check-two/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [When you're young, you've got plenty of time to recover from your mistakes.](https://sms4smile.com/quotes/john-c-bogle/when-you-re-young-you-ve-got-plenty-of-time-to-recover-from-your/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.](https://sms4smile.com/quotes/john-c-bogle/i-almost-hate-to-say-how-proud-i-am-of-my-career-and-most-of-all/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his…](https://sms4smile.com/quotes/john-c-bogle/an-investment-in-knowledge-always-pays-the-best-interest-learning-is/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I…](https://sms4smile.com/quotes/john-c-bogle/i-liked-the-so-called-volcker-rule-i-would-have-separated-investment/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a…](https://sms4smile.com/quotes/john-c-bogle/we-make-too-much-out-of-past-performance-and-it-s-very-misleading-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, "reversion…](https://sms4smile.com/quotes/john-c-bogle/it-s-very-difficult-for-any-particular-segment-of-the-stock-market-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I do think that impact investing is not that effective. Shares go from investor A to investor B, and the company doesn't even know…](https://sms4smile.com/quotes/john-c-bogle/i-do-think-that-impact-investing-is-not-that-effective-shares-go-from/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and…](https://sms4smile.com/quotes/john-c-bogle/i-was-born-in-an-earlier-generation-and-as-a-group-my-classmates-at/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [My only regret about money is that I don't have more to give away.](https://sms4smile.com/quotes/john-c-bogle/my-only-regret-about-money-is-that-i-don-t-have-more-to-give-away/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [U.S. companies are innovative and entrepreneurial.](https://sms4smile.com/quotes/john-c-bogle/u-s-companies-are-innovative-and-entrepreneurial/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for…](https://sms4smile.com/quotes/john-c-bogle/successful-investing-is-about-owning-businesses-and-reaping-the-huge/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The average hedge fund manager is going to earn zero per cent in extra return.](https://sms4smile.com/quotes/john-c-bogle/the-average-hedge-fund-manager-is-going-to-earn-zero-per-cent-in/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Explore all 179 John C. Bogle quotes ](https://sms4smile.com/quotes/author/john-c-bogle/) ## More Capitalism quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/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.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Philosopher is a dictator who modifies accepted standards with his thoughts.](https://sms4smile.com/quotes/ilkin-santak/philosopher-is-a-dictator-who-modifies-accepted-standards-with-his/) [Ilkin Santak](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/gore-vidal/there-is-only-one-party-in-the-united-states-the-property-party-and/) [Gore Vidal](https://sms4smile.com/quotes/author/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,… ](https://sms4smile.com/quotes/joseph-stalin/neither-italian-fascism-nor-german-national-socialism-have-anything/) [Joseph Stalin](https://sms4smile.com/quotes/author/joseph-stalin/) > [Corporations have nothing to do with values, and they know it, and sometimes say it.](https://sms4smile.com/quotes/eric-kierans/corporations-have-nothing-to-do-with-values-and-they-know-it-and/) [Eric Kierans](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/f-a-harper/both-fact-and-logic-seem-to-me-to-support-the-view-that-savings/) [F. 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Harper](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/anonymous/the-free-market-is-ugly-and-stupid-like-going-to-the-mall-the-unfree/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Capitalism, communism ... it's all garbage.](https://sms4smile.com/quotes/mstislav-rostropovich/capitalism-communism-it-s-all-garbage/) [Mstislav Rostropovich](https://sms4smile.com/quotes/author/mstislav-rostropovich/) > [There are no two countries with the same style of economic mechanism, with the same capitalism.](https://sms4smile.com/quotes/anatoly-chubais/there-are-no-two-countries-with-the-same-style-of-economic-mechanism/) [Anatoly Chubais](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/robert-kuttner/it-is-more-than-a-little-ironic-that-capital-accumulation-once-a/) [Robert Kuttner](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [Socialism is humanity's second nature. All politicians do is turn human vice into votes.](https://sms4smile.com/quotes/ilana-mercer/socialism-is-humanity-s-second-nature-all-politicians-do-is-turn/) [Ilana Mercer](https://sms4smile.com/quotes/author/ilana-mercer/) > [“Scholars have long debated whether capital markets lead to appropriate levels of saving and investment for future generations.”](https://sms4smile.com/quotes/david-l-weimer/scholars-have-long-debated-whether-capital-markets-lead-to/) [David L. Weimer](https://sms4smile.com/quotes/author/david-l-weimer/) > [“A car is one of the most interesting inventions, but driving is one of the most boring activities.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/a-car-is-one-of-the-most-interesting-inventions-but-driving-is-one-of/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) [Browse all 3,832 Capitalism quotes ](https://sms4smile.com/quotes/about/capitalism/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.", "creator": { "@type": "Person", "name": "John C. 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