Capitalism Quote by John Kenneth Galbraith
““Under capitalism, man exploits man; while under socialism just the reverse is true.””
About This Quote
Source Book: "The Economics of Innocence", 1969
Capitalism leads to exploitation of people by people; socialism reverses the direction of exploitation.
In simple terms: Both systems involve exploitation, just opposite directions.
Key Takeaway
Seek economic structures that minimize exploitation.
Themes
economics
capitalism
socialism
exploitation
inequality
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- policy design
- labor rights
- wealth distribution
- social welfare
Key Concepts
systemic analysis
ethical economics
Questions to Reflect On
- Can a hybrid model reduce exploitation?
- What safeguards protect workers?
A Different Perspective
No system fully eliminates exploitation; trade-offs exist.
![“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)
