Profit and loss Quote by Llewellyn H. Rockwell Jr

Central planning didn't work for Stalin or Mao, and it won't work for an entrepreneur either.

— Michael Bloomberg

“An older generation of free market economists used to point out that what is wrong with socialist planning is that it requires the sort…

— Tony Judt

Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come…

— Jeremy Grantham

Socialism cannot function, because its economic reward structure is contrary to human nature.

— Frans de Waal

A fundamental contradiction does not exist between socialism and a market economy.

— Deng Xiaoping

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

— Friedrich August von Hayek

We've got to establish a socialistic economic structure that will limit private, profit-oriented businesses.

— Jane Fonda

If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on…

— Llewellyn Rockwell

I think socialism is really about recognizing that there are limits to what the market can do. The market is very useful; at times…

— Gillian Tett

I understand by socialism a society in which the aim of production is not profit, but the use. In which the individual citizen participates…

— Erich Fromm

The market came with the dawn of civilization and it is not an invention of capitalism. ... If it leads to improving the well-being…

— Mikhail Gorbachev

Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense…

— Ludwig von Mises