Capitalism Quote by Nikita Khrushchev
“When all the world is socialist, Switzerland will have to remain capitalist, so that it can tell us the price of everything.”
About This Quote
Source Speech: United Nations General Assembly, 1960
Switzerland must stay capitalist to provide a benchmark for pricing in a socialist world.
In simple terms: Capitalism as a reference point.
Key Takeaway
Maintain a market economy for price signals.
Themes
economics
politics
global trade
ideology
Mood
analytical
critical
Type
economic
political
When to use this quote
- international finance
- trade negotiations
- policy analysis
- economic planning
Key Concepts
comparative economics
price signaling
political strategy
Questions to Reflect On
- What are the risks of relying on a single economy as a benchmark?
- How can socialist economies develop their own pricing mechanisms?
A Different Perspective
Capitalist systems may also suffer from market failures.
![“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)
