Capitalism Quote by Norman Cousins
“Capitalism in the United States has undergone profound modification, not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a senior partner in every business in the country.”
About This Quote
Modern U.S. capitalism features extensive government involvement across industries.
In simple terms: Government partners with businesses.
Key Takeaway
Recognize public‑private dynamics.
Themes
economics
government
capitalism
Mood
analytical
critical
Type
explanatory
academic
When to use this quote
- policy analysis
- investment decisions
- entrepreneurship
- civic engagement
Key Concepts
public policy
regulation
Questions to Reflect On
- How does this partnership affect innovation?
- What balance is ideal?
A Different Perspective
Government influence can limit market freedom.
![“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)
