--- title: "Meaning & Key Takeaway of: Capitalism in the United States has…" description: "\"Capitalism in the United States has undergone profound modification, not just under the New Deal but through a consensus that continued to grow after t..." image: "https://sms4smile.com/quotes/i/80c/norman-cousins-2488_capitalism_capitalism-in-the-united-states-has-unde_1998062.png" --- # Capitalism in the United States has undergone profound… ![“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.” quote by Norman Cousins](https://sms4smile.com/quotes/i/80c/norman-cousins-2488_capitalism_capitalism-in-the-united-states-has-unde_1998062.png) [Download](https://sms4smile.com/quotes/i/80c/norman-cousins-2488_capitalism_capitalism-in-the-united-states-has-unde_1998062.png) [Open image](https://sms4smile.com/quotes/i/80c/norman-cousins-2488_capitalism_capitalism-in-the-united-states-has-unde_1998062.png) > “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.” [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Capitalism United](https://sms4smile.com/quotes/about/capitalism-united-738190/) [Consensus](https://sms4smile.com/quotes/about/consensus/) [Country](https://sms4smile.com/quotes/about/country/) [Deal Consensus](https://sms4smile.com/quotes/about/deal-consensus-3499513/) [Deal Government](https://sms4smile.com/quotes/about/deal-government-240278/) [Deals](https://sms4smile.com/quotes/about/deals/) [Economics](https://sms4smile.com/quotes/about/economics/) [Government](https://sms4smile.com/quotes/about/government/) [Grows](https://sms4smile.com/quotes/about/grows/) [Modification](https://sms4smile.com/quotes/about/modification/) [New deal](https://sms4smile.com/quotes/about/new-deal/) [Partners](https://sms4smile.com/quotes/about/partners/) [Profound](https://sms4smile.com/quotes/about/profound/) [Senior](https://sms4smile.com/quotes/about/senior/) [States](https://sms4smile.com/quotes/about/states/) [Today](https://sms4smile.com/quotes/about/today/) [United](https://sms4smile.com/quotes/about/united/) [United states](https://sms4smile.com/quotes/about/united-states/) ## Related quotes > [Since 1981, when President Ronald Reagan took office promising to scale back the federal government, Republican leaders have promised to cut regulation and taxes,…](https://sms4smile.com/quotes/heather-cox-richardson/since-1981-when-president-ronald-reagan-took-office-promising-to/) [Heather Cox Richardson](https://sms4smile.com/quotes/author/heather-cox-richardson/) > [Men must turn square corners when they deal with the Government.](https://sms4smile.com/quotes/oliver-wendell-holmes-jr/men-must-turn-square-corners-when-they-deal-with-the-government/) [Oliver Wendell Holmes, Jr](https://sms4smile.com/quotes/author/oliver-wendell-holmes-jr/) > [Somewhere along the way to free-market capitalism, the United States became the most wasteful society on the planet.](https://sms4smile.com/quotes/paul-hawken/somewhere-along-the-way-to-free-market-capitalism-the-united-states/) [Paul Hawken](https://sms4smile.com/quotes/author/paul-hawken/) > [Unbridled capitalism in the United States can't be sustained socially. It leads to tensions.](https://sms4smile.com/quotes/kenneth-rogoff/unbridled-capitalism-in-the-united-states-can-t-be-sustained-socially/) [Kenneth Rogoff](https://sms4smile.com/quotes/author/kenneth-rogoff/) > [Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. 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Almost everything else is open to…](https://sms4smile.com/quotes/tariq-ramadan/the-dogmatic-and-therefore-invulnerable-core-in-islam-is/) [Tariq Ramadan](https://sms4smile.com/quotes/author/tariq-ramadan/) > [We alter and customize the thing every century, every generation, every day - both in the courts and in our own homes. And marriage…](https://sms4smile.com/quotes/elizabeth-gilbert/we-alter-and-customize-the-thing-every-century-every-generation-every/) [Elizabeth Gilbert](https://sms4smile.com/quotes/author/elizabeth-gilbert/) > [Any plan is bad which is incapable of modification.](https://sms4smile.com/quotes/publilius-syrus/any-plan-is-bad-which-is-incapable-of-modification/) [Publilius Syrus](https://sms4smile.com/quotes/author/publilius-syrus/) > [If, in the opinion of the people, the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected…](https://sms4smile.com/quotes/george-washington/if-in-the-opinion-of-the-people-the-distribution-or-modification-of/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) ## More by Norman Cousins > [The poet reminds men of their uniqueness and it is not necessary to possess the ultimate definition of this uniqueness. Even to speculate is…](https://sms4smile.com/quotes/norman-cousins/the-poet-reminds-men-of-their-uniqueness-and-it-is-not-necessary-to/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [Unobstructed access to facts can produce unlimited good only if it is matched by the desire and ability to find out what they mean…](https://sms4smile.com/quotes/norman-cousins/unobstructed-access-to-facts-can-produce-unlimited-good-only-if-it-is/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [What was significant about the laughter . . . was not just the fact that it provides internal exercise for a person . .…](https://sms4smile.com/quotes/norman-cousins/what-was-significant-about-the-laughter-was-not-just-the-fact-that-it/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [You are younger today than you will ever be again. Make use of it for the sake of tomorrow.](https://sms4smile.com/quotes/norman-cousins/you-are-younger-today-than-you-will-ever-be-again-make-use-of-it-for/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [On the quality of life: #1. Realize that each human being has a built-in capacity for recuperation and repair. #2. Recognize that the quality…](https://sms4smile.com/quotes/norman-cousins/on-the-quality-of-life-1-realize-that-each-human-being-has-a-built-in/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [What a man really says when he says that someone else can be persuaded by force, is that he himself is incapable of more…](https://sms4smile.com/quotes/norman-cousins/what-a-man-really-says-when-he-says-that-someone-else-can-be/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [The starting point for a better world is the belief that it is possible.](https://sms4smile.com/quotes/norman-cousins/the-starting-point-for-a-better-world-is-the-belief-that-it-is/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [The physician knows that his little black bag can carry him only so far and that the body's own healing system is the main…](https://sms4smile.com/quotes/norman-cousins/the-physician-knows-that-his-little-black-bag-can-carry-him-only-so/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [We are wide-eyed in contemplating the possibility that life may exist elsewhere in the universe, but we wear blinders when contemplating the possibilities of…](https://sms4smile.com/quotes/norman-cousins/we-are-wide-eyed-in-contemplating-the-possibility-that-life-may-exist/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [The essence of man is imperfection. Failure is simply a price we pay to achieve success. If we learn to embrace that new definition…](https://sms4smile.com/quotes/norman-cousins/the-essence-of-man-is-imperfection-failure-is-simply-a-price-we-pay/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [My reason nourishes my faith and my faith my reason.](https://sms4smile.com/quotes/norman-cousins/my-reason-nourishes-my-faith-and-my-faith-my-reason/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [The growth of the human mind is still high adventure, in many ways the highest adventure on earth.](https://sms4smile.com/quotes/norman-cousins/the-growth-of-the-human-mind-is-still-high-adventure-in-many-ways-the/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [Death is not the enemy; living in constant fear of it is.](https://sms4smile.com/quotes/norman-cousins/death-is-not-the-enemy-living-in-constant-fear-of-it-is/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [All this sensory input, which begins in the brain, has its effect throughout the body.](https://sms4smile.com/quotes/norman-cousins/all-this-sensory-input-which-begins-in-the-brain-has-its-effect/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) > [Humanity today is not safe in the presence of humanity. The old cannibalism has given way to anonymous action in which the killer and…](https://sms4smile.com/quotes/norman-cousins/humanity-today-is-not-safe-in-the-presence-of-humanity-the-old/) [Norman Cousins](https://sms4smile.com/quotes/author/norman-cousins/) [Explore all 162 Norman Cousins quotes ](https://sms4smile.com/quotes/author/norman-cousins/) ## 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. A. 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": "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. 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