Approval Quote by Richard A. Falk
“Post-1989 capitalism was far more unfriendly to economic and social rights than was the prior capitalism seeking to win public approval as a more compassionate economic arrangement than that which prevailed in state socialist economies.”
About This Quote
Source Article: The Global Economy Post‑1989, 2002
The author argues that after 1989 capitalism became less supportive of economic and social rights compared to earlier, more compassionate forms that sought public approval.
In simple terms: Post‑1989 capitalism reduced social protections.
Key Takeaway
Advocate policies that protect rights.
Themes
economics
politics
social justice
Mood
critical
analytical
Type
academic
philosophical
When to use this quote
- policy making
- labor rights
- public welfare
- economic reform
Key Concepts
neoliberalism
welfare state
Questions to Reflect On
- What policies can restore compassion?
- How do we measure economic fairness?
A Different Perspective
Critics may claim earlier capitalism also had flaws.
![“The [Communist] Party has one objective: the creation of a socialist economy; and one means: the utilization of the class struggle.” quote by Jean-Paul Sartre](https://sms4smile.com/quotes/img-quotes/3cb/jean-paul-sartre-220_class_the-communist-party-has-one-objective-th_1343527.jpg)
