--- title: "Meaning & Key Takeaway of: Capitalism improves the quality of life…" description: "\"Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and..." image: "https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg" --- # Capitalism improves the quality of life for the working… ![“Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods… Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas…” quote by Thomas DiLorenzo](https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg) [Download](https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg) [Open image](https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg) > “Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods… Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas artisans had previously produced their goods and wares mostly for the aristocracy. Under capitalism every business wants to cater to the masses, for that is where the money is.” [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Capitalism raises living standards for workers by increasing wages and providing affordable, better goods, shifting production from elite to mass markets. **In simple terms:** Capitalism improves workers' lives through wages and cheap goods. Key Takeaway Support policies that promote affordable innovation. Themes economics social class consumerism production market dynamics Mood analytical critical Type economic political When to use this quote - business strategy - public policy - consumer advocacy Key Concepts capitalism wage growth mass production affordability Questions to Reflect On - How can we balance affordability with product quality? - What safeguards protect workers in a mass‑market economy? A Different Perspective Mass production can reduce quality and exploit labor. ★ ★ ★ ★ ★ No ratings yet [Aristocracy](https://sms4smile.com/quotes/about/aristocracy/) [Artisans](https://sms4smile.com/quotes/about/artisans/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Capitalism Business](https://sms4smile.com/quotes/about/capitalism-business-4291550/) [Capitalism Emphasis](https://sms4smile.com/quotes/about/capitalism-emphasis-5785260/) [Capitalism Improves](https://sms4smile.com/quotes/about/capitalism-improves-5785259/) [Cheaper](https://sms4smile.com/quotes/about/cheaper/) [Class](https://sms4smile.com/quotes/about/class/) [Economics](https://sms4smile.com/quotes/about/economics/) [Emphasis](https://sms4smile.com/quotes/about/emphasis/) [Goods](https://sms4smile.com/quotes/about/goods/) [Goods Capitalism](https://sms4smile.com/quotes/about/goods-capitalism-5785261/) [Life](https://sms4smile.com/quotes/about/life/) [Mass](https://sms4smile.com/quotes/about/mass/) [Produce](https://sms4smile.com/quotes/about/produce/) [Quality](https://sms4smile.com/quotes/about/quality/) [Quality of life](https://sms4smile.com/quotes/about/quality-of-life/) [Wages](https://sms4smile.com/quotes/about/wages/) [Want](https://sms4smile.com/quotes/about/want/) [Working class](https://sms4smile.com/quotes/about/working-class/) ## Related quotes > [“If Capitalism improves the economic position all round, it is of secondary importance that it does not raise all to the same level. A…](https://sms4smile.com/quotes/ludwig-von-mises/if-capitalism-improves-the-economic-position-all-round-it-is-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [“The dream of stitching the world into a global village has been embodied in the nomenclature of modern technology—the net is interconnected, the Web…](https://sms4smile.com/quotes/franklin-foer/the-dream-of-stitching-the-world-into-a-global-village-has-been/) [Franklin Foer](https://sms4smile.com/quotes/author/franklin-foer/) > [You can gain experience, if you are careful to avoid empty redundancy. Do not fall into the error of the artisan who boasts of…](https://sms4smile.com/quotes/trevanian/you-can-gain-experience-if-you-are-careful-to-avoid-empty-redundancy/) [Trevanian](https://sms4smile.com/quotes/author/trevanian/) > [There is a creative pleasure, which, for instance, the artisan in the Middle Ages, or in a country like Mexico, still today has -…](https://sms4smile.com/quotes/erich-fromm/there-is-a-creative-pleasure-which-for-instance-the-artisan-in-the/) [Erich Fromm](https://sms4smile.com/quotes/author/erich-fromm/) > [Everywhere I go, I always look for creative entrepreneurs, whether it's artisans and craftsmen, small farmers and gardeners, or restaurateurs who use fresh, locally…](https://sms4smile.com/quotes/martha-stewart/everywhere-i-go-i-always-look-for-creative-entrepreneurs-whether-it-s/) [Martha Stewart](https://sms4smile.com/quotes/author/martha-stewart/) > [Anyone who has undergone home repair lately knows that your everyday artisan uses language so loosely and makes false promises so glibly as to…](https://sms4smile.com/quotes/mary-mcgrory/anyone-who-has-undergone-home-repair-lately-knows-that-your-everyday/) [Mary McGrory](https://sms4smile.com/quotes/author/mary-mcgrory/) > [Fifty-seven percent of Americans are do-it-yourselfers, craftspeople, and artisans and makers.](https://sms4smile.com/quotes/martha-stewart/fifty-seven-percent-of-americans-are-do-it-yourselfers-craftspeople/) [Martha Stewart](https://sms4smile.com/quotes/author/martha-stewart/) > [The artisan or scientist or the follower of whatever discipline who has the habit of comparing himself not with other followers but with the…](https://sms4smile.com/quotes/giacomo-leopardi/the-artisan-or-scientist-or-the-follower-of-whatever-discipline-who/) [Giacomo Leopardi](https://sms4smile.com/quotes/author/giacomo-leopardi/) > [I have a kind of old-fashioned, artisan approach.](https://sms4smile.com/quotes/lee-child/i-have-a-kind-of-old-fashioned-artisan-approach/) [Lee Child](https://sms4smile.com/quotes/author/lee-child/) > [An artisan without memories, whose only dream was to die of fatigue in the oblivion and misery of his little gold fishes.](https://sms4smile.com/quotes/gabriel-garc-a-m-rquez/an-artisan-without-memories-whose-only-dream-was-to-die-of-fatigue-in/) [Gabriel Garcia Marquez](https://sms4smile.com/quotes/author/gabriel-garc-a-m-rquez/) > [Not stones, nor wood, nor the art of artisans make a state; but where men are who know how to take care of themselves,…](https://sms4smile.com/quotes/john-quincy-adams/not-stones-nor-wood-nor-the-art-of-artisans-make-a-state-but-where/) [John Quincy Adams](https://sms4smile.com/quotes/author/john-quincy-adams/) > [It is just the little touches after the average man would quit that make the master's fame.](https://sms4smile.com/quotes/orison-swett-marden/it-is-just-the-little-touches-after-the-average-man-would-quit-that/) [Orison Swett Marden](https://sms4smile.com/quotes/author/orison-swett-marden/) > [Real artists find answers. The knowledge of the artisan is within the confines of his skills. For example, I know a lot about lenses,…](https://sms4smile.com/quotes/krzysztof-kieslowski/real-artists-find-answers-the-knowledge-of-the-artisan-is-within-the/) [Krzysztof Kieslowski](https://sms4smile.com/quotes/author/krzysztof-kieslowski/) > [The pride of the artisan in his art and its uses is pride in himself...It is in his skill and ability to make things…](https://sms4smile.com/quotes/george-santayana/the-pride-of-the-artisan-in-his-art-and-its-uses-is-pride-in-himself/) [George Santayana](https://sms4smile.com/quotes/author/george-santayana/) > [Violence is fomented by the imposition of singular and belligerent identities on gullible people, championed by proficient artisans of terror.](https://sms4smile.com/quotes/amartya-sen/violence-is-fomented-by-the-imposition-of-singular-and-belligerent/) [Amartya Sen](https://sms4smile.com/quotes/author/amartya-sen/) ## More by Thomas DiLorenzo > [Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the…](https://sms4smile.com/quotes/thomas-dilorenzo/ever-since-its-founding-in-1913-the-fed-has-described-itself-as-an/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [The purpose of government is for those who run it to plunder those who do not.](https://sms4smile.com/quotes/thomas-dilorenzo/the-purpose-of-government-is-for-those-who-run-it-to-plunder-those/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [Friedrich Hayek made the point that one of the keystones of socialism is the denial of individual responsibility. Thus, the crusade for socialism always…](https://sms4smile.com/quotes/thomas-dilorenzo/friedrich-hayek-made-the-point-that-one-of-the-keystones-of-socialism/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [America's universities are filled with economically ignorant haters of the free market, so university campuses have become major forums for union denunciations of such…](https://sms4smile.com/quotes/thomas-dilorenzo/america-s-universities-are-filled-with-economically-ignorant-haters/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [Peaceful secession and nullification are the only means of returning to a system of government that respects rather than destroys individual liberty.](https://sms4smile.com/quotes/thomas-dilorenzo/peaceful-secession-and-nullification-are-the-only-means-of-returning/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [I agree with Clyde Wilson that America can’t be saved or returned to its roots until the Republican Party is destroyed.](https://sms4smile.com/quotes/thomas-dilorenzo/i-agree-with-clyde-wilson-that-america-can-t-be-saved-or-returned-to/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [Isn't the whole idea behind the massive regulation and regimentation of American industry and society the notion that individuals should be forced to behave…](https://sms4smile.com/quotes/thomas-dilorenzo/isn-t-the-whole-idea-behind-the-massive-regulation-and-regimentation/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [The biggest roadblock to middle-class economic advancement is that governments confiscate more than a third of all family income. Each year the average American…](https://sms4smile.com/quotes/thomas-dilorenzo/the-biggest-roadblock-to-middle-class-economic-advancement-is-that/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [It is no coincidence that some of America's most lethargic industries-steel, footwear, rubber, textiles-are also among the most heavily protected.](https://sms4smile.com/quotes/thomas-dilorenzo/it-is-no-coincidence-that-some-of-america-s-most-lethargic-industries/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [The founders understood that democracy would inevitably evolve into a system of legalized plunder unless the plundered were given numerous escape routes and constitutional…](https://sms4smile.com/quotes/thomas-dilorenzo/the-founders-understood-that-democracy-would-inevitably-evolve-into-a/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) [Explore all 11 Thomas DiLorenzo quotes ](https://sms4smile.com/quotes/author/thomas-dilorenzo/) ## More Aristocracy quotes > [When I was trying to come up with a stage name, I thought 'Lord' was super rad, but really masculine - ever since I…](https://sms4smile.com/quotes/lorde/when-i-was-trying-to-come-up-with-a-stage-name-i-thought-lord-was/) [Lorde](https://sms4smile.com/quotes/author/lorde/) > [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/) > [Motherland is our property and we have right to handle our properties as pleased. The jokes about death for the sake of the motherland…](https://sms4smile.com/quotes/ilkin-santak/motherland-is-our-property-and-we-have-right-to-handle-our-properties/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [There is... an artificial aristocracy founded on wealth and birth, without either virtue or talents... The artificial aristocracy is a mischievous ingredient in government,…](https://sms4smile.com/quotes/thomas-jefferson/there-is-an-artificial-aristocracy-founded-on-wealth-and-birth/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Your best friends are your principles, if you havent them, dont look for another friend.](https://sms4smile.com/quotes/ilkin-santak/your-best-friends-are-your-principles-if-you-havent-them-dont-look/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [A strong saying is not afraid of criticism, because it includes all the answers to criticism.](https://sms4smile.com/quotes/ilkin-santak/a-strong-saying-is-not-afraid-of-criticism-because-it-includes-all/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [“I believe in aristocracy, though -- if that is the right word, and if a democrat may use it. Not an aristocracy of power,…](https://sms4smile.com/quotes/e-m-forster-2/i-believe-in-aristocracy-though-if-that-is-the-right-word-and-if-a/) [E.M. Forster](https://sms4smile.com/quotes/author/e-m-forster-2/) > [24.9 percent of American children live in poverty, while the proportions in Germany, France and Italy are 8.6, 7.4 and 10.5 percent. And once…](https://sms4smile.com/quotes/will-hutton/24-9-percent-of-american-children-live-in-poverty-while-the/) [Will Hutton](https://sms4smile.com/quotes/author/will-hutton/) > [Tomorrow every Duchess in London will be waiting to kiss me.](https://sms4smile.com/quotes/ramsay-macdonald/tomorrow-every-duchess-in-london-will-be-waiting-to-kiss-me/) [Ramsay MacDonald](https://sms4smile.com/quotes/author/ramsay-macdonald/) > [“Why do these big old country houses always have family portraits in the dining room? Do you really want to eat with someone's gloomy…](https://sms4smile.com/quotes/elizabeth-jane-howard/why-do-these-big-old-country-houses-always-have-family-portraits-in/) [Elizabeth Jane Howard](https://sms4smile.com/quotes/author/elizabeth-jane-howard/) > [“I believe in aristocracy, though—if that is the right word, and if a democrat may use it. Not an aristocracy of power … but…](https://sms4smile.com/quotes/elaine-n-aron/i-believe-in-aristocracy-though-if-that-is-the-right-word-and-if-a-2/) [Elaine N. Aron](https://sms4smile.com/quotes/author/elaine-n-aron/) > [Books are the treasured wealth of the world and the fit inheritance of generations and nations. Books, the oldest and the best, stand naturally…](https://sms4smile.com/quotes/henry-david-thoreau/books-are-the-treasured-wealth-of-the-world-and-the-fit-inheritance/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [We stand a better chance with aristocracy, whether hereditary or elective, than with monarchy.](https://sms4smile.com/quotes/ezra-stiles/we-stand-a-better-chance-with-aristocracy-whether-hereditary-or/) [Ezra Stiles](https://sms4smile.com/quotes/author/ezra-stiles/) > [ The law for religious freedom... \[has\]put down the aristocracy of the clergy and restored to the citizen the freedom of the mind. ](https://sms4smile.com/quotes/thomas-jefferson/the-law-for-religious-freedom-has-put-down-the-aristocracy-of-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Common sense, in so far as it exists, is all for the bourgeoisie. Nonsense is the privilege of the aristocracy. The worries of the…](https://sms4smile.com/quotes/george-jean-nathan/common-sense-in-so-far-as-it-exists-is-all-for-the-bourgeoisie/) [George Jean Nathan](https://sms4smile.com/quotes/author/george-jean-nathan/) [Browse all 426 Aristocracy quotes ](https://sms4smile.com/quotes/about/aristocracy/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods… Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas artisans had previously produced their goods and wares mostly for the aristocracy. Under capitalism every business wants to cater to the masses, for that is where the money is.", "creator": { "@type": "Person", "name": "Thomas DiLorenzo" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/thomas-dilorenzo/capitalism-improves-the-quality-of-life-for-the-working-class-not/", "about": { "@type": "Thing", "name": "Aristocracy" }, "@id": "https://sms4smile.com/quotes/thomas-dilorenzo/capitalism-improves-the-quality-of-life-for-the-working-class-not/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg", "url": "https://sms4smile.com/quotes/i/ad6/thomas-dilorenzo-40243_aristocracy_capitalism-improves-the-quality-of-life_3173296.jpg", "width": 1080, "height": 1080, "caption": "“Capitalism improves the quality of life for the working class not just because it leads to improved wages…” — Thomas DiLorenzo", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Thomas DiLorenzo", "item": "https://sms4smile.com/quotes/author/thomas-dilorenzo/" }, { "@type": "ListItem", "position": 4, "name": "Capitalism improves the quality of life...", "item": "https://sms4smile.com/quotes/thomas-dilorenzo/capitalism-improves-the-quality-of-life-for-the-working-class-not/" } ], "@id": "https://sms4smile.com/quotes/thomas-dilorenzo/capitalism-improves-the-quality-of-life-for-the-working-class-not/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```