Capitalism Quote by Timothy Snyder
““The ideal capitalism envisioned by advocates of the free market depends upon social virtues and wise policies that it does not itself generate.””
About This Quote
Source Book: On Tyranny, 2017
Free‑market capitalism relies on moral behavior and good governance, which it cannot create itself.
In simple terms: Capitalism needs virtue and policy.
Key Takeaway
Promote ethical standards and smart regulation.
Themes
capitalism
ethics
policy
Mood
analytical
concerned
Type
economic
political
When to use this quote
- business strategy
- government
- community building
Key Concepts
economics
political theory
social contract
Questions to Reflect On
- What virtues are missing in markets?
- How can policy foster those virtues?
A Different Perspective
Market forces alone cannot ensure fairness.
![“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)
