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Capitalist enterprises buy components from others who have lower costs in producing those particular components, and sell their own output to whatever middlemen can most efficiently carry out its distribution.

— Thomas Sowell

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Capitalism

More quotes by Thomas Sowell

Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.

Knowledge and Decisions (1980)

If there is one thing that is bipartisan in Washington, it is brazen hypocrisy.

Ideas are everywhere, but knowledge is rare.

Knowledge and Decisions (1980)

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.

Racism has never done this country any good, and it needs to be fought against, not put under new management for different groups.

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I have no doubt that the revolution will triumph. The people of the world will prevail, seize power, seize the means of production, wipe out racism, capitalism.

Huey P. Newton Revolutionary Suicide (1973)

The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and thereby harm consumers.

Dennis Mueller The Oxford Handbook of Capitalism (2012)

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.

Winston Churchill

Capitalism has neither the capacity, nor the moral, nor the ethics, nor the will to solve the problems of poverty.

Fidel Castro

Attribution

Quote text and notes from Wikiquote: Thomas Sowell (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.