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The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.

— Joseph Stiglitz

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Communism

More quotes by Joseph Stiglitz

Intellectual property does not really belong in a trade agreement.

Making globalization work (2006)

The reason that the invisible hand often seems invisible is that it is often not there.

In the long run, the most important changes required to make globalization work are reforms to reduce the democratic deficit.

Making globalization work (2006)

Competition is limited by the scale of the market, and as the scale of the market has changed, so has the effectiveness of competition.

Whither Socialism? (1994)

As I argued earlier, I view competition as far more important than privatization.

Whither Socialism? (1994)

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For the state to wither away completely, complete communism is necessary.

Vladimir Lenin The State and Revolution (1917)

I dislike Communism because it is undemocratic, and capitalism because it favors exploitation.

Bertrand Russell Unarmed Victory (1963)

Communism is the doctrine of the conditions of the liberation of the proletariat.

Friedrich Engels Principles of Communism (1847)

Communism has sometimes succeeded as a scavenger, but never as a leader. It has never come to power in a country that was not disrupted by war or corruption, or both.

John F. Kennedy

Attribution

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