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Although capitalism is, in principle, strongly individualistic, it has contributed in practice to reinforce the trend to integration, because it has made our lives more and more interdependent. Moreover, the economic well-being unprecedented in modern economies that have produced meant that they could be accepted social obligations that previously no one could 'afford'. (Ch. 2.7, p. 53)

 

Amartya Sen

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It comes down to this. There are certain forms of conduct which at any given place and epoch are commonly accepted under the combined influence of reason, practice and tradition, as moral or immoral. ... Law accepts as the pattern of its justice the morality of the community whose conduct it assumes to regulate. In saying this, we are not to blind ourselves to the truth that uncertainty is far from banished. Morality is not merely different in different communities. Its level is not the same for all the component groups within the same community. A choice must still be made between one group standard and another. We have still to face the problem, at which one of these levels does the social pressure become strong enough to convert the moral norm into a jural one? All that we can say is that the line will be higher than the lowest level of moral principle and practice, and lower than the highest. The law will not hold the crowd to the morality of saints and seers. It will follow, or strive to follow, the principle and practice of the men and women of the community whom the social mind would rank as intelligent and virtuous.

 

Benjamin N. Cardozo

 

One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.

 

Jim Stanford

 

What is actually happening now is that monoploy capitalism needs the state to disempower ordinary people's institutions and lives. What we are actually developing in modern Europe is a post-democratic society. We are creating an oligarchical elite structure where moneyed elites, the elites of industry cohabit with political elites and they move into each other's regimes and spaces. So we have now produced what I would call a market state, and the market state really just exists for the benefit of those in the top. And there is clear economic and social evidence for this, it is very clear that only those at the very top of society in the developed world have really benefited from the last thirty years.

 

Phillip Blond

 

Industrial progress, mechanical improvement, all of the great wonders of the modern era have meant little to the wealthy. The rich in ancient Greece would have benefited hardly at all from modern plumbing — running servants replaced running water. Television and radio — the patricians of Rome could enjoy the leading musicians and actors in their home, could have the leading artists as domestic retainers. Ready-to-wear clothing, supermarkets — all these and many other modern developments would have added little to their life. They would have welcomed the improvements in transportation and in medicine, but for the rest, the great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful.

 

Milton Friedman

 

Because of his social position there are left no limits to the power lust of the modern capitalist. He can interfere with inconsiderate egoism in the lives of his fellowmen and play the part of Providence for others. Only when we take into consideration this passionate urge for political power over their own people as well as over foreign nations are we able really to understand the character of the typical representatives of modern capitalism. It is just this trait which makes them so dangerous to the social structure of the future.

 

Rudolf Rocker