Modern technique, as Marx pointed out, fosters the concentration of capital, and the levels of profits is supported by a scarcity of enterprise which is not due to the real cost of risk-bearing, but to the scarcity of individuals who have anything to risk.
--
Chapter VII, The Orthodox Theory of Profit, p. 57-58Joan Robinson
» Joan Robinson - all quotes »
Not only has capitalism failed to bring us to the brink of a scarcity-free world, but in a sense, you could say that capitalism invented scarcity - at least as a deliberate method of economic organization.... The flipside of this bounty, this endless feast, is scarcity.
Linda McQuaig
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
John Maynard Keynes
To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure, but risks must be taken, because the greatest hazard in life is to risk nothing.
Leo Buscaglia
The ideal of having a real job that you risk your soul in and make good or be damned, belongs to the heroic age of capitalist enterprise, imbued with self-righteous beliefs about hard work, thrift, and public morals. Such an ideal might still have been mentioned in public fifty years ago; in our era of risk-insured semimonopolies and advertised vices it would be met with a ghastly stillness.
Paul Goodman
Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play.
Ed Seykota
Robinson, Joan
Robinson, Kim Stanley
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