Governments first of all have been able to amass, through the taxation process, large sums of capital which they have redistributed to persons or groups, already large holders of capital, through official subsidies.

The mode of reconciling the promise of ever-increasing reward for the cadres and the demands of the working classes for a quid pro quo for their loyalty to the state was to offer the latter a small piece of the pie.

Imagination is usually nothing but the search for middle run profits by those to whom short run channels are blocked. When.

The concept that one ought to restrict one’s political involvement to one’s own state was deeply antithetical to those who were pursuing the accumulation of capital for its own sake.

An individual or a group of individuals might of course decide at any time that they would like to invest capital with the objective of acquiring still more capital. But, before a certain moment in historical time, it had never been easy for such individuals to do this successfully.

A second variety concentrated on presumed major transformations of the capitalist system as of some recent point in time, in which the whole earlier point of time served as a mythologized foil against which to treat the empirical reality of the present.

It is this third consequence that has been elaborated in greatest detail and has formed one of the most significant pillars of historical capitalism, institutional racism.

We can tentatively credit capitalist civilization with a positive, if very geographically uneven, record in the struggle against disease.

The employment rates are in very bad shape. We vastly underestimate the unemployment.

Capitalism is first and foremost a historical social system.