Term Capitalism

Famous quotes containing the words term and/or capitalism:

“Art, if one employs this term in the broad sense that includes poetry within its realm, is an art of creation laden with ideals, located at the very core of the life of a people, defining the spiritual and moral shape of that life.”
—Ivan Sergeevich Turgenev (1818–1883)

“History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.”
—Milton Friedman (b. 1912)