How Capitalism Saved America Quotes

“in reality, after the fall of communism in the late 1980s the world learned of some of the worst environmental disasters imaginable—rivers so polluted that they caught on fire; forests turned into deserts; soil so polluted with chemical fertilizers that nothing would grow; floating islands of untreated sewage a mile long and three miles wide in the Soviet Union’s Lake Baikal; dangerously polluted air; sinkholes the size of football stadiums caused by overmining in coal regions; and worse. Under communism, these resources belonged to the state; in other words, they belonged to no one, which is why they were exploited so ruthlessly.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“One way of minimizing costs is to figure out how to manufacture a product with the least possible resources. In the telecommunications industry, for example, the developed countries of the world have gone from using relatively expensive copper wire, to extremely inexpensive sand (silicon chips), to even less expensive satellite signals. Enormous natural resources (copper) have been conserved not because of environmental sensitivity but because of profit seeking in a competitive, capitalist economy. Thousands of similar examples could be cited, though environmentalists ignore these.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“Except for spending to protect property rights, enforce the law, and protect citizens from foreign aggressors, all government spending crowds out private spending and weakens the vitality of capitalism.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“We who live in capitalist countries tend to take all of this—property rights, free-market pricing, entrepreneurship—for granted, but every socialist country that has ever existed in the world has taken away these key ingredients of capitalism and has consequently created an economic catastrophe.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“When it comes down to it, what are being traded in a capitalist economy are property rights—the ownership rights in goods and services.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“Private property and capitalism also provide strong incentives to preserve resources for the future, whereas political resource allocation under democracy tends toward immediate gratification.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

“Modern governments actually spend relatively little on programs and systems that benefit all citizens, such as national defense or the judicial system; mainly they are concerned with infringing on the property rights of one (less politically powerful) group of citizens for the benefit of another (more politically powerful) group.”
― Thomas J. DiLorenzo, How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present