Walter Lippmann on the Weaknesses of Socialism and Capitalism

„Corrupt, stupid grasping functionaries will make at least as big a muddle of socialism as stupid, selfish and acquisitive employers can make of capitalism.“

Walter LippmannWalter Lippmann analyzes how corruption and greed can cause both socialism and capitalism to fail.
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Walter Lippmann was an American journalist and political commentator, known for his work on public opinion and political communication.

A critical view of the weaknesses of socialism and capitalism by Walter Lippmann.


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Walter Lippmann quote about the weaknesses of socialism and capitalism

Walter Lippmann (1889–1974) was a prominent American journalist, media critic, and political commentator. He coined significant concepts in media and communication studies, particularly regarding the role of mass media in democracy. His book "Public Opinion" (1922) remains a classic in media criticism and political philosophy.

Hans-Peter Dürr quote about socialism and centralizationCopyright © yoice.net – Quote Artwork
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"We have drawn the completely wrong lesson from the collapse of the Eastern European states if we think it had anything to do with socialism. It has to do with centralization. If we in the West move toward the same kind of centralization—and we are well on our way to doing so—we will end up with the same excesses, the same ills, the same demotivation, and the same deprivation of people’s rights." Hans-Peter Dürr
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Quote by Ludwig von Mises on socialism, bureaucracy, freedom, and government powerCopyright © yoice.net – Quote Artwork
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"The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau." Ludwig von Mises
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Capitalism quote by Roland Baader about the impact of statism and socialism on free marketsCopyright © yoice.net – Quote Artwork
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"To call the miserable remnants of the free market and free society, which the statism of the modern welfare dictatorship and the creeping socialism of the welfare state have left behind as a kind of market-economic carcass, "capitalism" and to attribute everything that killed it as its own excesses can only appear as an intellectual capacity in a country whose intellectual soil is poisoned by centuries of practiced state mysticism." Roland Baader
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Quote by Thomas Sowell about socialism and its failureCopyright © yoice.net – Quote Artwork
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"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it. Even countries that were once more prosperous than their neighbors have found themselves much poorer than their neighbors after just one generation of socialistic policies." Thomas Sowell
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