[S]ocialism has never been a particularly stable or coherent program, a point I made in these pages in 2010. It has always been best defined as whatever socialists want it to be at any given moment. That is because its chief utility is as a romantic indictment of the capitalist status quo. As many of the defenders of the new socialist craze admit, socialism is the off-the-shelf alternative to capitalism, which has been in bad odor since at least the financial crisis of 2008.
Jonah GoldbergRelated topics
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We see Russia developing into a strongly centralized, highly nationalistic, intensely militarized state, subjecting policy and public welfare to national and military aims; and we see Benito Mussolini nationalizing more and more enterprises, restricting private initiative more and more, while the economic dictator of Germany becomes, not the capitalist representative, Dr. Schacht, but General Goering, who is a soldier and aviator and who believes that the chief business of Capitalism is to produce more cannons.
Dorothy Thompson
Aside from Yugoslavia, experiments with decentralization did not extend to planning innovation, the greatest weakness of the socialist economies. Even where markets were allowed to exert more influence over current production, the state was still responsible for planning the future. And state socialism provided only weak incentives for innovation. The Schumpeterian pressure that forced capitalist firms to innovate or die was not present in the planned economy.
Barry Eichengreen
10 per cent inflation is not heaven and the factors are all still there to push it up much further next year. Nor has the Government any policy adequate to deal with unemployment. It is not capitalism that is in crisis. It is Socialism that is in collapse. The faith has vanished. The principles are shattered. It won't do for Liberals merely to say they will put on the brakes. Even if you slow down the Gadarene swine, they will go over the precipice eventually.
Jo Grimond
The big banks are the "state apparatus" which we need to bring about socialism, and which we take ready-made from capitalism' our task here is merely to lop off what capitalistically mutilates this excellent apparatus, to make it even bigger, even more democratic, even more comprehensive. Quantity will be transformed into quality. A single State Bank, the biggest of the big, with branches in every rural district, in every factory, will constitute as much as nine-tenths of the socialist apparatus.
Vladimir Lenin
As for the explanation that fascism is a last desperate attempt of capitalism to delay the socialist revolution, it simply is not true. It is not true that ‘big business' promoted fascism. On the contrary, both in Italy and in Germany the proportion of fascist sympathizers and backers was smallest in the industrial and financial classes. It is equally untrue that ‘big business' profits from fascism; of all the classes it probably suffers most from totalitarian economics and Wehrwirtschaft.
Peter Drucker