The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies. (Michal Kalecki)

The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.

Michal Kalecki

Related topics

able colonial country expense export foreign increase metropolis profits

Related quotes

As individuals and as a nation, we now suffer from social narcissism. The beloved Echo of our ancestors, the virgin America, has been abandoned. We have fallen in love with our own image, with images of our making, which turn out to be images of ourselves.

Daniel J. Boorstin

The problem of meaning today is the problem of how the diverse and superficially self-contradictory experiences of men can be put into a consistent picture that will provide contemporary man with a convincing basis from which to live and to act.

Carroll Quigley

Let a man find himself, in distinction from others, on top of two wheels with a chain - at least in a poor country like Russia - and his vanity begins to swell out like his tires. In America it takes an automobile to produce this effect.

Leon Trotsky

Temptations come on some people for the cleansing of previous sins, on other for the beautification of their current perfection, and on yet others, as preparation for things to come, except temptations, which are for the increase of a man's faith and virtue, as it was with Job.

Maximus the Confessor

Guard your mind from self-praise and flee a high opinion of yourself, so that God does not allow you to fall into the opposite passion to the virtue for which you boast, for man does not accomplish virtue alone, but with the help of God who sees all.

Marcus Eremita