Soviet-style communism failed, not because it was intrinsically evil, but because it was flawed. It allowed too few people to usurp too much power. Twenty-first century market capitalism, American-style, will fail for the same reasons. Both are edifices constructed by human intelligence, undone by human nature.

Capitalism did not defeat communism because capitalism was more ethical, because individual liberties are sacred or because God was angry with the heathen communists. Rather, capitalism won the Cold War because distributed data processing works better than centralised data processing, at least in periods of accelerating technological change.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.

Socialism is a wonderful idea. It is only as a reality that it has been disastrous. Among people of every race, color, and creed, all around the world, socialism has led to hunger in countries that used to have surplus food to export.... Nevertheless, for many of those who deal primarily in ideas, socialism remains an attractive idea — in fact, seductive. Its every failure is explained away as due to the inadequacies of particular leaders.

The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.

Karl Marx got a bum rap. All he was trying to do was figure out how to take care of a whole lot of people. Of course, socialism is just “evil” now. It’s completely discredited, supposedly, by the collapse of the Soviet Union. I can’t help noticing that my grandchildren are heavily in hock to communist China now, which is evidently a whole lot better at business than we are. You talk about the collapse of communism or the Soviet Union. My goodness, this country collapsed in 1929. I mean it crashed, big time, and capitalism looked like a very poor idea.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

Truth is found neither in traditional capitalism nor in classical Communism. Each represents a partial truth. Capitalism fails to see the truth in collectivism. Communism fails to see the truth in individualism. Capitalism fails to realize that life is social. Communism fails to realize that life is personal. The good and just society is neither the thesis of capitalism nor the antithesis of Communism, but a socially conscious democracy which reconciles the truths of individualism and collectivism.

The East has failed because it tried meditation without love. The West has failed because it tried love without meditation. My whole effort is to give you a synthesis, the whole — which means meditation plus love.

No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect. Far from reversing the slow relative decline of Britain vis-à-vis its main industrial competitors, it accelerated it. We fell further behind them, until by 1979 we were widely dismissed as 'the sick man of Europe'...To cure the British disease with socialism was like trying to cure leukemia with leeches.

Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy.

Both fascism and communism were responses to globalization: to the real and perceived inequalities it created, and the apparent helplessness of the democracies in addressing them. Fascists rejected reason in the name of will, denying objective truth in favor of a glorious myth articulated by leaders who claimed to give voice to the people.

Liberalism itself has failed, and for a pretty good reason. It has been too often compromised by the people who represented it.

The real-world experiments of comparing socialist-communist countries and capitalist ones have been repeated on countless occasions, and the data could not be any clearer that socialist-communist societies produce poverty and misery and capitalist societies produce prosperity and happiness.