I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.

The fundamental evil of the capitalist system is not the extravagance of the possessing classes, however disgusting that may be in itself, but the fact that in order to guarantee its right to extravagance the bourgeoisie maintains its private ownership of the means of production, thus condemning the economic system to anarchy and decay.

This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.

The only problem with capitalism is the capitalists.

In modern capitalism economic exploitation rather than political oppression is the real enemy of the people.

The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.

the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

George Bernard Shaw once said: “Capitalism has destroyed our
belief in any effective power but that of self interest backed by force.”
When liberals make the argument that capitalism is the cause of all
of our problems, they are either speaking out of abject ignorance
or being totally disingenuous to protect their own political interests.
We have not had true free-market capitalism in this country on any
wide scale. Where we have had economic successes in this nation’s
history, it has been those times when people have done something
outside of the government’s involvement. Every single time the federal
government has been involved, it has created chaos, waste, and
corruption. The historical record is overwhelmingly one of gross
incompetence.

I’ve been arguing that the capitalist system as we know it is harmful without a new sector — the social business sector — that is dedicated to solving the problems we are piling up around us. It is driven by a largely overlooked factor in human behavior: the drive to solve human problems unselfishly for the simple joy and pride that it brings.

The solution — the only possible one — consists in the producer receiving the full value of his product, or its equivalent. This involves the termination of capitalist production for profit, and the organization of cooperative social production for use.

If a society, a city, or a territory, were to guarantee the necessaries of life to its inhabitants (and we shall see how the conception of the necessaries of life can be so extended as to include luxuries), it would be compelled to take possession of what is absolutely needed for production; that is to say — land, machinery, factories, means of transport, etc. Capital in the hands of private owners would be expropriated and returned to the community. The great harm done by bourgeois society, as we have already mentioned, is not only that capitalists seize a large share of the profits of each industrial and commercial enterprise, thus enabling them to live without working, but that all production has taken a wrong direction, as it is not carried on with a view to securing well-being to all. For this reason we condemn it. Moreover, it is impossible to carry on mercantile production in everybody’s interest. To wish it would be to expect the capitalist to go beyond his province and to fulfill duties that he cannot fulfill without ceasing to be what he is — a private manufacturer seeking his own enrichment. Capitalist organization, based on the personal interest of each individual trader, has given all that could be expected of it to society — it has increased the productive force of work. The capitalist, profiting by the revolution effected in industry by steam, by the sudden development of chemistry and machinery, and by other inventions of our century, has endeavoured in his own interest to increase the yield of work, and in a great measure he has succeeded. But to attribute other duties to him would be unreasonable. For example, to expect that he should use this superior yield of work in the interest of society as a whole, would be to ask philanthropy and charity of him, and a capitalist enterprise cannot be based on charity.

From the daily battles against the employers and their allies, the workers gradually learn the deeper meaning of this struggle. At first they pursue only the immediate purpose of improving the status of the producers within the existing social order, but gradually they lay bare the root of the evil — monopoly economy and its political and social accompaniments. For the attainment of such an understanding the everyday struggles are better educative material than the finest theoretical discussions. Nothing can so impress the mind and soul of the worker as this enduring battle for daily bread, nothing makes him so receptive to the teachings of Socialism as the incessant struggle for the necessities of life.

Social Democracy, <i>does not, however, expect to attain its aim either as a result of the victorious violence of a minority or through the numerical superiority of a majority. It sees socialism come as a result of economic necessity - and the comprehension of that necessity - leading to the suppression of capitalism by the working masses.</i> And this necessity manifests itself above all in the anarchy of capitalism.