The Oxford Handbook of Capitalism Quotes

“Severe inequality undermines political stability, and political stability is foundational for financial market development.”

“The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and thereby harm consumers.”

“Advertising is an important characteristic of modern capitalism and a contributory factor in the establishment and maintenance of monopoly positions.”

“[...] limits on shareholder democracy correlate with both unusually good and unusually poor corporate performance [...], suggesting that democracy limits both extremes.”

“These efforts to induce dissent in corporate boardrooms are likely to be unpopular with some CEOs, just as discussants and referees were initially controversial in academia. But opposition politicians, counterargument in courts, and referees do seem to deliver better decisions, and so might corporate boardrooms subjected to more shareholder democracy and accountability.”