I’ve never been antiregulation. I’ve always believed that raw, unregulated capitalism doesn’t work.
Capitalism Quotes
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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free enterprises and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
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We, the Social Democrats, are convinced that capitalism needs to be tamed a second time. The first time we achieved that in Germany for many decades with the social market economy. That is no longer enough. Now we need to do it in Europe and even globally.
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Obama’s capitalism is a capitalism of connections.
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