In practice, socialism didn't work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.
In this era of uncertainty and conflict, the United States - blessed with the world's strongest military, most ingenious economy, and most tolerant society - remains a model and leader to the world.
But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.
A society in which vocation and job are separated for most people gradually creates an economy that is often devoid of spirit, one that frequently fills our pocketbooks at the cost of emptying our souls.
The way the world is going, it's technology driven. And it isn't just driven by the old super powers, it's driven by the far east and new emerging economies.
New Orleans is a place where people are deliberately undereducated so that they can be a labour class - the economy there is tourism, and one of the only outlets that black males have traditionally been allowed is to play jazz music, y'know?
I find it disturbing that men who are products of highly developed economies come to a developing nation solely to exploit their women and their children.
The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.
When you cover the economy as a reporter, there's one part of the job that is always easy: finding economists who disagree.
We expect that in the next years, the economy will improve. And we expect that extreme poverty will drop from 22 percent to 11 percent by the year 2000.
The interests of the Soviet Union are in controlling highly developed countries and having the benefit of their economies so that they can run their own inefficient empire.
Just to keep up with population growth, on average our economy needs to be adding about 125,000 jobs per month.
If you've got unemployment, low pay, that was just too bad. But that was the system. That was the sort of economy and philosophy against which I was fighting in the 1930s.
To balance China, the democracies will need new friends - and India with its fast-growing economy, youthful population, and democratic politics seems the obvious candidate.
The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.
We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy.
A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
I never have known a man of ordinary common-sense who did not urge upon his sons, from earliest childhood, doctrines of economy and the practice of accumulation.
The regard one shows economy, is like that we show an old aunt who is to leave us something at last.
We have to help young people, because at the end of the day, we won't have an economy if we don't have them.
