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The prevailing theory of capitalism suffers from one central and disabling flaw, a profound distrust and incomprehension of capitalism.

George Gilder

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George Gilder
Age: 84
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Central
Capitalism
Disabling
Profound
Incomprehension
Theory
Flaw
Suffering
Prevailing
Suffers
Distrust
Flaws

More quotes by George Gilder

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The United States is probably the most [socially] mobile society in the history of the world. The virtues that are most valuable in it are diligence, discipline, ambition, and a willingness to take risks. Education and credentials are most important in government elsewhere most skills are learned on the job.
George Gilder
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In embracing change, entrepreneurs ensure social and economic stability.
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The envy of excellence leads to perdition the love of it leads to the light.
George Gilder
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Entrepreneurship is the launching of surprises.
George Gilder
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A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that cannot create jobs themselves, but can stand in the way of job creation.
George Gilder
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But if the 1 percent and the 0.1 percent are respected and allowed to risk their wealth - and new rebels are allowed to rise up and challenge them - America will continue to be the land where the last regularly become the first by serving others.
George Gilder
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All small returns are noise. To transcend the noise and the risk, seek outsized returns from technological paradigms.
George Gilder
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Entropy is Janus-faced. Its upside surprises are redemptive and favorable to freedom. It is freedom of choice. But the carrier itself requires constant vigilance against entropic noise. Order is not spontaneous, but it is a necessary condition for all the surprises of freedom and opportunity.
George Gilder
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At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world. Because knowledge is dispersed, power must be as well.
George Gilder
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In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.
George Gilder
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Capitalism begins with giving.
George Gilder
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A design isn't finished until somebody is using it. Brenda Laurel Intelligent design itself does not have any content.
George Gilder
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Unlike an inexorable, Newtonian great machine, the economy is not a closed system.
George Gilder
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Television is not vulgar because people are vulgar it is vulgar because people are similar in their prurient interests and sharply differentiated in their civilized concerns.
George Gilder
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The first priority of any serious program against poverty is to strengthen the male role in poor families.
George Gilder
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Intelligent design itself does not have any content.
George Gilder
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On every continent and in every epoch the peoples who have excelled in creating wealth have been the victims of some of society's greatest brutalities.
George Gilder
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Activity and creativity almost always flow to the least regulated arena.
George Gilder
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The welfare culture tells the man he is not a necessary part of the family he feels dispensable, his wife knows he is dispensable, his children sense it.
George Gilder
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Entrepreneurial knowledge has little to do with certified expertise, advanced degrees, or the learning of establishment schools. The fashionably educated and cultivated spurn the kind of fanatically focused learning commanded by the innovators. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard.
George Gilder