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About this quote

What does it mean?
Capitalism is attacked for being cynical, not inefficient; private vices cannot justify public benefits.
In plain terms
Capitalism fails morally because it relies on selfishness, not because it lacks logic or efficiency.
What can you take from it?
Ensure economic systems have a moral foundation, not just efficiency.

Where it applies

  • economic debate
  • corporate governance

Putting it to work

  • align profit with purpose
  • audit moral claims

Questions to consider

  • Can capitalism survive without moral justification?
  • What defines a 'cynical' system?

Another view

Efficiency often drives policy even when morality is lacking.

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