Quote by Camille Paglia
Capitalism has its weaknesses. But it is capitalism that ended the stranglehold of the hereditary aristocracies, raised the standard of living for most of the world and enabled the emancipation of women.
Summary
This quote emphasizes the positive aspects of capitalism, despite acknowledging its flaws. It suggests that capitalism has played a significant role in breaking the dominance of hereditary aristocracies and empowering individuals from all backgrounds. Furthermore, it highlights how capitalism has contributed to improving the overall living conditions for the majority of the global population. Additionally, the quote emphasizes capitalism's role in promoting the emancipation of women, signaling how economic systems can have social implications and drive progress in various aspects of society.