Quote by Mikhail Gorbachev

The market came with the dawn of civilization and it is not an invention of capitalism. If it leads to improving the well-being of the people there is no contradiction with socialism.

The market came with the dawn of civilization and it is not

Summary

This quote emphasizes that the concept of the market existed even before the emergence of capitalism. It asserts that the market is not inherently tied to any specific economic system, including capitalism. Rather, the key criterion for evaluating the market's compatibility with socialism is whether it results in the betterment of people's lives. In this perspective, if the market system contributes to improving societal well-being, it can coexist and align with the principles of socialism without contradiction.

Topics

Business

By Mikhail Gorbachev

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