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Michal Kalecki Quotes

The workers spend what they get, and capitalists get what they spend.

The workers spend what they get, and capitalists get what they spend.

Michal Kalecki
Workers, Capitalist

It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.

Michal Kalecki
Socialist Economy, Advantage, Characteristics
Michal Kalecki (1971). “Selected Essays on the Dynamics of the Capitalist Economy 1933-1970”, p.97, CUP Archive

The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.

Michal Kalecki
Country, May, Able
Michal Kalecki (1971). “Selected Essays on the Dynamics of the Capitalist Economy 1933-1970”, p.85, CUP Archive

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