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‘Today, capitalism has out-lived its usefulness’: Martin Luther King
MARTIN LUTHER KING spoke with vision against capitalism, and about the kind of changes needed to replace it: the following quotes reflect some of King’s key thoughts on the subject as US citizens mark Martin Luther King Day
Voters have delivered a stay of execution for Labour and exposed limits to Reform’s advance. But will Burnham offer a political alternative rather than just a different face at the top, asks ANDREW MURRAY
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“I IMAGINE you already know that I am much more socialistic in my economic theory than capitalistic… [Capitalism] started out with a noble and high motive… but like most human systems it fell victim to the very thing it was revolting against. So today, capitalism has out-lived its usefulness.” – Letter to Coretta Scott, July 18, 1952.
“In a sense, you could say we’re involved in the class struggle.” – Quote to New York Times reporter, Jose Igelsias, 1968.
“And one day we must ask the question, ‘Why are there 40 million poor people in America?’ And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. And I’m simply saying that more and more, we’ve got to begin to ask questions about the whole society…” – Speech to Southern Christian Leadership Conference Atlanta, Georgia, August 16, 1967.
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