Al Capone: Ruling Class Capitalism

Posted by admin on Friday, October 19, 2018

Al Capone Money Quote saying that being a capitalist is the legitimate racket of those in power – with laws to back it up. Al Capone said:
 

 

“Capitalism is the legitimate racket of the ruling class” — Al Capone

 

 

In this quote, Al Capone seems to be making a cynical critique of capitalism and how it functions in practice. Some key points:

• He refers to capitalism as a “racket” – meaning a dishonest scam or scheme used to make money in an unscrupulous way.
• Capone specifies it is the “legitimate racket of the ruling class” – implying the system is structured to legally enrich and concentrate power among society’s most privileged elites.
• He appears to believe capitalism is essentially a way for those in positions of wealth and influence to rig economic and political rules further in their favor and at the expense of others’ prosperity.

Overall, Capone portrays capitalism as a mechanism for the already powerful and affluent to entrench their dominance and accumulate ever greater riches through legal but unfair advantages inherent in the system. For Capone, it was more a means for the ruling elite to exploit their positions than a fair, meritocratic framework. His perspective reflects deep skepticism of how capitalism functions in practice beyond its theoretical ideals.

Birthday: January 17, 1899 – Died: January 25, 1947
 

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