The fundamental idea of modern capitalism is not the right of the individual to possess and enjoy what he has read more

The fundamental idea of modern capitalism is not the right of the individual to possess and enjoy what he has earned, but the ;thesis that the exercise of this right redounds to the general good.

Capitalism has destroyed our belief in any effective power but that of self interest backed by force.

Capitalism has destroyed our belief in any effective power but that of self interest backed by force.

Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in read more

Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.

Socialism: nothing more than the theory that the slave is always more virtuous than his master

Socialism: nothing more than the theory that the slave is always more virtuous than his master

Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his read more

Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have so much.'

One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that read more

One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it

In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.

In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the read more

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.