The Capitalist System Of Production Is An

If, As Is Generally The Case, The Heirs Are Not Equal To The Demands Which Life Makes On An Entrepreneur, The Inherited Wealth Rapidly Vanishes.

A Society That Chooses Between Capitalism And Socialism Does Not Choose Between Two Social Systems; It Chooses Between Social Cooperation And The Disintegration Of Society. Socialism Is Not An Alternative To Capitalism; It Is An Alternative To Any System Under Which Men Can Live As Human Beings.

Capitalism Has Improved The Standard Of Living Of The Wage Earners To An Unprecedented Extent. The Average American Family Enjoys Today Amenities Of Which, Only A Hundred Years Ago, Not Even The Richest Nabobs Dreamed.

To Assign To Everybody His Proper Place In Society Is The Task Of The Consumers. Their Buying And Abstention From Buying Is Instrumental In Determining Each Individual's Social Position.

What Makes The Existence And The Evolution Of Society Possible Is Precisely The Fact That Peaceful Cooperation Under The Social Division Of Labor In The Long Run Best Serves The Selfish Concerns Of All Individuals. The Eminence Of The Market Society Is That Its Whole Functioning And Operation Is The Consummation Of This Principle.