Under capitalism each individual engages in economic planning.

Under capitalism each individual engages in economic planning.

Whoever claims that economic competition represents survival of the fittest in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

The average American of today is intellectually so far removed from his forbears that instead of regarding government with apprehension, he is more likely to regard it as a virtual parent, concerned only with protecting and helping him

The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.

Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.

The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.