I would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.

Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.

Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

Technology, under all circumstances, leads to planning; in its higher manifestations it may put the problems of planning beyond the reach of the industrial firm. Technological compulsions, and not ideology or political will, will require the firm to seek the help and protection of the state.

No hungry man who is also sober can be persuaded to use his last dollar for anything but food.