The inequality of income and fortunes is essential in capitalism.

The word "Capitalism" expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas.

We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.

Despots and democratic majorities are drunk with power.

The worst evils which mankind has ever had to endure were inflicted by bad governments.

The Santa Claus principle liquidates itself.

The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.