The market system makes all producers responsible to the consumer.

The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.

The idea of Socialism is at once grandiose and simple. . .We may say, in fact, that it is one of the most ambitious creations of the human spirit, . . .so magnificent, so daring, that it has rightly aroused the greatest admiration. If we wish to save the world from barbarism we have to refute Socialism, but we cannot thrust it carelessly aside.

Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.