Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.

The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.

The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.

Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.

The history of mankind is the history of ideas.

While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.

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