Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.

Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.

Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

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

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.