The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.

The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.

The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.

Spontaneous actions of individuals, aiming at nothing else than at the improvement of their own state of satisfaction, undermined the prestige of the coercive status system step by step.

The worst law is better than bureaucratic tyranny.

Taxing profits is tantamount to taxing success.

People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.