The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.

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

The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.

The state is essentially an apparatus of compulsion and coercion. The characteristic feature of its activities is to compel people through the application or the threat of force to behave otherwise than they would like to behave.

Socialist society is a society of officials.

The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.