The Market Economy As Such

The Philosophy Of Protectionism Is A Philosophy Of War. The Wars Of Our Age Are Not At Variance With Popular Economic Doctrines; They Are, On The Contrary, The Inescapable Result Of A Consistent Application Of These Doctrines.

The Capitalist System Was Termed "capitalism" Not By A Friend Of The System, But By An Individual Who Considered It To Be The Worst Of All Historical Systems, The Greatest Evil That Had Ever Befallen Mankind. That Man Was Karl Marx.

In Capitalist Enterprise There Is No Secure Income And No Security Of Wealth.

The Policy Of Letting The Free Market Determine The Height Of Wage Rates Is The Only Reasonable And Successful Full-employment Policy.

Value Is Not Intrinsic, It Is Not In Things. It Is Within Us; It Is The Way In Which Man Reacts To The Conditions Of His Environment. Neither Is Value In Words And Doctrines, It Is Reflected In Human Conduct. It Is Not What A Man Or Groups Of Men Say About Value That Counts, But How They Act.