The People Who Think That

The Fact Is That, Under A Capitalistic System, The Ultimate Bosses Are The Consumers. The Sovereign Is Not The State, It Is The People.

Many Pioneers Of These Industrial Changes, It Is True, Became Rich. But They Acquired Their Wealth By Supplying The Public With Motor Cars, Airplanes, Radio Sets, Refrigerators, Moving And Talking Pictures, And Variety Of Less Spectacular But No Less Useful Innovations. These New Products Were Certainly Not An Achievement Of Offices And Bureaucrats.

The Masses, In Their Capacity As Consumers, Ultimately Determine Everybody's Revenues And Wealth.

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.

No Matter How Efficient School Training May Be, It Would Only Produce Stagnation, Orthodoxy, And Rigid Pedantry If There Were No Uncommon Men Pushing Forward Beyond The Wisdom Of Their Tutors.