Suggestion Of The Communist Manifesto Was 'abolition

The Truth Is That Capitalism Has Not Only Multiplied Population Figures, But At The Same Time, Improved The People's Standard Of Living In An Unprecedented Way. Neither Economic Thinking Nor Historical Experience Suggests That Any Other Social System Could Be As Beneficial To The Masses As Capitalism. The Results Speak For Themselves. The Market Economy Needs No Apologists And Propagandists. It Can Apply To Itself The Words Of Sir Christopher Wren's Epitaph In St. Paul's: Si Monumentum Requires, Circumspice.

Experience Shows That Nothing Is Operated With Less Economy And With More Waste Of Labor And Material Of Every Kind Than Public Services And Undertakings. Private Enterprise On The Other Hand Naturally Induces The Owner To Work With The Greatest Economy In His Own Interest.

If The Practice Persists Of Covering Government Deficits With The Issue Of Notes, Then The Day Will Come Without Fail, Sooner Or Later, When The Monetary Systems Of Those Nations Pursuing This Course Will Break Down Completely. The Purchasing Power Of The Monetary Unit Will Decline More And More, Until Finally It Disappears Completely.

An Entrepreneur Cannot Be Trained. A Man Becomes And Entrepreneur By Seizing An Opportunity And Filling The Gap. No Special Education Is Required For Such A Display Of Keen Judgment, Foresight, And Energy.

The Idea Of Socialism Is At Once Grandiose And Simple. . .we May Say, In Fact, That It Is One Of The Most Ambitious Creations Of The Human Spirit, . . .so Magnificent, So Daring, That It Has Rightly Aroused The Greatest Admiration. If We Wish To Save The World From Barbarism We Have To Refute Socialism, But We Cannot Thrust It Carelessly Aside.