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In a frontier society, when a man moved farther west as soon as he could hear the bark of his neighbor's dog, there was some validity to the view "let every man paddle his own canoe." But today, in our vast interdependent society, the waters are too crowded to make unadulterated "rugged individualism" tolerable. The emphasis is increasingly on ...
Now the remarkable fact is not how much the government does to control economic activity-tariff legislation, pure-food laws, utility and railroad regulations, minimum-wage regulations, fair-labor-practive acts, social security, price ceilings and floors, public works, national defense, national and local taxation, police protection and judicial redress, zoning ordinances, municipal water or ...
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
CNN Opinion’s Bethany Cianciolo spoke with Ruchir Sharma about how capitalism has become increasingly distorted, and why true capitalism is still the best economic system. Opinion: Why we can ...
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Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
Though the terms "capitalism" and "socialism" are still generally used to describe the past and the future forms of society, they conceal rather than elucidate the nature of the transition through which we are passing.
No young man ever lived who had not a chance, and a splendid chance, too, if he ever was employed at all. He is assayed in the mind of his immediate superior, from the day he begins work, and, after a time, if he has merit, he is assayed in the council chamber of the firm .