6.5. The Vanishing of the Critical Sense
The capitalist variety of competition is to outdo other people on the market through offering better and cheaper goods. The bureaucratic variety consists in intrigues at the "courts" of those in power.
The capitalist variety of competition is to outdo other people on the market through offering better and cheaper goods. The bureaucratic variety consists in intrigues at the "courts" of those in power.
The virtue of the profit system is that it puts on improvements a premium high enough to act as an incentive to take high risks.
The bureaucrat is not only a government employee. He is also his own employer.
The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs, but the captain is the consumer.
Government interference with American business and with citizens' affairs results in bureaucratic management, instead of profit management.
As soon as an undertaking is no longer operated under the profit motive, other principles must be adopted for the conduct of its affairs.
The State is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals.
Bureaucratization is only a particular feature of socialization. The main matter is: Capitalism or Socialism?
The alternative to the democratic principle of selection through popular election is the seizure of power by ruthless adventurers.
Common sense is needed to prevent man from falling prey to illusory fantasies and empty catchwords.