-Caveat Lector-
Which famous political personage said the following?
Hint - It's not Marx. It's not a Liberal.
" Without a unifying principle, however, a capitalist society easily can
fall prey to certain inherent weaknesses. One of these weaknesses is the
instability which leads the rich to become richer and the poor to become
poorer, not solely because of differences in ability but because the
possession of capital gives the possessor an enormous advantage in the
competition for more capital. When personal gain is the only motivation in
a society, those who already are rich can arrange things to favor
themselves: they can buy the legislation they want, and they can block
threats to their power in ways which may be destructive to the welfare of
the society as a whole. They can hold down the price of labor, limit
healthy competition within the society, and exploit the environment
without regard for the long-range consequences.
The overly rigid social stratification resulting from unrestricted
capitalism can lead to endemic class hostility and even to class warfare.
It can slow racial progress by making the ability to acquire and hold
capital the supreme survival trait.
We need an economic system which, in contrast to Marxism, allows
individuals to succeed in proportion to their capability and energy, but
which, in contrast to capitalism, does not allow them to enga8e in
socially' or racially harmful activity,........"
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