Economic Progress, In Capitalist Society, Means Turmoil.

The Stock Exchange Is A Poor Substitute For The Holy Grail.

For The Duration Of Its Collective Life, Or The Time During Which Its Identity May Be Assumed, Each Class Resembles A Hotel Or An Omnibus, Always Full, But Always Of Different People.

The Intellectual And Social Climate Needed To Allow Entrepreneurship To Thrive Will Not Exist In Advanced Capitalism.

The Banker, Therefore, Is Not So Much Primarily A Middleman In The Commodity "purchasing Power" As A Producer Of This Commodity. However, Since All Reserve Funds And Savings Today Usually Flow To Him, And The Total Demand For Free Purchasing Power, Whether Existing Or To Be Created, Concentrates On Him, He Has Either Replaced Private Capitalists Or Become Their Agent; He Has Himself Become The Capitalist Par Excellence.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.