The Lessons of History

enfeebling

lowliest organism as well as for man.

Is a more objective definition possible? We shall here define progress as the increasing control of the environment by life.

the third condition would be a synthesis of capitalism and socialism; and to this reconciliation the Western world visibly moves. Year by year the role of Western governments in the economy rises, the share of the private sector declines. Capitalism retains the stimulus of private property, free enterprise, and competition, and produces a rich supp

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation.

Since practical ability differs from person to person, the majority of such abilities, in nearly all societies, is gathered in a minority of men. The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom pe

Does history warrant Renan’s conclusion that religion is necessary to morality—that a natural ethic is too weak to withstand the savagery that lurks under civilization and emerges in our dreams, crimes, and wars? Joseph de Maistre answered: “I do not know what the heart of a rascal may be; I know what is in the heart of an honest man; it is horribl

the other end of the scale history reports that “the men who can manage men manage the men who can manage only things, and the men who can manage money manage all.”

The experience of the past leaves little doubt that every economic system must sooner or later rely upon some form of the profit motive to stir individuals and groups to productivity. Substitutes like slavery, police supervision, or ideological enthusiasm prove too unproductive, too expensive, or too transient. Normally and generally men are judged