I know that it is the Socialist idea that making profits is a vice, and that making large profits is something of which a man ought to be ashamed. I hold the other view. I consider that the real vice is making losses.

The substance of the eminent Socialist gentlemen's speech is that making a profit is a sin. It is my belief that the real sin is taking a loss!

All social life is essentially practical. All mysterious which lead theory to mysticism find their rational solution in human practice and in the comprehension of the practice.

Socialism is inseparably interwoven with totalitarianism and the object worship of the state.

The main vice of capitalism is the uneven distribution of prosperity. The main vice of socialism is the even distribution of misery.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.