Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.
The health of a democratic society may be measured by the quality of functions performed by private citizens.
The nations of our time cannot prevent the conditions of men from becoming equal, but it depends upon themselves whether the principle of equality is to lead them to servitude or freedom, to knowledge or barbarism, to prosperity or wretchedness.
All revolutions more or less threaten the tenure of property: but most of those who live in democratic countries are possessed of property - not only are they possessed of property but they live in the condition of men who set the greatest store upon their property.
If ever America undergoes great revolutions, they will be brought about by the presence of the black race on the soil of the United States - that is to say, they will owe their origin not to the equality but to the inequality of conditions.
In democratic countries as well as elsewhere most of the branches of productive industry are carried on at a small cost by men little removed by their wealth or education above the level of those whom they employ.
Nations are less disposed to make revolutions in proportion as personal property is augmented and distributed among them, and as the number of those possessing it is increased.
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