Capitalism undoubtedly has certain boils and blotches upon it, but has it as many as government? Has it as many as marriage? Has it as many as religion? I doubt it. It is the only basic institution of modern man that shows any genuine health and vigor.
The chief difference between free capitalism and State socialism seems to be this: that under the former a man pursues his own advantage openly, frankly and honestly, whereas under the latter he does so hypocritically and under false pretenses.
To believe that Russia has got rid of the evils of capitalism takes a special kind of mind. It is the same kind of mind that believes that a Holy Roller has got rid of sin.
Capitalism under democracy has a further advantage: its enemies, even when it is attacked, are scattered and weak, and it is usually easily able to array one half of them against the other half, and thus dispose of both.
Communism, like any other revealed religion, is largely made up of prophecies. When they fail to come off its clergy simply say that they will be realized later on. Thus, if we have another boom, they will argue that the collapse of capitalism is only postponed. The fact that the greatest booms ever heard of followed Marx's formal prophecy of the downfall of capitalism is already forgotten, just as millions have long since forgotten the early Christian prophecy that the end of the world was at hand. The first Christians accepted postponements as docilely as the Communists of today.
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