“The introduction of free competition is thus public declaration that from now on the members of society are unequal only to the extent that their capitals are unequal, that capital is the decisive power, and that therefore the capitalists, the bourgeoisie, have become the first class in society. Free competition is necessary for the establishment of big industry, because it is the only condition of society in which big industry can make its way.”

— Friedrich Engels

(1847)

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Friedrich Engels 87

German social scientist, author, political theorist, and ph… 1820–1895

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“Wherever big industries displaced manufacture, the bourgeoisie developed in wealth and power to the utmost and made itself the first class of the country. The result was that wherever this happened, the bourgeoisie took political power into its own hands and displaced the hitherto ruling classes, the aristocracy, the guildmasters, and their representative, the absolute monarchy. The bourgeoisie annihilated the power of the aristocracy, the nobility, by abolishing the entailment of estates – in other words, by making landed property subject to purchase and sale, and by doing away with the special privileges of the nobility. It destroyed the power of the guildmasters by abolishing guilds and handicraft privileges. In their place, it put competition – that is, a state of society in which everyone has the right to enter into any branch of industry, the only obstacle being a lack of the necessary capital.”

Friedrich Engels book Principles of Communism

Principles of Communism (1847)

“I think it is only because capitalism has proved so enormously more efficient than alternative methods that it has survived at all. (…) I'm not sure capitalism is the right word. There is a sense in which every society is capitalist. The Soviet Union was capitalist, but it was state capitalism. Latin American societies in the past have been capitalist, but it has been oligarchic capitalism. So what we really need to talk about is not capitalism but free market or competitive capitalism which is the system that we would like to have adopted, not just capitalism.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Interview with Parker in Randall E. Parker(ed.), Reflection on the Great Depression (2002)

“Having destroyed the social power of the nobility and the guildmasters, the bourgeois also destroyed their political power. Having raised itself to the actual position of first class in society, it proclaims itself to be also the dominant political class. This it does through the introduction of the representative system which rests on bourgeois equality before the law and the recognition of free competition, and in European countries takes the form of constitutional monarchy. In these constitutional monarchies, only those who possess a certain capital are voters – that is to say, only members of the bourgeoisie. These bourgeois voters choose the deputies, and these bourgeois deputies, by using their right to refuse to vote taxes, choose a bourgeois government.”

Friedrich Engels book Principles of Communism

Principles of Communism (1847)

“American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section I: “The Old Order Changeth”, p. 15 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA15&dq=%22American+industry+is+not+free%22
1910s, The New Freedom (1913)
Context: American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak. That is the reason, and because the strong have crushed the weak the strong dominate the industry and the economic life of this country. No man can deny that the lines of endeavor have more and more narrowed and stiffened; no man who knows anything about the development of industry in this country can have failed to observe that the larger kinds of credit are more and more difficult to obtain, unless you obtain them upon the terms of uniting your efforts with those who already control the industries of the country; and nobody can fail to observe that any man who tries to set himself up in competition with any process of manufacture which has been taken under the control of large combinations of capital will presently find himself either squeezed out or obliged to sell and allow himself to be absorbed.

“Big industry, competition and generally the individualistic organization of production have become a fetter which it must and will shatter.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

“Money is the great weapon in a free, equal and competitive society, which skill and capital employ in the war of the wits, to exploitate and oppress the poor, the improvident, and the weak-minded. Its evil effects are greatly aggravated by the credit and banking systems.”

George Fitzhugh (1806–1881) American activist

Source: Cannibals All!, or Slaves Without Masters (1857), p. 303

“Free competition is worth more to society than it costs.”

Oliver Wendell Holmes Jr. (1841–1935) United States Supreme Court justice

Vegelahn v. Guntner, 167 Mass. 92, 44 N.E. 1077, 1080 (1896) (Supreme Court of Massachusetts, Holmes dissenting).
1890s

“In place of the bourgeois society, with its classes and class antagonisms, shall we have an association, in which the free development of each is the condition for the free development of all.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Source: The Manifesto of the Communist Party (1848), Section 2, paragraph 72 (last paragraph).

“The bourgeoisie is a synonym for modern society. The word designates the class that gradually destroyed, by its free activity, the old aristocratic society founded on a hierarchy of birth.”

François Furet (1927–1997) French historian

Source: The Passing of an Illusion, The Idea of Communism in the Twentieth Century (1999), p. 4

“Big industry, and the limitless expansion of production which it makes possible, bring within the range of feasibility a social order in which so much is produced that every member of society will be in a position to exercise and develop all his powers and faculties in complete freedom. It thus appears that the very qualities of big industry which, in our present-day society, produce misery and crises are those which, in a different form of society, will abolish this misery and these catastrophic depressions.
We see with the greatest clarity: (i) That all these evils are from now on to be ascribed solely to a social order which no longer corresponds to the requirements of the real situation; and (ii) That it is possible, through a new social order, to do away with these evils altogether.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

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