“Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.”

Part I, Chapter I, The Changing Role of Surplus Stocks, p. 17
Storage and Stability (1937)

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Benjamin Graham 64
American investor 1894–1976

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“Even the most wretched individual of our present society could not exist and develop without the cumulative social efforts of countless generations.”

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Context: Even the most wretched individual of our present society could not exist and develop without the cumulative social efforts of countless generations. Thus the individual, his freedom and reason, are the products of society, and not vice versa: society is not the product of individuals comprising it; and the higher, the more fully the individual is developed, the greater his freedom — and the more he is the product of society, the more does he receive from society and the greater his debt to it.

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