“Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior…”

Source: 1930s- 1950s, The End of Economic Man (1939), p. 37

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American business consultant 1909–2005

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