![]() On the market a daily repeated plebiscite of the consumers determines who should own and run the plants and the farms. In the capitalistic society private ownership of the means of production virtually serves all those who consume the goods produced. In the status society private property served the owners exclusively. Thus, the more gifted members of society are induced to serve the concerns of everybody, including the hosts of less efficient and less gifted people. There is only one method for the acquisition and preservation of wealth, viz., to supply the consumers in the best possible and cheapest way with those commodities and services which they ask for most urgently. ![]() By the instrumentality of profit and loss, the entrepreneurs and the capitalists are forced to cater to the wishes of the consumers. They determine by their buying or abstention from buying what should be produced, in what quantity, and of what quality. On the market the consumers, i.e., all of the people, are supreme. The modern system of the market economy-capitalism-radically differs from the status system of the ancien régime. A hierarchical order of hereditary castes was established under which the kings and aristocrats administered all affairs for their own benefit, while the lower strata of the population had no other function than that of toiling for their masters and of making life as agreeable as possible for them. The stronger beat the weaker into submission. In any social system the main issue is how to promote peaceful co-operation among people markedly different from one another not only in bodily characteristics but also in mental capacity, will power, and moral strength.įor thousands of years people knew only one method of dealing with inborn inequality: to make the superiority of the stronger over the weaker prevail throughout. ![]() The inborn inequality of the various individuals of the human species poses the most intricate problem for all interhuman relations. ![]()
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