Class Mobility

In the feudal society, men became rich by war and conquest and through the largess of the sovereign ruler. Men became poor if they were defeated in battle or if they fell from the monarch’s good graces. In the capitalistic society, men become rich—directly as the producer of consumers’ goods, or indirectly as the producer of raw materials and semi-produced factors of production—by serving consumers in large numbers. This means that men who became rich in the capitalistic society are serving the people.

On the Manipulation of Money and Credit, pp. 177–78

In the unhampered market economy there are no privileges, no protection of vested interests, no barriers preventing anybody from striving after any prize.

Theory and History, p. 114

Entrance into the ranks of the entrepreneurs in a market society, not sabotaged by the interference of government or other agencies resorting to violence, is open to everybody.

Planning for Freedom, p. 117

Under capitalism everybody is the architect of his own fortune.

Bureaucracy, p. 100