Excerpt

The Capitalist State in Proportion as It Grows Perfect Grows Unstable:—It can of its nature be but a transitory phase lying between an earlier and a later stable state of society—The two internal strains which render it unstable—(a) The conflict between its social realities and its moral and legal basis—(b) The insecurity and insufficiency to which it condemns free citizens—The few possessors can grant or withhold livelihood from the many non-possessors—Capitalism is so unstable that it dares not proceed to its own logical conclusion, but tends to restrict competition among owners, and insecurity and insufficiency among non-owners.