From the conclusion….
What it comes to, then, is this: what we are ethically is what we are as people, not as units in a system. That one system may be better than another, I fully agree. For my own part, my preference is for a capitalism, reformed and regulated in the public interest; and the reason for my preference is that such a capitalism leaves more room for liberty and encourages ethical maturity and voluntary righteousness. Compulsory systems, paternalistic and authoritarian, foster attitudes which are ethically not grown up. Not, you understand, that I think regulation by the government is at the present time unnecessary. Far from it! I recognize as well as any man that a considerable amount of government compulsion and control are indispensable. But I would like to see it kept as little as possible. Again and again, I am in favor of compulsion from practical necessity, but I regret the need of it. I lament the evils that require coercive measures to correct them. I support such measures because I must. But I do not deceive myself about their ethical significance. What I would like to see is the voluntary level kept as high as possible. I love freedom. I want more freedom than any socialist system, or so I fear, would eventually permit. For human nature under either system would exploit the weaknesses of that particular system, and I fear the weaknesses of compulsory systems more than those of voluntary ones.