The risk-bearing role of the rich cannot be performed so well by anyone else. The benefits of capitalism still depend on capitalists. The other groups on the pyramid of wealth should occasionally turn from the spectacles of consumption long enough to see the adventure on the frontiers of the economy above them - an adventure not without its note of nobility...

Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities.

In the history of enterprise most of the protagonists of major new products and companies began their education - not in the classroom where the old ways are taught but in the factories and labs where new ways are wrought ... nothing has been so rare in recent years as an Ivy League graduate who has made a significant innovation in American enterprise.

In embracing change entrepreneurs ensure social and economic stability.

Poverty is less a matter of income than of prospects. While the incomes of the poor have steadily risen through Great Society largesse their prospects have plummeted as families have broken into dependent fragments.

Entrepreneurs in accepting risk achieve security for all. In embracing change they ensure social and economic stability.