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Louis O. Kelso & Mortimer J. Adler - The Capitalist Manifesto

Louis O. Kelso & Mortimer J. Adler - The Capitalist Manifesto

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Published by Frasier Talbert

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Published by: Frasier Talbert on Dec 28, 2010
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04/14/2012

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by Louis O. Kelsoand Mortimer J. Adler
A
S PUBLISHED BY
 RANDOM HOUSE
New York
1958
 
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© Copyright, 2000, by Patricia H. Kelso.All rights reserved under International and Pan American Copy-right Conventions.Library of Congress Catalog Card Number: 58-5268Published in San Francisco and simultaneously on the Internetby the Kelso Institute.
www.kelsoinstitute.org
 
 
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PREFACE
While signing my name to T
HE
C
APITALIST
M
ANIFESTO
as coau-thor with Louis Kelso, I wish to disclaim any credit for the originaland basic theory of capitalism on which this Manifesto is based.That theory is entirely Mr. Kelso’s. It is the product of many yearsof inquiry and thought on his part. The full statement of it willsoon be published in
Capitalism
, of which Mr. Kelso is sole author.I would also like to explain how I came to appreciate the criti-cal importance of the theory of capitalism; and why I felt that itsrevolutionary insights and program should be briefly summarizedin the form of a manifesto addressed to all Americans who areconcerned with the future of a democratic society, with theachievement of the fullest freedom and justice for all men, and,above all, with a twentieth-century reinterpretation of everyone’sright to life, liberty, and the pursuit of happiness.In the twenty years or more in which I have been developing atheory of democracy as the only perfectly just form of government,I slowly came to realize that political democracy cannot flourishunder all economic conditions. Democracy requires an economic

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