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It is a happy coincidence that such a free-enterprise exchange economy constitutes an ideal economic arrangement for a free society. Since no standards other than the individual's freedom as defined above are adduced for deciding the extent to which an economic arrangement may be deemed ideal, the proposition that competitive capitalism meets the requirements follows exdefinitione...
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The danger affects both the political and the economic realms, but the former only indirectly, by means of the threat to our free economic institutions. Taken by itself, the condition in the area of political freedom is not thought of as alarming. Men in our society can openly advocate and work for socialism...
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