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Daily Quote #292

Fifty Years in Wall Street by Henry Clews
Fifty Years in Wall Street by Henry Clews
#81

Fifty Years in Wall Street  (1908)

by  Henry Clews

For the purpose of this discussion, however, we can agree that, as contradistinguished from Individualism, Socialism opposes and denounces competition as an injurious and unnecessary force in society, and advocates the collective ownership, through the State, of all the means of production and distribution.

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