id author title date pages extension mime words sentence flesch summary cache txt _005197920 Michel, Virgil George, 1890-1938. Critique of capitalism 1936 .txt text/plain 9999 415 61 Our present-day capitalism has not only hap- pened to grow up side by side with the laissez- faire theory which is thoroughly individualistic and which separated economic life from inter- ference on the part of the State; but it has ac- tually grown and developed under the guiding inspiration of this same laissez-faire . It was thus that the social purpose and social good of economic life, which was to be attained by all-around competition, was first of all fet- tered by the chains of natural economic laws, and then left to die in secret—“spurlos vet- schwundenV 9 In place of the erstwhile compe- tition between productive and commercial en- 45 terprises, came the growing manipulation of markets and money for a quick turnover of profits. cache/_005197920.txt txt/_005197920.txt