Tweet [1]
… is from page 80 of the 1990 Transaction Publishers reprint of W.H. Hutt [2]‘s 1936 volume, Economists and the Public [3]:
Because of its non-discriminatory nature and its opposition to privilege, competitive capitalism is essentially an equalitarian force.
(See also the late Ludwig Lachmann’s insightful essay “The Market Economy and the Distribution of Wealth [4].”)