"The revolution of values must go beyond traditional capitalism and communism. We must honestly admit that capitalism has often left a gulf between superflous wealth and abject poverty, has created conditions permitting necessities to be taken from the many to give luxuries to the few, and has encouraged smallhearted men to become cold and conscienceless so that, like Dives before Lazarus, they are unmoved by suffering, poverty-stricken humanity. The profit motive, when it is the sole basis of an economic system, encourages cutthroat competition and selfish ambition that inspire men to be more I-centered than thou-centered. Equally, communism reduces men to a cog in the wheel of the state. The communist may object, saying that in Marxian theory the state is an 'interim reality' that will 'wither away' when the classless society emerges. True--in theory; but it is also true that, while the state lasts, it is an end in itself. Man is a means to that end. He has no inalienable rights. His only rights are derived from, and conferred by, the state. Under such a system the fountain of freedom runs dry. Restricted are man's liberties of press and assembly, his freedom to vote and his freedom to listen and to read.
"Truth is found neither in traditional capitalism nor in classical communism. Each represents a partial truth. Capitalism fails to see the truth in collectivism. Communism fails to see the truth in individualism. Capitalism fails to realize that life is social. Communism fails to realize that life is personal. The good and just society is neither the thesis of capitalism nor the antithesis of communism, but a socially conscious democracy which recognizes the truths of individualism and collectivism."
