We live in a system described in obsolete terms. We have come to believe our own repeated declarations that our society is based on individual initiative – whereas, in fact, most of it is no more individual than an infantry division. We assume that our economic system is based on “private property.” Yet most industrial property is is no more private than a seat in a subway train, and indeed it is questionable whether much of it can be called “property” at all. We indignantly deny that we are collectivist, yet it is demonstrable that more than two-thirds of our enterprise is possible only because it is collectivist: what is really meant is that the State did not do the collectivizing.

In a modern capitalist society, what is moral is often determined by what has economic value.16

The economic success of the Western world is a product of its moral philosophy and practice. The economic results are better because the moral philosophy is superior. It is superior because it starts with the individual, with his uniqueness, his responsibility, and his capacity to choose. Surely this is infinitely preferable to the Socialist-statist philosophy which sets up a centralised economic system to which the individual must conform, which subjugates him, directs him and denies him the right to free choice. Choice is the essence of ethics: if there were no choice, there would be no ethics, no good, no evil; good and evil have meaning only insofar as man is free to choose.

Without regard to his conscience, the economic system involves a man in the guilt of the moral and physical death of his brothers: their blood cries to him from the adulterated and monopolized foods he eats; from the sweat-shop clothes he wears; from his educational advantages, his special privileges, his social opportunities. ... In fine, civilization denies to man that highest of all rights — the right to live a guiltless life, the right to do right.

In our philosophy the purpose of the life of the individual is not to be the servant of the State and its objectives, but to make the best of his talents and qualities. The sense of being self-reliant, of playing a role within the family, of owning one's own property, of paying one's way, are all part of the spiritual ballast which maintains responsible citizenship, and provides the solid foundation from which people look around to see what more they might do, for others and for themselves. That is what we mean by a moral society; not a society where the State is responsible for everything, and no-one is responsible for the State.

Society is organized on the principle that any individual who possesses certain social characteristics has a moral right to expect that others will value and treat him in an appropriate way.

In our system of society, no authority exists to tell us what is good and desirable. We are each free to seek what we think is good in our own way. The danger is that where men compromise truth and let decency slip, they eventually end up with neither. A free society can survive only through men and women of integrity. Fortunately, there still exist human beings who remain concerned about moral and ethical values and justice toward others. These are the individuals who provide hope of the ultimate realism that is marked by a society's capacity to survive rather than be eventually destroyed. Ethics and morals are basically individual values. A society that does not possess an ethical dimension will find it almost impossible to draft a law to give it that dimension. Law merely deters some men from offending and punishes others from offending. It does not make men good. It is important also to recognize that morals and ethics are not relative; they do not depend on the situation. This may be the hardest principle to follow in working to achieve goals. The ends, no matter how worthy they appear, cannot justify just any means.

The economic system denies the right of the sincerest and most sympathetic to keep their hands out of the blood of their brothers. We may not go to our rest at night, or waken to our work in the morning, without bearing the burden of the communal guilt; without being ourselves creators and causes of the wrongs we seek to bear away. At every step, when we would do good, evil is present with us, and exacts its tribute from the very citadel of the soul.

Every society is a moral society. In certain respects, this character is even more pronounced in organised societies. Because the individual is not sufficient unto himself, it is from society that he receives everything necessary to him, as it is for society that he works.

What our generation is in danger of forgetting is not only that morals are of necessity a phenomenon of individual conduct but also that they can exist only in the sphere in which the individual is free to decide for himself and is called upon voluntarily to sacrifice personal advantage to the observance of a moral rule. Outside the sphere of individual responsibility there is neither goodness nor badness, neither opportunity for moral merit nor the chance of proving one’s conviction by sacrificing one’s desires to what one thinks right. Only were we ourselves are responsible for our own interests and are free to sacrifice them has our decision moral value. We are neither entitled to be unselfish at someone else’s expense nor is there any merit in being unselfish if we have no choice. The members of a society who in all respects are made to do the good things have no title to praise. As Milton said: “If every action which is good or evil in a man of ripe years were under pittance an prescription and compulsion, what were virtue but a name, what praise should then be due to well-doing, what gramercy to be sober, just, or continent?”
Freedom to order our own conduct in the sphere where material circumstances force upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily re-created in the free decision of the individual. Responsibility, not to a superior, but to one’s conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one’s own decision, are the very essence of any morals which deserve the name.
That in this sphere of individual conduct the effect of collectivism has been almost entirely destructive is both inevitable and undeniable. A movement whose main promise is the relief from responsibility cannot but be antimoral in

Every economic decision has a moral consequence.

When we create an economic system based on co-operation and sharing rather than on competition and market forces, we will create a more moral economic structure. When the stock exchanges collapse, humanity will be brought face to face with its illusions about the nature of reality. p. 136

A society in which the individual feels responsible for his or her actions is more likely to work together and survive to spread its values.

Freedom to order our own conduct in the sphere where material circumstances force a choice upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily recreated in the free decision of the individual. Responsibility, not to a superior, but to one's own conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one's own decision, are the very essence of any morals which deserve the name.