Of all God s creations man, alone, was endowed with free will. Only freedom releases all of man s potential energies. His work is done as a member of a team, and, unless the team prospers, no member can prosper. No human beings are exactly equal in mental and physical ability. To make the best use of its human resources an economy must accept this fact and must provide opportunity for each man to do what he can do best.
Prosperity requires harmony among men.
Harmony requires compromise based on good faith and the Golden Rule. Without compromise man is confronted either with anarchy or government force. Men being unequal, their potential economic contributions are unequal and there must, therefore, be inequality of reward. Responsibility without authority generates timidity, indecision, carelessness, arrogance, favoritism, and potentially disastrous decisions. Responsibility with authority generates balanced judgment, respect for the opinions of others, justice in personal decisions, and prudent planning.