When service is performed, the individual performing it is entitled to the compensation for it. His creation becomes a part of himself. It is his property. To attempt to deal with persons or with property in a communistic or socialistic way is to deny what seems to me to be this plain fact. Liberty and equality require that equal compensation shall be paid for equal service to the individual who performs it. Socialism and communism cannot be reconciled with the principles which our institutions represent. They are entirely foreign, entirely un-American. We stand wholly committed to the policy that what the individual produces belongs entirely to him to be used by him for the benefit of himself, to provide for his own family and to enable him to serve his fellow men.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "When service is performed, the individual performing it is entitled to the compensation for it. His creation becomes a part of himself. It is his property. To attempt to deal with persons or with property in a communistic or socialistic way is to deny what seems to me to be this plain fact. Liberty and equality require that equal compensation shall be paid for equal service to the individual who performs it. Socialism and communism cannot be reconciled with the principles which our institutions represent. They are entirely foreign, entirely un-American. We stand wholly committed to the policy that what the individual produces belongs entirely to him to be used by him for the benefit of himself, to provide for his own family and to enable him to serve his fellow men." in the context of "" to mean that wisdom is timeless.