All progress, from primitive savagedom to modern civilisation, will... — J. A. Hobson

"This new and enlarged edition of The Evolution of Modern Capitalism contains additions and alterations so great as to constitute it in effect a new book."

"We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control. ...The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality."

"Industrial history shows that in modern competitive industry the motive of personal gain is most wastefully applied. On the one hand, the great mass of intelligent workers have no opportunity of securing an adequate reward for any special application of intelligence in mechanical invention or other improvement of industrial arts. Few great modern inventors have made money out of their inventions. On the other hand, the entrepreneur, with just enough business cunning to recognise the market value of an improvement, reaps a material reward which is often enormously in excess of what is economically required to induce him to apply his "business" qualities to the undertaking."

"The substitution of industrialism for warfare is not... understood to imply a diminution of individual enterprise, but an alteration in its application."

"This is, in fact, the philosophical defence of progressive socialism, that human progress requires that one after another the lower material animal functions shall be reduced to routine, in order that a larger amount of individual effort may be devoted to the exercise of higher functions and the cultivation by strife of higher qualities."

"Corporations are in a sense moral monsters; we say they behave as such and we are disposed to treat them as such. The standard of international morality, particularly in matters of commercial intercourse, is on a still lower level."