This whole edifice of civilization is in its foundations and in all its stones nothing else than the result of the creative capacity, the achievement, the intelligence, the industry, of individuals: in its greatest triumphs it represents the great crowning achievement of individual God-favored geniuses, in its average accomplishment the achievement of men of average capacity, and in its sum doubtless the result of the use of human labor-force in order to turn to account the creations of genius and of talent. So it is only natural that when the capable intelligences of a nation, which are always in a minority, are regarded only as of the same value as all the rest, then genius, capacity, the value of personality are slowly subjected to the majority and this process is then falsely named the rule of the people. For this is not rule of the people, but in reality the rule of stupidity, of mediocrity, of half-heartedness, of cowardice, of weakness, and of inadequacy.
IT IS ABSURD TO BUILD UP ECONOMIC LIFE ON THE CONCEPTIONS OF ACHIEVEMENT, OF THE VALUE OF PERSONALITY, AND THEREFORE IN PRACTICE ON THE AUTHORITY OF PERSONALITY, BUT IN THE POLITICAL SPHERE TO DENY THE AUTHORITY OF PERSONALITY AND TO THRUST INTO ITS PLACE THE LAW OF THE GREATER NUMBER - DEMOCRACY.
