ABSTRACT
Under the influence of Marxist propaganda people have become accustomed to calling the economic system which during the last hundred years has spread across the realm of European-American civilization and thence across the whole world, "capitalism". A pure market system means that economic success can only be obtained by rendering an equivalent economic service to the consumer, and that at the same time, failure to do so is relentlessly punished by losses and finally by bankruptcy, which means expulsion from the ranks of those responsible for production. Income without equivalent performance and unpunished default are both prevented in this pure market system, which has been disastrously falsified by historical "capitalism". Freedom, immunity of the economic life from political infection, clean principles and peace—these are the non-materialist achievements of the pure market economy. In economic life there exists a particularly impressive instance of an obvious harmony of interests between contractual parties, namely, life insurance.
