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The belief that the raw mechanics of Capitalism, uninformed by any moral penumbra of ethics, religion, or philosophy, has alone caused the great material increase of the West, is of itself suspect. Indeed, the Protestant Work Ethic, the idea of fair play, the conception of noblesse oblige, respect for contracts and law, the forbearance of pleasure for industriousness, thrift, moderation, Christian charity, and a host of other ideals and virtues, have invariably tinctured capitalism’s character for better or worse.
