"The socialistic theorizers all assume that Association is a step in advance of civilization. If that is true, we must assume also that the most advanced class of civilization is that which must take the step ; and a discrimination of some sort will be required, to get that class into the work, and shut off the barbarians who would hinder it. ...This method, or something like it, has been tried in most of the non-religious experiments. The joint-stock principle, which many of them adopted, necessarily invites all who choose to buy stock. That principle may form organizations that are able to carry on the businesses of banks and railroads after a fashion ; because such businesses require but little character, except zeal and ability for money-making. But a true Community, or even a semi-Community, like the Fourier Phalanxes, requires far higher qualifications in its members and managers."
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John Humphrey Noyes
https://en.wikiquote.org/wiki/History_of_American_Socialisms
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