Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid-twentieth century.

Summary

This quote suggests that while predatory capitalism has contributed to the development of a sophisticated industrial system and advanced technology, it has also given rise to certain democratic practices and liberal values. However, the quote highlights that in the present day, the limits of this system have become evident and need to be surpassed. It signifies the need for finding an alternative system, as predatory capitalism is deemed unfit for the current era, possibly due to the negative implications such as inequality and environmental degradation.

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