Capitalism is Freedom

And the twits at Davos and elsewhere still don’t understand it.
clipped from americandigest.org
“Capitalism isn’t a system. Got that? Capitalism is the lack of a system. Why can’t you fools understand this? Capitalism is freedom. All “systems” are the enemies of freedom, because they rely on the opinions of a few– usually very cranky– people, instead of on the collective wisdom of everyone acting in their own self interest, tempered by their innate generosity. Capitalism is the unfettered desire and ability of humans to barter with one another and accumulate knowledge and things. That’s it. In capitalism, certain institutions arise because the market signals they are necessary in the first place, and supports them after they are established. In general, when people who do not understand this desire of humans to barter and accumulate things attack these useful institutions, they destroy wealth and impoverish people.
  blog it

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s