It’s amazing that people don’t understand that the more the market is involved and the smaller the government, the lower the price, the better the distribution, and the higher the quality.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. It forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
Fairness is not redistributing wealth. Fairness is rewarding merit, and that’s what free enterprise does.
Capitalism makes. Socialism takes. Socialism spends the money that capitalism earns.
Capitalism teaches people to be grateful for what they’ve earned. Socialism teaches people to be entitled to what others produced. Socialism makes people selfish.
There is a very important confusion. What we have to distinguish between are capitalist industrialists who operate on a free market and the kind of capitalists who operate with government help.Continue reading “Don’t conflate capitalism and corporatism”
That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise.
Free enterprise capitalism exists only when people in the private sector are free to pursue their own interests without direction from government. When politicians start passing laws to tell them what to do, or bureaucrats start issuing edicts to tell them what to do, it is no longer capitalism; it’s fascism.
All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.
The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.