Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Only a handful see it for what it really is — the strong horse that pulls the whole cart.
Capitalism and communism stand at opposite poles. Their essential difference is this: The communist seeing the rich man and his fine home says, ‘No man should have so much.’ The capitalist seeing the same thing says, ‘All men should have as much.’
Phil Donohue: When you see around the globe the maldistribution of wealth, the desperate plight of millions of people in underdeveloped countries, when you see so few haves and so many have-nots, when you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism? And whether greed is a good idea to run on?Continue reading “Greed vs. virtue”
The problem of social organization is how to set up an arrangement under which greed will do the least harm. Capitalism is that kind of a system.
I think all the world would gain by setting commerce at perfect liberty.