Wednesday, December 18, 2013

Capitalism Isn't Perfect ... Just Far Better Than The Alternatives

SEE HERE  The reality is that Capitalism, or as I prefer, Free Enterprise, is the economic system that has brought more prosperity to more people than any other system.  It is also the freest system when not gamed by big government and cronies who are only pretend capitalists because what they really are is a conspiracy between Hudge and Gudge (as Chesterton puts it) to steal from the little man and enrich the greedly.  But that's not Capitalism.  That's government tyranny disguised as Capitalism.  So before we throw out the only economic system that has on net enriched and freed people let's get our terms straight and study the reality of the situation.  Walter Williams gives it a go here.

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