Capitalism is an inherently moral system of political economy, based on its voluntary nature and its reliance on virtuous human traits. The entity that embodies capitalism in the market – the firm or corporation – hones and enhances these virtues through a vast array of mutually beneficial exchanges, which
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
Featured Posts
Blog
Free the Economy podcast: Welfare and work with Kevin Corinth
In this week’s episode we cover new inflation data, public attitudes about Social Security, and California’s self-inflicted energy crisis. Our interview…
Blog
Trump revokes Biden’s bogus competition order, but it’s only a start
President Donald Trump just revoked President Biden’s 2021 “Executive Order on Promoting Competition in the American Economy.” That’s welcome news, as I explain in…
American Greatness
Chester Arthur was a Champion of Government Accountability, not the Architect of the Deep State
Was America’s 21st president responsible for spawning a perpetual class of unaccountable power-wielding bureaucrats? In an article for American Greatness, Thaddeus McCotter…
