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
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Politicians need to think beyond stage one on credit card price controls
President Trump, in a Friday news dump on social media, proposed price controls on credit card interest rates. He wants to cap annual rates…
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Free the Economy podcast: Climate policy endangerment with Marlo Lewis
In this week’s episode we talk about tariff refunds, Affordable Care Act subsidies, Ryan Young’s Books of the Year for 2025,…
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Trump’s baby accounts: Wealth builder or redistribution trap?
A White House roundtable this week spotlighted Michael and Susan Dell’s $6.25 billion philanthropic contribution seeding newborn investment “Trump Accounts” beyond the federal…
