Capitalism Defended

The system of voluntary exchange and experimentation based on secure private-property rights — what we loosely call “capitalism” — expands rather than restricts our material and nonmaterial opportunities. Substituting elite power for voluntary exchange invites all sorts of epistemological problems and moral disasters.

Thus concludes Art Carden in a wide ranging defense of what we loosely call capitalism. His comments on health care are especially intriguing.

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