Friday, January 25, 2008
Roger de Hauteville -
Capitalism isn't a system. Got that? Capitalism is the lack of a system. Why can't you fools understand this? Capitalism is freedom. All "systems" are the enemies of freedom, because they rely on the opinions of a few-- usually very cranky-- people, instead of on the collective wisdom of everyone acting in their own self interest, tempered by their innate generosity. Capitalism is the unfettered desire and ability of humans to barter with one another and accumulate knowledge and things. That's it. In capitalism, certain institutions arise because the market signals they are necessary in the first place, and supports them after they are established. In general, when people who do not understand this desire of humans to barter and accumulate things attack these useful institutions, they destroy wealth and impoverish people. That confab in Davos is the poster child for that sort of meddling. Repeat after me: Hong Kong-good. North Korea-bad.
Posted by rws at 1/25/2008 12:20:00 PM