Economics is the science of production and exchange, and capitalism is the inalienable right to life and property applied to economics. Exchange is what takes place naturally among humans when humans are left free. To subvert capitalism, therefore, requires a massive act of government force; for as Adam Smith said: Man has a natural tendency to truck, barter, and exchange. Today, the preponderating number of people, businesspeople perhaps most especially, are no longer capitalists but interventionists who fear competition, and who because of their fear call for more and ever more government protection. Yet, incontrovertibly, capitalism has brought to this world a higher standard of living by far than anything the world has ever seen before. Why, then, is economic freedom under such unrelenting assault from both sides of the political spectrum? The answer, in large part, is that people simply don't understand the nature of capitalism - which is the full recognition of private property rights and the corollary freedom to exchange that property.
|Publisher:||Pearl Button Press|
|Product dimensions:||6.00(w) x 9.00(h) x 0.27(d)|
|Age Range:||9 Years|
Most Helpful Customer Reviews
This book tells it in simple terms, and makes me long for the time when kids could have a lemonade stand without fear of being shut down by the local constabulary.