Category: Of Capitalism
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Say No To Libertarianism
According to a libertarian, this is freedom. And I’m not even kidding. Cato Institute, an actual libertarian organization, states this on their “economic freedom” page. The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, F. A. Hayek, and Milton Friedman stressed, freedom of exchange and minimally regulated markets…
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Yes, This is Real Capitalism
A common objection socialists get is that when they criticize capitalism—especially American capitalism, arguably the most ruthless of the capitalist-imperialist systems—is that they really criticize “crony capitalism”, “corporatism”, etc., with the idea being that “not real capitalism” has more government involvement in the economy than “real” capitalism. Generally, “real” capitalism is supposed to mean free-competition…