No capitalist gets our money unless we voluntarily choose to exchange it for whatever he’s selling. As Mitchell puts it, “Capitalism is the only system that gives people the liberty to make their own choices.”
Suppose you’re very power-hungry. Do you want people to think they’re able to fix their own problems? Of course not. If individuals can help themselves by doing a good job, learning new skills, making friends, and keeping their eyes peeled, what do they need you for?
Free markets increase total wealth. Competition encourages entrepreneurs to find new ways to release more value from both people and resources. Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before. That creates new wealth.
People who seek to rule over and control others learned long ago that controlling money and trade is the best way to do it. On a global level, there are open conspiracies among controlling interests that go about doing just that.
The Biden administration is taking new steps to promote Critical Race Theory and The New York Times’s controversial 1619 Project in US education programs. In a proposed federal rule issued on Monday, the US Department of Education indicated that it will be using taxpayer funds to award millions of dollars in American history and civics education grants that prioritize the belief that America is systemically racist.
More parents are waking up to the “woke” ideology that is seeping into their children’s classrooms and curriculum. Increasingly, they are speaking up and opting out.
Friedman leveled the poignant question to Burgis on what would happen to he and his friends if they practiced capitalism (one of them hiring the others for a wage) under his socialist system. Predictably, Burgis kept dodging the question.
While draft registration does involve unequal treatment of men and women, the larger issue is Selective Service registration itself.
This episode features a lecture by historian and Austro-libertarian Tom Woods from 2008. He talks about anti-capitalist thought and the disasters that flow from it, from American history.
For some time now, I’ve had an item for sale online. It’s an antique tractor seat, forged about a century ago in nearby Hoosick, New York, and various collectors prize these particular kind – though they generally don’t fetch much at market. Mine’s priced well above the going rate, and that’s quite deliberate: If someone wants it badly enough, and is willing to pay extra, I’ll part with it.