Reading some of the comments on Facebook about the recent Daniel Hannan article on what we Evil Capitalist Pigs really believe.
You know, like "Capitalism isn't bad in and of itself. Just like any other tool or structure it is only good or bad depending on the use people put it to" or they say they hate "Capitalism" but can they show me WHERE capitalism is being practiced in the U.S.? I only see Mercantilism
We've mentioned before -- on this blog and other webulous places, that Capitalism isn't a "system" in the sense that some person or persons sat down and said "here's how it should work" ... like, say, Karl Marx et. al. did.
It is the Tao of Economics. The Way of Things. It falls directly out of human nature. It's basic structure is I have A, you have B. You want A, I want B. And we work out some sort of deal on how we swap A for B that is acceptable to the both of us. That's the essence of a Free Market.
I can't remember who it was I was talking to, but this person mentioned that the word "Capitalism" didn't show up until the middle 1800's ... right around the time Marx et. al. were formalizing their forced wealth redistribution systems. Which are incompatible with a Free Market. But something called a Free Market is hard to demonize. However, another "ism", a counter-ism, a word to use to put some distance between the concept of a Free Market and the connotation of the new "ism", and then demonize the new word by assigning it abuses of trust associated with market fraud --- much easier.
So I don't like arguing about "Capitalism". It's a misrepresentation of what we are really for, and that is Free Markets.