Essential capitalism

posted by
April 11, 2011
A Passion for Liberty
by Tibor R. Machan  
Posted in Commentary

"A while back I got caught up in a fracas about using the term 'capitalism' to mean the free market, fully voluntary system of economic relations. It didn’t surprise me since I am aware that complicated matters often need to be discussed, well, in complicated ways so when one just refers to some system as 'capitalist' or 'democratic' or 'socialist' or 'libertarian,' one is likely to start a dispute as to just what the term is to mean in the language in which such issues are to be discussed." (04/10/11)  


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