Capitalism and socialism rightly understood

posted by
December 15, 2011
A Passion for Liberty
by Tibor R. Machan  
Posted in Commentary

"Nozick pointed out that in the libertarian system he presented in his book there is every chance to experiment with a great variety of human associations -- he called the[m] 'utopias' -- provided these do not sanction the coercion of some people by others. And since the kind of associations that 'worker owned companies' are need by no stretch of the imagination involve any kind of coercion, they are entirely compatible with capitalism wherein the major element is freedom of association, not the pursuit of any particular goal (including profit)." (12/15/11)

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