Capitalism has gotten such a bad name, but this is understandable given that it has become a blanket term. But free market capitalism hasn’t existed for many decades. The idea that an agreement between two parties to exchange something each finds valuable is not only not evil, but propels people out of poverty and into deep prosperity unlike any other system that has existed, including and especially centrally planned economies.
Interested in learning more about Austrian economics? Read, Man, Economy, and State, with Power and Market, by Murray Rothbard
"We know, for example, that Chinese ships traveled to North America –major expeditions—in the early 14th Century during the Ming Dynasty but they made no attempt to colonize the New World and enslave its peoples."
Those sea trips were done early in the 15th century-1419-1421- not in the early 14th century.
Capitalism has gotten such a bad name, but this is understandable given that it has become a blanket term. But free market capitalism hasn’t existed for many decades. The idea that an agreement between two parties to exchange something each finds valuable is not only not evil, but propels people out of poverty and into deep prosperity unlike any other system that has existed, including and especially centrally planned economies.
Interested in learning more about Austrian economics? Read, Man, Economy, and State, with Power and Market, by Murray Rothbard
Thank you for this. Will read.
Correct-when the US didn't use anti trust against Amazon or Microsoft or Facebook capitalism turned into Fascism
clicking on those 2 things did not work
I checked. The links do work. Louie has the solution. Or maybe Microsoft or Apple hate you, I know they hate me.
Thanks. I will check.
Close the app completely and reopen it. It happens a lot
"We know, for example, that Chinese ships traveled to North America –major expeditions—in the early 14th Century during the Ming Dynasty but they made no attempt to colonize the New World and enslave its peoples."
Those sea trips were done early in the 15th century-1419-1421- not in the early 14th century.