Radio talk show host Andrew Wilkow likes to take sips from his "Capitalism is Boss" coffee mug and I say "Great! Enjoy!"
Indeed, the economic system referred to as Capitalism is the best, most natural system for the exchange of goods and services and has created creature comforts beyond cataloging in the past 100 years.
But is "Capitalism" the right word?
Shouldn't we instead be talking about "Free Enterprise," the ability of individuals to exchange goods and services? After all, the term capitalism was created by some of the most staunch enemies of free enterprise in the first place. Why should its proponents use it?
But more importantly, what is it about Free Enterprise that is redeeming as an economic system, in contrast to all its naysayers criticisms?
That is what we will discuss on this blog. Enjoy!
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