Those who say capitalism has failed are saying freedom has failed. Capitalism is freedom. Adam Smith instead used the term "system of natural liberty." Raw capitalism is tempered by the rule of law. The problem we have now is an increasing multiplicity of laws arbitrarily enforced, in which policy dictates enforcement. This is a form of tyranny. Those who are against capitalism believe someone off in Washington, D.C., can run your life better than you can.
Socialism is for those who wish to be insulated from consequences, for those who want to trade individual responsibility and compassion for state-provided responsibility and compassion.
Brent Seeley
Smithfield
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