Saturday, August 15, 2009

Capitalism Is Beautiful

I read a lot of crazy crap from people bashing capitalism who clearly have no idea what it is or how it works. If I didn't understand how spontaneous order can arise from simple "rules" in the absence of any central planning, I swear I would think the free market and the beauty with which it operates would be evidence of Intelligent Design and the Hand of God in human nature. It is that profound, that elegant, that beautiful.


The spontaneous order of the market is created by the competition of capitalists, not to consume limited resources, but to increase the supply of scarce goods and resources to consumers in an effort to get them to voluntarily hand over scarce dollars. Those with poor sight can read because of self-interested optometrists and eyeglass makers. Those with poor hearing can hear because of self-interested hearing aid manufacturers. Those who are paralyzed can move around because of self-interested wheel chair manufacturers. Those who are sick can live because of self-interested doctors. Capitalism leads not to the survival of the fittest but to the survival of all, or at least of more and more for longer and longer at ever higher standards of living.

On Capitalism
by Michael Owen


  1. I wouldn't live in a nation that isn't capitalistic, but you do realize that unchecked and unregulated capitalism often results in dreadful consequences, right? Thus we have government agencies such as the FDA to ensure poison isn't sold as a health product (which has happened in the past).

    Anyway, who are these people who bash capitalism?

  2. Unchecked capitalism...scary. People doing as they please with no-one watching over them is going to have dreadful consequences...

    "Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others?" - Thomas Jefferson

    By the way, the FDA is there to defend the big drug and 'food' industries, not you. Fluoride, mercury, psychotropic drugs etc are OK, but family farmers? No, they get 'regulated'.

  3. Ah yes, the FDA is actually a sham organization designed by large production companies to stomp out competition. Hmm... This thread is becoming a bit too conspiracy-theorist for this debunkey monkey.


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