All so-called hyphenated (“-”) or Frankenstein capitalisms (‘state-capitalism,’ ‘anarcho-capitalism,’ ‘crony-capitalism,’ ‘democratic capitalism,’ ‘welfare capitalism,’ etc.) are not forms of capitalism but are mixtures of capitalist and non-capitalist elements. Without the proper foundation, capitalism is like a skyscraper built on quicksand.
What is the goal of capitalism free#
If a culture of peace, progress, and human flourishing is one’s goal, then the economy of capitalism - the free market - depends on a specific legal, political, and ethical foundation. That concept is that one denoted by the word ‘capitalism.’Ĭapitalism is not just an economic system (‘the market’) grafted onto any political structure but is an integrated social system with legal, political, and ethical dependencies. There is no term today more often spoken and written about in today’s culture in proportion to how it is poorly understood. It is this power that allows us to harness the power of the atom for energy build planes and rocket ships to travel the skies and stars, and innovate technology to increase the quantity and improve the quality of our lives. “…Reason in epistemology leads to egoism in ethics, which leads to capitalism in politics.”Ĭapitalism (from the Latin word capta, meaning “head”) is a social system based on individual rights that unleashes the power of the human mind.Ĭentral to a proper concept of capitalism is reverence for the power of reason and the human mind.
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