What we need is Free Enterprise.
We have had Monopoly Capitalism tied to government since the 1930s.
Gigantic International Corporations dominate the economic landscape to our detriment. This what many here call “Globalism” and they will sell and have sold out the US without blinking.
Very good article. A straightforward way to explain the different types of economies. It should be passed out to junior high & high schools!
Capitalism is a marxist term designed to demonize the free enterprise, free market economic system which evolves from a constitutional republic. democracy (read that, mob rule) promotes crony capitalism. social welfare, statism, and eventually socialism. Marx outlined these stages in Das Capital. For enterprise to be free, you must preserve markets where free association is permitted and fostered. Individual rights and freedom occur only in a Republic. We have lost that battle long ago. to reinstitute would require a revolution
bump
Most of the editorials in BHM are/were good. Unfortunately, the paper magazine is shutting down, though a web version will continue. I’ve been a subscriber for MANY years.