Posted on 12/09/2015 10:47:53 AM PST by Twotone
Wouldn't it be nice if we could simply invent new terms to replace the words that seem to cause more heat than light? For example, I have written before of my qualms about using the word capitalism to describe the free-market economy. The word was coined by capitalism's enemies to describe the system that they rejected.
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I’ve said the same thing for many years. I prefer “free-market” economy (or something like it) as well.
I propose “freedom”. That’s what I’m really in favor of.
Business is how free people naturally feed their kids, but anything with “ism” on it implies religious devotion, and we don’t worship capital per se.
free markets
It’s what they are and the word free resonates with all but the most idiotic leftists.
When asked if I am in favor of capitalism, I always reply that I favor a free-market economy and economic liberty.
Huge accumulations of corporate capital, ususlly in combination with government, have severely curtailed the economic liberty of individuals and small businesses.
For too long conservatives and republicans have believed anything that furthers corporate interests is in the best interest of free markets. Hence income tax breaks and property tax abatements for huge companies that place small business entrepreneurs at a disadvantage.
Exactly. All preferential tax treatment should be illegal. I hope the Article V convention folks are considering something along those lines.
The left has worked hard to rename themselves as the misleading Progressives and the Progressive Party (aka socialists).
Capitalism or free market economics can surely take on another moniker to soften the image and stress that it is freedom at work.
In the actually existing world, all capitalism is crony capitalism; similarly, all actual socialism is national socialism.
Leviathan always eats first.
Capitalism is how you use... invest.. what you have to get the best return...
Crony Capitalism is investing your time and money in government or other power to bypass the free market.. give you a monopoly by favoring you or repressing your competition in the public market
Free market is the people making their own free choices in the market... the invisible (public) hand
Free market Capitalism is a free public market and using you capital to service that market to gain the favor of the invisible (public) hand...
vs...Crony Capitalism... gaining the favor of the state /government hand to repress, limit, control the free invisible public hands choices
Voluntary exchange. Or voluntary goods and services exchange.
“Of course, capital does play a crucial role in capitalism. The private ownership of capital (the means of production) is a defining characteristic of a free-market economy, especially in comparison to socialism.”
I’d change that just a little.
“Of course, capital does play a crucial role in capitalism. The private allocation of resources (the means of production) is a defining characteristic of a free-market economy, especially in comparison to socialism.”
Some socialist economies use government control of privately owned businesses, rather than government ownership.
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