Capitalism is not economic anarchy. When properly defined, it recognizes several necessary conditions for the kinds of voluntary relationships it supports. One of these is the existence of inherent human rights, such as the right to make decisions, the right to be free, the right to hold property, and the right to exchange peacefully what one owns for something else. Capitalism also presupposes a system of morality. Under capitalism, there are definite limits, moral and otherwise, to the ways in which people can exchange. Capitalism should be viewed as a system of voluntary relationships within a framework of laws that...
