KOMMONSENTSJANE – The Case for Capitalism, Part I

Reblogged on kommonsentsjane/blogkommonsents.

https://danieljmitchell.wordpress.com/2020/08/23/the-case-for-capitalism-part-i/

For your information.

The free market is the fairest and justest model yet devised.

kommonsentsjane

International Liberty

This video from Dan Hannan crams 10,000 years of human history into 5 minutes. We learn about the “stationary bandit” of government and find out how our ancestors endured pervasive oppression and misery.

But there’s a happy ending to the story. It’s called capitalism.

There are many useful insights in this video.

We learn why it was important to replace arbitrary government with the “rule of law” so that property rights could be protected and so that people wanting to buy and sell no longer had to get permission from the state.

And once capitalism was unleashed beginning a few hundred years ago, living standards dramatically improved (these videos by Don Boudreaux and Deirdre McCloskey have lots of evidence).

Hannan makes the all-important point that capitalism is the opposite of exploitation. It enriches people, but also liberates them.

And, as indicated by one of my…

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About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
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