What capitalism’s critics get wrong

What capitalism’s critics get wrong

Attacking capitalism never seems to go out of style. Over the past 100 years, few institutions have been attacked so fiercely, so falsely and so foolishly.

Yet capitalism’s resilience continues. Governments based on the idea that capitalism is evil and that the state can create wealth by controlling an entire economy have risen and fallen during this period, but capitalism continues to thrive.

Today, it is no longer beyond the pale to say that capitalism has done more good for more people than any other economic arrangement ever devised by man. Capitalist economies such as the United States are prosperous, growing and expansive, creating opportunities and wealth for ever-increasing numbers of people.

“I think all the world would gain by setting commerce at perfect liberty,” Thomas Jefferson said, and our Constitution was a major step in that direction.

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