Business

Say 'Yes' to Capitalism

By Walter Block / LewRockwell.com:
There are some new kids on the libertarian block. Their group is called Libertarians Against Capitalism; see here or here. They describe themselves as follows: "We are a group of libertarians who understand that historically the word ‘capitalism’ has meant, not the free market, but crony capitalism – that is, collusion between business and State at the expense of consumers/workers. Thus we refuse to use the word ‘capitalism’ to describe what we favor: individual liberty in all respects and free, competitive markets. We believe that what we have today IS capitalism – and we oppose it."
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Posted by Editor at March 20, 2010 02:24 AM