Difference between revisions of "Capitalism"
From Critiques Of Libertarianism
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Frequently it is claimed that [[capitalism]] is responsible for alleviating world [[poverty]]. Yes, some. But Communism was also successful at alleviating poverty in the Soviet Union and China. [[Science]] (mostly publicly funded), public [[Education]] and [[Democracy]] can also take credit as well. Attributing it all to capitalism is [[Greedy Reductionism|greedy reductionism]]. | Frequently it is claimed that [[capitalism]] is responsible for alleviating world [[poverty]]. Yes, some. But Communism was also successful at alleviating poverty in the Soviet Union and China. [[Science]] (mostly publicly funded), public [[Education]] and [[Democracy]] can also take credit as well. Attributing it all to capitalism is [[Greedy Reductionism|greedy reductionism]]. | ||
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+ | Some, like [[Thomas Sowell]] misrepresent capitalism as merely trade. "Capitalism... is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to." | ||
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