Wouldn’t it be nice if we could simply invent new terms to replace the words that seem to cause more heat than light? For example, I have written before of my qualms about using the word capitalism to describe the free-market economy. The word was coined by capitalism’s enemies to describe the system that they rejected.
Read more at the Foundation for Economic Freedom
Wednesday, December 9, 2015
“Capitalism” Is the Wrong Word
Labels:
capitalism,
central planning,
free markets,
socialism
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