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The pros and cons of capitalism

Capitalism is the only moral economic structure, and the only structure to which there are no defendable cons. Capitalism is based on two things: that man is a rational being, and that individuals have certain inalienable, natural rights. Capitalism is the only economic structure to protect man's individual rights from coercion or force from others.

In a capitalist society, every human being has certain natural rights that cannot be denied to him/her by any other human being.

These rights include the right to life, liberty, property and the pursuit of happiness. It is the government's job in a capitalist society to protect these rights for all of its citizens. Because these rights are equal to all citizens, racism, sexism, etc. cannot thrive. While individuals may hold their personal views, they cannot do anything that deprives another of their rights.

In a truly capitalist society, the government holds no control over the free market. This prevents special interest groups from forming. If the government has no control over health care, then it's pointless for drug companies to have a lobby. If the government provides no subsidies to big oil, then the big oil lobby with be useless. If the government does nothing to intervene or interfere in the economy, then there is no point in trying to bribe or otherwise garner special treatment - there is no special treatment to give. Any government regulation only opens the door for special interests to attempt to gain favorable treatment. The more regulation, the more the room for abuse. With no regulation, there is no room for abuse.

It is often thought that without consumer protections, businesses will take advantage of consumers by price gouging or producing an inferior product. If we consider man as rational, then this makes no sense. A transaction in a capitalist society is profitable for both the producer and the consumer. The producer gets money that is more valuable to him than the product that he produced, and the consumer gets a product that is more valuable to him than the money he traded for it. If a business provides an inferior product and attempts to "dupe" the consumer into purchasing it, then that consumer is unlikely to ever do business with that company again. If one company forms a monopoly and then raises their prices to an extreme degree, their transactions will decrease and the door will open for new competitors. Without the government propping up a failing business, the business that is attempting


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The pros and cons of capitalism

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