THE LIBERTARIAN ENTERPRISE
Number 834, August 16, 2015
School is only a starting place for education

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Letter from MamaLiberty

Letter from A.X. Perez

Letter from MamaLiberty

Re: "Writing Drills #1" by Terence James Mason

Responsible capitalism is the most efficient economic system for producing total wealth. That's not an opinion, it's a definition: in responsible capitalism, individuals are paid for the value of the work they perform, no more—and no less.

Unfortunately, the word "capitalism" is mired in the same idiotic doldrums as the word "anarchist." The definition most people seem to have for anarchy is the bomb throwing, totally irrational and destructive types of both history and fiction (even when you can tell the difference...).

Same with capitalism, even if prefaced by the word "responsible." Without the context of individual liberty, self ownership, and voluntary associations, it's not hard to understand that a lot of people continue to think that the corrupt and evil economic system we have IS "capitalism" as it is usually called. That it is rejected so many times for all the wrong reasons is a subject for another time....

It is an uphill battle to rehabilitate these words, to separate them from what they have come to mean in the minds of most people. I don't use either term anymore, since few are willing to even consider the qualifiers we might use to explain them.

Other than that... your article was very good.

MamaLiberty
The Price of Liberty
www.thepriceofliberty.org
[email protected]

I believe the word "capitalism" was invented by a feller by the name of Karl Marx, and had a negative aspect from the very beginning. I, myself, prefer "free market" or "free markets" instead. But that's just me. YMMV.—Editor

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