Capitalism 101

 

Capitalism is the only economic system that is consistent with the principles of individualism, freedom, and prosperity. It is a system based on the idea that individuals have the right to own and control their own property and pursue their own self-interest, free from the interference of government or other external forces.

At the heart of capitalism is the concept of the free market. This is a system in which individuals are free to buy and sell goods and services on the basis of voluntary exchange. Prices are determined by supply and demand, and competition ensures that prices remain fair and reasonable. In this system, there are no restrictions on who can enter the market or what they can produce. This creates a level playing field that allows individuals to compete and succeed based on their own abilities and efforts.