Capitalism means that trade, industry, and means of production are privately owned and operated for profit. It means that transactions are freely chosen and without coercion.

That’s pretty damn simple and that is the point.

Capitalism isn’t …wages being set by government.

Capitalism isn’t …a partnership between the company and the government.

Capitalism isn’t …when government has approval.

Capitalism isn’t …government mandating benefits.

Capitalism isn’t …government restricting purchases.

Capitalism isn’t …government restricting sales.

Capitalism isn’t …tax credits.

Capitalism isn’t …tax deferments.

Capitalism isn’t …when most of your business is with government or government employees.

Capitalism isn’t …eminent domain.

Capitalism isn’t …subsidized by government.

Capitalism isn’t …lobbying so your company has a competitive advantage.

Capitalism isn’t …a monopoly.

Capitalism isn’t …reporting to government.

Capitalism isn’t …mandated charity.

So why do people complain about all this and call it capitalism?

It’s GOVERNMENT that is the problem.

Tags: mercantilism ∙ freely chosen ∙ personal freedom ∙ personal choice ∙ crony capitalism ∙ private sector