Capitalism is superior to other economic systems mainly because it provides equality of opportunity. In contrast, socialism strives for an impossible goal—equality of outcome—and in the process suppresses liberty. Yet, like every other human invention, Capitalism is far from perfect, and that is a fact its conservative cheerleaders would do well to remember.
One of Capitalism’s chief imperfections is that it attracts Yertles. I am borrowing the name from Dr.… Read More