Capitalism Cures Poster

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both” – Milton Friedman. Capitalism is an economic system that encourages wealth and innovation. Economic freedom helps political freedom. If governments own the means of production and set prices, it invariably leads to a powerful state and creates a large bureaucracy which may extend into other areas of life. Capitalism also has a dynamic where entrepreneurs and firms are seeking to create and develop profitable products. Therefore, they will not be stagnant but invest in new products which may be popular with consumers. This can lead to product development and more choice of goods. There are no better alternatives. As Winston Churchill, “It has been said that democracy is the worst form of government except for all the others that have been tried.” A similar statement could apply to capitalism.