Wednesday, October 23, 2013

Capitalism

Many believe that capitalism is synonymous with free enterprise and democracy. Capitalism is neither free enterprise nor democracy. After all, China is now a capitalist country. No one believes that China is a democratic country. This conflation has allowed all attempts to attenuate the deficiencies of capitalism to be construed as that grand evil, "socialism" or communism.
--Egberto Willies

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