Paul Graham, brilliant software developer turned venture capitalist, has written a rather cogent defense of capitalism (albeit without ever using the word capitalism). While he writes plainly, some of his wording might come across as condescending if you believe in redistributing wealth. But even when my eyebrows were raised, I could find no fault with his logic or facts. He supports his arguments with examples from history, using them to explain why some people today have problems with others gathering wealth. It’s quite an interesting read.
2 thoughts on “In Defense of Capitalism”
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Good time to remind people about a free-market article I wrote some time ago. I think it reinforces a lot of the same ideas. Nothing like the CT archives to promote knowledge and dispel ignorance !!!
http://www.crackteam.org/2005/11/20/ink-and-the-free-market/
This seems like a good opportunity to dust off an earlier article, which also extols the free market way of life:
http://www.crackteam.org/2005/11/20/ink-and-the-free-market/
All the same, should society force us to eat vegetables once in a while?? Perhaps by making Big Macs prohibitively expensive or making vegetables and fruits free once a week?? Then we’d end up with rotten fruits and vegetables flooding the market. And Big Macs would be made out of sirloin steak…. Sounds good…..