What are the fundamentals of ‘Capitalism’?
January 13, 2009 by Admin
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Capitalism eschews the initiation of force against any man, by any man or group of men-a fundamental moral principle. Capitalists cannot therefore advocate for peace at any price, or security at the expense of liberty. Individual moral right, is the first fundamental in capitalist philosophy and is reflected in the US Declaration of Independence when Jefferson penned,
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. - That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, - That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
Capitalists recognize that it is not the right to agree with others that is so crucial to man’s freedom, but it is the right to disagree and to dissent from tyranny in all forms. It is the philosophy of capitalism and its institutions which protect and implement the right of men to disagree that keeps society open to what capitalist’s view as man’s most valuable attribute, his mind.