In Defense of Capitalism

It’s good to see that conservatism is still alive at the Daily Beacon, the student newspaper I wrote columns for during my undergrad days at the University of Tennessee:

Capitalism is the economic system in which hard work is rewarded. It’s the system in which property rights protect the fruits of man’s labor, and it’s the system in which citizens are not expected to pay the price for the foolish choices and mistakes of others. I can think of no system that is more fair or just.

Why do we structure our society in this way? It encourages individuals to contribute to society by ensuring them of their rewards. It encourages production and prosperity. Without rewards (or profits) individuals have no incentive to contribute to society — a recipe for disaster in any society.

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