4 Common Myths About Free Market Capitalism

by | Oct 4, 2020

… neither capitalists nor workers act in practice as if they are each members of monolithic, conflicting classes. On the contrary, capitalists persist in competing with each other, and workers likewise.

Murray N. Rothbard

Classical Economics, p. 383

 

… capitalists, being the peculiarly mobile and dynamic groups in society that can either flourish on the free market or try to obtain state privileges, are, then, particularly ill-suited to a homogeneous class analysis.

Murray N. Rothbard
Conceived in Liberty v. 1, p. 262; p. 252

 

The capitalist performs the function of saving money to buy the raw material, and then pays the laborers in advance of sale of the product to the eventual customers.

Murray N. Rothbard
Economic Controversies, p. 360

 

The actual world is one not of changeless “givens” but of incessant change and systemic uncertainty. Because of this uncertainty, the capitalist entrepreneur, who stakes assets and resources in attempting to achieve profits and avoid losses, becomes the crucial actor in the economic system …

Murray N. Rothbard
Economic Controversies, p. 833

BitChute: https://www.bitchute.com/video/2uhDoDVkL13v/

LBRY.tv: https://lbry.tv/@KeithKnightDontTreadOnAnyone:b/4-Common-Myths-About-Capitalism—FEE:8

Archive: https://archive.org/details/4-common-myths-about-capitalism-fee

Minds: https://www.minds.com/newsfeed/1159336512178442240?referrer=KeithKnightDontTreadOnAnyone

Keith Knight

Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

View all posts

Our Books

Shop books published by the Libertarian Institute.

Podcasts

scotthortonshow logosq

coi banner sq2@0.5x

liberty weekly thumbnail

Don't Tread on Anyone Logo

313x0w (1)

313x0w (1)

313x0w (1)

Our Books

Recent Articles

Recent

The Politically Incorrect Guide to World War Two

The Politically Incorrect Guide to World War Two

https://youtu.be/_yPP02mjVXE “600,000 German men, women and children died as a result of the direct bombing of German cities during the war (1939-1945); many thousands more were wounded and mutilated. Millions more were left homeless. In the prosecution of the bombing...

read more
The Case Against Foreign Aid to Israel and Ukraine

The Case Against Foreign Aid to Israel and Ukraine

https://youtu.be/2iRZnsoZ0pA The Third World suffers from a lack of economic development due to its lack of rights of private property, its government-imposed production controls, and its acceptance of government foreign aid that squeezes out private investment. Th e...

read more

Pin It on Pinterest

Share This