4 Common Myths About Free Market Capitalism

by | Oct 4, 2020

4 Common Myths About Free Market Capitalism

by | Oct 4, 2020

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… 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

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About Keith Knight

Keith Knight is the founder of the YouTube, Minds, and BitChute Channel- "Keith Knight - Don't Tread on Anyone". Having supported Barack Obama in 2008, and Mitt Romney in 2012, he become a Libertarian Anarchist after running out of arguments for when initiating violence is morally permissible. His goal in life, is to spread knowledge of critical thinking, the Non-Aggression Principle, Self-Ownership, natural law and the Private Property Ethic.

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