The Capitalism Site

What is capitalism?

Capitalism FAQ — Sun, 24 Jan 2010 20:13:15 +0000

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

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What is the purpose of government under capitalism?

Capitalism FAQ — Thu, 20 Jan 2011 00:20:38 +0000

It is to protect rights that governments are instituted. A proper government’s only responsibility is to protect the rights of the individual, by banning the initiation of force, thus making all relations between men peaceful, i.e., free from the threat of violence and fraud. In a political context, freedom has only one specific meaning — [...]

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What is antitrust?

Capitalism FAQ — Fri, 21 Jan 2011 01:54:54 +0000

Anti-trust are those set of laws which punish successful businesses (or trusts) for being successful, i.e., dominant. To quote philosopher Ayn Rand writing in “Antitrust: The Rule of Unreason” Voice of Reason, The alleged purpose of the Antitrust laws was to protect competition; that purpose was based on the socialistic fallacy that a free, unregulated [...]

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What about Rockefeller’s Standard Oil?

Capitalism FAQ — Fri, 21 Jan 2011 01:56:33 +0000

Standard Oil was punished for dropping the price of oil more then half, by buying up competitors in order to gain greater economies of scale — as their market grew they were able to achieve greater economies of scale, and thus lower their production costs, and thus lower their prices, while increasing their profits. Of [...]

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What is the base of the antitrust laws?

Capitalism FAQ — Fri, 21 Jan 2011 01:57:12 +0000

The philosophical foundation of the antitrust laws is the Marxist myth that a free-market will result in the formation of coercive monopolies. Eventually through ‘historical necessity’ they will form one big business which the ‘proletariat’ will take over with the establishment of communism.

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Don’t the antitrust laws stop monopolistic practices?

Capitalism FAQ — Fri, 21 Jan 2011 01:57:35 +0000

Absolutely not. Harmful monopolies from the old AT&T monopoly (created by government regulations), to the U.S. Post Office monopoly were created by the state. The U.S. Post Office, for example, maintains its monopoly on the lucrative first class mail market by having the state outlaw its competition. Take for example Judge Learned Hand’s indictment of [...]

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Regarding the Antitrust Microsoft case, don’t consumers have a right to Windows without Explorer?

Capitalism FAQ — Fri, 21 Jan 2011 01:59:24 +0000

Does not Microsoft’s bundling of their products (i.e. Microsoft Internet Explorer and Microsoft Windows) into one package disrupt a person’s right to only have to pay for products he wishes to buy? No one has a right to buy whatever they wish, one only has the right to buy what others choose to sell to [...]

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What is abortion?

Capitalism FAQ — Fri, 21 Jan 2011 02:00:28 +0000

Abortion is the termination of pregnancy by the induced removal of an embryo or fetus (that is incapable of survival outside the body of the woman) which results in the death of the embryo/fetus. The essential political question concerning abortion is: does the fetus have a right to be in the body of a woman [...]

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Doesn’t a fetus have a right to be inside the body of the woman?

Capitalism FAQ — Fri, 21 Jan 2011 02:05:21 +0000

A fetus does not have a right to be in the womb of any woman, but is there by her permission. This permission may be revoked by the woman at any time, because her womb is part of her body. Permissions are not rights. There is no such thing as the right to live inside [...]

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Is abortion a right?

Capitalism FAQ — Fri, 21 Jan 2011 02:06:04 +0000

Abortion is an inalienable right. Abortion is not a violation of any right, because there is no such thing as the freedom to live inside (or outside) of another human being as a parasite, i.e., against the will of that person. This principle applies to both fetuses and adults. As a woman has a right [...]

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