1/10/2024 0 Comments Does a flat tax workWhen we drive into a service station, we assume there will be fuel. When we turn on a light, we assume there will be electricity. What other system enables us to cooperate with millions of other ordinary people-whom we will never meet but to whom we will gladly provide goods and services-in an incredible, complex web of commercial transactions? And what other system perpetuates itself, working every day, year in, year out, with no single hand guiding it?Ĭapitalism is a moral system if only because it is based on trust. You don’t see misers creating Wal-Marts and Microsofts. It encourages individuals to devote their energies and impulses freely to peaceful pursuits, to the satisfaction of others’ wants and needs, and to constructive action for the welfare of all. It is also the only truly moral system of exchange. Capitalism works better than any of us can conceive.
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