By The Time Any View Becomes A

The Advantage Of A Free Market Is That It Allows Millions Of Decision-makers To Respond Individually To Freely Determined Prices, Allocating Resources - Labor, Capital And Human Ingenuity - In A Manner That Can't Be Mimicked By A Central Plan, However Brilliant The Central Planner.

When It Becomes Dominated By A Collectivist Creed, Democracy Will Inevitably Destroy Itself.

If The Resources Of Different Nations Are Treated As Exclusive Properties Of These Nations As Wholes, If International Economic Relations, Instead Of Being Relations Between Individuals, Become Increasingly Relations Between Whole Nations Organized As Trading Bodies, They Inevitably Become The Source Of Friction And Envy Between Whole Nations.

Capitalism Created The Possibility Of Employment.

By Giving The Government Unlimited Powers, The Most Arbitrary Rule Can Be Made Legal; And In This Way A Democracy May Set Up The Most Complete Despotism Imaginable.