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The foundation of capitalism rests on the principle that: Human beings are not capable of voluntary cooperation, because greed keeps people from being able to
- The foundation of capitalism rests on the principle that:
- Human beings are not capable of voluntary cooperation, because greed keeps people from being able to serve one another without violating human rights.
- Human beings are not experts in everything, therefore self-interested, but peaceful, activities can raise the standard of living, even for poor people.
- Enlightened self-interest is a way to promote cooperation, trade, and prosperity - but only for people who are born privileged.
- Government regulation over all business activities, including prices, wages and product offerings is essential to promote economic freedom.
- Slavery, even though it is a gross violation of human rights, was part of the foundation of genuine capitalism centuries ago.
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