Animal’s Daily News

Relaxing BearThanks once again to The Other McCain for the Rule Five links!

If you haven’t read George Gilder’s Wealth and Poverty: A New Edition for the Twenty-First Century, or his equally excellent Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World, then do so at once; until you do, have a look at his nutshell explanation of capitalism and why it’s the best economic system:

What does the admittedly-brilliant (on economics) George Gilder leave out?  Simply this; the best justification for capitalism is that it is the natural product of free people deciding for themselves what to do with their own resources, skills, talents, abilities and labor.

There’s no better argument for capitalism than that.  Unfortunately it’s been a long, long time since the United States had a completely capitalist economy; probably not since the middle 1800s.  And we’re moving farther away from that state every time Congress is in session.