What Capitalism Isn't

Capitalism does not involve a private central bank setting interest rates.

Capitalism does not involve a private central bank adjusting the money supply.

Capitalism does not involve a system of fiat currency that requires legal tender laws to make people use it.

Capitalism does not involve protection for lenders, such as commercial bank bailouts.

Capitalism does not involve protections for investors, such as FDIC deposit insurance or investment firm bailouts.

Capitalism does not involve a government responsible for spending 40% of the nations GDP.

Capitalism does not involve massive amounts of regulations on business.

Capitalism does not involve government subsidies to certain industries.

Capitalism does not involve government contracts with corporations.

Capitalism does not involve using tax payer dollars to clean up private corporate disasters.

Capitalism does not involve government buying up the majority of resource rich land, then leasing that land out to favored corporations, such as major oil producers and mining corporations.

Capitalism does not involve restrictions on private property owners being able to harvest resources from the land they own.

Capitalism does not involve tax payer backed mortgage firms.

Capitalism does not involve a massive military industrial complex that makes all of its profits from tax dollars, unwillingly taken from the public.

Capitalism does not involve government seizing private property through eminent domain and then handing that land to private developers.

Capitalism does not involve government creating jobs.

Capitalism does not involve taxes on money (real money, such as gold and silver).

Capitalism does not involve corporate lobbying for government contracts, kickbacks, tax breaks, subsidies, favorable regulations, regulations that hinder competition, regulations that hinder startups from competing, or any other government involvement in industry.

Capitalism does not involve forcible redistribution of wealth.

Capitalism does not involve a heavy progressive income tax on people’s labor.

——————

What does capitalism involve?

Protection of private property rights, where a person can use their property as they see fit.

Protection of private property rights, where a person gets to keep what they produce (money).

Protection of private contracts, where people are free to negotiate voluntary contracts with each other and have the courts uphold those contracts.

Free markets, where people can voluntarily exchange goods and services with each other as they see fit.

Protection of money’s value, where those who counterfeit and artificially inflate the money supply are charged with a crime, rather than be rewarded with profits.

——-

“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”

-Benito Mussolini, author of The Doctrine of Fascism, Italian Fascist Dictator (Duce) 1943 – 1945

“The theory of Communism may be summed up in one sentence: Abolish all private property. “

-Karl Marx, author of The Communist Manifesto